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Portugal July unemployment falls to 12.1pc LISBON: Portugal's unemployment rate fell to 12.1 percent in July from 12.3 percent in June, data from the National Statistics Institute (INE) showed on Monday. The unemployment level in June was revised lower from 12.4 percent. In July 2014 unemployment stood at 14.1 percent. According to the monthly unemployment data introduced by INE last year, the youth unemployment rate of those aged 15 to 24 fell to 31.0 percent from 31.6 percent. The total number of unemployed fell to 624,900 people in July from 629,600 in June, INE said. Copyright Reuters, 2015 ...

Britain announces investment in Scottish naval base LONDON: Scotland's Faslane naval base is to receive £500 million ($770 million, 688 million euros) in investment over 10 years, the British government announced on Sunday.The site of Britain's Trident submarine nuclear deterrent, Faslane is to receive investment in ship lifts, sea walls, jetties and other projects from 2017, with jobs at the base increasing to 8,200 by 2022 from 6,700, according to a statement."Today's announcement of more than £500 million demonstrates the UK government's ...
Berlin, Paris, London seek urgent EU meeting on migrant crisis BERLIN: Germany, France and Britain made a joint call Sunday for an urgent meeting of EU interior and justice ministers to find concrete measures to cope with an escalating migration crisis."The ministers have asked the Luxembourg presidency to organise a special meeting of justice and interior ministers within the next two weeks, so as to find concrete steps" on the crisis, said interior ministers from the three countries in a joint statement.Copyright AFP (Agence France-Presse), ...
Two police, one youth killed in Portugal shooting LISBON: Three people, including two police officers, were killed in a shootout in Portugal on Saturday following a row in a town near Lisbon, police said.Another person was seriously injured when a man opened fire in Quinta do Conde, around 30 kilometres south of the capital, following what television reports called a row between neighbours.A plainclothes policeman, who lived in the neighbourhood, was gunned down after rushing to the spot to investigate after hearing shots.Another ...
Hollande, Merkel, Putin call for fresh summit on Ukraine PARIS: The leaders of France, Germany and Russia discussed the Ukraine crisis over the phone on Saturday and agreed to hold a new summit in the coming weeks, said the French presidency.Francois Hollande, Angela Merkel and Vladimir Putin once again reaffirmed their support for the "Minsk II" peace measures agreed in February. "They strongly supported the call for a complete ceasefire from September 1 at the time of schools reopening," said the Elysee palace in ...
Croatia's forecast-beating second-quarter growth lifts 2015 hopes ZAGREB: Croatia's economy grew 1.2 percent in the second quarter year-on-year, the state statistics bureau said in its flash estimate on Friday, beating expectations and lifting hopes for full-year growth after a long recession. Analysts' forecasts were an average 0.7 percent, compared with first quarter growth of 0.5 percent year-on-year. "This is certainly a positive surprise driven by stronger household consumption and exports. I expect a similar figure in the third quarter, thanks to tourism, ...
German inflation stays ultra low in Aug, state data suggests BERLIN: German consumer prices remained ultra low in August, data from states around the country suggest, putting pressure on the European Central Bank to consider additional stimulus measures as falling oil prices and a slowdown in China curb inflation. In North Rhine-Westphalia (NRW), the federal state that tends to act as a bellwether for the national inflation rate, consumer prices held steady at 0.2 percent on the year in August. In three other states annual ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln