Eastern Europe
Latvia Elections May Hamper Austerity, Weigh On Credit Rating, Fitch Says Latvian elections this autumn
threaten to hamper government efforts to push through austerity
measures vital to its international bailout, burdening the
country’s credit rating, Fitch Ratings said.
Romania Sets Yield Above Croatia to Lure Investors to Biggest Bond Sale Romania sold 1 billion euros ($1.37
billion) of five-year debt, setting yields above similarly rated
Croatian notes to lure investors to its biggest offering of
bonds to international investors.
Latvian Central Bank Cuts Refinancing Rate to 3.5% as Interbank Rates Drop Latvia’s central bank cut its
benchmark refinancing rate for the first time this year after
rates in the interbank lending market dropped to record lows.
Czech Gross Domestic Product Grew on a Quarterly Basis, Final Report Shows The Czech economy expanded for the
second consecutive quarter in the final three months of 2009 as
a recovery from a recession gained strength.
Telekomunikacja Loses European Union Court Challenge to Polish Regulations Telekomunikacja Polska SA, Poland’s
largest phone company, lost a challenge at the European Union’s
highest court to national rules that block service providers
from tying customers to combined sales contracts.
Zloty Slides as Polish Central Banker Wiesiolek Says Ready to Intervene The Polish zloty weakened for a
third day after two central bankers signaled they were prepared
to intervene on the currency market and another said the
currency’s strength was “main threat” to the economy.
Ruble Gains for Fifth Day, Forcing Central Bank to Relax Band on $82 Oil The ruble rallied for a fifth day
against the central bank’s currency basket, forcing the
regulator to ease its trading band for the 14th time in three
weeks, as oil above $82 a barrel boosted the outlook for
Russia’s economy.
Estonia Economy Expanded for First Time in Eight Quarters on Export Growth Estonia exited the European Union’s
third-deepest recession in the final quarter of last year as
exports rose and companies stockpiled alcohol, tobacco and fuel
before tax increases.
CEZ Will Boost Dukovany Power Output 1.2% in 2010, Spokesman Spilka Says CEZ AS’s Dukovany plant, the Czech
Republic’s oldest nuclear facility, plans to boost output 1.2
percent this year to 14,168 gigawatthours, as the nation’s
biggest utility expands its atomic energy sources, a plant
spokesman said.
Gorenje Reports First Loss in Two Decades as Demand Across Europe Slumped Gorenje Group d.d., Slovenia’s
largest appliance maker, reported its first full-year loss in
two decades as demand in Europe slumped.
Ukraine's New `Azarov Era' May Be Start to More Stable Politics, IMF Loan Ukraine’s new Prime Minister Mykola
Azarov, who owes his appointment to a legislative fix that the
opposition branded “unconstitutional,” may bring relief to
investors by ending half a decade of political instability.
Putin Visits India in Race With U.S., Europe for Arms, Nuclear Agreements Russian Prime Minister Vladimir
Putin arrives in New Delhi tonight to fend off competition from
the U.S. and Europe to supply arms and nuclear energy to India.
CNPC Denies Bribery Allegation in Purchase of Share in Kazakh Oil Company China National Petroleum Corp.
denied an allegation that it paid a bribe in 2003 when it
acquired the Kazakh government’s stake in oil producer AO CNPC-
AktobeMunaiGaz.
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