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Dutch court says 'luxury' cell prisoners must move THE HAGUE: A Dutch court ruled Friday that long-term prisoners who currently enjoy countryside views and cook their own food must vacate their "luxury" cells to make way for Norwegian convicts.The Dutch prisoners, all serving 10 years to life, have sued the government after plans surfaced of a multi-million euro deal with Oslo to transfer 242 Norwegian prisoners to the Netherlands."The long-term prisoners have to move out," The Hague's district court said in a statement after 18 inmates took the Justice Department to court to try to stop the deal.The inmates at the Norgerhaven prison near Assen in the northern Netherlands said they will have to forfeit the privileges of long-term prisoners if they are transferred.Relatives of the Norwegian inmates are also angry at the deal which will see the detainees transferred to another country hundreds of kilometres (miles) away.Dutch deputy justice minister Fred Teeven on Monday signed a 25-million-euro ...

EU presidency puts forward 2019 date for carbon market reform BRUSSELS: Latvia, holder of the EU presidency, has put forward a compromise date of 2019 to launch a repository to hold surplus carbon permits from the EU Emissions Trading System (ETS) and boost their price, according to a document seen by Reuters.The ETS is the bloc's flagship policy to cut greenhouse gas emissions by charging for the right to emit carbon dioxide.However, weak economic growth has cut industrial production and energy demand, creating a glut ...
Hungary PM urges banks to lend more to boost growth BUDAPEST: Hungarian Prime Minister Viktor Orban on Friday urged banks to lend more to the private sector to boost economic growth as a central bank programme to finance companies could not be sustained indefinitely."In order to keep economic growth above 3 percent in Hungary, which is our objective, we would need 7 to 8 percent private sector credit growth per year," Orban told a business forum.He said banks should lend more as their tax levels ...
Gower vows to fight 'appalling' tax demand: report LONDON: David Gower has vowed to fight an "appalling" and "unfair" tax demand with which he and several other former top England cricketers have been hit with by British authorities.The Guardian reported Friday that some "very substantial" tax demands have been sent to investors in film finance schemes which Her Majesty's Revenue and Customs (HMRC) is challenging claiming they constitute tax avoidance.Among those who have been sent "accelerated payment notices", the daily said, are former ...
Putin's suppression to blame for Nemtsov's death: NATO official RIGA: Vladimir Putin is seeking to turn Ukraine into a failed state while silencing dissent at home, a top NATO official said on Thursday, suggesting the Russian President was ultimately responsible for the murder of Kremlin critic Boris Nemtsov."President Putin's aim seems to be to turn Ukraine into a failed state and to suppress and discredit alternative voices in Russia," NATO Deputy Secretary General Alexander Vershbow said."We've seen that the victims are not just in ...
German parliament passes law to cap sharp rent rises BERLIN: Germany's lower house of parliament passed a law on Thursday to limit rent rises in metropolitan areas to 10 percent above local averages when properties change hands, in a bid to stop tenants being priced out of the market. Rents have shot up by as much as 30 or 40 percent since 2007 in cities such as Berlin, Hamburg, Munich and Frankfurt. The rises have had a particularly big impact in Germany where nearly ...
Italy parties agree Popolari banks' voting cap measure ROME: The Italian government and political parties have reached an accord to allow shareholder meetings of cooperative banks to set a 5 percent limit on voting rights for two years, sources with knowledge of the matter said on Thursday. The agreement would water down plans to convert the top 10 cooperative banks, known as "Popolari", into joint stock companies by abolishing rules which currently limit every shareholder to a single vote.Political sources said the agreement ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln