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Italy rescues 4,000 immigrants ROME: Italy has rescued about 4,000 immigrants trying to cross the Mediterranean by boats to reach its shores in the past two days, Interior Minister Angelino Alfano said Wednesday, calling the crisis "increasingly glaring"."The landings are non-stop and the emergency is increasingly glaring. Right now two merchant ships are rescuing two boats with 300 and 361 people aboard. It appears there's at least one corpse on board," he told public radio Rai Uno, estimating the number of rescued migrants so far this year at 15,000.Copyright AFP (Agence France-Presse), 2014 ...

Conservative Merkel ally criticises German foreign minister over Russia BERLIN: A senior Christian Democrat criticised German Foreign Minister Frank-Walter Steinmeier's stance on Ukraine and Russia in a signal of a possible rift appearing within Chancellor Angela Merkel's right-left coalition over relations with Moscow.Conservative leader Merkel and Steinmeier, who is a senior member of the Social Democrats (SPD), have been at pains to stress how closely they are co-ordinating on policy since the Ukraine crisis began, despite the traditionally warmer ties to Moscow maintained by ...
Italy to keep fiscal commitments to push for rules change in EU ROME: Italy will keep to fiscal limits set by the European Union in order to be in a stronger position to push for them to be changed, said on Tuesday."Do we want to stick to the figures in order to change European rules? Yes, in a certain sense that is true," Padoan told reporters.New Prime Minister Matteo Renzi has described an EU budget deficit limit of 3 percent of economic output as outdated, and ...
Merkel ally criticises German foreign minister over Russia BERLIN: A senior Christian Democrat criticised German Foreign Minister Frank-Walter Steinmeier's stance on Ukraine and Russia in a signal of a possible rift appearing within Chancellor Angela Merkel's right-left coalition over relations with Moscow.Conservative leader Merkel and Steinmeier, who is a senior member of the Social Democrats (SPD), have been at pains to stress how closely they are co-ordinating on policy since the Ukraine crisis began, despite the traditionally warmer ties to Moscow maintained by ...
Ukraine crisis threatens German balanced budget: Schaeuble BERLIN: German Finance Minister Wolfgang Schaeuble warned Tuesday that turmoil in Ukraine could threaten Berlin's bid to produce a balanced budget next year.Schaeuble said he "cannot give a guarantee" that Germany would not spend more than its revenue intake in its budget next year, as he forecasted in March."No one knows, for example, how things will go in Ukraine," he told the daily Bild.But "the odds are good" for a balanced budget "and we will ...
Germany's Schaeuble says Europe should stick to its rules BERLIN: German Finance Minister Wolfgang Schaeuble said on Tuesday that European countries should stick to the rules that they have come up with themselves. "We don't want to be model students but we think it's not bad when countries in Europe stick to the rules that they have set themselves," he told the German Bundestag lower house of parliament. Schaeuble's French counterpart Michel Sapin has hinted that Paris may want more time to meet EU ...
Europe auctions 1.9mn spot carbon permits at 5.03 eur/t LONDON: The European Union sold 1.9 million spot EU carbon permits on EEX at 5.03 euros per tonne each on Tuesday, a trader said. The sale attracted bids for 19 million units. The benchmark EU carbon futures contract was up five cents at 5.08 euros a tonne just before the auction closed at 0900 GMT. Copyright Reuters, 2014 ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln