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Poroshenko asks for 'defensive weapons' against rebels BERLIN: Ukrainian President Petro Poroshenko stressed Monday his wish for "defence weapons" from Western allies to help in the conflict against pro-Russian separatists.Ukraine needed support "not just with words", he said in an interview with Germany's conservative Die Welt daily, mentioning the need for defensive weapons."We are not just defending our country, we are defending freedom and democracy," Poroshenko said."We are fighting with 20th century weapons against weapons from the 21st century. And Russia's military budget is 30 to 45 times as big as ours."Kiev and the West accuse Russia of sending regular troops and weapons to aid separatists in the east, where nearly 8,000 people have died in the conflict since April 2014. Moscow has always denied involvement.Kiev's goal was to build up a working military deterrence, said Poroshenko.Germany and other countries have rejected weapons shipments, fearing it would escalate the fighting.In the conflict zone, a total ceasefire was ...

Glencore to keep most staff at DR Congo mine despite suspending production ZURICH: Swiss mining giant Glencore, which announced last week drastic moves to cut its debt as the slump in commodities prices bites, said Monday it would keep 80 percent of staff on at a DR Congo mine despite suspending production there..Glencore said its Katanga mine, where copper and cobalt production has been halted for 18 months, would nevertheless receive $880 million (777 million euros) in investments that will help reduce costs."Katanga will retain 80 percent ...
Poland agrees military cooperation with non-NATO Sweden WARSAW: NATO member Poland on Monday signed a deal on military cooperation with non-member Sweden amid concerns raised by increased Russian military activity in the Baltic. "Once a sea of peace, the Baltic has become a sea of danger," Polish Defence Minister Tomasz Siemoniak told reporters at a joint press conference in Warsaw with Swedish counterpart Peter Hultqvist.Hultqvist said the increased presence of Russian warships and warplanes in the Baltic Sea had prompted Stockholm to ...
EU agrees bigger migrant relocation, but details unclear BRUSSELS: EU interior ministers are set to agree to relocate a further 120,000 asylum-seekers around the bloc but leave details of the scheme open to discussion, according to draft conclusions of a meeting about to start on Monday. As well as adopting into law an earlier scheme to relocate 40,000 asylum-seekers from Italy and Greece, the ministerial council would, if the draft seen by Reuters is approved later in the day, accept in principle a ...
Russia votes in local polls as opposition marginalised MOSCOW: Russians voted in local elections on Sunday expected to confirm the ruling party's dominance despite a dogged campaign by the opposition led by Kremlin critic Alexei Navalny.Polls opened in far eastern Russia at 11 pm Moscow time (2000 GMT Saturday), with more than 59 million Russians eligible to participate across the country."In Russia, the single day of voting has begun. The first polling stations to open were in (far eastern) Kamchatka and the Chukotka ...
Greece's Syriza, rivals neck-and-neck in poll run up: surveys ATHENS: Elections in Greece next weekend will be a cliffhanger with the radical leftists of ex-premier Alexis Tsipras having a razor-thin lead over New Democracy conservatives, new poll surveys showed Sunday.Greeks go to the ballot for the fifth time in six years next Sunday as Tsipras seeks a fresh mandate to push through huge reform commitments made under the new 86-billion-euro ($96-billion) bailout.Four polls published a week ahead of the vote showed Syriza leading by ...
Germany's Merkel sees need to cooperate with Russia on Syria BERLIN: Germany and other western European powers need to work with Russia as well as the United States to solve the crisis in Syria, German Chancellor Angela Merkel said on Saturday.She was speaking before a meeting of the German, Russian, French and Ukrainian foreign ministers being held in Berlin on Saturday evening to discuss the Ukraine crisis, although the four are also expected to touch on Syria.German Foreign Minister Frank-Walter Steinmeier and Russian Foreign Minister ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln