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Eastern Europe

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  • A creditors' committee, led by Franklin Templeton, has put forward a plan which would save Ukraine $15.8 billion, or more than what it is aiming for, via extending bond maturities by up to 10 years and by cutting coupon payments in initial years, a separate source had said earlier. "What will be difficult in this proposal is that 40 percent of the debt is amortized...

  • BURABAI, Kazakhstan, May 29- The Eurasian Economic Union signed a free trade agreement with Vietnam on Friday, the first such deal struck by the Moscow- led body with a third party as it seeks to boost its presence on Asian markets. The EEU, which includes Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan, was launched in January to promote trade and economic...

  • LONDON, May 29- Emerging market shares fell on Friday and were on track to chalk up a monthly loss, weighed down by volatile China stocks, while currencies saw mixed fortunes on the day. MSCI's broad emerging market index traded 0.4 percent lower after China's main bourses closed mixed following a rough ride earlier in the day. Chinese equity funds saw inflows of...

  • Alexandrov, 28, says he's a Russian soldier who was captured in east Ukraine after being sent there on active duty with Russian special forces to help separatists fighting Kiev. Yet Russian President Vladimir Putin, in the face of widespread evidence to the contrary, has repeatedly said there are no Russian soldiers in Ukraine- only volunteers who have gone to...

  • MOSCOW— Russia's ruble is on a roller-coaster. After being the world's second worst-performing currency against the dollar last year, it is among the best in 2015.. Nikita Filippov, co-owner of a St. Petersburg- based craft brewery, says it was a godsend.

  • BERLIN— German Chancellor Angela Merkel sounded a conciliatory note Friday on Britain's efforts to renegotiate its relationship with the European Union, saying "when there is a desire there should be a way." The comments made alongside David Cameron came as the British prime minister wrapped up a whirlwind tour of four European capitals to press his case for...

  • DIARY- Top Economic Events to June 11 Thursday, 28 May 2015 | 8:01 PM ET

    SOFIA- European Central Bank board member Yves Mersch speaks at the Bulgarian Authorities 2015 IMF/World Bank Constituency Meetings- 1100 GMT. BARCELONA, Spain- European Central Bank board member Vitor Constancio speaks at the XXXI Reunion Circulo de Economia- 0730 GMT. HARTFORD, United States- Federal Reserve Bank of Boston President Eric Rosengren speaks...

  • *Crops grow from Gulf to Russia in advanced greenhouses. AMSTERDAM, May 28- From the rooftops of Amsterdam to the expanses of Kazakhstan, Dutch technology is helping food producers to meet the needs of both gourmets and growing populations facing uncertain supplies. One of the most densely populated countries in the world, the Netherlands has long learnt to...

  • MOSCOW, May 28- Russia's largest lender Sberbank defied expectations for a sharper slump in first-quarter profit as strong commission income and its access to cheaper funding helped it to outperform rivals. Sberbank holds about 30 percent of Russia's total banking sector assets and Russians are used to trusting the bank with their savings since the Soviet...

  • The West has accused Russia of using gas as a tool to increase its political influence over countries like Serbia. Russia last year scrapped plans for another pipeline in southern Europe— that was to pass through Serbia— amid a deepening crisis with the West over Ukraine. Serbia has refused to join Western sanctions against Russia over its policies in Ukraine.

  • *Russia to meet OPEC next week, likely to stick to strategy. MOSCOW/ LONDON, May 27- As Russia prepares to meet OPEC next week, a briefing paper from a Moscow think tank has shed light on how the government was warned against cutting oil output late last year even though global prices were plummeting. "If Russia cuts output, OPEC will take our market share in Europe," a team...

  • Wizz Air sees more growth as annual profit soars Wednesday, 27 May 2015 | 2:52 AM ET

    LONDON, May 27- Eastern European- focused budget airline Wizz Air reported a 67 percent jump in annual profit and said it was confident of further profit growth this year as it continues to expand capacity. In its first results as a London- listed company, Wizz Air said underlying net profit came in at 146 million euros in the twelve months ended March 31, compared to...

  • DIARY- Top Economic Events to June 9 Wednesday, 27 May 2015 | 12:01 AM ET

    Treasury Secretary Jack Lew will participate in a moderated conversation at the London School of Economics and Political Science- 0945 GMT. LONDON- Bank of England's Sarah Breeden: CSFI Roundtable on Bank of England's Procyclicality Working Group SEOUL- Former Federal Reserve Chairman Ben Bernanke to attend a financial forum hosted by Dong-A Ilbo and...

  • 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,...