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Germany to make extra 6bn euros available for refugees BERLIN: Germany, which is currently opening its doors to a record number of refugees, will make an additional six billion euros ($6.7 billion) in public funds available next year to cover the cost of looking after them, the ruling coalition parties decided on Monday."The federal government will increase its 2016 budget by 3.0 billion euros to cope with the situation with refugees and asylum-seekers and the regional state governments and local authorities will make available a further 3.0 billion euros," the conservative CDU and Social Democrat SPD parties said in a joint statement issued after a late night meeting on Sunday. Germany is expecting to receive a record 800,000 asylum seekers this year. The government would seek to reach agreement with the regional states on exactly how the cash will be used by Septemmber 24, the statement added. "In these weeks and months, Germany is the destination for an unprecedented ...

Premature to talk about Russian military action against IS: Putin MOSCOW: Russian President Vladimir Putin said on Friday it was premature to talk about Russia taking part in military operations against the Islamic State group, as the US said it was checking reports of Russian troops in Syria.Asked whether Russia could take part in operations against IS, Putin said: "We are looking at various options but so far what you are talking about is not on the agenda.""To say we're ready to do this today ...
North Ireland government faces 'real threat': Cameron LONDON: British Prime Minister David Cameron on Thursday warned of a "real threat" to Northern Ireland's power-sharing government in a crisis triggered by fears over IRA activity and called urgent talks next week.Following talks with his Irish counterpart Enda Kenny, Cameron's office said in a statement that "urgent, intensive and focused cross party talks" would be held.Cameron and Kenny "agreed that the current situation in Northern Ireland is serious and without urgent progress there is ...
Romania PM says some postponed tax cuts may be brought forward BUCHAREST: Romania may bring forward some tax cuts that have been postponed until 2017 based on economic performance, leftist Prime Minister Victor Ponta said on Thursday. Earlier in the day, lawmakers approved a plan to cut value added tax by 4 percentage points to 20 percent from 2016. They postponed a further VAT cut as well as lowering levies on dividends and fuel and scrapping a tax on special buildings until 2017. "I am very ...
EU's Tusk warns of east-west divide on migrant crisis BRUSSELS: EU President Donald Tusk warned Thursday that divisions between western member states and their newer eastern partners were complicating efforts to solve the deepening migrant crisis."There is a divide ... between the east and the west of the EU. Some member states are thinking about containing the wave of migration, symbolised by the Hungarian (border) fence," Tusk said."Others want solidarity in advocating a so-called obligatory basis for quotas. The key challenge is to find ...
Eight dead in apartment fire in north Paris PARIS: A fire in an apartment building in the north of Paris early on Wednesday morning has killed eight people, including two children, according to police sources.The fire in the eighteenth arrondissement, the cause of which is unknown, broke out at around 4:30 am (0230 GMT) and took more than 100 firefighters to contain it. The eight victims included two who died after they attempted to escape through windows, according to police. A source close ...
Irish unemployment steady at 9.5pc at end-August DUBLIN: Ireland's unemployment rate was stable at 9.5 percent at the end of August, data from the central statistics office showed on Tuesday. Employment has grown strongly in Ireland since the jobless rate hit a high of 15.1 percent in early 2012 and revised data last week showed the rate fell to 9.5 percent in June after provisional figures suggested it had stalled at a higher level. Copyright Reuters, 2015 ...


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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