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Slovakia's unemployment rate hits six-year low BRATISLAVA: Slovakia's unemployment rate dipped to a six-year low of 11.48 percent in May thanks to an upswing in seasonal work, the government reported Monday. "May is when seasonal work is in full swing and unemployment is down," Slovak social affairs minister Jan Richter told the press. However the unemployment rate could climb up again when June graduates arrive on the labour market, he warned.The number of registered unemployed dropped by nearly 5,600 over the month and around 36,000 over the year to stand at 309,523 at the end of May.The country of 5.4 million has been part of the eurozone since 2009, and the EU since 2004. Its economy has grown steadily, with numerous car assembly factories opening in the country, but unemployment has remained stubbornly high.Copyright AFP (Agence France-Presse), 2015 ...

Greece deal urged as new proposals offered ahead of debt summit BRUSSELS: Greece's new proposals to European leaders ahead of a crunch summit Monday offered a ray of hope that a deal to end the country's debt crisis can be struck after five months of deadlock.It is not clear what concessions have been offered by either side, but Greek premier Alexis Tsipras detailed what his office called a "mutually beneficial deal" in a phone call with German Chancellor Angela Merkel, French President Francois Hollande and European ...
Algeria Jan-April grain imports up 1 million tonnes: customs data ALGIERS: Algeria's grain imports were up by 1 million tonnes in the first four months of 2015 from a year earlier, due mainly to much higher purchases of soft wheat following a poor domestic harvest in 2014, official data showed on Sunday.Imports reached 4.85 million tonnes, up from 3.84 million tonnes in January-April 2014, according to customs figures.Soft wheat purchases were up at 2.12 million tonnes from 1.83 million tonnes for the first four months ...
Europe, IMF await new Greek concessions ATHENS: Negotiations are expected to resume this weekend between Greece and its EU-IMF creditors seeking a deal on bailout funding for Athens, ahead of a crucial summit of eurozone leaders to avert a Greek default and likely euro exit.European Union heads have called on Greece's leftist government to present new reform and budget proposals, with Greek minister of state Alekos Flambouraris saying Saturday Athens could propose re-worked measures.Speaking to television channel Mega, Flambouraris said several ...
Strong income tax growth pushes UK borrowing to 8-year low LONDON: Strong income tax receipts pushed British government borrowing to its lowest May reading since 2007, adding to signs that revenue growth could play a major role in debt-reduction plans being drafted by finance minister George Osborne. The budget deficit fell to 10.1 billion pounds ($16.05 billion) from 12.4 billion pounds a year earlier, a smaller gap than economists had forecast. After an unexpected outright election victory last month for the Conservative party to which ...
China to provide 149.4bn yuan in housing regeneration subsidies in 2015 BEIJING: China will provide 149.4 billion yuan ($24.1 billion) in subsidies for renovating dilapidated urban houses in 2015, Vice Minister of Housing and Urban-rural Development Wang Ning said on Friday.China will step up "effective investment" in key sectors, including shantytown renovation and rural power infrastructure, to support growth, the cabinet said earlier this week.The government will implement a three-year plan to renovate 18 million dilapidated urban houses and 10.6 million dilapidated rural houses.Wang told a ...
Next step has to come from Greece: Eurogroup's Dijsselbloem LUXEMBOURG: Greece must make the next move towards reaching a debt deal with its EU-IMF creditors but there is little chance of an agreement at a meeting of eurozone finance ministers Thursday, Eurogroup chief Jeroen Dijsselbloem said."Now the next step to make the deal credible, also financially sustainable, will have to come from the Greek side," Dijsselbloem, the Dutch finance minister, told reporters as he arrived for the talks in Luxembourg. "Too little progress has ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln