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Eastern Europe

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  • Putin expects sanctions against Russia to be lifted Tuesday, 26 May 2015 | 8:02 AM ET

    MOSCOW— Russian President Vladimir Putin has encouraged businesses to expand domestically before Western nations lift economic sanctions, allowing once again the sale of many foreign goods in Russia. Russia's economy is expected to contract 3.8 percent this year in the World Bank's estimates, battered by the sanctions and capital outflows.

  • DIARY- Top Economic Events to June 5 Monday, 25 May 2015 | 9:09 PM ET

    TAIPEI- Former Federal Reserve chairman Ben Bernanke speaks on Asian economies- 0830 GMT. TEL AVIV, Israel- Federal Reserve Vice Chair Stanley Fischer speaks on "The Federal Reserve and the Global Economy" before a conference in honor of Professor Haim Ben-Shahar- 1630 GMT. PARIS- ECB Governing Council Member Christian Noyer gives an annual press conference in...

  • WARSAW, May 25- Poland's main opposition party celebrated its first national election win in a decade on Monday, after its candidate for the presidency unexpectedly defeated incumbent Bronislaw Komorowski. The Warsaw stock market fell, though, as Andrzej Duda's Law and Justice party is considered less business-friendly and less pro- European Union than the...

  • WARSAW, May 25- Poland's main opposition party celebrated its first national election win in a decade on Monday, after its candidate for the presidency unexpectedly defeated incumbent Bronislaw Komorowski in a result that unnerved financial markets. His Law and Justice party is close to the Catholic church, socially conservative and considered less...

  • WARSAW, May 25- Poland's main opposition party celebrated its first national election victory in a decade on Monday, after its candidate for the presidency unexpectedly defeated incumbent Bronislaw Komorowski in a result that unnerved financial markets. Andrzej Duda won Sunday's vote by 52 percent to 48 percent, according to an exit poll.

  • *Exit poll shows Andrzej Duda to be new president. WARSAW, May 24- Polish President Bronislaw Komorowski conceded defeat to conservative challenger Andrzej Duda in Sunday's presidential election, a result reflecting voters' frustration that Poland's new-found prosperity was not being more evenly shared. The result will send a stark message to the...

  • WARSAW, May 24- Poles voted for a president on Sunday in a run-off that is too close to call but has already sounded a warning for the ruling Civic Platform as it looks to re-election later in the year. Originally seen as a shoo-in for a second five-year term, incumbent Bronislaw Komorowski finds himself neck and neck with his conservative challenger, Andrzej Duda,...

  • WARSAW, May 24- Poles voted for a president on Sunday in a run-off that is too close to call but has already sounded a warning for the ruling Civic Platform as it looks to re-election later in the year. Originally seen as a shoo-in for a second five-year term, incumbent Bronislaw Komorowski finds himself neck and neck with his conservative challenger, Andrzej Duda,...

  • WARSAW, May 24- Poles vote for a president on Sunday in a run-off that is too close to call but already spells trouble for the ruling Civic Platform as it looks to re-election later in the year. Originally seen as a shoo-in for a second five-year term, incumbent Bronislaw Komorowski finds himself neck and neck with his conservative challenger, Andrzej Duda, who...

  • MOSCOW, May 23- Russia would adopt a tough position if Ukraine decided not to pay off debts owed to Moscow by its previous government, Russian Prime Minister Dmitry Medvedev said in an interview broadcast by Russian TV on Saturday. Russia has spoken out against a new Ukrainian law allowing a moratorium on foreign debt repayments, threatening to take Ukraine to...

  • DIARY- Top Economic Events to June 4 Friday, 22 May 2015 | 8:01 PM ET

    SINTRA, Portugal- European Central Bank board member Vitor Constancio chairs session 2 on "Structural Perspectives on European Employment, Productivity, and Growth in a Global Context" at an ECB forum on Central Banking "Inflation and Unemployment in Europe"- 0800 GMT. SINTRA, Portugal- Federal Reserve Vice Chair Stanley Fischer participates in a panel...

  • Shake Shack extends run on "chicken shack" talk Friday, 22 May 2015 | 2:04 PM ET

    NEW YORK— Shake Shack's shares surged to another record high Friday, fueled in part by speculation that the hamburger chain could be thinking about dishing out chicken. Last month, a unit apparently tied to Shake Shack's parent company applied to trademark the words "Chicken Shack" for chicken sandwiches. Earlier this month, Shake Shack Inc. reported...

  • BRUSSELS/ OSLO, May 22- Norway has overtaken Russia as western Europe's top gas supplier, data from state firms shows, indicating the European Union's drive to reduce its dependence on Russian energy is bearing fruit. Norway exported 29.2 billion cubic metres to western Europe in the first quarter of this year, figures from Norwegian state operator Gassco show,...

  • *Ukraine at odds with bondholders over $23 bln debt. Ukraine is now in regular contact with a group of its largest bondholders, Finance Minister Natalia Yaresko told Reuters by telephone from Riga, striking a more optimistic note. A key sticking point has been bondholders' repeated objection to a writedown on the face value of the bonds, a' haircut' Ukraine insists...

  • Though a more subdued run for other countries meant MSCI's main emerging market index was fractionally lower on the week, China's latest gains took its surge since March to an astounding 45 percent. In contrast, eastern Europe's bourses were on course for their biggest weekly fall since March with Russia and Poland's markets suffering struggles, the latter on...

  • EU embrace of eastern partners turns lukewarm Friday, 22 May 2015 | 4:19 AM ET

    The two-day meeting in Riga underlined that the EU's relations with Russia's neighbors in Eastern Europe are moving on different tracks, with only three of them— Ukraine, Georgia and Moldova— truly pursuing deeper integration. Belarus and Armenia are seeking only limited cooperation after joining Russia's Eurasian Economic Union and Azerbaijan showed...

  • *Islamic State fighters have scored twin successes in Syria and Iraq, taking full control of the historic Syrian city of Palmyra and overrunning Iraqi government defences east of Ramadi on Thursday. *Islamic State militants have seized the last border crossing between Syria and Iraq controlled by the Syrian government, a Syrian human rights group said on...

  • MOSCOW, May 21- The International Monetary Fund sees the Russian economy shrinking by 3.4 percent in 2015, a smaller contraction than previously forecast, but said the country's public finances faced big longer-term challenges because of low oil prices. Russia's economy was tipped into crisis last summer when an existing slowdown was compounded by a sharp...

  • IMF upgrades Russia growth outlook Thursday, 21 May 2015 | 10:31 AM ET

    MOSCOW— The International Monetary Fund predicts a less severe recession for Russia and says the country's economy will return to growth in a "mild recovery" next year. Following a recent staff visit to Russia, the IMF says in a statement that it now predicts a 3.4 percent contraction in GDP this year and says "growth should resume" in 2016.. On Thursday, the IMF did not...

  • Kyrgyzstan ratifies joining Russia-led trade bloc Thursday, 21 May 2015 | 6:40 AM ET

    BISHKEK, Kyrgyzstan— The Central Asian country of Kyrgyzstan has ratified a measure to join the Eurasian Economic Union, a Russia- led trade bloc. The country's entry must then be approved by the parliaments of the other members— Russia, Kazakhstan, Armenia and Belarus. Russia pushed hard for Ukraine to join the bloc, but opponents saw it as an attempt by Moscow to...