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Europe News Eastern Europe

  • *Warsaw leads stock gains, JSW and PGNiG Q1 results help. *Hungarian bond sale draws strong demand on IRS announcement. BUDAPEST, May 25- Warsaw led Central European equities higher on Thursday as emerging market stocks firmed after the U.S.

  • *EU, U.S. not seeing eye-to-eye on Russia, EU says. 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. "action plan" on trade-- an indication the new occupant of the White House is not as...

  • BUDAPEST, Hungary— Hungary's prime minister says the government will reduce mortgages for families with three or more children and build or renovate many nurseries to help boost the country's birth rate. Orban said Thursday at a conference on families that he was opposed to solving demographic issues by increasing migration but that both in Hungary and in...

  • *Fed comments on rate caution helps CEE assets Warsaw leads stock gains, JSW and PGNiG Q1 results help. BUDAPEST, May 25- Warsaw led Central European equities higher on Thursday as emerging market stocks firmed after the U.S. Warsaw's blue-chip stock index jumped almost 1.5 percent at the opening but had given up some gains by 0756 GMT, although it was still...

  • On Jan. 12 he was suspended for three months after prosecutors opened a criminal case against him related to how commercial law cases were allocated to judges, according to statements by the Ukrainian High Council of Justice and Yemelianov himself. Ukraine is trying to show its international supporters and lenders that it can tackle entrenched corruption,...

  • MOSCOW/ HAMBURG, May 24- Russia is negotiating with Turkey in an effort to resolve a stop-start agriculture trade dispute between the countries, the Kremlin said on Wednesday, although Ankara disputed it had put curbs on imports of Russian wheat. As the largest buyer of Russian wheat behind Egypt, any move by Turkey to restrict imports of the grain could put a...

  • BERLIN, May 24- German trade with Russia flourished in the first three months of 2017 due to a recovery of the Russian economy, despite sanctions imposed over Moscow's role in the Ukraine conflict still being in place, data showed in Wednesday. German exports to Russia jumped 32 percent to 1.5 billion euros compared with the first quarter of the previous year,...

  • May 24- Democrats on a U.S. of House of Representatives panel have asked Deutsche Bank to provide information on whether any accounts connected to President Donald Trump have ties to Russia, adding another dimension to probes into connections between Moscow and Trump. The congressional inquiry also seeks information about a Russian "mirror trading" scheme...

  • MOSCOW/ HAMBURG, May 24- Russia is negotiating with Turkey in an effort to resolve a stop-start agriculture trade dispute between the countries, the Kremlin said on Wednesday as it emerged that Ankara has imposed restrictions on imports of Russian wheat. Turkish officials contacted by Reuters could not immediately comment and Russia's Agriculture Ministry...

  • President Donald Trump have ties to Russia. The congressional inquiry also seeks information about a Russian "mirror trading" scheme that allowed $10 billion to flow out of Russia. Congress remains in the dark on whether loans Deutsche Bank made to President Trump were guaranteed by the Russian government, or were in any way connected to Russia, "the Democrats...

  • President Donald Trump have ties to Russia. The congressional inquiry also seeks information about a Russian "mirror trading" scheme that allowed $10 billion to flow out of Russia. Congress remains in the dark on whether loans Deutsche Bank made to President Trump were guaranteed by the Russian government, or were in any way connected to Russia, "the Democrats...

  • *Hungarian central bank IRS announcement lifts bond prices. *Bucharest stocks hit highest level since early 2008. BUDAPEST/ PRAGUE, May 24- Hungarian government bonds strengthened on Wednesday after the central bank said that it would offer interest rate swaps which could make bond buying more attractive to commercial banks.

  • *Algeria shows new urgency to raise gas output- sources. ALGIERS, May 24- Less than a year ago, Algeria was ready for a legal battle with French oil giant Total; it looked like business as usual for a country known for bureaucracy, tough contracts and often testy relations with foreign energy groups. Last month the two sides reached a settlement over Total's complaint...

  • New York- based attorney Mark Kasowitz has a history of working on Trump's most nettlesome legal issues and is viewed as a trusted adviser, according to two people familiar with the decision. While the White House counsel represents the president in his official capacity, it is not unusual for the president to hire private attorneys in matters that could lead to...

  • *Bucharest stocks hit highest level since early 2008. BUDAPEST/ PRAGUE, May 24- Some Central European currencies and stocks rebounded on Wednesday after a retreat in the past two sessions due to profit-taking. China's credit rating downgrade by Moody's did not have an impact and with a lack of major international market moving factors, investors are watching...

  • MOSCOW, May 24- Russia's largest bank Sberbank made record quarterly profit of 167 billion roubles in the first three months of the year, helped by cheaper funding and risk management costs as the economy improved. State-controlled Sberbank has consistently outperformed since 2014, when the Russian economy fell into a deep slump as oil prices plunged and the...

  • KIEV, May 24- Ukraine needs more time to submit proposals for coal and gas projects to China in order to secure funding worth up to $3.65 billion as Kiev is unlikely to meet a June deadline, Deputy Prime Minister Stepan Kubiv told Reuters. Ukraine needs the money to revamp its energy infrastructure at a time when its economy is emerging from a deep recession and is...

  • Until recently, the region's tech start-up scene was stagnant, failing to rank among Europe's top dozen countries for investment and lagging western and northern European countries, as well as decades-old tech hub Israel. By last year, investment in central Europe, while still modest, had jumped more than tenfold since 2012, buoyed by a growing number of deals.

  • *Spot gold was up 0.1 percent at $1,252.32 per ounce by 0057 GMT. *A U.S. interest rate hike next month is a "distinct possibility," the head of the Federal Reserve Bank of Philadelphia, Patrick Harker, said on Tuesday, adding that another disappointing reading on monthly inflation could cause the U.S. central bank to hold back. *Former CIA director John Brennan said on...

  • MOSCOW _ Mobile TeleSystems OAO on Tuesday reported first-quarter earnings of $212.5 million. The Moscow- based company said it had profit of 21 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.