Eastern Europe


  • 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.

  • INDICATORS - Bulgaria - Updated Oct 12 Friday, 12 Oct 2012 | 4:43 AM ET

    New items are marked by asterisk-------------------------------------------------------------- INDUSTRIAL OUTPUT AUG/12 JULY/12 AUG/11 m/m pct change +1.0 0.0 -1.5. y/y pct change +2.0 -0.5 +2.8--------------------------------------------------------------. INDUSTRIAL SALES AUG/12 JULY/12 AUG/11 m/m pct change -4.5 +9.7 +3.2 y/y pct change +1.7 +9.5 +16.0.

  • SOFIA, Oct 12- Bulgaria's annual inflation jumped to 4.9 percent on the year in September, from August's 3.9 percent, driven by a spike in food, energy and transport costs, statistics office data showed on Friday.

  • WARSAW, Oct 12- Poland will ensure its debt and deficit remain in check, despite the country's planned boost to public investment, Prime Minister Donald Tusk said in parliament on Friday. "There is no other way for Poland than sustaining economic growth through investments," he said. " We will fight to ensure the debt and deficit at safe levels. "

  • WARSAW, Oct 12- Poland plans to invest 50 billion zlotys in the shale gas sector by 2016, Prime Minister Donald Tusk said in a speech in parliament on Friday.

  • WARSAW, Oct 12- Poland will support public investment with 40 billion zlotys channelled though the state bank BGK by 2015 to sustain economic growth, Prime Minister Donald Tusk said in parliament on Friday.

  • TEXT-S&P summary: Groupe Auchan S.A. Friday, 12 Oct 2012 | 3:58 AM ET

    Oct 12-=============================================================================== Summary analysis-- Groupe Auchan S.A.---------------------------- 12- Oct-2012=============================================================================== CREDIT RATING: A/Stable/A-1 Country: France Primary SIC: Miscellaneous retail stores, nec=============================================================================== Credit Rating History: Local currency Foreign currency 30- Jun-2003 A/A-1 A/A-1 05- Nov-2002--/ A-1--/ A-1=============================================================================== Rationale.

  • US: Hackers in Iran responsible for cyberattacks Friday, 12 Oct 2012 | 3:22 AM ET

    Just hours later, Defense Secretary Leon Panetta said the cyberthreat from Iran has grown, and he declared that the Pentagon is prepared to take action if American is threatened by a computer-based assault.

  • Cyprus president seeks union backing on austerity Friday, 12 Oct 2012 | 3:19 AM ET

    NICOSIA, Cyprus-- Cyprus' president appealed to trade unions on Friday to rally behind tough austerity measures that the government wants to negotiate with potential creditors in return for a multibillion euro bailout loan to prop up the country's ailing banks and economy.

  • NORWAY GAS-Flows to Europe rise strongly Friday, 12 Oct 2012 | 3:19 AM ET

    OSLO, Oct 12- Norwegian pipeline gas exports rose strongly on Friday morning on higher flows to Britain, indicating the Royal Dutch Shell's. Exports to Europe including Britain gained by 30.3 million cubic metres to 282.8 mcm per day by 0600 GMT compared with the 252.5 mcm daily average on Thursday, data from gas system operator Gassco showed.

  • UPDATE 1 - DIARY - Turkey - to Dec 5 Friday, 12 Oct 2012 | 3:11 AM ET

    *ISTANBUL- President Abdullah Gul to attend a ceremony with former British foreign minister Jack Straw. *ISTANBUL- Prime Minister Tayyip Erdogan will attend to Turkish-Kazakhstan Forum.

  • Lotos faces fight for Neste's gas stations -paper Friday, 12 Oct 2012 | 3:00 AM ET

    WARSAW, Oct 12- Polish refiner Lotos may have to fend off its larger domestic rival PKN Orlen to acquire Finnish Neste's 106 gas stations in Poland, the two groups said. The subject is being analysed by us, "Lotos' deputy head Mariusz Machajewski told daily Parkiet.

  • *Turkey- Syria tensions, lower N.Sea output support. SINGAPORE, Oct 12- Brent crude held above $115 a barrel on Friday, trading near four-week highs and on course for its biggest weekly gain in two months, supported by tensions between Turkey and Syria, lower output at North Sea oilfields and upbeat U.S. data.

  • BUDAPEST, Oct 12- Hungary is close to an agreement with the International Monetary Fund on setting up a financial safety net, Prime Minister Viktor Orban said on Friday. Orban said pressure on Hungary to secure a deal at all costs had abated and confidence in the country had strengthened recently.