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Serbia strikes loan agreement with IMF BELGRADE: Serbia said on Thursday it had reached agreement with the International Monetary Fund on a new loan deal designed to reassure investors after months of uncertainty.Serbia has been seeking a precautionary loan deal to replace a previous arrangement frozen by the lender in early 2012 over broken spending promises.The IMF wrapped up two weeks of negotiations on Thursday and was due to hold a news conference at 2 p.m. (1300 GMT)."Today you will be informed that we have reached an agreement with the IMF," Serbian Prime Minister Aleksandar Vucic told reporters."That's big news for Serbia," he said.The dinar strengthened after weeks of sliding against the euro, hitting 119.83 at 10.10 a.m. (0910 GMT).IMF negotiations had focused on how to bring down Serbia's consolidated budget deficit - over 7 percent of national output - and cap public debt pushing 70 percent of output.Vucic's government has already cut some pensions and ...

Britain issue warning over hacked webcams LONDON: Hackers have accessed household webcams, baby monitors and CCTV cameras with footage appearing online on a website in Russia, Britain's privacy watchdog warned Thursday.The Information Commissioner's Office (ICO) said that hackers were taking advantage of devices without security protection and with weak passwords.Homes and businesses across the UK have been targeted, including a gym in Manchester, a house in Birmingham, and an office in Leicester."The website, which is based in Russia, accesses the information ...
Russian navy ships steam off after G20 in Australia SYDNEY: Four Russian navy ships that appeared off Australia's northern coast amid heightened tensions ahead of the G20 summit have now left, military officials said Thursday.The ships, including a guided missile cruiser, a destroyer, a tug boat and a refuelling vessel were detected last week in international waters ahead of the arrival in Brisbane of Russian President Vladimir Putin for the meeting of world leaders.Their appearance came after Prime Minister Tony Abbott threatened to "shirtfront" ...
Russia fights Western 'propaganda' as critical media squeezed MOSCOW: Russia has opened a television channel in Britain and launched a new foreign news service called Sputnik as it pulls out all the stops to promote its "alternative" voice abroad, while at home it cracks down on opposition media.At the lavish launch of Sputnik last week, its chief Dmitry Kiselyov, who has famously said Russia was the only country capable of turning the United States into "radioactive ash", said the new service aims to ...
UN calls for end to open defecation amid Ebola threat GENEVA: The UN called Wednesday for an end to defecation in the open, with fears growing that it has helped spread the deadly Ebola virus ravaging west Africa. Half the population of Liberia, the country worst hit by the epidemic, have no access to toilets, while in Sierra Leone nearly a third of people live without latrines, a new UN report to coincide with World Toilet Day estimated.Before it was declared Ebola-free last month, Nigeria ...
Financial markets brace for Swiss 'gold' referendum ZURICH: As Switzerland prepares to vote this month on whether to force the country's central bank to increase its gold reserves, economists warn a 'Yes' vote could wreak havoc in financial markets.The initiative "Save Switzerland's gold", which will be put to a popular referendum vote on November 30, would oblige the Swiss National Bank (SNB) to boost its gold reserves to at least 20 percent of its holdings, nearly three times more than the current ...
German FM jets to Kiev, Moscow in bid to revive Ukraine peace plan KIEV: Germany's foreign minister jetted to Kiev and Moscow Tuesday in a bid to revive a failing peace plan in east Ukraine, as deadly fighting pushed EU-Russia relations to breaking point.Berlin's top diplomat Frank-Walter Steinmeier was set to hold key talks with Ukraine's pro-Western leaders before heading to Moscow for a crunch sit-down with his Russian counterpart Sergei Lavrov. On the ground, Ukraine's military said fresh clashes over the past 24 hours between government forces ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln