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Greek Exit from the Eurozone would a ‘catastrophe’- former Greek PM

Former Greek PM  George Papandreou said that a Greek exist from the Eurozone would be a “major catastrophe”. According to him, the Euro is keeping Greece stable. Leading the Eurozone would mean a bank run, higher inflation, deep wage cuts

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Kandahar Revenue for the 1st Quarter of Fiscal Year Crosses USD 4 million

Kandahar Mayor Mohammad Omar told a press conference on Saturday that the provincial municipality’s revenue had gone beyond USD 4 million during the 1st quarter of the current fiscal year. The Mayor said that the majority of the revenue came

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Mario Draghi: ECB ready to act if necessary

The European Central Bank (ECB) is willing to provide support to the Eurozone’s banking system if need be, its president Mario Draghi has said. Mr. Draghi said that while financial authorities are ready to act if necessary, it is on

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New court trial for obtaining Kabul Bank loans

Central Bank of the Afghanistan informed the public about the start of a court to attain unpaid loans of the New Kabul Bank. Nurullah Delawari President of the Central Bank of Afghanistan said at a news conference today that the

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Four Million Dollar Contract to Rebuild the “Kohsan” Canal in Herat

Ministry of Energy and Water signed the reconstruction project of Kohsan Canal situated in Herat with a private construction company on Wednesday. Mohammad Ismail Khan Minister of Energy and Water said to a press conference in Kabul that the reconstruction

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Hundreds of Farmers benefited from the Food Aid in Baghlan

Baghlan Agriculture and Livestock Institute in collaboration with U.S. special forces and GIZ organization distributed USD 30,000 and 256 packages of food and agricultural supplies to farmers whose wheat fields were hit hard by the recent floods in some districts

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First-ever Carpet-processing Factory opens in Herat

The carpet-processing factory, a US-funded project, was inaugurated on Saturday in the industrial park in Western Herat. The factory is a big help for Afghan carpet weavers who used to send their carpets to Pakistan for processing and washing. The

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