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Eastern Europe

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  • *President wants rich to keep money in Russia. The former Mrs Russia and Mrs Globe beauty pageant winner is among Russia's super rich but even she and many of her wealthy friends are feeling the pinch from the economic crisis. But the enforced modesty has not yet driven the super wealthy out of Russia or against President Vladimir Putin, who has fanned patriotism...

  • Greek PM Tsipras: I seek no rift with Europe Saturday, 28 Mar 2015 | 11:13 PM ET
    Greek Prime Minister Alexis Tsipras, right, and Finance Minister Yanis Varoufakis are shown at the Greek parliament in Athens.

    Greek Prime Minister Alexis Tsipras said on Saturday that he sought no rift with Europe after his cash-strapped country submitted a list of reforms to its lenders in a bid to secure much-needed funds.

  • ATHENS, March 28- Greek Prime Minister Alexis Tsipras said on Saturday that he sought no rift with Europe after his cash-strapped country submitted a list of reforms to its lenders in a bid to secure much-needed funds. After answering a question regarding government attempts to deal with corruption, Tsipras was asked whether he wanted a rift or a solution with...

  • ATHENS, March 28- Greece's Energy Minister Panagiotis Lafazanis will meet his Russian counterpart and the CEO of energy giant Gazprom in Moscow on Monday, as he hit out at the EU and Germany for tightening a' noose' around the Greek economy. Outspoken Lafazanis, on the left wing of Greece's co-ruling Syriza party, will meet Russian Energy Minister Alexander Novak...

  • ATHENS, March 28- Greek Energy Minister Panagiotis Lafazanis will meet his Russian counterpart and the chief executive of energy giant Gazprom in Moscow on Monday, just over a week before Greek Prime Minister Alexis Tsipras visits the Russian capital. Lafazanis will meet Russian energy minister Alexander Novak to discuss relations between the two...

  • WARSAW, Poland— Poland's state airline LOT says it has ordered at least two authorized crew members in the cockpit at all times on all flights, effective immediately. LOT said it introduced the measure Friday night, on a recommendation to all airlines from the European Aviation Safety Agency. The decision comes in reaction to the crash of a Germanwings Airbus...

  • DIARY- Top Economic Events to April 10 Friday, 27 Mar 2015 | 8:01 PM ET

    STONE MOUNTAIN, United States- Federal Reserve vice chair Stanley Fischer speaks at dinner before the 2015 Financial Markets Conference hosted by the Federal Reserve Bank of Atlanta- 2315 GMT. RICHMOND, United States- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook, March 2015" before the Greater Richmond Chamber of...

  • KIEV, Ukraine— Russia plans to eliminate Ukraine as an independent state and could spark a new offensive in the east to achieve that aim, Ukraine's prime minister told The Associated Press on Friday. Ukraine and the West accuse Russia of being directly involved in the separatist conflict in eastern Ukraine which has left over 6,000 dead in the last year.

  • BUCHAREST, Romania— Romanian prosecutors investigating an alleged bribery scheme have questioned the former finance minister about the origins of 100 paintings, including three works by Pablo Picasso. Among the paintings are works by Romanian painters Corneliu Baba and Nicolae Grigorescu as well as sketches by Picasso and works by Renoir and Andy Warhol.

  • LJUBLJANA, March 27- U.S. investment firm Apollo is in advanced talks to buy Slovenia's second-largest bank Nova KBM, a person familiar with the matter told Reuters on Friday. Daily newspaper Delo earlier reported that Apollo was buying NKBM for about 200 million euros. Delo said the state and the buyer would share the risk in the event a court ruled NKBM had to...

  • MOSCOW, March 27- Visa still needs one or two months to transfer processing of transactions made on its credit cards in Russia to a local payment system, but Mastercard will make an obligatory April 1 deadline, the head of the payment system said. The new rules were introduced after Visa and Mastercard stopped providing services for some Russian banks that were...

  • European air authority recommends 2 crew in cockpit Friday, 27 Mar 2015 | 7:37 AM ET

    COPENHAGEN, Denmark— The European Union's aviation safety agency recommended Friday that airlines always have two people in the cockpit of a flying aircraft after it emerged that the co-pilot of Germanwings Flight 9525 had apparently locked himself in alone to crash the plane. Before the recommendation, Lufthansa said it would move to the two-person rule "as...

  • *Ukraine wants bondholders to accept debt writedown. *Entire IMF-led bailout for Ukraine at risk. Moscow bought the bonds from Kiev before a pro-Russian president was forced from power early last year, opening a rift which widened with the annexation of Crimea and a separatist rebellion in eastern Ukraine.

  • MOSCOW— Russia hasn't held negotiations on leasing a dozen supersonic bombers to Argentina, but would be willing to consider such a deal, a senior government official said Friday. Alexander Fomin, the head of the Federal Service for Military-Technical Cooperation, a government agency tasked with coordinating arms trade, denied media reports claiming that...

  • Ukraine seeks resumption of Turkmen gas supplies Friday, 27 Mar 2015 | 5:51 AM ET

    KIEV, Ukraine— Ukraine has said it wants to restore natural gas deliveries from energy-rich Turkmenistan as it tries to reduce reliance on Russia for the fuel. Until 2006, Turkmenistan supplied Ukraine with 36 billion cubic meters of gas annually in exchange for cash and goods. Turkmenistan wishes to widen its client base, while Ukraine wants to wean itself off...

  • MOSCOW— A television station owned by the Russian defense ministry is offering a job to former "Top Gear" host Jeremy Clarkson. The BBC announced Wednesday that it wouldn't renew Clarkson's contract after a fracas with a producer, ending his connection to the immensely popular program. The Zvezda TV channel published a letter to Clarkson on its website late...

  • LJUBLJANA, March 27- Slovenia has sold its second largest bank Nova KBM to investment fund Apollo for about 200 million euros, daily newspaper Delo said on Friday, citing unofficial sources close to the bank. The bank received a state capital injection of 870 million euros in 2013 as a part of a broader rescue package to prevent Slovenia's banks from collapsing...

  • MOSCOW, March 27- PCMA Rus, a Russian venture owned by France's PSA Peugeot Citroen and Mitsubishi Motors Corporation, will temporarily suspend production of Peugeot, Citroen and Mitsubishi models, it said on Friday. Production of the Citroen C4 Sedan and Peugeot 408 will be halted from April 27 to July 10. Peugeot holds a 70- percent stake in the venture and...

  • WASHINGTON, March 26- The International Monetary Fund has not decided whether Russia's $3 billion holding of Ukrainian debt should be classified as "official" debt, an IMF spokesman said on Thursday, taking back an earlier statement. Ukraine, which recently received a $17.5 billion bailout from the International Monetary Fund, must come up with at least $15.3...

  • DIARY- Top Economic Events to April 9 Thursday, 26 Mar 2015 | 8:02 PM ET

    SAN FRANCISCO, United States- Federal Reserve Chair Janet Yellen speaks on "Monetary Policy" before the Federal Reserve Bank of San Francisco Conference: The New Normal for Monetary Policy- 1945 GMT. PRISHTINA- European Central Bank's Deputy Director General International& European Relations, Gilles Noblet, speaks at an event to celebrate the conclusion of a...