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Ukrainian PM says Kiev needs deal with EU, Russia to guarantee gas transit KIEV: Ukrainian Prime Minister Arseny Yatseniuk said on Tuesday Ukraine needed an agreement with the European Union and Russia to guarantee gas transit via Ukrainian territory to Europe. "We guarantee gas transit and energy security. A three-way protocol and agreement are essential for these guarantees to work," he said at a meeting with Ukraine's top energy officials. Copyright Reuters, 2015 ...

Greek crisis not due to 'mean Germans': Italy ROME: Greeks have their own leaders to blame for the crisis in their country, and not "mean Germans", Italian Foreign Minister Paolo Gentiloni said Tuesday.The current crisis " not the fault of mean Germans, but is the responsibility of the Greek governments which have followed one another these past 15-20 years," he told the Italian daily Corriere della Sera.Germany, the eurozone's de facto paymaster, has been the driving force behind requiring austerity policies to accompany ...
Don't heckle, I'm texting Tsipras, EU's Juncker tells MEPs STRASBOURG: Angry European Commission chief Jean-Claude Juncker berated euro MPs who heckled him for looking at his phone during a parliamentary debate Tuesday, saying he was texting the Greek prime minister.Juncker's exchange of messages with Alexis Tsipras came just hours before an emergency eurozone summit called after debt-stricken Greeks overwhelmingly voted 'No' to further austerity measures in a referendum at the weekend."Stop all this chatter about me looking at my telephone all the time. I ...
Britain faces first Conservative budget in two decades LONDON: British Prime Minister David Cameron's government will this week unveil the first Conservative budget in almost 20 years, targeting deep welfare cutbacks to honour a campaign pledge to slash spending.Finance minister George Osborne, boosted by a surprise May 7 vote giving his centre-right Conservative Party an outright majority, will present his latest spending and taxation plans before parliament on Wednesday.Osborne will have a free hand with public finances after five years of coalition with ...
'Door open to discussions' on Greece: Hollande, Merkel PARIS: French President Francois Hollande and German Chancellor Angela Merkel said Monday the door was open for a return to debt negotiations with Greece, but called on Athens to make detailed proposals."The door is open to discussions and it is now up to the government of Alexis Tsipras to make serious, credible proposals so that this willingness to stay in the eurozone can translate into a lasting programme," Hollande said. "I stress the fact that ...
Greek PM speaks to ECB chief, Russia's Putin ATHENS: Greek Prime Minister Alexis Tsipras on Monday spoke by telephone to ECB chief Mario Draghi and Russian President Vladimir Putin, a government source said as Athens scrambled to restore liquidity to its battered banking system.Tsipras was also conferring with Greek party chiefs and was to name a new finance minister after the nation on Sunday soundly rejected in a referendum austerity proposals put forward by Greece's EU-IMF creditors in return for bailout funds.Copyright AFP ...
Greek finance minister Varoufakis resigns ATHENS: Greek Finance Minister Yanis Varoufakis announced his resignation on Monday, a day after Greeks delivered a resounding 'No' to the conditions of a rescue package. In a statement, Varoufakis said he had been "made aware" that some members of the euro zone considered him unwelcome at meetings of finance ministers, "an idea the prime minister judged to be potentially helpful to him in reaching an agreement.""For this reason I am leaving the ministry of ...


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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 06, 2015
Reserves $18.201 bln