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Europe News Eastern Europe

  • 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.

  • BUCHAREST, Romania— Romania's parliament has endorsed a government order to scrap a decree that would have diluted the fight against corruption, a decree that had ignited mass street protests at home and wide criticism from abroad. Premier Sorin Grindeanu withdrew the decree on Feb. 5, but the protests have continued. Raluca Turcan, leader of the opposition...

  • LONDON, Feb 21- Nigeria's naira currency weakened on Tuesday against the dollar in the non-deliverable forwards market as expectations of a devaluation grew, while the rand slipped too before a key budget speech by the finance minister. The spotlight was on Africa, with most attention focused on the naira after Nigeria's central bank effectively devalued the...

  • *Bucharest stocks at 9- year high, Banca Transilvania record high. *Budapest shares set record high again, driven by OTP Bank. BUDAPEST, Feb 21- Bucharest stocks hit a 9- year high on Tuesday, driven by surging Banca Transilvania as bank stocks fueled a rally in Central European equities markets.

  • PRAGUE— Czech Prime Minister Bohuslav Sobotka has fired his minister of industry and trade over his resistance to work to lower telephone and mobile data tariffs. At a news conference on Monday, Sobotka said Jan Mladek's ministry has failed to support his government's efforts to reduce the high bills Czechs have to pay to telephone operators.

  • ABU DHABI, Feb 20- Russia hopes to get around European Union sanctions by reaching a deal with Iran for the supply of gas turbine equipment for two power plants in Crimea, the head of Russian state defence conglomerate Rostec said on Monday. EU sanctions bar European individuals and companies from providing energy technology to Crimea, which was annexed by...

  • *Stocks rise slightly, Moneta Bank rise helps Prague. BUDAPEST, Feb 20- Prague led a cautious rise in Central European equities on Monday, mainly driven by the gains of Moneta Money Bank, while Central European assets were mostly moving sideways. Prague's main index firmed 0.4 percent by 0929 GMT.

  • LONDON, Feb 20- Turkey's lira hit the strongest level in more than six weeks against the dollar and Mongolian bonds soared after a $5.5 billion IMF-led bailout for the country, outperforming broader emerging markets. Turkey's lira strengthened 0.3 percent in its second day of gains, shrugging off data showing consumer confidence declining in February, though...

  • The global study, conducted by Stirling Infrastructure Partners, an adviser to institutional investors, polled 44 sovereign wealth funds and pension funds with some $63 billion allocated to infrastructure, and found a growing appetite for assets in riskier markets. Central and Eastern Europe rose to 30 percent from 22 percent and Latin America to 27 percent...

  • Traffic analytics firm Inrix has calculated how much time drivers spend stuck in traffic during peak travel times last year in 1,064 cities in 38 countries worldwide. Source: Inrix Inc., 2016 Global Traffic Scorecard. Does not include cities in Japan or China, where Inrix does not collect its own data.

  • DETROIT— When it comes to getting stuck in traffic on the way to and from work, Los Angeles leads the world. That topped second-place Moscow at 91 hours and third-place New York at 89, according to a traffic scorecard compiled by Inrix, a transportation analytics firm. San Francisco was the fourth-most congested city, while Bogota, Colombia, was fifth, Sao Paulo...