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Greek debt deal 'possible' but not before Easter: EU president MADRID: A new Greek bailout deal is possible before an end-April deadline but it will not come before Easter, EU president Donald Tusk said Tuesday.Experts from the IMF and the EU are scrutinising a list of economic reforms proposed by Athens in a bid to unlock another 7.2 billion euros ($7.8 billion) in loans to stave off possible bankruptcy and a euro exit.Greece says the reforms would help raise an extra three billion euros for government coffers without resorting to wage and pension cuts."The process of assessment of this plan is very complex and I don't foresee any breakthrough before Easter," Tusk said.Easter this year falls on Sunday, April 5. "I think that today we can say that the (economic) situation in Greece is under control," he said."I hope we will reach an agreement by the end of April, for me it is possible."Greece's Deputy Finance Minister Dimitris Mardas said ...

Russia's Lavrov to rejoin Iran talks, sees chance of success MOSCOW: Russian Foreign Minister Sergei Lavrov said he would rejoin talks on Iran's nuclear programme in Lausanne later on Tuesday and said there was a good chance of success."The chances are high. They are probably not 100 percent but you can never be 100 percent certain of anything. The odds are quite 'doable' if none of the parties raise the stakes at the last minute," Lavrov told a news conference in Moscow.Copyright Reuters, 2015 ...
Major power outage hits cities and provinces across Turkey ISTANBUL: A major power outage hit cities and provinces across Turkey on Tuesday, including the capital of Ankara and the biggest city, Istanbul, where parts of the subway system were shut down and shopping malls were plunged into darkness.Prime Minister Ahmet Davutoglu said all possible causes of the outage were being investigated and did not rule out sabotage, but said that trouble with transmission lines was the most likely reason for the problem."Our main target ...
Tsipras seeks 'honest compromise' as Greece wrangles with creditors ATHENS: Greek Prime Minister Alexis Tsipras said he wanted an "honest compromise" as the cash-strapped country wrangled with eurozone creditors over a new package of reforms needed to unlock vital bailout funds.Experts from the IMF and the EU are scrutinising a list of reforms that Athens has proposed in its bid to get the creditors to release 7.2-billion euros ($7.8-billion) in loans.Greece's government says the reforms would help raise an extra three billion euros for ...
Iran talks stretch into the night hours before deadline LAUSANNE: Marathon talks aimed at curtailing Iran's nuclear programme stretched into the night Monday as negotiators grappled with the remaining "tricky issues" blocking a deal with a deadline just hours away."There still remain some difficult issues," Kerry told a CNN reporter in his luxury lakeside hotel in the Swiss town of Lausanne. "We are working very hard to work those through. We are working late into the night and obviously into tomorrow."Global powers are racing ...
Greek PM says debt relief talks to start in June ATHENS: Greek Prime Minister Alexis Tsipras said on Monday that the country's euro zone lenders had agreed to start debt relief talks in June and reiterated that a third bailout would not be under discussion after the current programme expires. Copyright Reuters, 2015 ...
Kerry says working into the night on Iran deal on 'tricky issues' LAUSANNE: US Secretary of State John Kerry said Monday that he and his global counterparts would be working into the night to resolve "tricky issues" blocking a nuclear deal with Iran."There still remain some difficult issues. We are working very hard to work those through. We are working late into the night and obviously into tomorrow," Kerry told a CNN reporter in Lausanne, adding "everyone knows the meaning of tomorrow" when a deadline for the ...


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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 $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln