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Europe News Eastern Europe

  • BUDAPEST, Feb 27- Hungary and Slovakia will ask the European Commission in a joint motion to consider legal means to eliminate "double standards in quality" of food products sold by companies in Eastern Europe and in the west, Hungary's agriculture ministry said on Monday. Hungary also welcomed a Slovak proposal that the Visegrad Four countries- the Czech...

  • BUDAPEST, Feb 27- Hungarian stocks rebounded on Monday after two days of retreat from record highs for Budapest's main stock index, in the first session of a week loaded with economic data releases. Heavily weighted Central European bank stocks were mixed but shares in Hungary's biggest lender, OTP firmed half a percent, after a plunge from almost 10- year highs...

  • CAIRO— Egyptian officials said Sunday they were inching closer to meeting all demands set by Russia on airport security to resume flights to Egypt, suspended after militants from a local affiliate of the Islamic State group downed a Russian airliner 15 months ago over the Sinai Peninsula. Since the crash, Egypt has spent millions of dollars to upgrade security...

  • MINSK, Belarus— Local media in Belarus say about 3,000 people have demonstrated across the country against an unpopular new labor law that targets the unemployed. Many in Belarus are unhappy with a so-called "anti-sponging" law that forces citizens to pay the equivalent of $250 if they work less than half the year and do not register with nation's labor...

  • *Regional stocks join profit-taking on Budapest bourse. BUDAPEST/ WARSAW, Feb 24- Budapest's stock index fell again on Friday, leading a retreat in Central European equities following weeks of rallying. Budapest continued to slide from record highs, shedding 1.4 percent.

  • GENEVA/ BRUSSELS, Feb 23- Russia lost its appeal on Thursday against a World Trade Organization ruling on its ban on imports of European Union pigs and pork products. Thursday's ruling means Russia will be expected to bring its rules into line with the WTO's. If the EU is not satisfied that it has done so, it could ask to be allowed to impose sanctions on Russia to...

  • *Budapest stocks off record on OTP Bank, Magyar Telekom retreat. *Bucharest stocks at another 9- year high on Banca Transilvania. BUDAPEST, Feb 23- Budapest stocks retreated from record highs on Thursday, driven by Magyar Telekom which opted against raising its dividend guidance while Central European stock indices mostly rose.

  • *Budapest stocks off record on OTP Bank, Magyar Telekom retreat. *Bucharest stocks at another 9- year high on Banca Transilvania. BUDAPEST, Feb 23- Budapest stocks retreated from record highs on Wednesday, driven by Magyar Telekom which opted against raising its dividend guidance despite a surge in profits, while Central European assets mostly moved sideways.

  • LONDON, Feb 23- Emerging equities powered to fresh 19- month highs on Thursday after U.S. MSCI's benchmark emerging stocks index rose 0.2 percent, with Indian shares up 0.5 percent to hit the highest since March 2015, Turkish stocks up 0.7 percent and Bucharest shares up 0.2 percent at a fresh nine-year high. Hong Kong shares touched a new 5-1/ 2- month high,...

  • TULA, Russia— Claims of hacking by the Russian state may be feeding international tensions, but they've given Californian musician David Brown a great icebreaker when selling his line of Russian-made microphones. Brown, who's often toured Russia with his band Brazzaville, teamed up with fan Pavel Bazdyrev in 2013 to start making top-end musical equipment in...

  • LONDON, Feb 22- Eleven non- OPEC oil producers that joined a global deal to cut output to boost prices have delivered at least 60 percent of promised curbs so far, OPEC sources said on Wednesday, higher than initially estimated. "This meeting shows the seriousness of OPEC and non- OPEC in implementing the agreed cut," an OPEC delegate said. Two OPEC delegates said...

  • MOSCOW— Along with a steady flow of new missiles, planes and tanks, Russia's defense minister said Wednesday his nation also has built up its muscle by forming a new branch of the military— information warfare troops. Sergei Shoigu's statement— which came amid Western allegations of Russian hacking— marked the first official acknowledgement of the existence of...

  • LONDON, Feb 22- Wall Street's record run helped emerging stocks sail to new 19- month highs on Wednesday with year-to-date gains of over 10 percent, while the rand firmed ahead of a key budget speech by the finance minister. MSCI's emerging equity index firmed half a percent, led by a 1 percent rise in Hong Kong after New York shares hit record highs and European...

  • *Bucharest stock index is highest since Jan 2008. BUDAPEST, Feb 22- Romania's Banca Transilvania stocks surged to a record high on Wednesday in continued reaction to expectations of growth, boosting the Bucharest stock index in a reflection of general optimism over Central European banks. The sector is emerging from a bad period marked with a jump in bad loans...

  • PRAGUE— Czech Prime Minister Bohuslav Sobotka says it is a key issue for his country to maintain the same rights for EU citizens in Britain after its exit from the European Union. Sobotka spoke on Wednesday after a rare meeting of the chairmen of parliamentary parties from the ruling coalition and the opposition, who agreed on the country's common position...

  • The poor levels of life expectancy in the U.S. against other rich nations has been laid bare in a new report.

  • CANBERRA- Reserve Bank of Australia Governor Philip Lowe will appear at the House of Representatives Standing Committee on Economics. CHISINAU- National Bank of Moldova announces interest rate decision. ANKARA- Central Bank of the Republic of Turkey monetary policy meeting.

  • *Plant will be Daimler's first car production in Russia. MOSCOW/ FRANKFURT, Feb 21- German automaker Daimler will open a plant near Moscow to make Mercedes-Benz cars, it announced on Tuesday, the first new investment by a major Western automaker since sanctions were imposed on Russia three years ago. Russia is of strategic importance for Mercedes-Benz and an...

  • MOSCOW/ FRANKFURT, Feb 21- German automaker Daimler will open a plant near Moscow to manufacture Mercedes-Benz cars, it announced on Tuesday, the first new investment by a major Western automaker since sanctions were imposed on Russia three years ago. Russia's Trade and Industry Ministry said in a statement that the plant will produce more than 20,000...

  • *Bucharest stocks at 9- year high, Banca Transilvania record high. *Warsaw stocks hits 18- month high, Prague highest since Dec 2015. BUDAPEST, Feb 21- Bucharest stocks hit a 9- year high on Tuesday, driven by surging Banca Transilvania as bank stocks fuelled a rally in Central European equities markets.