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Russia says Ukraine gas talks preliminarily agreed for Sept. 26 MOSCOW: Russian Energy Minister Alexander Novak said Russia, Ukraine and the European Union had preliminarily agreed to hold new talks on resolving a gas-pricing dispute between Russia and Ukraine on Sept. 26, Russian news agencies reported on Friday. "We are preliminarily discussing three-party talks for Sept. 26," Novak told journalists in Sochi, Itar-Tass news agency reported. Novak said Russia, Ukraine and the European Union were happy with the date, according to Interfax. Copyright Reuters, 2014 ...

EU regulators preparing guidelines for ‘right to be forgotten’ complaints BRUSSELS: European regulators are working on guidelines for appeals from people whose requests to remove information from search results under their name have been turned down by search engines such as Google. The working group aims to bring some clarity to implementing a landmark court decision in May that gave Europeans the right for the first time to ask search engines to erase information about them from the web. The guidelines, which are expected to ...
Luxembourg opens art freeport to lure super-rich LUXEMBOURG: Private banking hub Luxembourg sought to lure more wealthy investors on Wednesday by opening a high-security centre designed to look like a jewel box, where collectors can store and trade valuables without paying customs or sales tax. Studded with stones and surrounded by walls and barbed wire, the Luxembourg Freeport has four bullion chambers guarded with 50cm-thick metal doors, and four other chilled rooms designed to hold 700,000 bottles of fine wine, said staff. ...
Zalando sets price range for IPO at 18-22.50 eur FRANKFURT: Zalando , Europe's biggest dedicated online fashion retailer, has set a price range for its initial public offering of 18.00 to 22.50 euros per share, it said on Wednesday, valuing the company at up to 5.6 billion euros (US$7.22 bln).The company said it aimed to raise between 507 million euros ($655.20 million) and 633 million euros in the offer, including over-allotment shares.The offering, which would represent about 11.3 percent of the company and value ...
Fashion royalty watches as Gucci takes fans on 70s trip MILAN: Gucci took an audience sprinkled with fashion royalty on a mind-expanding trip back to the early 1970s on Wednesday as the global style powerhouse unveiled its 2015 spring/summer womenswear collection.Skirts were cut above the knee, or shorter: always an encouraging sign if you believe the old maxim about global stock markets tending to rise in tandem with hemlines.Prints had a slight psychedelic edge to them and there was a bit of a nautical/pirate theme ...
Scottish support for independence rises to 49pc, Ipsos MORI poll EDINBURGH: Scottish support for independence has risen to 49 percent, an Ipsos MORI poll showed on the eve of a referendum that could break the United Kingdom apart. The Ipsos MORI poll showed support for Scotland staying in the United Kingdom on 51 percent, the STV news broadcaster said. Support for independence had risen 7 percentage points since a similar poll on Aug. 5 while support for the union had fallen by the same amount, ...
EU regulators to clear Britain's 19bn euro nuclear project: sources BRUSSELS: European Union state aid regulators are set to approve Britain's 19-billion-euro (24.63 billion US dollar) plan to build a nuclear plant with French utility EDF, people familiar with the matter said on Wednesday. The case is important for Britain, which wants to replace a fifth of its ageing nuclear power plants over the coming decade, and for France, which sees it as an important export contract. Other EU countries such as Germany, which is ...

 



 
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Banking Review 2013


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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln