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Pope Francis pays hotel bill One of the first matters Pope Francis settled yesterday on his first day as pontiff,was to visit the Church-run residence where he was staying previously, and insist on settling the accounts himself. Going back to collect his luggage so that he could move it into his official dig, the 266th pope decided that since he’s now the Vatican role model, he should pay his expenses at the hotel Domus Internationalis Paulus VI from his own sacred pocket, even though he technically owns the place now! Jorge Bergoglio, known for helping the underprivileged in Buenos Aires, is the first to take the name of St. Francis of Assisi, thus signaling a compassionate bond between the Catholic Church and the poor. He is also the first pope in 1300 years who does not hail from Europe.Father Pawel Rytel-Andrianik, who resides in the boarding house where Bergoglio stayed, reportedly said Bergoglio used to ...

Lisbon given until 2015 to reach deficit target LISBON: Recession-plagued Portugal on Friday won an extra year from its creditors to bring down its public deficit in line with EU regulations, but faces record unemployment and mounting social discontent. Finance Minister Vitor Gaspar said Portugal, suffering its worst recession in 40 years, will now have until 2015 to bring the deficit below 3.0 percent of gross domestic product (GDP). "The new deficit limits are 5.5 percent of GDP in 2013, 4.0 percent in ...
Turkish unemployment rate rises to 10.1pc in Nov-Jan ISTANBUL: Turkey's unemployment rate rose to 10.1 percent in the November to January period, the Turkish Statistics Institute said on Friday, up from 9.8 percent in the same period a year earlier.Unemployment, measured on a three-month average, was at 9.4 percent in the October to December period.On a seasonally adjusted basis the unemployment rate stood at 9.6 percent in December.Copyright Reuters, 2013 ...
New pope urges Church to return to its Gospel roots VATICAN CITY: In his first public Mass, Pope Francis urged the Catholic Church on Thursday to stick to its Gospel roots and shun modern temptations, warning that it would become just another charitable group if it forgot its true mission.In a heartfelt, simple homily, the Argentinian pope laid out a clear moral path for the 1.2-billion-member Church, which is beset by scandals, intrigue and strife.Addressing cardinals in the frescoed Sistine Chapel the day after his ...
Paris, London will arm Syria rebels even without EU support: France PARIS: France and Britain are prepared to arm Syrian rebels even without unanimous EU support, French Foreign Minister Laurent Fabius said on Thursday.Paris and London will call for moving up the date of the next European Union meeting on the Syria arms embargo, and will decide to arm the rebels if the EU does not give unanimous agreement, he said.Copyright AFP (Agence France-Presse), 2013 ...
Obama hails WASHINGTON: US President Barack Obama offered "warm wishes" on behalf of the American people to newly elected Pope Francis I on Wednesday, hailing the Argentine as "the first pope from the Americas.""As a champion of the poor and the most vulnerable among us, he carries forth the message of love and compassion that has inspired the world for more than two thousand years, that in each other we see the face of God," he said.Argentina's ...
Croatia plans USD bond issue LONDON: The Republic of Croatia, rated Ba1/BB+/BBB-, has hired banks to arrange a series of fixed-income investor meetings ahead of a potential US dollar-denominated bond issue, according to market sources.The sovereign has hired Bank of America Merrill Lynch, Deutsche Bank, Goldman Sachs and JP Morgan to arrange the meetings, which will commence on March 18.A US dollar-denominated Eurobond issue may follow, subject to market conditions. Copyright Reuters, 2013 ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln