Eastern Europe


  • INTER RAO Lietuva plans Warsaw IPO - shareholder Tuesday, 2 Oct 2012 | 7:44 AM ET

    MOSCOW, Oct 2- INTER RAO Lietuva, a Baltic electricity trader 51 percent owned by Russia's InterRAO, plans to hold an initial public offering in Warsaw at the end of 2012 or the beginning of 2013, an InterRAO official said.

  • UPDATE 1-Strong BCP cash call keeps state away Tuesday, 2 Oct 2012 | 7:32 AM ET

    LISBON, Oct 2- A 500 million euros cash call by Portugal's Millennium BCP, was fully subscribed by private investors, meaning the state will not become a shareholder, the bank's chief executive said.

  • *Commission cannot force member states to apply recommendations. BRUSSELS, Oct 2- Europe's nuclear reactor fleet needs investment of 10 billion to 25 billion euros, a draft Commission report said, following a safety review designed to ensure there is never a repeat of the Fukushima nuclear disaster.

  • Imofinanz to invest 115 mln euros in Polish retail Tuesday, 2 Oct 2012 | 7:26 AM ET

    VIENNA, Oct 2- Austrian property group Immofinanz. Immofinanz said it planned to start construction this month with the opening scheduled for 2014. It said it was already in intensive negotiations with international and local retailers for occupancy of the centre's 150 retail units and food outlets.

  • Asia Naphtha/Gasoline-Naphtha margins snap gains Tuesday, 2 Oct 2012 | 7:15 AM ET

    SINGAPORE, Oct 2- The Asian naphtha price extended losses on Tuesday to reach a three-session low of $966 while margins snapped four sessions of gains and fell to $124.95 a tonne as squeezed petrochemical margins overshadowed the firm gasoline prices in the West.

  • UPDATE 2-Talanx shares rise in IPO debut Tuesday, 2 Oct 2012 | 7:08 AM ET

    *Talanx CEO says no big takeovers planned in next 2 years. FRANKFURT, Oct 2- Shares in Talanx, Germany's third-biggest insurer, inched higher on their Frankfurt stock market debut on Tuesday, vindicating the company's decision to go ahead with the share sale after dithering last month over the state of Europe's fragile IPO market.

  • Serb workers end Danube blockade, navigation resumes Tuesday, 2 Oct 2012 | 6:54 AM ET

    BELGRADE, Oct 2- Workers at a Serbian shipping company on Tuesday ended their blockade of the Danube river, one of Europe's main waterways, which started last week in protest over wage arrears.

  • Poland to price new benchmark at tight end Tuesday, 2 Oct 2012 | 6:50 AM ET

    LONDON, Oct 2- The Republic of Poland, rated A2/A-/A-, will price a new 12- year euro benchmark well inside where it first started to sound out investors after demand reached over EUR3.3bn.

  • STOCKHOLM, Oct 2- Syria's civil war has made Friday afternoons a busy time at Bambuser, a tiny Swedish IT startup in an old bicycle factory which streams live video from the latest uprisings.

  • WARSAW, Oct 2- Poland will oblige natural gas monopoly PGNiG to offer 30 percent of its sales on the country's fledgling gas exchange to inspire the liberalisation of central and eastern Europe's largest gas market, a ministry official said on Tuesday.

  • Russia's Tatneft H1 net profit falls 17 pct y/y Tuesday, 2 Oct 2012 | 6:31 AM ET

    MOSCOW, Oct 2- Russian mid-sized oil producer Tatneft said on Tuesday its first-half net profit declined 17 percent, year-on-year, to 32.9 billion roubles on the back of higher taxes.

  • Russian economy to keep growing - Putin Tuesday, 2 Oct 2012 | 6:30 AM ET

    MOSCOW, Oct 2- Russia's economy should sustain its current 4 percent growth rate over the next three years, President Vladimir Putin said on Tuesday. Although growth would be slower than before the 2008-09 crisis it would be "more balanced and of higher quality", Putin told an investment conference hosted by VTB Capital.

  • Failed rescue of Romania chemical co draws protest Tuesday, 2 Oct 2012 | 6:26 AM ET

    BUCHAREST, Romania-- Hundreds of workers have protested at a Romanian chemical plant after the government scrapped the sale of the debt-ridden company, saying the prospective buyer had failed to prove he could pay.

  • LONDON, Oct 2- Emerging stocks hit 11- day highs on Tuesday and emerging debt spreads tightened on mounting expectations of an imminent bailout request from Spain, while the forint weakened on expectations of lower interest rates in Hungary.

  • BCP cash call fully subscribed by investors-CEO Tuesday, 2 Oct 2012 | 6:23 AM ET

    LISBON, Oct 2- A planned 500- million-euro cash call by Portugal's largest listed bank by assets, Millennium BCP, was entirely subscribed by private investors, the bank's chief executive said on Tuesday.

  • WARSAW, Oct 2- Poland will oblige its gas monopoly PGNiG to offer 30 percent of its sales on the country's fledgling gas exchange to inspire liberalisation of Central and Eastern Europe's largest gas market, a ministry official said on Tuesday.

  • *Oil output at TNK-BP falls almost 1 pct in Sept vs Aug. Russia's oil output edged up 0.3 percent in September compared with August to reach 10.41 million barrels per day, encouraged by oil price increases.

  • NORWAY GAS-Exports rise on higher flows to France Tuesday, 2 Oct 2012 | 5:52 AM ET

    OSLO, Oct 2- Norwegian gas exports to Europe rose early on Tuesday because of higher flows to France, but that was partly offset by a fall in deliveries to Britain. Exports to Europe including Britain were up by 14.7 million cubic metres to 274.1 mcm per day at 0800 GMT, compared with the day before, data from Norway's gas system operator Gassco showed.

  • Russian stocks, rouble weaken after rally Tuesday, 2 Oct 2012 | 5:45 AM ET

    MOSCOW, Oct 2- Russian shares fell on Tuesday after a rally the day before, led by the heavyweight energy sector, and the rouble edged lower, showing little reaction to comments by the central bank on inflation concerns ahead of a policy meeting. "With oil prices Urals in the range of $110- 115 per barrel, we see fundamental factors to be supportive for rouble stability.

  • Interest in Poland 12-yr euro bond over EUR2.5bn Tuesday, 2 Oct 2012 | 5:44 AM ET

    LONDON, Oct 2- The Republic of Poland has opened books on its new 12- year Eurobond with official guidance set at mid-swaps plus 145 bp area, said an official managing the deal. Commerzbank, HSBC, ING and SG CIB received indications of interest totalling EUR2.5bn when sounding out investors earlier on Tuesday morning at swaps plus 150 bp area.