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Eastern Europe

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  • In Georgia, where guest is God, tourism thrives Tuesday, 16 Oct 2012 | 3:01 AM ET

    BATUMI, Georgia-- Georgia's Black Sea resort of Batumi was once a bleak site: Roads were dotted with potholes, the city was pitch dark at night, running water was scarce and the city's best hotel was infested with rats.

  • Russia's Medvedev calls for ban of tobacco ads Tuesday, 16 Oct 2012 | 2:29 AM ET

    MOSCOW-- Russia's Prime Minister Dmitry Medvedev on Tuesday called for a ban on all tobacco ads, as the government prepares a bill that would also phase out smoking in public. World Health Organization says that some 40 percent of Russia's adult population smokes, one of the highest rates in the world.

  • Spain May Pay Price for Delaying Aid Request Monday, 15 Oct 2012 | 3:50 PM ET

    Spanish Prime Minister  Mariano Rajoy has deferred seeking help from a financial assistance program that Europe has tailored to Spain’s needs. But many are increasingly worried about the costs of further delay.

  • World matched record for hottest September _ again Monday, 15 Oct 2012 | 1:24 PM ET

    Last month's average temperature was 60.2 degrees Fahrenheit worldwide, which is 1.2 degrees above normal, the National Oceanic and Atmospheric Administration said Monday. NOAA climate monitoring chief Deke Arndt said it may be worth studying why September, more than other months, keeps setting world records.

  • Lithuanians deal blow to austerity, nuclear plans Monday, 15 Oct 2012 | 11:50 AM ET

    "Promises that the new government will stop saving and start spending big-time are unrealistic," said Nerijus Maciulis, analyst at Swedbank. " Otherwise Lithuania will soon find itself in a situation similar to Greece. "

  • Germans face hefty bill to end nuclear power Monday, 15 Oct 2012 | 9:52 AM ET

    BERLIN-- There were cheers around Germany when Chancellor Angela Merkel announced last year, in the wake of the Fukushima disaster in Japan, a swift end to nuclear power in favor of renewable energy sources like wind and solar.

  • Lithuanians reject euro-driven austerity drive Monday, 15 Oct 2012 | 7:29 AM ET

    VILNIUS, Lithuania-- Lithuanians have dealt a blow to the conservative government's vision of a nation that would become a regional energy powerhouse and a member of the euro. Instead, they voted Sunday for politicians likely to dump austerity and rejected a plan to build a nuclear plant that could have made the country a net energy exporter.

  • Once star of EU newcomers, Slovenia falters Monday, 15 Oct 2012 | 3:07 AM ET

    LJUBLJANA, Slovenia-- Andrej Plut has always thought he was fortunate to live in Slovenia, at one time the most prosperous of the former republics of Yugoslavia and a star among the eastern European states that joined the EU after the fall of communism.

  • Lithuanians sway toward opposition parties Sunday, 14 Oct 2012 | 7:09 PM ET

    All three parties promised radical policy changes, including increased wages and lower taxes, while the Social Democrats said that Lithuania should postpone introducing the euro until Europe could straighten out its current financial mess.

  • Lithuanian voters swing to opposition parties Sunday, 14 Oct 2012 | 4:13 PM ET

    VILNIUS, Lithuania-- Opposition populists and leftists in crisis-worn Lithuania hinted they were prepared to form a government coalition after an exit poll late Sunday indicated their parties would take first and second place in the country's parliamentary elections.

  • Smoke forces plane evacuation in Turkey Sunday, 14 Oct 2012 | 7:49 AM ET

    ANKARA, Turkey-- Passengers, some in a panic, were evacuated from a plane at Turkey's Antalya airport early Sunday after crew members reported smoke inside the cockpit, airline officials and state media said.

  • Nine other euro zone states joined France and Germany-- which have strongly pushed the measure-- in approving the tax at a European Union finance ministers meeting in Brussels this week, despite vocal opposition from Britain and Sweden. After heavy diplomatic pressure from Berlin, Spain and Italy agreed to support the measure, as well as Slovakia and Estonia.

  • Tusk said he would find billions of euros for investment in energy and other infrastructure 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.

  • Poland's Ciech sells unit to BASF for 43 mln euros Friday, 12 Oct 2012 | 1:14 PM ET

    WARSAW, Oct 12- Poland's chemical group Ciech. agreed to sell part of its toluene diisocyanate business to Germany's BASF for 43 million euros, Ciech said late on Friday. Ciech expects to close the deal in the first quarter of 2013..

  • WARSAW, Oct 12- The biggest shareholder in beleaguered Polish builder Polimex on Friday proposed watering down the management's plan to raise around 500 million zlotys, three days before the plan is to be voted on by shareholders.

  • MOSCOW, Oct 12- TNK-BP will appoint its former head of power and gas to temporarily run the upstream division after the departure of Alexander Dodds, two sources close to the Anglo-Russian oil venture said on Friday.

  • DIARY - Slovakia - to October 16, 2012 Friday, 12 Oct 2012 | 11:39 AM ET

    BRATISLAVA- The legal deadline for the government to submit the 2013 state budget draft to the parliament. BRATISLAVA- The finance ministry's Debt and Liquidity Management Agency to auction 4.35 percent coupon state bonds due Oct. 2025.

  • --We are assigning our' BBB-' issue rating to Prologis European Properties Fund II FCP' s proposed $300 million senior unsecured notes to be issued through its financing vehicle Prologis International Funding II S.A..

  • MOSCOW, Oct 12- TNK-BP will appoint its former head of power and gas to run the upstream division after the departure of Alexander Dodds, two sources close to the Anglo-Russian oil venture said on Friday.

  • UPDATE 1-Russian shares hurt by growth worries, IPOs Friday, 12 Oct 2012 | 10:57 AM ET

    By Maya Dyakina and Zlata Garasyuta. MOSCOW, Oct 12- Russian stocks ended the week in the red with miners pressured by concerns over the global economic outlook and as investors stocked up with cash ahead of public share offerings. Metal and mining companies were in the firing line, with Novolipetsk Steel.