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EU says could send over 1bn euros more aid to Ukraine BRUSSELS: The European Union may disburse more than one billion euros in loans to Ukraine over the coming months and could consider further aid beyond that, European Commission President Jose Manuel Barroso said on Saturday.In March, the EU offered an 11 billion euro ($14.45 billion) package of loans and grants to Ukraine over the next several years to help get the shattered economy back on its feet.Ukraine has been caught in a geopolitical tug of war between the EU and Russia. Its eastern region is torn by fighting between pro-Russian separatists and Ukrainian government forces."More than half a billion euros in loans and 250 million euros in grants have already been mobilised by the European Commission as part of this package," Barroso told reporters after talks with Ukrainian President Petro Poroshenko in Brussels."Over one billion (euros) more in loans could be released in the coming months and we are ready ...


EU summit on economy in Italy October 6: Hollande PARIS: French President Francois Hollande announced on Saturday that EU leaders would hold a summit in Italy in early October aimed at boosting growth and jobs in the bloc."We supported the proposal of (Italian Prime Minister) Matteo Renzi to have a summit of the 28 (EU member states) in Italy on October 6," Hollande told reporters after a meeting of centre-left leaders in Paris.Copyright AFP (Agence France-Presse), 2014

Death toll rises to 12 in Nigeria boat capsize: relief agency PORT HARCOURT: Two more people were confirmed dead on Saturday after an overloaded boat capsized off the coast of southeast Nigeria, taking the death toll to 12.Twenty-two people were rescued and taken to hospital after the boat went down on Friday as it travelled between Bonny Island and Port Harcourt, the National Emergency Management Agency (NEMA) said."From our investigation, the capacity of the boat was 25 but it was carrying 34 people," said NEMA local ...

Three dead in foiled Philippines jailbreak ZAMBOANGA: Three people were killed and eight others wounded after a jailbreak attempt in the southern Philippines turned into a deadly firefight, police said Saturday.The inmates, who were serving sentences for crimes including murder and robbery, overpowered a jail guard in the southern, coastal town of Siocon late Friday, killing him and seizing his shotgun and pistol, said Inspector Dahlan Samuddin, the area's police spokesman.Guards and police from the nearby station rushed to the scene, ...

India's Modi arrives in Japan for visit TOKYO: India's new Prime Minister Narendra Modi flew into Japan Saturday on a five-day official visit as their governments seek to boost security ties and counter a increasingly assertive China.Modi arrived at Kansai International Airport near Osaka, western Japan, by special plane for a night in the nearby ancient city of Kyoto where he was to have an unofficial dinner with Japanese Prime Minister Shinzo Abe, a foreign ministry official said.The Indian leader will visit ...

Myanmar census shows population 9mn fewer than estimated YANGON: Myanmar's first census in three decades shows the country has a population of 51 million people, authorities said Saturday, around nine million fewer than an earlier estimate.The former junta-ruled nation's last survey was conducted in 1983 and in more recent estimates the government had put the population at around 60 million.The census, which triggered international concern after authorities refused to allow minority Muslims to register their ethnicity as Rohingya, was conducted in March and ...

Indian investigators drop coal scam case against billionaire Birla NEW DELHI: India's Central Bureau of Investigation (CBI) has closed a coal scam case against billionaire Kumar Mangalam Birla and a former top bureaucrat that emerged in 2012 after an auditor's report on revenue loss to the exchequer from allocations of coal blocks.The CBI filed the case against Birla and former Coal Secretary P.C. Parakh last year in relation to a block allocated in 2005 to Hindalco Industries, part of the $40 billion Aditya Birla ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln