This may eventually lead to a merger of Ifil with Fiat, opening the door to an outside investor being brought in to rescue the Fiat Auto division, which is labouring under a heavy dependence on the Italian market, a lack of scale and earlier diversification into difficult emerging markets such as Brazil.

ECONOMIST: Cars

That seems unlikely to happen on any great scale: Europe sees Azerbaijan as a small but important contributor to reducing its dependence on Russian gas.

ECONOMIST: Azerbaijan and Eurovision

At the same time, the government has moved to reduce the dependence on tourism by promoting the development of farming, fishing, and small-scale manufacturing.

FORBES: Seychelles