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Polish billionaire plans to sell $116mn stake in Newag: paper WARSAW: Polish billionaire Zbigniew Jakubas is in talks to sell his 40 percent stake worth about $116 million in railway carriages producer Newag, the Puls Biznesu daily said on Monday, quoting an unnamed source."The assets sale process started in December 2014. The offer was directed at selected strategic investors," a source said, according to the daily.Among parties potentially interested in Newag, Puls Biznesu named Alstom, Bombardier, as well as Skoda Transportation and Swiss Stadler. "I will consider concrete proposals if they appear," Jakubas told the daily.Newag shares rose almost 10 percent last year, owing to good prospects for the company in a country that invests billions of dollars in rail infrastructure, while the broader Warsaw bourse index WIG was almost unchanged.Copyright Reuters, 2015 ...

Greece's Syriza on verge of outright majority in vote ATHENS: Greece's anti-austerity leftist party Syriza will easily win Sunday's election but may fall short of an absolute majority in parliament by as little as one seat, the first official projection of the vote showed.An official from Singular Logic, which processes the election results for the interior ministry, said Syriza would get between 149 to 151 seats in the 300-seat parliament, adding that the firm was officially projecting 150 seats but that there was a ...
Greece votes on whether to dump austerity, take on lenders ATHENS: Greeks voted on Sunday in an election expected to bring to power the radical leftist Syriza party, which has pledged to take on international lenders and roll back painful austerity measures imposed during years of economic crisis.Barring a huge upset, Syriza, which has led opinion polls for months, will be the biggest party and aims to form the first euro zone government openly committed to cancelling the austerity terms of its EU and IMF-backed ...
Obama vows to ratchet up pressure on Moscow over Ukraine NEW DELHI: US President Barack Obama blamed Russia on Sunday for the fighting that has flared anew between government troops and separatists in eastern Ukraine, and said the United States would consider additional options to ratchet up pressure on Moscow."We will continue to take the approach that we have taken in the past, which is to ratchet up the pressure on Russia," Obama told a news conference in New Delhi. "And I will look at ...
Russia's Lavrov tells EU's Mogherini to push Kiev towards peace talks MOSCOW: Russian Foreign Minister Sergei Lavorv told the European Union's foreign policy chief Federica Mogherini in a phone call on Sunday that Moscow wants the bloc to push Kiev towards political dialogue with separatists in east Ukraine.Lavrov reiterated Moscow's stance that Kiev was to blame for intensified fighting in east Ukraine in recent days, the Russian Foreign Minsitry also said in a statement.Copyright Reuters, 2015 ...
Poland's jobless rate seen below 10pc in 2015 WARSAW: Poland may see its unemployment rate fall below 10 percent this year, deputy labour minister Jacek Mecina said on Friday. "We would like the employment rate to grow even faster in 2015, and unemployment to finally be in single digits," Mecina told journalists. "Looking at the Polish economy's indices, our goal is very realistic," he added. Poland's unemployment rate rose to 11.5 percent in December, up from 11.4 percent the previous month. Copyright Reuters, ...
German nuclear plant outages FRANKFURT: The following table lists planned outages at German nuclear power plants.It gives dates for previous outages, plants returning online and planned shutdowns. Sources are the Web pages offered by RWE and EnBW, and, for E.ON installations, the EEX exchange's transparency website.The maximum national capacity of 12,696 MW can be utilised.Germany took the axe to the bulk of its nuclear capacity in the summer of 2011, switching off the seven oldest blocks plus Vattenfall's Kruemmel ...


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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 $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln