In December 2014, workers broke ground on the Nicaragua Grand Canal, a planned 175-mile-long canal through Nicaragua. Three times the  length of the Panama Canal, engineers say Nicaragua’s canal could eventually serve 5 percent of the world’s cargo traffic. Proponents of the canal argue that it will bring much-needed jobs and commerce to the country. However, critics charge that few details of the deal have been made public and say that the environmental and social costs of constructing the canal could be catastrophic.

The ongoing transformation of Hungary’s foreign policy aimed at enforcing the country’s economic interests more effectively has reached the halfway point, Péter Szijjártó, the minister of foreign affairs and trade, said in an interview to MTI. (...) The government has already carried out the biggest change, namely integrating the institutions overseeing external economic relations and cultural diplomacy into the foreign ministry’s structure, he said.