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  • MOSCOW, Oct 3- A long-running campaign by Norwegian telecoms group Telenor for an increased stake in Russia's Vimpelcom won potentially important backing on Wednesday, as the Russian antitrust regulator said it was positive on a proposed deal.

  • MOSCOW, Oct 3- Russian precious metals miner Polymetal is likely to discuss in December whether to pay a special dividend, Chief Executive Vitaly Nesis said on Wednesday. The company, which joined London's FTSE 100 index last year, has a policy of paying a dividend of 20 percent of net earnings if the ratio for net debt to adjusted EBITDA is below 1.75.

  • Electricity for Wednesday delivery gained 13.80 euros to 44.90 euros per megawatt hour in the over-the-counter market after the Reunification Day holiday in neighbouring Germany had sapped demand a day earlier.

  • WARSAW, Oct 3- Poland's central bank will cut interest rates if incoming data and the November inflation projection show a protracted slowdown and limited price pressures, the bank's rate setting panel said on Wednesday in its post-meeting statement.

  • PRAGUE, Oct 3- Czech Labour and Social Affairs Minister Jaromir Drabek resigned on Wednesday after police charged his first deputy with bribery, another blow to the centre-right government already weakened by corruption scandals in the past year.

  • There were twice as many restaurant openings than closings in New York over the past year and diners still eat out three times per week-- the same number as in each of the past three years, according to the survey of 44,306 people, which will be released on Wednesday.

  • STOCKHOLM, Oct 3- Nordic telecoms firm TeliaSonera said on Wednesday it had appointed lawyers to investigate allegations of wrongdoing related to its purchase of a 3 G licence in Uzbekistan in 2007..

  • UPDATE 1-Bulgaria aims to keeps budget gap low in 2013 Wednesday, 3 Oct 2012 | 9:27 AM ET

    SOFIA, Oct 3- Bulgaria aims to keep its budget deficit unchanged at 1.3 percent of gross domestic product next year as growth picks up, hoping to avoid risking its currency peg to the euro, a draft budget showed on Wednesday.

  • Latvia to check for bank links with Magnitsky case Wednesday, 3 Oct 2012 | 9:18 AM ET

    RIGA, Oct 3- Latvia is to investigate whether the country's banks played any part in an alleged multi-million dollar Russian tax fraud made public by Sergei Magnitsky, a lawyer who died in detention in Russia in 2009..

  • PRAGUE, Oct 3- Czech Labour and Social Affairs Minister Jaromir Drabek resigned on Wednesday after police charged his first deputy with bribery.

  • MOSCOW, Oct 3- Promsvyazbank, one of Russia's largest privately owned lenders, set an indicative price range on Wednesday for its initial public offering of stock at $10- $12 per Global Depository Receipt.

  • Bulgaria aims to keeps budget gap low in 2013 Wednesday, 3 Oct 2012 | 8:45 AM ET

    SOFIA, Oct 3- Bulgaria aims to keep its budget deficit unchanged at 1.3 percent of gross domestic product next year thanks to expected 2013 economic growth of 1.9 percent, a draft budget showed on Wednesday.

  • The volatile Central Asian state has seen several assaults on the government since Kyrgyzstan's independence from the Soviet Union in 1991. The bloodiest protests, in March 2005 and April 2010, toppled two presidents, who then fled abroad.

  • Turkey's Vakifbank eyes possible privatisation Wednesday, 3 Oct 2012 | 8:34 AM ET

    ISTANBUL, Oct 3- Turkey's Treasury is taking a controlling stake in the country's seventh largest bank by assets, Vakifbank, which is expected to lead to a possible secondary offering at a later stage, its CEO said on Wednesday. Russia's Sberbank bought Turkey's DenizBank.

  • CEE MARKETS 3-Zloty jumps as Poland holds rates Wednesday, 3 Oct 2012 | 8:31 AM ET

    By Jason Hovet and Krisztina Than. PRAGUE/ BUDAPEST, Oct 3- The zloty jumped half a percent on Wednesday after the Polish central bank held interest rates, surprising analysts who had expected a cut to counter a slowdown in the region's largest economy.

  • Greece looks out to sea for gas wealth salvation Wednesday, 3 Oct 2012 | 8:13 AM ET

    LONDON/ MILAN, Oct 3- Offshore natural gas could dramatically change Greece's fortunes, should early estimates of $600 billion worth of reserves be confirmed, according to a study presented to Prime Minister Antonis Samaras in June and seen by Reuters.

  • Russian consumer prices up 0.1 pct in latest week Wednesday, 3 Oct 2012 | 8:00 AM ET

    MOSCOW, Oct 3- Russia's consumer prices rose 0.1 percent in the week to Oct 1 after rising 0.1 percent in the previous period, the Federal Statistics Service said on Wednesday. This brings inflation since the start of the year to 5.2 percent compared to 4.7 percent in the same period of 2011..

  • MOSCOW, Oct 3- Russia's central bank expects the country's current account surplus to disappear by 2015 but it hopes capital will also exit the country at a slower pace, keeping the currency market stable, according to its mid-term monetary strategy.

  • Lithuania seeks compensation from Gazprom over pricing Wednesday, 3 Oct 2012 | 7:46 AM ET

    "The dispute is connected with a 5- billion-litas overpayment for Gazprom gas, which was supplied to Lithuania under certain contracts," the Energy Ministry said in a statement, which was released as Lithuania heads to elections in two weeks.

  • WARSAW, Oct 3- Poland's central bank kept its key interest rate unchanged at 4.75 percent on Wednesday, defying expectations that it would cut borrowing costs to help the ailing economy. Twenty-one out of 27 analysts polled by Reuters last week had expected the bank's 10- strong Monetary Policy Council to cut the key rate by 25 basis points to 4.50.