economic development
SBI Unveils CHAKRA for Sunrise Sectors Amidst February Service Revisions
India’s largest state-owned lender, State Bank of India (SBI), has launched ‘CHAKRA,’ a Centre of Excellence to finance the nation’s rapidly developing ‘sunrise sectors.’ This strategic move, announced on January 31, 2026, positions SBI at the forefront of India’s economic…
Cebu Kicks Off ASEAN Tourism Forum 2026, City Schools Shift to Remote Learning
The Philippines officially launched the 45th ASEAN Tourism Forum (ATF) 2026 in Cebu, aiming to solidify its regional leadership in tourism and drive economic growth. The event, which includes high-level ministerial meetings and industry exchanges, prompted Cebu City to suspend…
Oak Ridge Cleanup Accelerates Amid Strong Investor Interest in Waste Management
Major environmental remediation efforts are accelerating in Oak Ridge, Tennessee, with significant demolitions and land repurposing planned for 2026. Simultaneously, the broader waste management sector is attracting substantial financial interest, exemplified by Intact Investment Management Inc.’s increased stake in Waste…
Panama’s Cobre Mine Crossroads: Mulino Faces June Deadline on Copper Giant’s Future
Panama’s President José Raúl Mulino is set to decide the fate of the Cobre Panama copper mine by June 2026, a critical juncture for one of the world’s largest open-pit operations, which was shuttered in 2023 following widespread protests over…
TRIPP Framework Unveiled: U.S. and Armenia Forge Path for South Caucasus Connectivity and Prosperity
Armenia and the U.S. have released the TRIPP Implementation Framework, detailing a strategic initiative for multimodal transit, regional peace, and economic integration, with a strong focus on Armenian sovereignty and economic benefits.
Abigail Spanberger Appoints Veteran Carrie Chenery as Virginia’s Commerce and Trade Secretary
Governor-elect Abigail Spanberger has appointed Carrie Chenery, a seasoned economic development leader with two decades of experience, as Virginia’s next Secretary of Commerce and Trade, aiming to boost job growth and attract investment across the Commonwealth.
Bahrain’s 2026 Horizon: Economic Triumphs, Shifting Travel, and a Royal Intrigue
In 2026, Bahrain emerges as a dynamic global player, achieving record aluminum production, navigating complex shifts in the international travel landscape, and unexpectedly becoming a rumored destination for Britain’s Prince Andrew amidst his royal exile. The nation’s strategic economic moves…
Chrystia Freeland Appointed Zelenskyy Economic Adviser Amid Dual Role Scrutiny
Former Canadian Deputy Prime Minister Chrystia Freeland has been appointed as an economic development adviser to Ukrainian President Volodymyr Zelenskyy, sparking debate over her continued role as a Canadian MP and her upcoming position as CEO of the Rhodes Trust.
San Francisco’s Resurgence: Mayor Daniel Lurie’s First Year Reignites City’s Hope
San Francisco Mayor Daniel Lurie reflects on his transformative first year in office, detailing significant drops in crime, progress on homelessness, and a revitalized economic outlook, positioning the city on an upward trajectory.
Armenia Considers Reclaiming Railway Sections from Russian Concession
Armenia’s government is considering reclaiming railway sections from Russia due to restoration delays, emphasizing the importance of efficient railway communication for economic growth.
Supreme Courts Take Center Stage: Louisiana Land Use and Pennsylvania Skill Games Decisions to Shape Local Futures
As Louisiana and Pennsylvania Supreme Courts tackle pivotal cases, the outcomes could redefine local autonomy, regulatory stability, and economic landscapes in both states.
Amazon to Invest $20 Billion in Pennsylvania for AI Growth
Amazon plans a $20 billion investment in Pennsylvania, creating AI campuses, 1,250 tech jobs, and boosting economic development across the state.
Armenia Boosts High-Tech Sector with State Support: New Initiative to Foster Innovation
The Armenian government is adopting a new decision to provide state support to the high-tech sector. The initiative aims to foster innovation, attract talent, and ensure economic growth. Learn more about the details of this new program.
European Commission Creates New Structure to Support Armenia, Azerbaijan, and Eastern European Countries
From February 1, 2025, the European Commission has a new Directorate-General for Enlargement and Eastern Neighbourhood (DG ENEST). This body will be responsible for enlargement and accession negotiations with candidate and potential candidate countries seeking to join the European Union.…
Gambling Industry to Fall Under the Jurisdiction of Armenia’s Ministry of Economy
The Ministries of Economy and Finance in Armenia are set to exchange certain responsibilities. On January 22, during a session of the National Assembly, Finance Minister Vahe Hovhannisyan announced that this change is part of a package of amendments to…