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Europe News Eastern Europe

  • *G7 leaders hold two days of talks in Sicily. TAORMINA, Italy, May 26- Leaders from the world's major industrialised nations failed to persuade U.S. President Donald Trump to back a landmark climate deal at a G7 summit in Sicily on Friday after hours of talks that were described by Germany's leader as "controversial".

  • BRATISLAVA, May 26- A top European Commission official said on Friday European Union members would be asked within days to give the bloc's executive a mandate to negotiate with Russia over the Nord Stream 2 gas pipeline, which has bitterly divided the bloc. The planned 9.5 billion euro pipeline project has led to a split between Eastern European and Baltic Sea...

  • LONDON, May 26- Russia demanded on Friday that Ukraine should pay $325 million now while awaiting the outcome of a legal dispute over $3 billion lent by Moscow to Kiev in 2013.. Judge William Blair deferred his ruling, which will also include a decision on the rate of interest and the legal costs to be paid by Ukraine. Moscow wants the bond to be repaid in full but...

  • LONDON, May 26- Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. The ECB meets on June 8 amid a growing clamour to begin "normalising" monetary policy. A major determinant of the policy path Mario Draghi outlines that day will be next week's euro zone inflation figures.

  • LONDON, May 26- Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. The ECB meets on June 8 amid a growing clamor to begin "normalizing" monetary policy. A major determinant of the policy path Mario Draghi outlines that day will be next week's euro zone inflation figures.

  • MOSCOW, May 26- Russia's biggest bank Sberbank will provide no new financing for indebted food and retail company Agrokor until the lender has reached an understanding with the Croatian government, Sberbank's chief executive said on Friday. Sberbank CEO German Gref said cooperation with the Croatian government had so far been "not simple."

  • BUCHAREST, Romania— A French designer has shown his humanoid DIY robot to the public for the first time. The life-size plastic model responded to English-language commands Friday, picking up and dropping a small ball and swiveling its head to follow people. Designer Gael Langevin unveiled the robot at a technology fair in Romania this week.

  • MOSCOW, May 26- The chief executive of Russian bank Sberbank said on Friday that cooperation with the Croatian government over heavily indebted food producer Agrokor was "not simple." German Gref told reporters in Moscow that Sberbank, a major creditor to Agrokor, was not yet ready to talk about new financing for Agrokor until it had reached an agreement with the...

  • ANKARA, May 26- In a bid to resolve a trade row with Russia, Turkey has proposed Moscow lifts its ban on imported Turkish tomatoes during periods when Russian growers are unable to produce their own. "We understand Russia would like to develop its domestic production but they are in a position to continue trading with Turkey while doing that," a senior Turkish...

  • TAORMINA, Italy, May 26- Leaders from the world's major industrialised nations began talks on Friday at a G7 summit in Sicily which is expected to expose deep divisions with U.S. The two-day summit, at a cliff-top hotel overlooking the Mediterranean, began a day after Trump blasted NATO allies for spending too little on defence and described Germany's trade...

  • BUDAPEST/ WARSAW, May 26- Eastern members of the European Union are pushing for a soft separation with Britain, hoping that this would protect the rights of millions of east Europeans living and working there. Top policy makers from Hungary, Poland, the Czech Republic and Romania have called on the EU this week not to punish Britain for leaving the bloc.

  • TAORMINA, Italy, May 26- Talks between U.S. President Donald Trump and other leaders of the world's rich nations at the G7 summit on Friday were expected to be "robust" and "challenging" after he had lambasted NATO allies and condemned German trade policies a day earlier. Later, the leaders of Britain, Canada, France, Germany, Italy, Japan and the United States will hold...

  • *Finland and Russia agree to increase overflights. HELSINKI, May 26- Finnair has been allowed to increase its flights from Helsinki to Asian destinations over Siberia according to a new deal between Russia and Finland, the ministry of transport and communications said on Friday. Finnair, majority-owned by the state, depends on attracting traffic flows between...

  • BUDAPEST, May 26- Emerging European currencies moved in narrow ranges in early Friday trading and stocks were mildly stronger as investors expected U.S. data later in the day to give a clearer direction to flows. "We expect uncertain trading until the afternoon U.S. data," brokerage Equilor wrote in a note to clients in Budapest. Poland's finance minister said on...

  • WARSAW, May 26- CVC Capital Partners, one of the world's biggest buyout groups, is looking for more acquisition targets in Poland, despite some concerns over regulatory risks, CVC's Polish head said at the Reuters Central& Eastern Europe Investment Summit. CVC entered Poland in 2015 when it bought PKP Energetyka utility from the state-owned railway firm for 1.97...

  • *G7 leaders to hold two days of talks in Sicily. TAORMINA, Italy, May 26- Leaders of the world's rich nations braced for contentious talks with Donald Trump at a G7 summit in Sicily on Friday after the U.S. president lambasted NATO allies for not spending more on defence and accused Germany of "very bad" trade policies. The summit will kick off with a ceremony at an...

  • BUCHAREST, Romania— The mayor of Moldova's capital was put under house arrest Friday on suspicion of influence trafficking in a city parking contract, sparking a conflict within the country's pro- Europe governing coalition. The National Anti-Corruption Center alleged Chisinau Mayor Dorin Chirtoaca told his deputy to sign a contract with Austrian company...

  • TAORMINA, Italy, May 26- U.S. Hosts Italy hope the luxurious, relaxed surroundings will give the rich-nation leaders a rare chance for wide-ranging debate on an array of international issues, including Syria, North Korea and the global economy. A senior Italian diplomat said Trump and the heads of Britain, Germany, France, Italy, Japan and Canada saw eye-to-eye on...

  • BRUSSELS, May 25- A smiling Donald Trump offered European Union chiefs assurances on security in Brussels on Thursday but EU officials did not conceal lingering differences with the U.S. president over Russia, trade and climate change. "The leaders discussed... shared challenges in fighting global terrorism," the White House said in a statement.

  • *Moscow aims to resettle 1 mln residents over 15 years. MOSCOW, May 25- Russian developers who had hoped to be able to co-invest in Moscow's planned $50 billion program to resettle almost a million residents will only be involved as contractors, the city's deputy mayor told Reuters. Sales fell by as much as 30 percent in 2015 and although the market started to...