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Economic agreements between Portugal and Russia
Set up of credit line to support trade between the two countries
The Governments of Portugal and Russia will sign several economic agreements today involving the financial sector, shipping and railway... |
| Lisboa, 26.10.2007 |
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IMF: Slovak euro bid to signal CEE treatment
VIENNA (Reuters) - The fate of Slovakia's euro bid will signal to the other euro zone hopefuls what treatment they can expect when applying to join the single currency area, a senior International Monetary... |
| Wienna, 21.10.2007 |
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Mid Europa readies region's largest buyout fund
By Jeffrey Goldfarb and Alexander Smith
VIENNA (Reuters) - Private equity firm Mid Europa Partners is set to close a 1.5 billion euro ($2.1 billion) fund, ahead of its original goal and by far the largest... |
| Wienna, 18.10.2007 |
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Supervisory and Managing Board Nominations and Responsibilities
ABN AMRO, Fortis, RBS and Santander announce today the nominations for the new structure and membership of the Supervisory and Managing Boards of ABN AMRO, together with their proposed responsibilities. These... |
| London, 10.10.2007 |
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Pinochet family arrested
Oct. 5 - Chilean authorities arrest members of Pinochet family for embezzlement of public funds.
The widow and five children of late Chilean dictator Augusto Pinochet were arrested as part of an... |
| Santiago de Chile, 05.10.2007 |
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Was it ECB President Trichet's Intention to Help the Euro?
The European Central Bank left interest rates unchanged at 4 percent. Although the Euro initially sold off on the back of this announcement, it recovered quickly following ECB President Trichet?s press... |
| Thursday October 4, 5:32 pm ET, 05.10.2007 |
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Peru's Fujimori to be sent home to face charges
By Monica Vargas
SANTIAGO (Reuters) - Former Peruvian President Alberto Fujimori was due to set foot in Peru for the first time in seven years on Saturday after being extradited from Chile to face charges... |
| Santiago de Chile, 22.09.2007 |
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Mr. J. Kubiš received Ambassador of USA
The Minister of Foreign Affairs of the Slovak Republic Mr. Ján Kubiš received today the Ambassador of the United States to the Slovak Republic Mr. Rodolphe Vallee. The main purpose of the meeting was to... |
| Bratislava, 18.09.2007 |
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Official visit to Algeria
Minister of Foreign Affairs of the Slovak Republic Mr. Ján Kubiš will pay an official visit to the Democratic People´s Republic of Algeria from 13th to 14th of July 2007. During the visit he will have a... |
| Bratislava, 13.07.2007 |
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Lula says Brazil to spend 500 million U.S. dollars on nuclear
Lula calls for conclusion of world trade talks
Brazilian President Luiz Inacio da Silva announced on Tuesday that his government will relaunch its mothballed nuclear program, including building a nuclear... |
| Sao Paulo, 11.07.2007 |
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![Foto : Ilustration
Augusto José Ramón Pinochet Ugarte[1] (November 25, 1915 – December 10, 2006) was President of Chile as a military dictator [2] from 1974 to 1990, and head of the military junta from 1973 to 1974. His rule instituted broad economic reforms and a severe and highly controversial campaign against leftist political parties, including repression of civilian population.
On September 11, 1973, Pinochet, recently appointed Commander-in-Chief of the Chilean Army, headed a coup d'état against Socialist President Salvador Allende and established a military government. Pinochet implemented a series of military operations in which (according to the 1993 Rettig Report) approximately 3,000 people are known to have been killed [3], while (according to the 2004 Valech Report) 27,000 were incarcerated without trials and subjected to torture [4]. Thousands more fled in exile, in particular in Argentina, as political refugees; however, they were followed in their exile by the DINA secret police, in the frame of Operation Condor which linked South American dictatorships together against political opponents. Pinochet was famous for saying](/foto//f_00703_m.jpg)
![Prior to independence in 1962 Algeria's economy had been dominated by agriculture for a millennium and was known as 'the breadbasket of the Roman empire'. However, with rising oil revenues throughout the 1960s and 1970s, the government embarked on a major programme of industrialization which has transformed the economy, making Algeria one of the wealthiest nations in Africa. Fuelled by oil revenues, Algeria's economy grew dramatically throughout this period.
Declining oil prices during the 1980s drastically reduced economic growth of the now oil-dependent country. Annual per capita income fell from $2,360 in 1988 to $1,541 in 1992. As a socialist country, Algeria's entire oil industry is controlled by the state.
Although agriculture no longer dominates the economy it remains an important sector. During the first half of the 1990s the national budget registered expenditures of $14.6 billion as against revenues of $14.4 billion annually.
Accounting for roughly 52% of budget revenues, the hydrocarbons sector is the backbone of the economy (25% of gross domestic product [GDP] and over 95% of export earnings. Algeria has the fifth-largest reserves of natural gas in the world and is the second largest gas exporter. Regarding oil reserves, Algeria ranks fourteenth in the world. Algiers' efforts to reform its centrally planned economy stalled by the political turmoil erupted in the early nineties. Some progress on economic reform and oil and gas sector expansion contributed to a recovery in growth since 1995. Still, the economy remains heavily dependent on volatile oil and gas revenues. The government continued its efforts to diversify the economy by attracting foreign and domestic investment outside the energy sector, but unemployment and improving living standards have not successfully dealt with.
www.arab.net](/foto//f_00648_m.jpg)
