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Turkey's new govt and PM ready by September 1: Deputy PM ISLAMABAD: Turkey's new government and prime minister will be in place by September 1, said Deputy Prime Minister and Government spokesman Bulent Arinc in a press briefing Monday following the last cabinet meeting chaired by outgoing Prime Minister and President-elect Recep Tayyip Erdogan.Foreign Minister Ahmet Davutoglu will become prime minister after Erdogan is sworn in as the 12th president of the Republic of Turkey on August 28, Arinc said, Anadolu News Agency Reported.Arinc suggested that at least a part of the cabinet would remain the same."A full resignation of the cabinet is out of the question," he said.Davutoglu will be the sole contender for the chairmanship of the ruling Justice and Development (AK) Party at an extraordinary congress on August 27 and will be designated as the prime minister if elected party chairman on August 29 by the new president.Copyright APP (Associated Press of Pakistan), 2014 ...

Hungary seeks EU alliance to push closer ties with Russia BUDAPEST: Hungary Prime Minister Viktor Orban on Monday said he would seek to form a political alliance to stop the European Union pulling away from Russia over the crisis in Ukraine. "The EU gets further away from Russia every day. That's not only bad for Hungary, but for the entire EU," Orban told Hungarian ambassadors in Budapest. "We will have to seek the company of those EU member states who are interested in slowing and ...
Experts probe launch failure for EU's satnav project PARIS: Experts are racing to identify and fix a problem that saw two satellites from Europe's troubled Galileo satnav programme sent into the wrong orbit.The pair were launched from Europe's space pad in Kourou, French Guiana, last Friday and were intended to be the first two fully operational satellites in the new-generation navigation system.Experts said it seemed unlikely the two misplaced satellites could be brought into the right orbit and used.Investigators from the European Space ...
Slovakia expects Ukraine to keep oil flow PRAGUE: Slovakia has sufficient oil, petrol and diesel reserves to last 210 days if supplies from Russia through Ukraine are halted, Prime Minister Robert Fico said on Monday, though he does not expect Kiev to interrupt deliveries.The Ukrainian parliament approved a law on Aug. 14 to impose sanctions on Russian companies and individuals supporting and financing separatist rebels in eastern Ukraine a law that could be used to block oil and gas flows.After a meeting ...
Ukraine president 'extremely concerned' about new Russia convoy plan KIEV: Ukrainian President Petro Poroshenko on Monday expressed his "extreme concern" about Moscow's plan to send a second aid convoy to the east and the alleged crossing of Ukraine's border by Russian armoured vehicles."Ukraine's head of state expressed his extreme concern about the breaching of Ukraine's border by Russian armoured vehicles and Russia's intention to send a so-called 'humanitarian' convoy again to Ukraine," Poroshenko's office said after a telephone conversation with EU Council President Herman ...
Chinese engineers kidnapped in Turkey: sources DIYARBAKIR: Suspected Kurdish militants have kidnapped three Chinese engineers in southeast Turkey near the border with Iraq and Syria, security sources said on Monday.The workers were seized from a shop in the border town of Silopi late on Sunday by suspected members of the Kurdistan Workers Party (PKK) who then went on to attack a power plant construction site where they worked, the sources said. There have been protests in recent months against the planned ...
New PM Cerar hints Slovenia might scale back privatisation drive LJUBLJANA: Slovenia's new prime minister hinted on Monday he might scale back the country's privatisation program once he forms a coalition with two parties opposed to large-scale sell-offs of state assets. Law professor and political novice Miro Cerar also told parliament he would work to strengthen the banking system, whose fragility brought the euro zone country to the verge of an international bailout last year. Parliament confirmed Cerar, 51, as the new prime minister by ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln