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Greece says talks with lenders are continuing positively ATHENS: Greece sounded an upbeat tone on Sunday over talks with its European and IMF creditors, which it said were continuing through the weekend as the cash-strapped country races to agree on reforms that will unlock more aid.The euro zone member will run out of money by April 20, a source familiar with the matter told Reuters on Tuesday, if it does not secure funding from its European partners.In February, Athens agreed an extension to its 240 billion euro ($261 billion) international bailout but with the money frozen until a set of reforms are decided upon."Today the Brussels Group discussions continue in a good climate of cooperation," a Greek government official said, referring to the country's European Union and International Monetary Fund creditors."We have agreed that we need to draw up suitable policies which will shift the burden from those on the lowest incomes to those on the highest."The leftist ...

French local election runoff tests far-right strength PARIS: Voting started in France on Sunday to elect thousands of local councillors in a test of the far-right National Front's growing hold on grassroots politics.Marine Le Pen's anti-immigrant, anti-euro FN party is banking on building a base of locally elected officials to become more mainstream and target national ballots.While it came second in the election run-up last week, in a setback to its claims that it has become the country's first party, the FN ...
German foreign minister says Iran talks in 'endgame' LAUSANNE: German Foreign Minister Frank-Walter Steinmeier on Saturday joined nuclear talks with Iran in Switzerland, saying the negotiations were in the "endgame". "After 10 or almost 12 years of talks with Iran, the endgame of the lengthy talks, so to speak, is beginning here," Steinmeier told reporters before joining his US, French and Iranian counterparts in Lausanne ahead of a Tuesday deadline to agree the outlines of a deal."And here, with a view of the ...
Turkey PM denies rift with Erdogan and calls for presidential system ISTANBUL: Turkey should adopt a presidential system, the country's Prime Minister has declared, refuting claims that he and President Recep Tayyip Erdogan were at loggerheads over the idea. The statement comes after a major rift between Erdogan and the ruling Justice and Development Party (AKP) in the run up to the June 7 parliamentary election where the AKP will seek to change the constitution to give Erdogan's office more executive powers. "If the president was ...
France's foreign minister joins Iran talks LAUSANNE: Hawkish French Foreign Minister Laurent Fabius arrived on Saturday at nuclear talks with Iran in Switzerland saying he wants to achieve a "robust" deal."I am coming here with the desire to move towards a robust agreement," Fabius told reporters in Lausanne. "We have made progress on certain issues but not enough on others."He said he was "insisting" that any deal included mechanisms to ensure that the Islamic republic, which denies wanting nuclear weapons, complies ...
Soyuz spacecraft docks at ISS for year-long mission BAIKONUR: A Russian Soyuz spacecraft with three crew on board successfully docked at the International Space Station on Saturday after blasting off from Kazakhstan, NASA said, launching a year-long mission on the orbiting outpost.The Soyuz-TMA16M spacecraft's crew included a US astronaut and a Russian cosmonaut who will be the first to spend an entire year on the ISS.The successful docking occurred after the Soyuz took off without a glitch from the Baikonur cosmodrome in Kazakhstan ...
Germanwings crash co-pilot hid illness from airline DUESSELDORF: The Germanwings co-pilot who crashed his Airbus into the French Alps, killing all 150 aboard, hid a serious illness from the airline, prosecutors said Friday amid reports he was severely depressed.The black box voice recorder indicates that Andreas Lubitz, 27, locked his captain out of the cockpit on Tuesday and deliberately flew Flight 4U 9525 into a mountainside, French officials say, in what appears to have been a case of suicide and mass killing.French ...


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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 $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln