The crash of 2008 left huge numbers of unsold holiday flats along the Black Sea coast.
It has just agreed an extension of the Black Sea fleet's lease in Sebastopol, in Ukraine.
ECONOMIST: Russia, NATO and Europe: Marching through Red Square | The
And Bulgaria's oil refinery in Bourgas, on the Black Sea, could become a major supplier to Yugoslavia.
From the southern edge of the Caucasus mountains to the Black Sea, Georgia's landscape is spectacular and rugged.
Putin conducted the conversations by telephone from the Black Sea resort of Sochi.
In Russia in 2010 Chevron signed an exploration deal with Kremlin-controlled Rosneft to explore in the Black Sea region.
Oil is piped from the Caspian Sea to ports in the Black Sea, increasing Russia's anxiety to maintain control.
Its leader, Aslan Abashidze, runs an odd and throughly autocratic mini-state, Ajaria, on the Black Sea border with Turkey.
The small, Soviet-designed AN-24 plane was carrying 45 people from the Black Sea port of Odessa, according to emergency officials.
Hotels, condos, a stadium and gleaming Olympic ice palaces are sprouting from the Black Sea coastal lowlands, uprooting residential neighborhoods.
It sits astride a Russian pipeline running from the oilfields of the Caspian Sea to the ports of the Black Sea.
Over the years Gazprom has owned stakes in such things as a poultry farm and a resort on the Black Sea.
Depending on the results, exploration drilling could start as early as 2014 in the Black Sea and 2015 in the Kara Sea.
FORBES: What Is The Political Risk Of The ExxonMobil-Rosneft Deal In The Arctic?
With a year to go before the 2014 Winter Games, much of the Black Sea city is still a mass of scaffolding.
The Black Sea area of Russia has been particularly hard hit, with at least 58 deaths over the course of the weekend.
While oil majors like BP are eagerly exploring Turkey's share of the Black Sea, they long ago gave up seeking big finds onshore.
Bush is slated to meet Sunday with Putin in the Russian resort city of Sochi on the Black Sea, according to RIA Novosti.
There is a call for the EU's new External Action Service to make the Black Sea region a priority for its staffing and structure.
The report calls on a specific budgetary allocation for the Black Sea strategy, with a priority on funding small-scale development projects and cross-border co-operation.
Turkey carefully implemented the Montreux Convention, which governs traffic through the Bosporus, so only a handful of American warships could enter the Black Sea.
This has given Western companies access to new opportunities, such as Exxon's recent deal with Russian oil giant OAO Rosneft to explore the Black Sea.
Austrian assertiveness as Ottoman influence declined was compounded with Russian determination to resist any encroachment that threatened her historic interests in the Black Sea region.
The ships sank Sunday during a fierce storm which generated hurricane-force winds and gigantic waves in the Black Sea and the Azov Sea to the north.
Last year, the joint venture finished its seismic data acquisition in the Black Sea and plans to do the same for the Kara Sea this year.
FORBES: What Is The Political Risk Of The ExxonMobil-Rosneft Deal In The Arctic?
He said he was especially impressed by the Black Sea coastal town of Batumi, where Georgian President Mikheil Saakashvili was on hand to show him around.
Between the Black Sea and the Chinese border, more than 70m people live in eight countries that did not exist in that form a decade ago.
The climate and the lingering grandeur made the town a popular retirement choice for Soviet officers, especially those who had served with the Black Sea fleet.
Western military analysts have noted Russia's use of destroyers and landing craft from the Black Sea and Northern Fleets to back up its feeble Baltic-based naval forces.
Moscow (CNN) -- Russia's security service has foiled a plot to attack the 2014 Winter Olympics in the Black Sea city of Sochi, state media reported Thursday.
At the same time, BP, Exxon Mobil, Statoil, Total and Eni have forged deals with Rosneft, with Eni stepping into the Black Sea shoes that Chevron left.
应用推荐