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Eastern Europe

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  • 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.

  • Russia watchdog positive on Telenor's Vimpelcom offer Wednesday, 3 Oct 2012 | 7:39 AM ET

    MOSCOW, Oct 3- Russia's competition regulator is positive toward Telenor's proposal to reach parity ownership in telecoms group Vimpelcom with Russian co-investor Altimo, its head said on Wednesday.

  • WARSAW, Oct 3- Poland's central bank will announce its monthly interest rate decision at 1140 GMT, the bank said in a statement on Wednesday.

  • Lithuania hits Gazprom with $1.9 billion claim Wednesday, 3 Oct 2012 | 7:32 AM ET

    VILNIUS, Lithuania-- Lithuania's government said Wednesday it planned to file a 1.45 billion claim against Russia's Gazprom, alleging that the world's largest natural gas company has hiked prices unfairly.

  • Oct 03- The increase in the Polish government's expected deficit in its 2013 budget reflects a more realistic forecast of the economy, rather than any weakening in the Polish government's commitment to fiscal prudence, Fitch Ratings says. Slower growth remains the principal risk to successful financial consolidation.