Europe News Eastern Europe

  • *London denied Uber a license in November. Last month, Transport for London refused to grant the Silicon Valley- based company a new license due to what it called a "pattern of failures" on safety and security, the latest stage of a long-running battle with the authorities. The firm's roughly 45,000 drivers in London will still be able to take rides until the appeals...

  • *London denied Uber a licence in November. Last month, Transport for London refused to grant the Silicon Valley- based company a new licence due to what it called a "pattern of failures" on safety and security, the latest stage of a long-running battle with the authorities. The firm's roughly 45,000 drivers in London will still be able to take rides until the appeals...

  • LONDON, Dec 13- Asian spot prices for liquefied natural gas edged up this week after almost two months of declines on new demand and amid signs that the U.S. was close to reaching a trade deal with China. The average LNG price for January delivery into northeast Asia is estimated at about $5.65 per million British thermal units, up 15 cents from the previous week,...

  • MOSCOW, Dec 13- No date has been set so far for Russia and Ukraine's next round of talks to agree on a gas transit deal to replace the one that expires at the end of this year, RIA news agency cited the executive director of Ukraine's Naftogaz as saying on Friday.

  • *Russian c.bank cuts key rate to 6.25% from 6.50%. *Says more cuts possible but not inevitable. MOSCOW, Dec 13- The Russian central bank lowered its key interest rate to 6.25% on Friday amid slowing inflation and said further rate reductions in the first half of 2020 looked possible but not imminent.

  • BRUSSELS, Dec 12- Poland, Hungary and the Czech Republic clashed with Western European nations on Thursday over the EU's bold new push for climate neutrality by 2050, demanding funds for their energy transition to lower emissions, and a role for nuclear power. Two EU diplomats said Poland had floated the idea of setting the date for neutrality at 2070, a proposal...

  • BRUSSELS, Dec 12- Poland, Hungary and the Czech Republic clashed with Western European nations on Thursday over the EU's bold new push for climate neutrality by 2050, demanding funds for their energy transition to lower emissions, and a role for nuclear power. The standoff at a summit of leaders in Brussels came just a day after the bloc's new executive unveiled a...

  • RIGA/ MOSCOW, Dec 12- Latvia's parliament on Thursday passed legislation to take control over the Baltic country's two biggest ports in an effort to keep them open after U.S. sanctions against a Latvian oligarch threatened operations. The entities are connected to the Ventspils port and, to a lesser degree, the port of Riga. Ventspils is Latvia's second biggest...

  • RIGA/ MOSCOW, Dec 12- Companies doing business with entities related to Latvia's Ventspils port that have been hit by sanctions can continue operating for 30 days despite U.S. sanctions against local mayor Aivars Lembergs, Latvia's financial watchdog said on Thursday. Ventspils is Latvia's second biggest port after Riga and is a major oil product export route...

  • BUDAPEST, Dec 12- Central European stock markets jumped on Thursday after the Federal Reserve forecast that it would hold rates through 2020, which pushed money into equities and weakened the dollar. Stocks in the eastern corner of the European Union gained, led by a 1.5% jump in Warsaw, while Prague's blue-chip index rose 0.8% and Budapest's main index gained...

  • WASHINGTON, Dec 11- The U.S. House of Representatives approved on Wednesday a $738 billion defense policy bill providing the first paid family leave for all federal workers and the creation of a Space Force, a top military priority for President Donald Trump. The Democratic-controlled chamber voted by 377-48, easily sending the conference report on the...

  • WARSAW, Dec 11- Central European currencies firmed on Wednesday, gaining on expectations that the U.S. However Peter Virovacz, senior economist for ING in Hungary, cautioned the gains in regional currencies may be short-lived. Romania's consumer price inflation rose slightly above market expectations to 3.8% on the year in November, from October's 3.4%, data...

  • TOKYO/ MOSCOW, Dec 11- Rosneft CEO Igor Sechin is seeking investment in the company's $157 billion Vostok oil project in the Russian Arctic from Japanese trading houses and oil companies, three sources told Reuters. Vostok Oil is a newly established company that was formed to unite Rosneft's projects in northern Russia, including the Lodochnoye, Tagulskoye and...

  • WASHINGTON, Dec 9- U.S. lawmakers announced an agreement on Monday on a $738- billion bill setting policy for the Department of Defense, including new measures for competing with Russia and China, family leave for federal workers and the creation of President Donald Trump's long-desired Space Force. It is expected to pass before Congress leaves Washington...

  • RUSSIA'S FINANCE MINISTRY SAYS CONFIDENT THAT UK SUPREME COURT WILL RULE IN FAVOUR OF MOSCOW IN RUSSIA- UKRAINE EUROBOND CASE.

  • BUDAPEST, Dec 9- The Hungarian forint fell 0.3% versus the euro on Monday, giving back some of its early-December gains, as central Europe's worst-performing currency continued to seesaw between record lows and slightly stronger levels. The forint has lost over 3% against the euro this year and hit successive record lows in September and November as Hungary's...

  • MINSK, Dec 8- Belarus is seeking about $70 million in compensation because of disruption in flows in a pipeline on its territory caused by contaminated Russian oil, state news agency Belta reported on Sunday. Vladimir Semashko, the Belarus ambassador to Moscow, said the compensation issue was discussed by presidents of the two countries in talks in the Russia...

  • WARSAW, Dec 6- Shares in PKN Orlen fell on Friday after Poland's biggest refiner surprised investors with a plan to take over state utility Energa to strengthen its position in the electricity market. The offer of seven zlotys per share, which values Energa at 2.9 billion zlotys, caused PKN Orlen's shares to fall more than 10% in early trade, as investors fretted...

  • MOSCOW, Dec 6- Russia's gas condensate output this year is expected to reach more than 34 million tonnes, Alexander Gladkov, a department head at the Russian energy ministry, told reporters on Friday. Russia is part of a global oil supply pact between OPEC and non- OPEC nations but wants to exclude gas condensate production from its overall liquids statistics when...

  • BUDAPEST, Dec 5- Hungary's economic growth is expected to slow to 3.5% next year from 4.9% this year amid a global slowdown and declining European Union- financed investments, the International Monetary Fund said on Thursday. Wages have grown by double digits in Hungary in the past few years, as the country-- along with its neighbours in Central Europe-- has...