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Greek pro-bailout 'Yes' vote in referendum ahead ATHENS: The number of Greeks planning to vote 'Yes' in this weekend's referendum in favour of accepting the latest bailout proposals is slightly higher that those opting for 'No', a survey said Friday.According to the poll by the Alco institute on June 30 and July 1, after capital controls were introduced in Greece, 44.8 percent intend to vote 'Yes', 43.4 percent are for 'No' and 11.8 percent of respondents are undecided ahead of Sunday's referendum.Copyright AFP (Agence France-Presse), 2015

Russia, Ukraine trade barbs over politics, gas as hostility deepens MOSCOW/KIEV: Russia expressed "deep concern" on Thursday over Ukraine's plans to decentralise power as part of a peace deal with separatist rebels, underlining the gulf between Moscow and Kiev as the conflict rumbles on despite a ceasefire. Differing interpretations of a February peace agreement signed in Minsk, Belarus, to end the fighting in Ukraine's eastern regions have left the conflict in limbo, with more than 6,500 people killed since it broke out in April last ...

Spanish jobless claims fall in June for fifth straight month MADRID: The number of registered unemployed fell in Spain for the fifth straight month in June, government data showed Thursday, but the country continues to battle one of the highest jobless rates in Europe. Jobless claims declined last month by 94,727 or 2.25 percent to 4.12 million, the labour ministry said in a statement.The number of people without work fell across all sectors except for agriculture and in every region although the majority of new ...

US train with toxic chemicals derails, catches fire WASHINGTON: A train carrying toxic chemicals derailed in Tennessee and caught fire, prompting a large-scale evacuation, firefighters said Thursday.The train derailed near Maryville, close to the city of Knoxville, carrying acrylonitrile, a flammable, toxic compound that poses respiratory risks, firefighter Kermit Easterling said.Some 5,000 residents are being evacuated, and firefighters are going door to door wearing breathing equipment to get people away from the fire, he said.Firefighters are not battling the flames because of the ...

'No breakthrough yet' in Iran talks, Britain says VIENNA: British Foreign Secretary Philip Hammond said Thursday there was no breakthrough yet in the Iran nuclear talks as they stretched into a sixth day, but insisted work was continuing for a deal."I don't think we are at any kind of breakthrough moment yet," Hammond said as he arrived in Vienna for talks with US Secretary of State John Kerry.But Hammond stressed: "The work goes on. You're going to see over the next few days ...

Sweden cuts key interest rate to record low -0.35pc STOCKHOLM: Sweden's central bank on Thursday cut its repo rate by 10 basis points to a record low -0.35 percent, to avoid a strengthening of the krona amid the Greek crisis."Inflation is rising and economic activity in Sweden is continuing to strengthen. But uncertainty abroad has increased and it is difficult to assess the consequences of the situation in Greece," the bank said in a statement."In this uncertain environment, monetary policy needs to be even ...

German government drops plans for contested coal tax BERLIN: Germany has scrapped plans to tax its oldest and dirtiest coal-fired power plants after fierce opposition from unions and operators, Economy Minister Sigmar Gabriel said Thursday.Instead it will shutter some of the old coal plants in coming years and keep them on stand-by during power shortfalls, as it increasingly relies on renewable energy to meet its climate goals.Gabriel, who is also vice chancellor, announced that his planned levy on the biggest polluters had been ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln