GO
Loading...

Eastern Europe

More

  • ISTANBUL, Feb 24- Businesses run by Turkish mobile operator Turkcell and Russia's VimpelCom and MTS have been awarded 3 G mobile licenses in Ukraine, the companies said on Tuesday. VimpelCom-- whose Kyivstar business is already the biggest wireless carrier in Ukraine with 42 percent market share-- said it acquired the license at the regulator's starting point of...

  • MOSCOW, Feb 24- Russia's Gazprom said on Tuesday there were "serious" risks to gas transit to Europe via Ukraine after Kiev failed to make a pre-payment. With no new payment, Russia would be forced to stop supplies to Ukraine, Gazprom added. On Monday, Ukrainian state energy firm Naftogaz accused Gazprom of failing to supply gas that Kiev had paid for in advance, days...

  • ISTANBUL, Feb 24- Businesses run by Turkish mobile operator Turkcell and Russia's MTS have been awarded 3 G mobile licences in Ukraine, the companies said on Tuesday. Russia's VimpelCom-- whose Kyivstar business is already the biggest wireless carrier in Ukraine with 42 percent market share-- won the remaining licence, local media said. Astelit is aiming to launch...

  • MOSCOW, Feb 24- Russia's Gazprom said on Tuesday there were "serious" risks to gas transit to Europe via Ukraine after Kiev failed to make a pre-payment. Gazprom said in a statement that Ukraine had 219 million cubic metres of gas left of the total amount it had already paid for. That would be used up in two days, Gazprom added.

  • Russia's annexation of Ukraine's Crimea region last year underscored the need for Brussels to do more to safeguard the EU's energy supply. Europe relies on Russia for about a third of its gas, almost half of which is piped via Ukraine. While EU deliveries were not disrupted after Russia cut off Ukraine's supply, ongoing tensions with Moscow, including its plans...

  • Suffering Ukrainian currency takes another fall Monday, 23 Feb 2015 | 12:02 PM ET

    KIEV, Ukraine— Ukraine's economy, which has been badly hit by more than a year of crisis, has suffered another blow with a sharp drop in the national currency, the hryvnia. On Monday, the hryvnia was trading about 9 percent below its level last week. Ukraine's national bank on Monday announced that payments in foreign currencies would be capped at $500,000 without...

  • Chevron pulls out of shale gas exploration in Romania Monday, 23 Feb 2015 | 11:54 AM ET

    BUCHAREST, Romania— U.S. oil company Chevron says it has pulled out of shale gas drilling in Romania, weeks after ending business in Poland. The company began drilling for shale gas at its exploration well in northeastern Romania in 2014, a project that drew protests. It is also ending its three other concessions in Romania.

  • The hryvnia's decline came amid growing concern a ceasefire in eastern Ukraine will not hold. The average hryvnia rate slid 10 percent on Monday to a fresh-record low of 30.55 to the dollar as of 1400 GMT, after Ukraine's military said ongoing rebel attacks were preventing it from withdrawing its heavy weapons from the front line in eastern Ukraine.

  • Czech Republic moves to set cap for public debt Monday, 23 Feb 2015 | 7:19 AM ET

    PRAGUE— The Czech government has approved a plan to cap public debt within a limit set by the European Union. The plan approved Monday limits public debt at 55 percent of GDP. Last year, the overall public sector debt of the Czech Republic reached 43.2 percent of GDP.

  • ABU DHABI, Feb 23- Russia's military budget may shrink by around 10 percent in 2015, the chief executive of state-owned defence conglomerate Rostec said on Monday. Russia denies it has troops in eastern Ukraine. However, even favoured "power ministries" are beginning to feel the pressure of Russia's economic crisis and Sergei Chemezov-- a key ally of Putin and...

  • Ukraine rebels say they're moving from front lines Sunday, 22 Feb 2015 | 2:31 PM ET
    Pro-Russian rebels jump off an armored personnel carrier during a parade in Luhansk, eastern Ukraine.

    The main Russian-backed group in Ukraine said Sunday it would move weaponry from the front lines, but the government said it attacked a village.

  • Germany's Wolfgang Schaeuble, the "immovable object" in the words of one economist, stopped Greece's charismatic new finance minister Yanis Varoufakis in his tracks, forcing Athens to extend a bailout program on Friday on terms its government was just elected to get out of. More than that, the confusion officials recounted from behind the scenes left mutual...

  • *Middle East always has "great interest" in Kalashnikov products. ABU DHABI, Feb 22- Russian firearms maker Kalashnikov Concern aims to concentrate on its markets in the Middle East and Africa and diversify its product range to offset the impact of Western sanctions, its chief executive said on Sunday. After that we had more sales of military weapons in new markets...

  • LONDON, Feb 20- The rouble's precipitous depreciation over the past year is forcing many of Russia's former Soviet trading partners into devaluations, while others are struggling to defend their currencies from collapse. The rouble has fallen 7 percent this year versus the dollar after shedding 43 percent in 2014, driven down by lower oil prices, stagnating...

  • PARIS— France and Germany held out the possibility on Friday of sanctions if the Minsk accords to stabilize Ukraine are not respected. The two heads of state, along with the leaders of Ukraine and Russia, signed accords on Feb. 12 in a last-ditch effort to stabilize and bring peace to Ukraine— starting with a cease-fire that both Ukraine and rebels now say has been...

  • WARSAW, Poland— Roman Polanski's Polish lawyers want media barred from next week's hearing on a U.S. request for the filmmaker's extradition over 1977 charges of sex with a minor. Polanski is in Poland preparing to make a movie and will attend. Lawyer Jan Olszewski said Friday that Polanski's attorneys have asked the court to bar media from the courtroom, as...

  • Analysts said the rouble's trajectory would continue to be determined by oil, forex sales before large rouble-denominated taxes due next week and news out of Ukraine, where the market hopes a fragile ceasefire will hold. Russia celebrates the Defender of the Fatherland Day public holiday on Monday, meaning traders could be exposed to losses over the...

  • BRUSSELS, Feb 20- The European Union will consider "reframing" energy relations with Russia based on market conditions when the time is right and for now will focus on its strategic gas partnership with Ukraine, a draft document shows. Russia's long-standing energy relations with the EU and Ukraine, the main transit route for Russian gas to the EU, have...

  • *Rouble slips as fighting continues in east Ukraine. LONDON, Feb 20- Emerging equities were poised to end the week in the red on Friday and most currencies weakened, pressured by jitters over Greece's future in the euro zone, the Ukraine crisis and a stronger dollar. But the rouble weakened 0.42 percent against the dollar, as fighting continued to rage in eastern...

  • BRUSSELS, Feb 20- The European Union will consider "reframing" energy relations based on market conditions with Russia when the time is right and for now is focusing on building a strategic gas partnership with Ukraine, a draft document shows. Russia's long-standing gas relations with the EU and Ukraine, the main transit route for Russian gas to the EU, have...