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EU panel casts doubt on Germany's proposed motorway toll BERLIN: A German plan to introduce a motorway toll next year aimed at foreign drivers would violate European Union laws, in the view of an EU Commission panel, a German magazine reported on Friday. The EU experts' analysis found that the toll would discriminate against foreign drivers because German motorists would be compensated with a reduction in car taxes. "It is clearly a contradiction to offer relief to all domestic motorists by exactly the same amount as would be raised by the toll and then claim that there is no link between the two laws," Der Spiegel magazine quoted the expert report as saying. A spokesman for the EU Commission, which has already expressed reservations about the plan, declined to comment on the experts' report, saying: "We will assess the law once it has been adopted.There must be no discrimination on grounds of nationality; all drivers, German and foreign, must ...

Turkish foreign visitor arrivals rise 9.08pc in January ISTANBUL: The number of foreign visitors to Turkey rose 9.08 percent year-on-year in January to 1.25 million people, Tourism Ministry data showed on Friday. Out of all the foreign visitors, 55 percent entered the country through Istanbul. Copyright Reuters, 2015 ...
Turkey police arrest man after bomb threat outside US consulate ISTANBUL: Turkish police on Friday arrested a man who threatened to set off a bomb outside the US consulate in Istanbul, local media reported.The suspect was not carrying any explosives, according to initial reports, the private Dogan news agency said.Police cordoned off the street outside the consulate after the detention of the suspect, who was described as "mentally instable," reports said.Istanbul remains on high security alert after a female suicide bomber blew herself up in ...
Ukrainian pilot could 'die within days' in Russian jail MOSCOW: A Ukrainian airforce pilot, who has been on hunger strike in a Russian prison for 77 days, "could die within days," a member of the Kremlin's human rights council said Friday.Nadia Savchenko, a 33-year-old helicopter navigator, who has been charged with involvement in the deaths of two Russian reporters in a mortar attack in east Ukraine, has been held in a Moscow jail for nearly nine months.Savchenko denies the charges and says she was ...
Swedish Q4 GDP beats expectations, dilemma for central bank STOCKHOLM: Sweden's economy grew at the fastest pace in more than three years in the fourth quarter, presenting the Riksbank with a conundrum of whether to cut rates further to battle deflation.The Swedish crown strengthened 5 ore to 9.35 crowns versus the euro on the news, an unwelcome rise for the central bank which hopes a weak currency will help raise prices.The economy grew 1.1 percent in the fourth quarter from the previous three month ...
German parliament approves Greek bailout extension BERLIN: Germany's parliament approved an extension of Greece's bailout on Friday after Finance Minister Wolfgang Schaeuble, who has voiced doubts about whether Athens can be trusted, promised it would not be allowed to "blackmail" its euro zone partners.With 542 lawmakers voting in favour, including almost all of Chancellor Angela Merkel's right-left coalition plus the opposition Greens, it was the biggest majority for any euro zone rescue package so far in the 631-seat chamber.The Bundestag vote ...
Russia to spend an extra 2.7trn roubles from Reserve Fund MOSCOW: Russia's government will ask parliament to allow the spending of 2.7 trillion roubles ($44.26 billion) from the budget's Reserve Fund in 2015, in addition to 500 billion roubles already envisaged in the budget, First Deputy Finance Minister Tatiana Nesterenko said on Friday.Earlier on Friday, Nesterenko said the ministry projected a budget deficit of 3.7 percent of gross domestic product this year - a large increase compared with a 0.6 percent deficit originally planned for ...


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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 $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln