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Eastern Europe

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  • MOSCOW, April 2- Russia's central bank for now does not intend to sell out of the Moscow Exchange and an exchange in St Petersburg so it can retain control over financial markets infrastructure given the geopolitical situation, the bank said on Thursday. Petersburg Currency Exchange, by the beginning of next year. "The Bank of Russia considers the complete...

  • UPDATE 1-Russian rouble extends gains in thin market Thursday, 2 Apr 2015 | 3:54 AM ET

    MOSCOW, April 2- The Russian rouble extended gains on Thursday, helped by a modest retreat in the U.S. dollar on global markets and a strong rise in oil prices late on Wednesday. Brent crude oil, a key driver for all Russian assets, was 0.4 percent down on the day at around $56.9 a barrel but was trading higher than on Wednesday evening in Moscow. Russia's...

  • *Athens says will repay IMF as scheduled on April 9. Greece sends updated list of reforms to lenders. Euro zone officials said, however, that institutions representing the lenders- the European Commission, the European Central Bank and the IMF, got the list too late for it to be discussed by euro zone deputy finance ministers at a teleconference on Greece on...

  • *Athens says will repay IMF as scheduled on April 9. *Athens prefers joint venture for biggest port. ATHENS, April 1- Greece has sent an updated list of reforms to lenders in the hope of satisfying their demands for more detail and unlocking aid needed to avoid a default, a government official said on Wednesday.

  • *Athens says will repay IMF as scheduled on April 9. *Athens prefers joint venture for biggest port. In an interview with German daily Der Spiegel, Interior Minister Nikos Voutsis said that if foreign creditors do not send Athens further funds by April 9, the government would first pay salaries and pensions and then come to an agreement with lenders on paying the...

  • MOSCOW, April 1- A Finnish businessman said on Wednesday he had been denied entry into Russia for five years and accused of posing a threat to state security after disagreeing with the chief executive of Russia's power distribution grid company. Seppo Remes, who is on the board of several Russian electricity companies, told Reuters he was not allowed back into...

  • Rebels in eastern Ukraine pay pensions in Russian rubles Wednesday, 1 Apr 2015 | 10:26 AM ET

    DONETSK, Ukraine— Russia- backed rebel authorities in eastern Ukraine on Wednesday started paying pensions in Russian rubles. Another rebel official, Oksana Taran, denied that Russia had provided the money, claiming that the funds came from taxes paid by local businesses. Ukraine's move in November to halt pensions and other social payments to the...

  • MOSCOW, April 1- Russia's largest automaker Avtovaz said on Wednesday that Lada sales in March reached 27,423 units, up 16 percent from the month before. Avtovaz President Bo Andersson said the company would sell between 325,000 and 350,000 cars this year, down from 387,307 in 2014, Interfax news agency reported. Russian auto sales have faltered as economic...

  • MOSCOW— Russia's largest oil company Rosneft said on Wednesday that it has settled a long-standing dispute with now-defunct oil company Yukos, whose owner spent 10 years in a Russian prison. Claire Davidson, a Yukos representative, confirmed the agreement, but said it doesn't affect Yukos' claim against Russia in the European Court of Human Rights.

  • WARSAW, April 1- Manufacturing activity in central Europe expanded strongly in March thanks to the region's close ties to the reviving euro zone- as well as to it avoiding excessive currency gains by keeping monetary policy loose. In the export-reliant Czech Republic, the Purchasing Managers' Index for manufacturing rose to 56.1 from February's 55.6, boosted...

  • Crimea's only Tatar TV station goes off air Wednesday, 1 Apr 2015 | 4:37 AM ET

    MOSCOW— Crimea's independent television station ATR went off air at midnight on Tuesday after Russian authorities repeatedly refused to give it a broadcasting license. ATR was established as the first channel dedicated to the Crimean Tatars, a native ethnic group of about 300,000 that was deported from the region by the Soviet authorities in 1944. The TV...

  • It takes something more audacious to sell beachfront property these days to the global ultra-wealthy who arrive in Miami with millions to spend on second or third homes. With a slew of residential and hotel developments, Miami is embracing the notion that homes, like cars, handbags and jewelry, should carry luxe designer labels. Miami is luring Argentinians,...

  • Merkel and Hollande edge closer after tragedies Tuesday, 31 Mar 2015 | 1:13 PM ET

    *Berlin and Paris to step up cooperation on energy, drones. BERLIN, March 31- The leaders of Germany and France announced plans on Tuesday to work more closely on economic and security issues after years of strain, saying the tragedies of the Charlie Hebdo killings and air crash in the French Alps had brought them closer. Chancellor Angela Merkel and President...

  • MOSCOW, March 31- Russia will extend gas price discounts for Ukraine into the second quarter, TASS news agency reported President Vladimir Putin as saying on Tuesday, but any further decisions would be taken in three months and depend on the price of oil. Russia's gas monopoly Gazprom on Monday asked the government to extend a price discount for gas supplies to...

  • EU governments back 1.8 billion euro Ukraine loan Tuesday, 31 Mar 2015 | 12:18 PM ET

    BRUSSELS, March 31- European Union governments formally approved a 1.8 billion euro loan for Ukraine on Tuesday to help save it from bankruptcy. Ukraine, fighting a costly war against pro-Russian separatists, is relying on international support to avoid default. The International Monetary Fund's board earlier this month signed off on a $17.5 billion loan for...

  • ATHENS, Greece— Greece's new government disagrees with sanctions against Russia, and wants to boost trade ties with the country, Prime Minister Alexis Tsipras said before a visit to Moscow next week. The U.S. and the EU imposed crippling economic sanctions against Russia over its annexation of Ukraine's Crimean Peninsula and support for an insurgency in...

  • LONDON, March 31- Emerging market countries and companies sold just over $108 billion worth of hard currency bonds in the first three months of 2015, down over 10 percent from year-ago levels, Thomson Reuters data showed on Tuesday. The total is the lowest first quarter tally since 2011, partly because Russian and Brazilian companies, usually prolific...

  • BELGRADE, March 31- The vista of rusting boats and drab wasteland that greets visitors passing over the river Sava into Belgrade is set to be transformed into a futuristic forest of skyscrapers under ambitious redevelopment plans that have left Serbs deeply split. The project marks the first foray into central and eastern Europe by Abu Dhabi- based Eagle Hills...

  • Emerging market bond sales drop 10 percent in 2015 Tuesday, 31 Mar 2015 | 11:04 AM ET

    LONDON, March 31- Emerging market countries and companies sold just over $108 billion worth of hard currency bonds in the first three months of 2015, down over 10 percent from year-ago levels, Thomson Reuters data showed on Tuesday. The total is the lowest first quarter tally since 2011, partly because Russian and Brazilian companies, usually prolific...

  • BELGRADE, March 31- The vista of rusting boats and drab wasteland that greets visitors passing over the river Sava into Belgrade is set to be transformed into a futuristic forest of skyscrapers under ambitious redevelopment plans that have left Serbs deeply split. The project marks the first foray into central and eastern Europe by Abu Dhabi- based Eagle Hills...