GO
Loading...

Eastern Europe

More

  • *Turkey- Syria tensions, lower N.Sea output support. LONDON, Oct 12- Oil fell below $115 a barrel on Friday, as a prediction of a further decline in oil consumption and higher supplies offset concerns about potential output disruptions in the Middle East.

  • MOSCOW, Oct 12- Russian private healthcare provider MD Medical Group's London listing got off to a smooth start, with its global depositary receipts trading at a 3 percent premium to their issue price on the first morning.

  • PRAGUE, Oct 12- Russian steelmaker Evraz has temporarily shut its Czech steel production line due to low demand and the company's effort to run down its raw materials inventory, a spokesman said on Friday. The Vitkovice steel mill is a key customer of the Czech unit of ArcelorMittal which supplies it with raw materials.

  • TEXT-S&P summary: Mosenergo (AO) Friday, 12 Oct 2012 | 6:57 AM ET

    Oct 12-=============================================================================== Summary analysis-- Mosenergo-------------------------------- 12- Oct-2012=============================================================================== CREDIT RATING: BB/Stable/-- Country: Russia Primary SIC: Electric Services Mult. The rating on Russian electricity and heat generator Mosenergo reflects the company's stand-alone credit profile, which Standard& Poor's Ratings Services assesses at' bb-'.

  • Tusk said he would find billions of euros for investment in energy and other infra-structure projects, while at the same time keeping a tight rein on government borrowing in Poland, eastern Europe's largest economy. Poland has been a rare bright spot in Europe over the past few years, managing to sustain robust growth even while its neighbours slumped.

  • Tusk said he would find billions of euros for investment in energy and other infra-structure projects, while at the same time keeping a tight rein on government borrowing in Poland, eastern Europe's largest economy. Poland has been a rare bright spot in Europe over the past few years, managing to sustain robust growth even while its neighbours slumped.

  • WARSAW, Oct 12- Poland's largest bank, state-controlled PKO BP, plans to issue eurobonds worth "hundreds of millions of euros", but this was more likely next year than in 2012, its deputy chief executive said on Friday.

  • Crisis-ridden EU wins Nobel Peace Prize Friday, 12 Oct 2012 | 6:16 AM ET

    OSLO, Norway-- The European Union won the Nobel Peace Prize on Friday for promoting peace and democracy in Europe _ an honor that came as 27- nation bloc was struggling with its biggest crisis since it was created in the 1950 s.

  • Russia's O'Key Q3 same-store sales rise 4.5 pct Friday, 12 Oct 2012 | 6:08 AM ET

    MOSCOW, Oct 12- Russian food retailer O'Key. reported on Friday a 4.5 percent rise in third-quarter like-for-like sales, after an increase of 4.0 percent in the previous quarter. Total net retail sales rose 26.1 percent, year-on-year, to stand at 27.5 billion roubles, driven by growth in selling space.

  • MOSCOW, Oct 12- Gazprombank, Russia's No. 3 lender by assets, has mandated banks to hold meetings with investors as it eyes a possible subordinated perpetual Eurobond offering, IFR and a banking source said on Friday.

  • *Turkey- Syria tensions, lower N.Sea output support. LONDON, Oct 12- Oil fell below $115 a barrel on Friday, as a prediction of a further decline in oil consumption and higher supplies offset concerns about potential output disruptions in the Middle East.

  • EMERGING MARKETS-Turkish stocks rally, forint strong Friday, 12 Oct 2012 | 5:37 AM ET

    LONDON, Oct 12- Turkish stocks extended gains on Friday as investors welcomed strong balance of payments data and the government's tough stance on Syria, while the forint rose after Hungary's leader talked up prospects of an IMF deal.

  • In a signal to markets concerned that Tusk should not stray from his policy of prudent fiscal policy, he said the investments would not add to the debt or deficit in Poland, eastern Europe's largest economy. "There is no other way for Poland than sustaining growth through investments," Tusk told parliament in a speech. "

  • MOSCOW, Oct 12- Russian shares were set to end the week in the red on Friday, as investors remained cautious over the failing health of the global economy, while the rouble was steady ahead of monthly tax payments. At 0824 GMT, the dollar-traded RTS index.

  • VW eyes budget brand by 2015 to rival Dacia-sources Friday, 12 Oct 2012 | 5:13 AM ET

    *Cars to be priced between 5,000- 10,000 euros- sources. BERLIN, Oct 12- German carmaker Volkswagen. Europe's biggest carmaker is eyeing a price range of between 5,000 and 10,000 euros for the budget cars which may include a van, estate and a small sedan, the sources said, confirming a report in German business daily Handelsblatt.

  • WARSAW, Oct 12- Poland's planned multi-billion euro public investment plan announced by Prime Minister Donald Tusk will not lead to a widening of the country's fiscal deficit in 2013, Finance Minister Jacek Rostowski said on Friday.

  • Eastern Europe gives Volkswagen a sales boost Friday, 12 Oct 2012 | 5:08 AM ET

    BERLIN-- Strong sales in Eastern Europe helped Volkswagen AG post a 6.5 percent increase in September sales over the same month last year, despite difficulties caused by the European financial crisis. Volkswagen said Friday it sold 801,000 vehicles in September, against 751,900 in September 2011.

  • WARSAW, Oct 12- Poland will create a fund at the state bank BGK and transfer shares of state-owned companies to bolster it with 10 billion zlotys, Finance Minister Jacek Rostowski said on Friday. Treasury minister Mikolaj Budzanowski added that starting from 2014 privatisation revenues will be directed to BGK to suport public investments.

  • Gas producers, buyers square up in pricing deadlock Friday, 12 Oct 2012 | 5:02 AM ET

    *Tokyo Gas says oil-indexation "not rational". Producers BG Group, Russia, Norway and Qatar regard them as cornerstones of the business. Tokyo Gas, Japan's single biggest importer of oil-linked, called the global gas pricing mechanism "not rational" in light of cheap U.S. gas exports expected to flood markets by 2016..

  • MOSCOW, Oct 12- Russian private healthcare provider MD Medical Group's London listing got off to a smooth start, with its global depositary receipts trading at a 3 percent premium to their issue price on the first morning.