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Hungarians fume over revealing tobacco scandal BUDAPEST: When Hungarian Prime Minister Viktor Orban swept to power in 2010, one of the many things he promised was to clean up government and root out graft.But three years on, a shake-up of the sale of cigarettes, of all things, has turned into a scandal that has convinced many Hungarian voters that a culture of corruption remains very much alive.Originally, in 2012, the slashing of the number of outlets allowed to sell tobacco products from 42,000 -- including petrol stations and supermarkets -- to just 7,000 "National Tobacco Shops" run under a state monopoly was billed as a noble attempt to stub out teenage smoking.But when the list of winners, from a tender process, to own the licences for the new state shops was revealed in April, it emerged that many not only had no experience in the business but had close ties to the ruling right-wing party Fidesz. ...

Obama warns against 'losing' jobless generation BERLIN: US President Barack Obama said soaring youth unemployment called for a different tack to avoid "losing" a generation, after talks with German Chancellor Angela Merkel on Wednesday that touched on the eurozone crisis.Obama told a joint news conference with Merkel who with other European leaders is racing to tackle high youth unemployment in some EU countries that the goal of making the "lives of people better" must be kept in sight."All of us have ...
Russia wants other states to commit to nuclear cuts: Kremlin MOSCOW: Russia wants major new cuts in nuclear stockpiles to be proposed by US President Barack Obama on Wednesday to be expanded beyond Russia and the United States and include other nuclear armed states, a top Kremlin aide said."The process of cutting down nuclear potential should include other countries with nuclear weapons," Russian diplomats told Washington ahead of Obama's expected speech on the subject in Berlin, foreign policy aide Yury Ushakov said."The situation now is ...
Iraqi Kurds say new oil pipeline to Turkey to start soon LONDON: Iraqi Kurdistan will start a new oil pipeline to Turkey within months, its energy minister said, increasing the autonomous region's control over its resources in a dispute with Baghdad and raising its exports to world markets.In a move that will provoke Baghdad, the Kurdish regional government will complete the pipeline by the end of September with an initial capacity of 300,000 barrels per day (bpd), its energy minister, Ashti Hawrami, told a conference in ...
Thousands evacuated after blasts at Russian arms depot MOSCOW: More than six thousand people were evacuated overnight in central Russia after a series of massive explosions at an arms depot blew out windows and sparked a fire, the emergency situations ministry said Wednesday.The blasts began Tuesday night and continued for hours after being sparked by efforts to dispose of munitions at an arms depot close to the town of Chapayevsk in the Samara region around 1,000 kilometres (620 miles) from Moscow.The depot contained ...
Argentine high court rejects Kirchner bid for elected judges BUENOS AIRES: President Cristina Kirchner suffered a defeat on Tuesday after Argentina's Supreme Court tossed out a bid to select officials to the country's top judicial panel by popular vote."It is not valid to force judges, attorneys and academics to be selected by popular vote," the court said in part of its 67-page finding.Kirchner had hoped to change rules for how judges are put on the Judicial Council, which is in charge of naming and ...
Police arrest over 100 in swoop on Turkey protesters ISTANBUL: Turkish police detained dozens of people at their homes and raided two media offices on Tuesday in a coordinated operation across the country to clamp down on nearly three weeks of mass anti-government unrest, lawyers and local reports said.Officers raided the homes of around 90 members of the Socialist Party of the Oppressed (ESP), a small leftist group that has been active in Istanbul's Gezi Park protest at the centre of the nationwide protest ...


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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 $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
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