Iceland

Recently Georgia signed Association Agreement with EU, which includes Free Trade Agreement with the EU as well. Georgian Politicians were so happy, that they rushed to announce some great plans - and so the MP of Georgia announced, that Georgia is eager to have full EU membership in the next 5-10 years.  So far so good.  On the other hand, the newly elected president of the European Commission Jean-Claude Juncker has already announced, that he is not willing to see any enlargement in European…

The Nordic region, consisting of Denmark, Finland, Iceland, Norway, and Sweden, is known for its high standard of living and robust economies. In 2012, these countries combined had a total GDP of 1.603 trillion USD, which is a significant number compared to other regions such as the Baltic states or the Caucasus. When looking at the GDP of each country, Sweden had the highest with 525.7 billion USD, followed by Norway with 499.7 billion USD, Denmark with 314.2 billion USD, Finland with 250…