Remuria
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Oil price rise to hit company profits and consumer spending
Oil prices have risen again after the Kaiserliche Erdölfirma (KEF) announced it was not going to subsidise its oil export prices. The decision, whilst understandable as per market logics, did not help to calm investors and consumers alike. The Cornavian assurance to the Free State of continued stable oil supplies has, however, prevented any panic. The price of fuel in Wendmark for the time being remains stable, but it is not excluded that it will rise slightly in the near future to offset the import costs as the imported oil is refined into fuel.
The increased oil prices are tied to the continuing crisis in the Jurzan and the Talemantine embargo against the Kingdom of Belmont. Whilst Wendmark does not import oil from the Jurzan, a share of the black gold imported through the KEF originates in Talemantros, with the Free State becoming indirectly concerned by the developments in Himyar. For the time being, however, the government has taken a passive approach to matters, a position that is beginning to be criticised by some political and economic analysts who call for a more proactive approach to defend Wendmark's energy interests in the area.
Army told to watch its appetites
The Defence Committee of the Staatstag has told the Divisionär Alfred Hegli, head of the Department of Defence and Civil Protection's Office of Procurement, that the Army needed to watch its appetites over future procurement programs. The Staatstag has recently approved budget funds for the Spz 2010 program, which is seeking to upgrade the Permanent Readiness Brigades of the Land Forces with new and heavier infantry fighting vehicles (the Wieser Puma being currently tested as part of the program).
Last year the parliament approved funds to initiate the program that would seek to upgrade the Wendmarker Air Force with new jet fighters and bombers, the current park consisting mainly of Eurofighter Tornados. The VRL's Eurofighter Typhoon and Beaufort's Be.231 Rafale are considered as likely candidates. The government is currently in negotiations over the modalities of procuring trial and test batches.
Other procurement programs are ongoing or pending parliamentary approval. Recently, Wendmarker military observers have returned from the latest wargames in Wiese, having seen the new light tank on the base of the older Kürassier in work. Some members of the Staatstag are already saying that the Army should moderate its appetites. The military, however, retorts that defence spending is going up in Europe as a whole, with Kelas only recently increasing her own defence budget. Wendmark needed to walk in pace with the time for fear of being left behind without an adequate military force to defend her sovereignty.
Headlines
Production of Emmentaler cheese on the rise. The cheese, produced in the Emmental valley in the Wendmarker Alps, is seeing a slight rise in production as generous weather conditions have allowed the cows to graze well and produce milk of excellent quality.
Wendmarker bike clubs to attend the Erfurt convention. The Erfurt biker convention, in Wiese, has been given the green light by local police authorities.
Socialist states recognise North Ratomkira, Wendmark issues no statement. The current positon of the Wendmarker govenrment is to recognise the Kingdom of Ratomkira as the sole legal authority over the entire country.
Commerials
WENDMARKER NEWS, WORLD WIDE
Oil price rise to hit company profits and consumer spending
Oil prices have risen again after the Kaiserliche Erdölfirma (KEF) announced it was not going to subsidise its oil export prices. The decision, whilst understandable as per market logics, did not help to calm investors and consumers alike. The Cornavian assurance to the Free State of continued stable oil supplies has, however, prevented any panic. The price of fuel in Wendmark for the time being remains stable, but it is not excluded that it will rise slightly in the near future to offset the import costs as the imported oil is refined into fuel.
The increased oil prices are tied to the continuing crisis in the Jurzan and the Talemantine embargo against the Kingdom of Belmont. Whilst Wendmark does not import oil from the Jurzan, a share of the black gold imported through the KEF originates in Talemantros, with the Free State becoming indirectly concerned by the developments in Himyar. For the time being, however, the government has taken a passive approach to matters, a position that is beginning to be criticised by some political and economic analysts who call for a more proactive approach to defend Wendmark's energy interests in the area.
Army told to watch its appetites
The Defence Committee of the Staatstag has told the Divisionär Alfred Hegli, head of the Department of Defence and Civil Protection's Office of Procurement, that the Army needed to watch its appetites over future procurement programs. The Staatstag has recently approved budget funds for the Spz 2010 program, which is seeking to upgrade the Permanent Readiness Brigades of the Land Forces with new and heavier infantry fighting vehicles (the Wieser Puma being currently tested as part of the program).
Last year the parliament approved funds to initiate the program that would seek to upgrade the Wendmarker Air Force with new jet fighters and bombers, the current park consisting mainly of Eurofighter Tornados. The VRL's Eurofighter Typhoon and Beaufort's Be.231 Rafale are considered as likely candidates. The government is currently in negotiations over the modalities of procuring trial and test batches.
Other procurement programs are ongoing or pending parliamentary approval. Recently, Wendmarker military observers have returned from the latest wargames in Wiese, having seen the new light tank on the base of the older Kürassier in work. Some members of the Staatstag are already saying that the Army should moderate its appetites. The military, however, retorts that defence spending is going up in Europe as a whole, with Kelas only recently increasing her own defence budget. Wendmark needed to walk in pace with the time for fear of being left behind without an adequate military force to defend her sovereignty.
Headlines
Production of Emmentaler cheese on the rise. The cheese, produced in the Emmental valley in the Wendmarker Alps, is seeing a slight rise in production as generous weather conditions have allowed the cows to graze well and produce milk of excellent quality.
Wendmarker bike clubs to attend the Erfurt convention. The Erfurt biker convention, in Wiese, has been given the green light by local police authorities.
Socialist states recognise North Ratomkira, Wendmark issues no statement. The current positon of the Wendmarker govenrment is to recognise the Kingdom of Ratomkira as the sole legal authority over the entire country.
Commerials
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