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Eastern Europe

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  • 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 When Moscow annexed Crimea and conflict erupted in Ukraine's east, Kiev had outdated Soviet equipment and just 180,000 troops, of whom...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...

  • WARSAW, Poland— Jan Kulczyk, Poland's richest man and the founder and president of investment empire Kulczyk Holding, has died from complications following surgery, the company said Wednesday. Poland's former president, Lech Walesa, said that Kulczyk was irreplaceable. His donation of some 20 million zlotys helped finish work on the POLIN Museum of the History...

  • 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...

  • 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...

  • 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...

  • *Ukraine seeking savings of $15.3 billion. KIEV, July 27- Heavily indebted Ukraine has made new proposals to its creditors for restructuring $23 billion of foreign debt and is now awaiting their response, Finance Minister Natalia Yaresko said on Monday. Ukraine, whose economic plight is exacerbated by a draining conflict with Russian-backed separatists in...

  • KIEV, July 27- Ukraine has made new proposals to its creditors for restructuring $23 billion of foreign debt and is now awaiting response, Finance Minister Natalia Yaresko said on Monday. Negotiations to restructure Ukraine's foreign debt have dragged on for over four months because of disagreement over the need for a writedown on the principal of the bonds as...

  • OZD, Hungary— The workers wake up in the middle of the night and walk miles to get to their jobs by 6 a.m. Taking up hoes and rakes, they toil for hours with little chance of rest. David Janiczak's leaderhip in Ozd gives clues into what Hungary might feel like if the surging Jobbik managed to unseat Prime Minister Viktor Orban's conservative Fidesz party— which is...

  • LONDON, July 27- Mainland Chinese shares tumbled more than 8 percent on Monday for their biggest one-day loss since February 2007, rekindling fears of a market crash and sending broader emerging market assets sharply lower. MSCI's emerging market index fell 1.8 percent- its fourth straight session in the red- with markets across Asia stumbling on concerns over...

  • MOSCOW, July 24- Russian gas company Gazprom said on Friday it had lodged a case against Turkmenistan's Turkmengaz at the international arbitration court in Stockholm over the price in a supply contract. The move came two weeks after Turkmenistan accused Gazprom of not paying for gas supplied from the Central Asian country this year. Gazprom, the world's top...

  • UPDATE 2-Visa in talks to reunite with Visa Europe Thursday, 23 Jul 2015 | 6:40 PM ET

    July 23- Credit and debit card issuer Visa Inc said it was in talks to reunite with former subsidiary Visa Europe Ltd in a deal that would give the global company more scale to compete with arch-rival MasterCard Inc.. Visa Inc and Visa Europe, a cooperative of European banks with over 500 million cards, were part of a global bank-owned network until 2007. Most of the...