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Greece in final stretch of troubled loan talks ATHENS: Greece on Monday entered the final stretch of tortuous talks with its international creditors on a bankruptcy-saving loan deal, with the government calling for a breakthrough by the end of the month."A deal is required immediately, this is why we are talking about the end of May, to resolve these critical liquidity issues," government spokesman Gabriel Sakellaridis told reporters.Greece's new radical Syriza-led government and its EU-IMF creditors have been stuck in a deadlock for four months over the reforms needed to release a final 7.2 billion euros ($8.2 billion) in bailout funds.European economic affairs chief Pierre Moscovici lamented that the Greek anti-austerity government seemed more interested in ditching promised reforms than in making proposals of its own."They are more eager to say what they don't want to keep in the programme than to propose alternatives," Moscovici told a news conference in Berlin, while insisting that "some progress" had been ...

IMF sees Belarus's GDP falling 2.25pc in 2015 KIEV: The Belarussian economy is likely to contract by 2.25 percent in 2015 and will remain under pressure from an economic downturn in neighbouring Russia, the International Monetary Fund said on Monday.The former Soviet republic's economy has been battered by a plunge in the Russian rouble and the conflict in Ukraine.In March the finance ministry said it would ask the IMF for a new financing package. "The outlook is for a recession and continued external ...
Thai economy grows a sluggish 0.3pc in Q1 BANGKOK: Thailand's economy expanded 0.3 percent on-quarter in January-March, official data showed Monday, highlighting the task ahead for the military junta that seized power in a coup last year vowing to kickstart growth after months of political instability.And in another blow to the country's year-old government the National Economic and Social Development Board (NESB) lowered its growth forecast for this year. Year-on-year first quarter growth came in at three percent, the NESB said.But Krystal Tan, ...
Sudan inflation up to 24.3pc in April: statistics agency KHARTOUM: Sudan's inflation rate climbed to 24.3 percent in April from 23.2 percent in March, the Central Statistics Office said on Sunday, marking the second consecutive month that inflation has edged up after broadly easing since the summer.Prices soared in Sudan after South Sudan seceded in 2011, taking with it three-quarters of the country's oil output, the main source of foreign currency used to support the Sudanese pound and to pay for food and other ...
Russian Q1 economic contraction less than feared at 1.9pc MOSCOW: Russia's economy shrank 1.9 percent in the first quarter under pressure from low oil prices and Western sanctions, the state statistics agency said Friday, a smaller contraction than had been feared.Russian Prime Minister Dmitry Medvedev last month estimated that the economy had shrunk by two percent year-on-year in the first quarter while Economy Minister Alexei Ulyukayev projected the contraction had reached 2.2 percent.Many economists had released even more pessimistic forecasts.Citing preliminary data, the state ...
Peru economy grew 2.68pc in March, faster than expected LIMA: Peru's economy grew by a faster-than-expected 2.68 pct in March from the same month a year ago, the strongest monthly expansion in eleven months, the state statistics agency Inei said on Friday. The economy grew 1.73 percent in the first quarter from the same period in 2014, Inei said. Copyright Reuters, 2015 ...
Ukraine GDP plunges 17.6pc in first quarter of 2015 KIEV: The Ukraine economy shrunk 17.6 percent in the first quarter of 2015 compared to the same period last year, sapped by continuing violence in its eastern industrial heartland, the national statistics agency said Friday.The fall in Q1 GDP was 6.5 percent compared to the final quarter of 2014, Ukraine's state statistics service said. The plunge followed recent forecasts by international organisations predicting Ukraine's economy would decline even faster than expected as the continuing conflict ...


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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln