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Cameron in new row over EU demand for extra 2.1bn euros BRUSSELS: Prime Minister David Cameron faces a fresh showdown with the EU after Brussels demanded an extra 2.1 billion euros from Britain because its economy is thriving while Europe stalls.Under new budgetary calculations, deficit-laden and struggling France will be owed 1.0 billion euros ($1.27 billion), a European Commission spokesman said.Germany, the bloc's most powerful and richest economy, meanwhile gets a rebate of 779 million euros.The Netherlands is like Britain tapped for more funds, having to pay 300 million euros, spokesman Patrizio Fiorilli added.The surcharge is a fresh blow for Cameron, who faces an election in May and has promised an in-out referendum on Britain's EU membership in 2017 to curb a growing threat to his Conservative party from the eurosceptic leader Nigel Farage.The surcharge is based on a revision in the way that the economic output of EU states is calculated dating back to 1995, a figure which includes previously ...

US urges all Ukrainians, even in east and Crimea, to vote WASHINGTON: The United States called on all Ukrainians even those in eastern rebel strongholds and in the annexed Crimea peninsula to vote in weekend parliamentary elections."This is another milestone for a nation that is again demonstrating its commitment to an enduring democratic process despite the political upheaval of the past year and considerable security challenges that remain in some parts of the country," State Department spokeswoman Jen Psaki told reporters.Issuing a stern warning to pro-Russian ...
Cypriot president pulls out of EU summit over health scare BRUSSELS: Cyprus President Nicos Anastasiades pulled out of a European Union summit on Thursday after he was taken to a Brussels hospital with a nose bleed, the government said. After tests showed he was suffering from high blood pressure, doctors sent the president back to his Brussels hotel and advised him to rest for 48 hours, a Cypriot government statement said. Anastasiades contacted European Council President Herman Van Rompuy to let him know he would ...
Cyprus president briefly hospitalised at EU summit NICOSIA: Cyprus President Nicos Anastasiades was briefly hospitalised with high blood pressure on Thursday in Brussels after flying in for an EU summit, the government said."After prolonged nosebleeds the president of the republic was admitted early in the morning (Thursday) to a hospital in Brussels where it was found that the incident is due to high blood pressure," an official statement said.The 68-year-old Greek Cypriot leader was discharged several hours later after receiving treatment and ...
Russia detains four more suspects in Total crash probe MOSCOW: Russian investigators detained four more staff members Thursday at the Moscow airport where the CEO of French oil giant Total died when his plane collided with a snow plough.Those detained include an intern air traffic controller, her supervisor, who was in charge of flights at the time, and the heads of the airport's air traffic controllers and runway cleaners. Investigators had already detained the driver of the snow plough and a court hearing on ...
Russia detains four over Total boss plane crash: investigators MOSCOW: Russia has detained four Moscow airport employees over a plane crash which killed the head of French oil giant Total, whose private jet hit a snowplough on takeoff, investigators said Thursday.Those detained include the air traffic controller in charge of directing the doomed plane at Vnukovo airport, her supervisor, the head of air traffic controllers and the chief of runway cleaning, Russia's investigative committee said in a statement. "The investigation suggests that these people ...
EU summit tackles climate change, Ebola BRUSSELS: European Union leaders meet at a summit in Brussels Thursday aimed at clinching a high-stakes deal on combating climate change and boosting efforts to fight the deadly Ebola virus.The heads of state and government from the 28-member EU will also search during the two-day meeting for ways to foster economic growth and jobs amid fears of a triple-dip recession.The main focus on Thursday will be on an ambitious package of climate change targets for ...

 



 
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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
WeeklyOctober 23, 2014
Reserves $13.465 bln