Eastern Europe


  • *Turkey strikes on Syria raise regional security fears. NEW YORK, Oct 4- Oil prices rose on Thursday as Turkey's retaliatory strikes on a Syria sparked additional concern about potential disruptions to Middle East oil supply, while U.S. gasoline futures rallied after a fire at a refinery in Texas.

  • Cyprus aims for 11.5 bln euro bailout package Thursday, 4 Oct 2012 | 11:06 AM ET

    NICOSIA, Cyprus-- Cyprus is aiming to get a bailout of about 11.5 billion from the other 16 countries that use the euro to recapitalize its troubled banks and pay its bills, officials said Thursday _ significantly less than what its potential rescuers estimate it needs.

  • PREVIEW-Russia central bank seen taking rate hike pause Thursday, 4 Oct 2012 | 10:15 AM ET

    *What: Russian central bank October policy meeting. By Jason Bush and Maya Dyakina. MOSCOW, Oct 4- Russia's central bank is expected to keep its key interest rates on hold at its monthly policy meeting on Friday, but most analysts expect it to resume hiking rates in the near future.

  • TNK-BP says halts Saratov refinery after fire Thursday, 4 Oct 2012 | 10:12 AM ET

    MOSCOW, Oct 4- Russia's third-largest crude producer TNK-BP said on Thursday it has suspended oil processing at its Saratov refinery hit by fire. The cause of fire and damage are being investigated, " TNK-BP press service said citing the plant's director general Konstantin Gusarov.

  • BUDAPEST, Oct 4- Hungary's Economy Ministry has presented the government with a 1 trillion forint menu of tax rise options and spending cuts to reduce next year's budget deficit and avert the loss of European Union funds, news website origo.hu reported.

  • MOSCOW, Oct 4- Saratov oil refinery, owned by Anglo-Russian company TNK-BP, on Thursday suspended refined products output due to fire, Interfax news agency reported citing a local government official. A TNK-BP spokesman declined to comment.

  • Oct 4- Fitch Ratings has assigned Russian Standard Finance S.A.' s USD350m 10.75% five and a half year subordinated issue of limited recourse loan participation notes, due 10 April 2018, a final' B-' rating and Recovery Rating of' RR6'.

  • Oct 4- Rupert Murdoch conceded defeat this week in his battle with Google and the Internet, an adversary even more powerful than the British government. Coincidentally, News Corp, Murdoch's holding company, announced the departure of its chief digital officer, Jonathan Miller.

  • VIENNA, Oct 4- Europe is unlikely to benefit soon from a coming golden age of natural gas as unconventional sources will not transform supply of the fuel and oil-linked contracts will keep its prices high, the head of the International Energy Agency said.

  • Oct 04- Fitch Ratings has affirmed Orbis SA's National Long- term rating at' BBB+'.

  • Hungary slot-machine ban bucks regional trend Thursday, 4 Oct 2012 | 9:30 AM ET

    Whatever the case, Hungary's decision to ban the ubiquitous slot machines seen in pubs, bars and parlors across the country goes against a gambling boom seen elsewhere in Eastern Europe, even as economic times get tougher.

  • ATHENS, Oct 4- Sentiment on Greece's economy weakened slightly in September as a marked drop in consumer confidence offset improved prospects in industry and services, the country's leading economic institute said on Thursday.

  • MOSCOW, Oct 4- Russian steelmaker Severstal. Severstal managed to cut the final yield from 5.90-6.00 percent set earlier, which was also down from an initial level of around 6.125 percent, IFR said.

  • SOFIA, Oct 4- Czech power firm Energo-Pro has boosted its stakes in two Bulgarian power distribution units to over 84 percent after Bulgaria auctioned most of its 33 percent holdings in them, the company said on Thursday.

  • INDICATORS - Bulgaria - Updated Oct 4 Thursday, 4 Oct 2012 | 8:47 AM ET

    New items are marked by asterisk-------------------------------------------------------------- INDUSTRIAL OUTPUT JULY/12 JUNE/12 JULY/11 m/m pct change +0.4 -0.4 +2.6. y/y pct change +0.4 +2.2 +7.4--------------------------------------------------------------. INDUSTRIAL SALES JULY/12 JUNE/12 JULY/11 m/m pct change +9.4 -4.2 +1.4 y/y pct change +9.2 +1.2 +15.0.

  • --We are assigning our' B' long- and short-term and' ruA-' Russia national scale ratings to Russia- based Baltic Financial Agency Bank. On Oct. 4, 2012, Standard& Poor's Ratings Services assigned its' B' long-term and' B' short-term counterparty credit ratings to Russia- based Baltic Financial Agency Bank.

  • *Gazprom's German partner remains keen on Siberian gas. FRANKFURT, Oct 4- The oil and gas arm of BASF. Wintershall a year ago agreed with gas producer Gazprom a swap of stakes in its gas fields in the North Sea in return for more stakes in the Achimov layers of the Urengoy deposit in Siberia.

  • MOSCOW, Oct 4- Russia's consumer price index rose by 0.6 percent month-on-month in September after rising 0.1 percent in August, the Federal Statistics Service said on Thursday. Annual inflation accelerated to 6.6 percent in September from 5.9 percent in August.

  • TNK-BP's Saratov oil refinery hit by fire-spokesman Thursday, 4 Oct 2012 | 8:17 AM ET

    MOSCOW, Oct 4- Saratov oil refinery, owned by Anglo-Russian company TNK-BP, caught fire on Thursday, a TNK-BP spokesman told Reuters. "The refinery caught fire," Dmitry Sergeev said without elaborating. Saratov refinery, located by 850 km south-east of Moscow, produces around 130,000 barrels per day of refined products.

  • (Corrected after Russian newswires corrected reports to say TNK-BP refinery hit by fire, corrects oil plant's title to make clear it is a refinery not chemical plant). MOSCOW, Oct 4- Saratov oil refinery, a plant controlled by Russia's TNK-BP, has been hit by fire on Thursday, Russian news agencies report citing the Emergencies Ministry.