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EU will 'play its role' to support Ukraine-Russia gas deal PARIS: The European Union will "fully play its role" to implement the gas deal signed by Ukraine and Russia on Thursday, the French and German presidents said in a joint statement.Francois Hollande and Angela Merkel said they had spoken with Russian President Vladimir Putin and his Ukrainian counterpart Petro Poroshenko earlier in the evening, and all four "have welcomed the conclusion of negotiations on the delivery of Russian gas to Ukraine, achieved thanks to the mediation of the European Union"."The president of the Republic and the German chancellor have stated that the EU will fully play its role in association with its partners (the United States, the G7, IMF) to facilitate the implementation of the agreement," the statement from the French presidency said. Russia, Ukraine and the EU signed a provisional deal in Brussels on Thursday on the delivery of Russian gas to Ukraine, and on to other parts of ...

British Labour downplays threat of Scotland collapse LONDON: British opposition Labour leader Ed Miliband on Thursday brushed off polls indicating his party faces collapsing support in former stronghold Scotland ahead of next year's general election."We face a tough fight but no tougher than the fights we have faced in the past," Miliband told a Labour dinner event in Glasgow. His comments came after an Ipsos Mori survey showed Labour could lose up to 90 percent of its lawmakers in the region to ...
German unemployment unexpectedly drops in October BERLIN: German joblessness unexpectedly fell in October and the unemployment rate held steady at 6.7 percent, data from the Federal Labour Office showed on Thursday, underlining the strength of the job market in Europe's largest economy. The number of unemployed people decreased by 22,000 to 2.887 million, seasonally-adjusted data showed. That confounded expectations in a Reuters poll for a rise of 5,000 and fell further than even the lowest estimate for a drop of 13,000. ...
East Ukraine's rebels prepare for a long cold war LUKOVE: As winter approaches in Ukraine's eastern countryside, pro-Russian rebels and Kiev forces eye each other uneasily across a ragged frontline. Despite signing a truce, both seem to be digging in for the long haul."We are repairing this tank after it was hit by mortar shells yesterday. The war will be long. If Kiev wanted peace it would have finished a long time ago," a rebel commander of a checkpoint near the village of Lukove ...
Tax summit in Berlin aims to say goodbye to banking secrecy BERLIN: The finance ministers of around 50 countries meet in Berlin on Wednesday to sign a deal they hope will put an end to banking secrecy and aid the worldwide fight against tax fraud and evasion."Banking secrecy, in its old form, is obsolete," German Finance Minister Wolfgang Schaeuble said in an interview in the mass-circulation daily Bild on Wednesday. Banking secrecy is "no longer appropriate at a time when people can transfer their money all ...
Erdogan to unveil Turkey's controversial new presidential palace ANKARA: Turkish President Recep Tayyip Erdogan is on Wednesday set to unveil his new presidential palace on the outskirts of Ankara, denounced by ecologists as an environmental blight and by the opposition as new evidence of his autocratic tendencies.Erdogan will host his first official event at the new palace, a reception marking Turkey's annual republic day which celebrates the foundation of modern Turkey in 1923 out of the ruins of the Ottoman Empire.The complex, located ...
Ukrainians support peace plan: president KIEV: Ukrainians strongly supported efforts to negotiate peace with pro-Russian rebels in Sunday's parliamentary election, President Petro Poroshenko said."A majority of voters came out in favour of those political forces that support the president's peace plan," Poroshenko said after exit polls showed his party leading preliminary results.Copyright AFP (Agence France-Presse), 2014 ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln