Eastern Europe


  • By Maya Dyakina and Lidia Kelly. MOSCOW, Oct 5- Russian shares and the rouble rose in light trade on Friday, ending higher for the week, after strong U.S. jobs data increased global appetite for risk. A stronger U.S. economy improves the outlook for commodities, helping major commodity exporters such as Russia.

  • TEXT-Fitch affirms three Czech banks Friday, 5 Oct 2012 | 11:08 AM ET

    Oct 5- Fitch Ratings has affirmed Ceska Sporitelna and Komercni Banka's. CS's Long-term IDR is equalised with that of its 98% shareholder, Erste Group Bank AG, reflecting what Fitch views as an extremely high propensity to provide support to CS. KB's Long-term IDR is driven by potential support from its majority shareholder, Societe Generale.

  • Czechs, Poles cast off emerging market tag Friday, 5 Oct 2012 | 11:05 AM ET

    LONDON, Oct 5- Tightly priced bond issues from the Czech Republic and Poland this week signal that they are casting off their emerging market label, leaving further behind other indebted Central and Eastern sovereigns.

  • TNK-BP aims to discuss dividends "over coming weeks" Friday, 5 Oct 2012 | 11:03 AM ET

    MOSCOW, Oct 5- Russia's third-largest crude producer TNK-BP, in which BP has put its 50 percent stake up for sale, said on Friday its board of directors will discuss a possible dividend pay out in the coming weeks. In July, AAR- BP's partners in the TNK-BP venture- blocked a $1 billion dividend from the Russian oil business.

  • Britain's Debenhams has high hopes for Russia Friday, 5 Oct 2012 | 11:01 AM ET

    MOSCOW, Oct 5- British department store group Debenhams expects to generate a fifth of its overseas sales by 2015 in Russia, which is set to become Europe's biggest retail market. Debenhams, which has been increasing sales at home despite a recession there, returned to Russia in September, six years after pulling out of the country because it was losing money.

  • UPDATE 2-CEZ dumps Areva from Temelin nuclear tender Friday, 5 Oct 2012 | 10:58 AM ET

    *CEZ says Areva fails to meet requirements. PRAGUE, Oct 5- Czech power group CEZ threw out Areva's bid for a multibillion-dollar contract to expand the Temelin nuclear power plant, leaving U.S. and Russian firms to contest the country's biggest-ever energy deal.

  • MegaFon moves closer to London IPO-sources Friday, 5 Oct 2012 | 10:37 AM ET

    MOSCOW, Oct 5- Russia's second-largest mobile phone operator MegaFon may start pre-marketing for its London IPO next week, but is yet to make a final decision regarding timing, three sources familiar with the situation said.

  • Ukraine CPI rises 0.1 pct m/m in September Friday, 5 Oct 2012 | 10:35 AM ET

    KIEV, Oct 5- Ukrainian consumer prices rose by 0.1 percent month-on-month in September after falling by 0.3 percent in August, the State Statistics service said on Friday.

  • *Merger would form Greece's biggest lender* Shares suspended pending announcements* NBG, Eurobank hold board meetings By George Georgiopoulos and Lefteris Papadimas.

  • *Fred Hassan to become nonexecutive chairman in January. Oct 5- Avon Products Inc said Executive Chairman Andrea Jung, who was replaced as chief executive officer in April, would step down from the board at the end of 2012, ending what became a tumultuous tenure in recent years and sending the company's shares up nearly 6 percent.

  • PRAGUE, Oct 5- The Czech Telecommunication Office has accepted all four bids it received for a planned sale of frequencies for fourth-generation mobile telephone networks, including one from a possible new market player, it said on Friday.

  • Oil falls even after positive US jobs report Friday, 5 Oct 2012 | 9:48 AM ET

    Benchmark oil is now down $1.25 to $90.46 per barrel in New York. Traders are trying to gauge the strength of global oil demand while watching developments surrounding Syria in the Middle East. In London, Brent crude, which is used to price international varieties of oil, was down 8 cents to $112.50.

  • Russian carmaker AvtoVAZ moves back into profit Friday, 5 Oct 2012 | 9:48 AM ET

    MOSCOW, Oct 5- Russian carmaker AvtoVAZ made an underlying net profit of 700 million roubles in the first half of the year, it reported on Friday, which compared with a 500 million-rouble loss in the same period last year despite a fall in vehicle sales.

  • Oct 05- Fitch Ratings has affirmed Slovakia- based Slovenska Sporitelna's Long-term Issuer Default Rating at' A' with a Stable Outlook and its Viability Rating at' bbb'. SLSP's Long-term IDR is equalised with that of its 100% ultimate shareholder, Erste Group Bank AG, reflecting Fitch's view that the parent would be extremely likely to provide support to SLSP.

  • MOSCOW, Oct 5- Russian Railways is likely to finance the 800 million euro purchase of a stake in logistics firm Gefco through a loan from Russian bank VTB, two industry sources told Reuters on Friday.

  • By Jan Lopatka and Martin Santa. BRATISLAVA, Oct 5- Poor European Union states must fight hard to prevent richer members from cutting development aid for the rest of this decade or growth across the entire bloc could be undermined, the head of the EU executive said on Friday.

  • CEE POWER-Czech spot, Cal'13 up on low temperatures Friday, 5 Oct 2012 | 9:11 AM ET

    *CEZ excludes Areva from nuclear tender. Power for Monday was traded at 51.50 euros per megawatt hour on the over-the-counter market, compared to 41.60 euros on the prior day, while the Cal'13 was traded at 47.20 euros, up 10 cents from Thursday.

  • Areva's bid to build Czech reactors rejected Friday, 5 Oct 2012 | 9:01 AM ET

    PRAGUE-- Czech state-run power utility CEZ says it has rejected a bid by France's state-owned nuclear engineering giant Areva SA to build two more nuclear reactors at the Temelin nuclear plant. CEZ says Areva's bid has not met necessary criteria to run for the contract, estimated to be worth more than $10 billion.

  • Russia's Sakhalin-2 sees flat oil output in 2012 Friday, 5 Oct 2012 | 8:50 AM ET

    MOSCOW, Oct 5- Russia's Pacific Sakhalin-2 project, in which Shell owns a 27.5 percent stake, expects no change to its oil production this year, a spokesman for the operator said on Friday, refuting media reports of a possible decline.

  • Poland's health care marches for job security Friday, 5 Oct 2012 | 8:40 AM ET

    WARSAW, Poland-- Thousands of health care workers are marching in Warsaw to demand higher pay and protest government plans to privatize parts of the health care system. Nurses from Belgium, France, Greece and other European Union nations also joined the Friday rally.