GO
Loading...

Eastern Europe

More

  • Hungary to scrap transaction tax on central bank Friday, 5 Oct 2012 | 3:36 AM ET

    BUDAPEST, Oct 5- Hungary will scrap a tax on transactions conducted by the central bank and will offset the revenue loss by raising the tax on state treasury transactions and cash withdrawals from banks, the economy minister said on Friday. The transaction tax was a key sticking point in credit talks with the International Monetary Fund and the European Union.

  • NORWAY GAS-Flows to Europe rise as Kollsnes returns Friday, 5 Oct 2012 | 3:31 AM ET

    OSLO, Oct 5- Norwegian gas exports to Europe rose on Friday morning as key gas processing plant restarted after a power supply glitch shut it on Thursday. Exports to Europe including Britain rose by 47.8 million cubic metres to 287.4 mcm per day by 0715 GMT compared to 239.6 mcm daily average on Thursday.

  • Russia cbank leaves key rates unchanged Friday, 5 Oct 2012 | 3:31 AM ET

    MOSCOW, Oct 5- Russia's central bank kept key interest rates unchanged at its monthly policy meeting on Friday, after hiking rates across the board by 0.25 percent last month.

  • BUDAPEST, Oct 5- Hungary will raise its 2013 budget deficit target to 2.7 percent of GDP from 2.2 percent and will implement a budget adjustment programme worth 397 billion forints to achieve the new goal, the economy minister said on Friday.

  • Rouble cautious ahead of rate decision, stocks gain Friday, 5 Oct 2012 | 3:23 AM ET

    MOSCOW, Oct 5- The Russian rouble was little changed at Friday's opening, with investors unwilling to make strong moves ahead of the central bank's rate decision due later in the day. There was a small rebound in Moscow stocks, supported by relatively strong commodity prices and slight optimism from global investors.

  • PRAGUE, Oct 5- Czech retail sales fell 0.8 percent year-on-year in August, slightly weaker than expected and dragged lower by falling car sales, data showed on Friday. Overall adjusted sales on a month-on-month basis rose 0.1 percent, the statistics bureau said. MICHAL BROZKA, CHIEF ANALYST, RAIFFEISENBANK.

  • PRAGUE, Oct 5- Czech retail sales fell 0.8 percent year-on-year in August, slightly weaker than expected and dragged lower by falling car sales, data showed on Friday. Overall adjusted sales on a month-on-month basis rose 0.1 percent, the statistics bureau said. RADOMIR JAC, CHIEF ANALYST, GENERALI PPF ASSET MANAGEMENT.

  • UPDATE 1-Polimex says has buyers for two units Friday, 5 Oct 2012 | 3:16 AM ET

    WARSAW, Oct 5- Polish builder Polimex said it had binding offers for two non-core units and expected to raise at least 300 million zlotys from the sales as part of a wider salvage plan to keep the former bluechip afloat. "We have a few offers for both Sefako and Energomontaz Polnoc," Polimex spokesman Pawel Szymaniak said. "

  • Hungary lifts 2012 deficit goal to 2.7 pct/GDP Friday, 5 Oct 2012 | 3:14 AM ET

    BUDAPEST, Oct 5- Hungary will raise its 2012 budget deficit target by 0.2 percentage point to 2.7 percent of GDP and freeze 133 billion Hungarian forints in the budget to keep the deficit at levels agreed with the European Union, the economy minister said.

  • PRAGUE, Oct 5- Czech retail sales fell 0.8 percent year-on-year in August, slightly weaker than expected and dragged lower by falling car sales, data showed on Friday. Overall adjusted sales on a month-on-month basis rose 0.1 percent, the statistics bureau said. PAVEL SOBISEK, CHIEF ECONOMIST, UNICREDIT BANK.

  • WARSAW, Oct 5- The Polish zloty is trading at a level that allows the country to stay competitive, which might not be the case if the currency strengthened, the Deputy Finance Minister was quoted as saying.

  • Romania Jan-Aug energy production falls 2.6 pct y/y Friday, 5 Oct 2012 | 3:08 AM ET

    BUCHAREST, Oct 5- Romania's energy production fell 2.6 percent on the year in January-August, while imports were down 1.6 percent, data from the National Statistics Board showed on Friday. Below is a breakdown of energy resources and power production by type.

  • PRAGUE, Oct 5- The current Czech crown firming is surprising and stronger appreciation will need to be taken into account in future monetary policy deliberations, central bank board members repeatedly said, according to the minutes of the bank's Sept. 27 meeting. For HIGHLIGHTS from Sept 27 mtg............. For STORY from Sept 27 mtg..................

  • INDICATORS - Slovakia - Oct 5 Friday, 5 Oct 2012 | 2:36 AM ET

    NEW LISTINGS OR, AMENDMENTS ARE MARKED* KEY INTEREST RATES ECB'S TWO-WEEK REPO rate 0.75 last changed JULY 5, 2012 former rate 1.00 SLOVAK REAL GDP Q2/12 FLASH ESTIMATE +0.7 +2.7 SLOVAK REAL GDP Q2/12 Q1/12 Q2/11 FY/11 +2.8 +3.0 +3.5 +3.3 Final consumption Household -0.3 -0.1 -0.1 -0.4 Government -2.1 +0.4 -5.1 -3.5 Gross fixed capital formation -1.1 -3.9 +6.4 +5.7 Foreign trade balance exports of goods and services +8.9 +6.0 +13.1 +10.8 imports of goods and services +3.2 +2.1 +10.9 +4.5 SLOVAK REAL GDP FY/2011 +3.3 FY/2010 +4.2 FY/2009 -4.9 FY/2008 +5.9 FY/2007 +10.5 FY/2006 +8.3 FY/2005 +6.7 FY/2004 +5.1 FY/2003 +4.8 FY/2002 +4.6 FY/2001 +3.5 FY/2000 +1.4 C/A BALANCE JUNE 12 MAY 12 JUNE 11 +364.0 +449.0 -19.0 C/A BALANCE END-2011 END-2010 END-2009 +38.0 -1.637 -1.627 FOREIGN TRADE JULY 12 JUNE 12 JULY 11 JAN-DEC 11 Imports 4,578.9 4,983.0 4,227.5 53,966.1 Exports 4,977.9 5,331.9 4,252.6 56,407.9 Balance +399.0 +348.8 +25.1 +2,441.9 DYNAMICS OF TRADE nominal imports +8.3 +8.4 +9.5 +13.6 nominal exports +17.1 +11.4 +12.9 +16.9 SLOVAK UNEMPLOYMENT AUG 12 JULY 12 AUG 11 pct of workforce 13.19 13.27 13.12 number available for work 356,423 358,652 349,885.

  • STOCKHOLM, Oct 5- ALFA LAVAL:. *Wins SEK 70 million energy-efficiency order in Russia. *says order is for compact heat exchangers for a refinery in Russia booked in late September and with delivery scheduled for 2013.

  • Russian markets - Factors to Watch on Oct 5 Friday, 5 Oct 2012 | 2:32 AM ET

    MOSCOW, Oct 5- Here are events and news stories that could move Russian markets on Friday. MOSCOW- Russia's Central Bank monthly monetary policy meeting;. MOSCOW- IFAD and Russia's agriculture ministry briefing in Moscow;.

  • Czech Republic - Factors To Watch on Oct 5 Friday, 5 Oct 2012 | 2:23 AM ET

    PRAGUE, Oct 5- Here are news stories, press reports and events to watch which may affect Czech financial markets on Friday. PRAGUE- Minutes from the September 27 governing board meeting at 0700 GMT.

  • WARSAW, Oct 5- Polish state-owned development agency ARP is interested with buying non-core units from the beleaguered local builder Polimex, ARP's spokewoman said on Friday. "We are interested with Sefako and Energomontaz Polnoc," Roma Sarzynska told Reuters.

  • Poland - Factors to Watch on Oct 5 Friday, 5 Oct 2012 | 1:54 AM ET

    Here are news stories, press reports and events to watch, which may affect Poland's financial markets on Friday. Poland's central bank releases foreing exchange reserves data for September at 1200 GMT. Poland's largest bank passed the European Banking Authority's stress tests, daily Dziennik Gazeta Prawna reported.

  • WARSAW, Oct 5- Beleaguered Polish builder Polimex. has two binding offers for its non-core units, expecting to book at least 300 million zlotys from the spin-offs, the company said late on Thursday. "Due diligence has just ended in two of our group's units," Polimex's Robert Kosmal said in a statement. "