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Eastern Europe

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  • 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.

  • FACTBOX-Key political risks to watch in Bulgaria Wednesday, 3 Oct 2012 | 7:01 AM ET

    SOFIA, Oct 3- Bulgaria has managed to navigate the euro zone's debt crisis with little damage thanks to tight fiscal policy at the expense of slow growth that is keeping living standards among the European Union's lowest. Following are the main political risks for Bulgaria: GOVERNMENT SUPPORT.

  • Poland aiming to enact new shale gas law in 2013 Wednesday, 3 Oct 2012 | 6:54 AM ET

    WARSAW, Oct 3- Poland wants its new shale gas law to go into force next year, Piotr Wozniak, the deputy environment minister responsible for the draft law said on Wednesday, but added that it would be best if a shale gas tax waited until at least 2016..

  • China's official services PMI slowed to 53.7 percent in September from 56.3 in August, highlighting the economy's seventh straight quarter of slowdown, while Australia posted weak export data.

  • MOSCOW, Oct 3- Eurasia Drilling:. *Eurasia's current onshore drilling volume forecast is for at least 5.8 million metres for 2012, implying growth of approximately 21 percent y-o-y. *Capital expenditure is expected to increase to between $550 and $600.

  • The clashes broke out two days after Kyrgyzstan's Prime Minister Zhantoro Satybaldiyev travelled to the Kumtor gold mine operated by Canada's Centerra Gold Inc and gave assurances the venture would not be nationalised. "Bureaucrats in the government promised that they would take Kumtor back and it would work for the good of the people...

  • *Poland seen cutting rates as slowdown deepens. PRAGUE, Oct 3- The zloty led losses in central European currencies on Wednesday, while Polish bonds were a tad stronger ahead of a central bank decision, which is expected to make the third cut in interest rates in the region in a week. By 0909 GMT, the zloty.

  • IMF chief economist says crisis will last a decade Wednesday, 3 Oct 2012 | 5:40 AM ET

    *Germany needs to put up with higher inflation. BUDAPEST, Oct 3- The world economy will take at least 10 years to emerge from the financial crisis that began in 2008, the International Monetary Fund's Chief Economist Olivier Blanchard said in an interview published on Wednesday.

  • Bulgaria raises $43 mln in Energo-Pro share sales Wednesday, 3 Oct 2012 | 5:35 AM ET

    SOFIA, Oct 3- Bulgaria has sold the bulk of its 33 percent holding in two newly listed local power distribution companies controlled by Czech power firm Energo-Pro, raising 64.67 million levs in a public share offer, data from the Bulgarian stock exchange showed on Wednesday.

  • Bulgaria raises $43 mln in Energo Pro share sales Wednesday, 3 Oct 2012 | 5:34 AM ET

    SOFIA, Oct 3- Bulgaria has sold the bulk of its 33 percent holding in two newly listed local power distribution companies controlled by Czech power firm Energo-Pro, raising 64.67 million levs in a public share offer, data from the Bulgarian stock exchange showed on Wednesday.

  • PRESS DIGEST - RUSSIA - Oct 3 Wednesday, 3 Oct 2012 | 5:19 AM ET

    MOSCOW, Oct 3- The following are some of the leading stories in Russia's newspapers on Wednesday. -Russia's transport ministry proposed to spend 410 billion roubles to prepare the country's rail roads for the 2018 World Cup, as the government fails to find 2.6 trillion roubles Russian railways planned to spend earlier, the paper says.

  • Polish grid agrees to connect new Energa gas-fired unit Wednesday, 3 Oct 2012 | 4:52 AM ET

    WARSAW, Oct 3- Polish grid operator PSE Operator has granted a permit to connect Energa's proposed 600 megawatt combined cycle gas and steam fired unit in Grudziadz to Poland's power system, the transmission system operator said on Wednesday.

  • Russian stocks, rouble edge lower along with oil Wednesday, 3 Oct 2012 | 4:45 AM ET

    MOSCOW, Oct 3- Russian shares and the rouble extended losses on Wednesday, in reaction to lacklustre economic data in China and falling oil prices, with strong domestic services PMI data doing little to lift the market.