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Poland needs 'stronger eurozone' to join single currency: PM WARSAW: Central European heavyweight Poland needs a stronger eurozone and stability for its own economy to join the single European currency, the country's prime minister-designate said Wednesday."A stronger eurozone and stable Polish economy are the pre-conditions for entry into the eurozone," Ewa Kopacz told parliament ahead of a confidence vote that her new cabinet is expected to win later in the day.Copyright AFP (Agence France-Presse), 2014 ...

German unemployment unexpectedly rises in September BERLIN: German joblessness unexpectedly increased in September, the Labour Office said on Tuesday, in a further sign that Europe's largest economy remains subdued after contracting in the second quarter. The number of people out of work increased by 13,000 to 2.918 million, seasonally-adjusted data showed. That confounded expectations for a drop of 2,000 and overshot even the highest estimate in a Reuters poll for a rise of 10,000. The jobless rate nonetheless held steady at ...
Turkey calls on world to help Syrian refugees ISLAMABAD: Turkey has called on the international community to help it cope with the flood of refugees fleeing the Syrian civil war.Speaking at the World Economic Forum in Istanbul, Turkish Interior Minister Efkan Ala said: "Within the last week more than 150,000 mainly Kurdish refugees took shelter in Turkey", Anadolu News Agency reported."International organizations did not help properly. So we spent $4 billion, the UN has spent $160 million on aid in Syria and other ...
Italy's Renzi wins party vote on labour reform ROME: Italian Prime Minister Matteo Renzi on Monday overcame fierce opposition from the old guard of his centre-left Democratic Party (PD) and got backing for plans to make it easier to fire workers at big companies although he offered little detail on his labour reform. At the end of five-hour party meeting Renzi won a vote on broad brush proposals to extend jobless benefits, cut the number of short-term contracts, boost the role of employment ...
Polish weekend warriors up in arms over Russian threat OSTROWIEC: Commandos sneak up on a fortress in southern Poland. Camouflaged behind sandbags, they fire their Kalashnikov rifles to free the hostages. But the fortress is really a school and the machine guns are fake. The bullets are blanks and the hostages are there of their own accord.The participants are all volunteers taking part in a military manoeuvre motivated by security concerns over the crisis in neighbouring Ukraine. "I shot three," cries one of the ...
Dutch 'monster truck' toll rises to three, driver held THE HAGUE: A third person has died after a souped-up "monster truck" ploughed into a crowd during a show in the Netherlands and the driver has been taken into custody for his own safety, officials said Monday.The truck, sporting outsized tyres and a powerful engine, surged off the track after driving over a line of prop cars and crashed through a barricade and into the audience in the eastern town of Haaksbergen."A third victim has ...
Asylum-seekers abused in German refugee centres BERLIN: German police Monday investigated six private security guards accused of assaulting and humiliating asylum seekers in a refugee centre in ways that drew comparisons to violence against Guantanamo Bay prisoners.Police also questioned hundreds of fellow refugees after shocking photo and video footage emerged, including an image showing a security guard pinning a handcuffed Algerian man to the floor with his boot on the man's neck.Police said they launched their investigation after a journalist on ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln