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Russian Finance Ministry ups 2015 budget deficit forecast to 3.8pc/GDP MOSCOW: Russia's Finance Ministry has increased its forecast for the country's 2015 budget deficit to 3.8 percent of gross domestic product, a document seen by Reuters showed.The document also showed that the ministry sees the average rouble exchange rate at 61.5 roubles per dollar for 2015, in line with Economy Ministry forecasts.On Friday, the Finance Ministry said it projected a budget deficit of 3.7 percent of GDP this year - a large increase compared with the 0.6 percent deficit originally planned for 2015.Copyright Reuters, 2015 ...

More than 6,000 killed in 'merciless devastation' in Ukraine: UN GENEVA: More than 6,000 people have been killed since violence erupted in Ukraine last April, the UN rights chief said Monday, decrying a "merciless devastation of civilian lives and infrastructure."The UN's ninth report on the situation in violence-wracked Ukraine paints a bleak picture of developments in the country and warns there has been a "serious escalation" of the conflict since the beginning of the year."More than 6,000 lives have now been lost in less than ...
Tens of thousands march for slain Russian opposition leader Nemtsov MOSCOW: Tens of thousands of people marched in central Moscow Sunday to honour the memory of opposition leader Boris Nemtsov, who was gunned down near the Kremlin in the highest-profile assassination of Vladimir Putin's rule.A sea of grim-faced supporters, holding Russian flags and Nemtsov portraits, marched in the drizzle from a packed Moscow square to the bridge over the Moskva where the 55-year-old was shot in the back shortly before midnight Friday.In what appeared to ...
Ukraine's frontlines calm ahead of gas talks KIEV: Ukraine's frontlines were relatively calm on Sunday ahead of high-level EU-mediated gas talks between Kiev and Moscow, as journalists mourned the killing by mortar fire of a Ukrainian photographer.Kiev's security officials said there was no fire after midnight on Ukraine's positions and no Ukrainian soldiers had been killed over the past 24 hours. Security spokesman Andriy Lysenko, however, said that eight soldiers were injured after rebels shot at Kiev's positions late Saturday, including from ...
Ukraine lawmaker says detained by police before Moscow march MOSCOW: A Ukrainian lawmaker said Sunday he was detained by Russian police ahead of a Moscow march to honour opposition leader Boris Nemtsov, who was gunned down near the Kremlin."Police have detained me," Alexei Goncharenko wrote on Facebook. "I did not shout anything, did not carry any banners or flags -- they simply detained me over the T-shirt."According to a picture posted on Facebook, Goncharenko's T-shirt carried a printed picture of Nemtsov and said in ...
Pope Francis prays for teenager killed in Venezuela protest ROME: Pope Francis called on Sunday for an end to political violence in Venezuela and said he would pray for a teenager killed during an anti-government demonstration last week. Protests against the government of President Nicolas Maduro turned violent in the city of San Cristobal where 14-year-old Kluibert Roa was shot dead. A 23-year-old policeman has been detained and charged over the killing. In his weekly Angelus address in Saint Peter's Square, Francis, the first ...
Ireland looks forward to dairy boom once EU quotas go DUBLIN: Four weeks from the lifting of European Union milk quotas, Ireland is looking forward to a radical shake-up of its farming sector that would boost dairy output by 50 percent over the next five years.Exporters are aiming to expand sales of Irish milk and cheese in a boom that would make Ireland the fastest-growing dairy producer in the world."Good riddance is what I'll say about the quotas," said Mike Magan, a dairy farmer in ...


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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 $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln