Eastern Europe


  • 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.

  • PRAGUE, Oct 5- Czech power group CEZ has disqualified Areva from a multibillion-dollar tender to expand the Temelin nuclear power plant because the French company failed to meet certain requirements for the project, CEZ said on Friday.

  • *Board did not agree whether extra easing tools needed. PRAGUE, Oct 5- The Czech central bank board is divided over whether further monetary easing is needed to prop up the recession-hit economy, minutes from the bank's Sept. 27 meeting showed on Friday.

  • ATHENS, Oct 5- Two of Greece's biggest banks, National and Eurobank, are in merger talks to create the country's biggest lender, banking sources said on Friday.

  • DUBLIN, Oct 5- Irish property developer Treasury Holdings is to be wound up, a Dublin court heard on Friday, making it one of the biggest and most high-profile casualties of a property crash that led the country into an EU/IMF bailout.

  • Genel could halt Kurdish oil exports over pay delay Friday, 5 Oct 2012 | 7:56 AM ET

    LONDON, Oct 5- Iraqi Kurdistan's leading oil producer, Genel Energy, said on Friday it may halt exports after receiving no payment three days after Baghdad insisted a transfer of funds to the semi-autonomous region had begun.

  • German group T-Mobile, Spanish company Telefonica's Czech unit Telefonica CR, British operator Vodafone, and Czech financial firm PPF's unit PPF Mobile Services all applied.

  • BUDAPEST, Oct 5- Hungary moved closer to a financing deal with foreign lenders on Friday by scrapping a disputed tax on its central bank and unveiling a swathe of new measures to keep its deficit under control.

  • LONDON, Oct 5- South Africa's rand plunged 2 percent on Friday to just shy of a three-year low against the dollar as labour unrest swept the country, while Turkish assets stabilised after the previous day's sell-off caused by political concerns.

  • Oct 05- Fitch Ratings has affirmed UK- incorporated Ukrainian iron ore pellets producer Ferrexpo Plc's Long-term foreign currency Issue Default Rating at' B', and its Short-term foreign currency IDR at' B'.

  • CEZ excludes Areva from Temelin tender Friday, 5 Oct 2012 | 7:37 AM ET

    excluded France's Areva from its multi-billion dollar tender to expand the Temelin nuclear power plant after it failed to fulfil all requirements, CEZ said on Friday. The remaining two bidders are Toshiba unit Westinghouse and Russia's Atomstroyexport. Areva has the option to appeal, CEZ said.

  • *Shares in Shaft Sinkers fall more than 7 percent. MOSCOW, Oct 5- EuroChem, Russia's largest mineral fertilizer producer, said on Friday it had filed an $800 million compensation claim against Shaft Sinkers for delays to the building of a lift shaft at one of its potash projects.

  • Oct 05- A peaceful transfer of power following Georgia's parliamentary elections reflects positively on the country's institutions, Fitch Ratings says, but may be partly offset by an increase in policy uncertainty. The poll held 1 October was a test of Georgia's capacity to hold competitive elections.

  • By Jason Bush and Maya Dyakina. MOSCOW, Oct 5- Russia's central bank kept key interest rates unchanged at its monthly policy meeting on Friday, but future rate hikes remain likely given the bank's emphasis on inflationary risks. "The statement was relatively hawkish," said Clemens Grafe, chief Russia economist at Goldman Sachs.

  • DUBLIN, Oct 5- Irish property developer Treasury Holdings is to be wound up, a Dublin court heard on Friday, making it one of the biggest and most high-profile casualties of a property crash that led the country into an EU/IMF bailout.

  • MOSCOW, Oct 5- Russian potash miner Uralkali. said on Friday its potash production decreased to 2.6 million tonnes in the third quarter of 2012 from 2.8 million tonnes in the corresponding period of last year. During the first nine months of 2012, the company produced 7.4 million tonnes of potassium chloride, it added.

  • Russia EuroChem claims $800 mln from Shaft Sinkers Friday, 5 Oct 2012 | 6:19 AM ET

    MOSCOW, Oct 5- EuroChem, Russia's top mineral fertilizer producer, said on Friday it has filed a $800 million claim with international chambers of commerce against Shaft Sinkers for "failure to complete the construction of the cage shaft".

  • *FTSEurofirst 300 up 0.7 pct, MSCI global index up 0.3 pct. *U.S. stocks seen slightly higher, US payrolls data due 1230 GMT.