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German Chancellor, Greek PM agree to stay in touch to reach debt deal ATHENS: Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel agreed in a phone conversation on Sunday to maintain contact during talks between Athens and its lenders to reach a debt deal, a Greek government official said."During their communication, they expressed their common will for a steady communication throughout the course of negotiations in order to have a mutually beneficial solution soon," said the official, who declined to be named.Shut out of international markets and locked in talks with its European Union and International Monetary Fund creditors over its proposed reform-for-cash deal, Greece risks running out of cash within weeks.But during a regular meeting at the Latvian capital of Riga on Friday, euro zone finance ministers warned its government that it would get no fresh aid until it agreed to a complete economic reform plan.The official said that the technical teams from Greece and its creditors -- the so-called ...

Putin says 'no regrets' on Crimea MOSCOW: Russian President Vladimir Putin said in an interview broadcast Sunday that he had no regrets over Moscow's 2014 annexation of Crimea and that it was righting a historical injustice."I think we did the right thing and I don't regret a thing," Putin said of his decision to take back the Black Sea peninsula from Ukraine, interviewed in a state television documentary."When we defend our (interests), we go to the end," Putin said."If people want ...
Putin says can picture leaving Kremlin for 'ordinary flat' MOSCOW: Russian President Vladimir Putin said he can "completely imagine" leaving the Kremlin for a more modest abode and does not consider himself a member of his country's elite."If someone can return to an ordinary flat and live there instead of in palace interiors, I think he has not lost contact with the outside world," Putin said in an interview broadcast Sunday on state television. "I can completely imagine life outside this position."In the interview ...
Turkish Cypriots vote in poll that could speed peace talks NICOSIA: Voters in the breakaway Turkish Republic of Northern Cyprus went to the polls on Sunday to choose a new leader in an election runoff that could speed UN-brokered reunification talks.Polls were due to close at 6 pm (1500 GMT) with unofficial results expected two hours later.Nationalist incumbent Dervis Eroglu won the most votes in a first round last weekend but is expected to be trumped by reconciliationist challenger Mustafa Akinci after some three-quarters of ...
Oil from Russian trawler wreck reaches Canaries' beaches MADRID: Oil from the wreck of a Russian trawler that sank off the Canary Islands last week has washed up on the beaches of the picturesque tourist islands, Spain said on Friday."On Thursday and the morning (of Friday), 200 cubic meters (7,000 cubic feet) of sea water with oil residues were recovered. On the beaches, 200 kilograms (440 pounds) of oil have been removed," the government said in a statement.Specialists are ready to intervene if ...
Spain's Naturhouse rises 3.75 percent in stock market debut MADRID: Spanish health and diet products maker Naturhouse debuted on the stock market up 3.75 percent at around 5 euros ($5) per share on Friday, the latest in a series flotations in the country.The company, which operates in more than twenty countries and relies on a franchise model, had fixed the listing of 25 percent of its capital at 4.8 euros per share. Spain ranked second worldwide in value of initial public offerings (IPO) in ...
UK Labour leader Miliband vows to end 'isolationism' on EU LONDON: British Labour party leader Ed Miliband is to vow to end the country's "small-minded isolationist" attitude to Europe if he becomes prime minister after an election in two weeks' time.In a Friday speech, the left-leaning party leader is to accuse Conservative Prime Minister David Cameron of risking Britain's national interests by giving in to eurosceptics, according to pre-released remarks."David Cameron has presided over the biggest loss of influence for our country in a generation," ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln