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Turkish Deputy PM Babacan to keep responsibility for economy ISTANBUL: Turkish Deputy Prime Minister Ali Babacan will retain overall responsibility for the economy in the new cabinet, government spokesman Bulent Arinc said on Monday, a move likely to ease concerns of a turf war within government. The announcement of new Prime Minister Ahmet Davutoglu's cabinet on Friday saw Babacan retain his post as a deputy prime minister, but the appointment of Numan Kurtulmus, head of economic affairs in the ruling AK party, as another deputy premier unnerved markets. Senior officials told Reuters late on Saturday that Babacan would retain overall responsibility for the economy and that an announcement would be made on Monday. Copyright Reuters, 2014 ...

Putin urges Europeans to have 'common sense' over sanctions threat MOSCOW: Russian President Vladimir Putin urged the EU on Monday to show "common sense" and not to engage in mutually destructive sanctions, in his first reaction to the threat of additional punitive measures over Ukraine."I hope that common sense will prevail, ... that we will work together normally and that we and our partners will not cause harm by poking at one another," Putin was quoted as saying by Russian news agencies during a visit ...
German train drivers call three-hour warning strike FRANKFURT: A union for German train drivers called for a three-hour walkout on Monday to turn up the pressure on management of the national rail operator Deutsche Bahn in gridlocked wage talks.The GDL union called a warning strike from 6:00 pm (1600 GMT), saying it would primarily affect freight trains rather than passenger trains so as to spare commuters. Deutsche Bahn is demanding that GDL sign a cooperation agreement with the group's own in-house union ...
Putin accuses Europe of ignoring Ukraine army 'directly targeting' civilians MOSCOW: Russian President Vladimir Putin accused Europe on Monday of ignoring the Ukrainian army "directly targeting" civilians in the east of the country.The Ukrainian military "is directly targeting its fire on residential areas" and "unfortunately many countries, including in Europe, prefer not to notice that," he said from the eastern Siberian city of Yakutsk in comments broadcast on Russian television.Putin characterised the goal of rebel operations as protecting civilians."The goal of the rebel forces is ...
German rail union calls three-hour strike on Monday FRANKFURT: German rail workers' union GDL called a three-hour strike on Monday to put pressure on state-controlled rail operator Deutsche Bahn in a pay dispute. The union, which represents about 37,000 train drivers, conductors and shunters, said the strike would kick off from 1600 GMT, and primarily hit freight traffic. GDL demands a pay increase of 5 percent for workers, as well as a shortening of their work week to 37 hours from 39. News ...
Dozens of Turkish police detained over ‘anti-government plot’ ISTANBUL: Dozens of Turkish police officers, including a former chief of a police financial unit, were detained on Monday in a fresh wave of arrests over allegations that officers were involved in plotting against the government, local media said. Arrest warrants were issued for 33 police "seeking to overthrow the government", broadcaster NTV reported. The police force was not immediately available to comment. Dozens of police have been remanded in custody since July on charges ...
Six dead in Paris suburb building explosion BOBIGNY: Six people were killed on Sunday when an explosion ripped through an apartment building outside Paris, reducing half a residential block to rubble, emergency services said.Among the victims were a 10-year-old boy and a mother and two children aged 14-18.The bodies of a 45-year-old woman and another adult were also recovered from the remains of the four-storey building in the northeastern suburb of Rosny-sous-Bois.Firefighters were combing the wreckage for two other missing people, Mayor ...

 



 
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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