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  • VIENNA, July 30- Lufthansa unit Austrian Airlines is ready to expand its services to Iran to include flights to Isfahan and Shiraz, as soon as a good opportunity presents itself, the Chief Financial Officer of the Austrian group said on Thursday. Austrian Airlines, Lufthansa's Vienna- based platform into Eastern Europe, already offers daily flights to Iran's...

  • MOSCOW— The Russian ruble is falling under the pressure of cheaper oil, reviving concerns over the country's economic outlook, particularly the perniciously high inflation rate. The ruble was down 0.9 percent in Moscow trading on Thursday, at 59.2 rubles against the dollar. An "excessive" drop in the ruble would not be politically palatable, analysts from the...

  • *Serbia says fears "humanitarian catastrophe". SUBOTICA, Serbia, July 30- Swifts darted in and out of nesting holes in the scrubland around an old brick factory in northern Serbia. A month from now Hungary says it will seal its border with Serbia with a 4- metre high, 175- km barrier to keep out migrants streaming through the Balkans, fleeing war, poverty and upheaval in...

  • District Judge Richard Berman ruled at the close of a hearing in federal court in Manhattan that the case against Evgeny Buryakov could go forward. Buryakov, 40, has pleaded not guilty to conspiracy and other charges alleging he purposely failed to register as a foreign agent to conceal his true role as a covert operative embedded at a Manhattan branch of...

  • KIEV, July 29- Heavily indebted Ukraine may borrow $1 billion in November via a new sale of U.S.-backed bonds, part of a broader international support package Kiev expects to receive by the end of the year. Washington announced earlier this year that it could provide up $2 billion in loan guarantees to near-bankrupt Ukraine. Kiev used the first tranche of the...

  • Central European Media reports 2Q loss Wednesday, 29 Jul 2015 | 6:33 AM ET

    PRAGUE _ Central European Media Enterprises Ltd. on Wednesday reported a loss of $8.7 million in its second quarter. This story was generated by Automated Insights using data from Zacks Investment Research. Keywords: Central European Media, Earnings Report.

  • MOSCOW— Russia's security chief says the Islamic State group has recruited nationals of more than 100 countries, posing a long-term threat to global stability. Alexander Bortnikov, the head of the Federal Security Service, or FSB, the main KGB successor agency, said at Wednesday's security conference that IS's aim is to create a global network of sleeper cells...

  • KIEV, July 29- After more than a year of fighting in eastern Ukraine, the country's regular army remains disorganised and poorly equipped. "The Defence Ministry needed to test underpants for a year before approving them for use. When Moscow annexed Crimea and conflict erupted in Ukraine's east, Kiev had outdated Soviet equipment and just 180,000 troops, of whom...

  • *Many dislike current Kiev government and Ukrainian elite. KIEV, July 29- From a basement billiard club in central Kiev, Dmytro Korchynsky commands a volunteer battalion helping Ukraine's government fight rebels in the east. Dressed in a colourful peasant-style shirt, Korchynsky told Reuters that he follows orders from the Interior Ministry, and that his...

  • Poland's richest businessman, Jan Kulczyk, dies at 65 Wednesday, 29 Jul 2015 | 5:02 AM ET

    WARSAW, Poland— Jan Kulczyk, Poland's richest man and the founder and president of investment empire Kulczyk Holding, who made his fortune during Poland's economic transformations, has died from complications following surgery, the company said Wednesday. Poland's edition of the Forbes Magazine estimated his wealth at some 15 billion zlotys.

  • Dubai airport traffic rises 16.7 pct y/y in June Wednesday, 29 Jul 2015 | 4:39 AM ET

    DUBAI, July 29- Dubai International Airport recorded a 16.7 percent year-on-year jump in passenger traffic in June, reflecting runway maintenance during the summer of 2014, the operator of the world's busiest airport by international traffic said on Wednesday. Growth was powered by traditional markets in the Indian subcontinent and Gulf countries, as well...

  • PIONKI, Poland— Marek Bogacki feels life in Poland 26 years after the fall of communism could hardly be better. Wearing a fine shirt and tie and enjoying brunch at a French bakery in Warsaw, the 35- year-old investment director at an insurance company ticked off places where he has vacationed, from New York to Thailand to Paris, saying the prosperity and freedom...

  • MOSCOW, July 29- Russia's central bank said on Wednesday it had stopped its operations to replenish its international reserves from Tuesday because of a rise in market volatility. It said at the launch of the operations that it would buy between $100 and $200 million a day but has typically been purchasing $200 million. Dmitry Polevoy, an economist at ING Bank in...

  • French farmers protest taps into freewheeling tradition Tuesday, 28 Jul 2015 | 11:08 AM ET

    PARIS— Over the past week, French farmers have used tractors to block the border with Germany and chucked foreign vegetables off trucks in protest of cheap imports. They are protesting increasingly slim margins they blame on cheap imports and high social charges, which they say make them unable to compete against Germany, much less Eastern Europe.

  • BUCHAREST, Romania— Romanian prosecutors have searched dozens of home and offices looking for evidence that drug companies offered doctors vacations and other incentives in exchange for prescribing cancer drugs. A statement from the anti-corruption agency Tuesday said that 61 homes and offices were searched in Bucharest and in the northwest...

  • *GDP down 4.2 pct year on year in June. MOSCOW, July 28- The sharp decline in Russia's economy may have almost run its course, official data showed on Tuesday, slowed by a huge devaluation of the rouble and heavy government spending on anti-crisis measures. The economy has slumped as a result of Western sanctions linked to the Ukraine conflict and last year's...

  • LONDON, July 28- Emerging stocks languished near a two-year low on Tuesday after Chinese shares took another beating while currencies, mired around multi-year lows, were pulled in different directions by the rising dollar and falling oil prices. MSCI's emerging market stock index was flat after Chinese shares closed down 1.7 percent with Beijing scrambling...

  • MOSCOW, July 28- Russia's gross domestic product shrank by 4.2 percent in June from a year earlier but the contraction was shallower than May's revised 4.8 percent fall, adding to signs the economy may have started to stabilise. Russia's growth prospects deteriorated sharply midway through last year, when an existing slowdown was compounded by Western...

  • Russia considers ban on import of Dutch flowers Monday, 27 Jul 2015 | 2:55 PM ET

    MOSCOW— Russia says it is considering banning imports of cut flowers from The Netherlands, a move that would aggravate tensions between the two countries already at odds over the downing of flight MH17. National veterinary agency Rosselkhoznadzor said Monday it has urged the European Union's organization for plant protection to review certification for...

  • BUCHAREST, Romania— Romania's center-left ruling party will recall Parliament from its summer recess to vote on a redrafted series of tax cuts after the president refused to pass the previous proposals into law. Acting chairman of the governing Social Democratic Party, Liviu Dragnea, said Monday that Parliament would debate and vote on the new measures on Aug...