Eastern Europe
Russian Consumers Gain From Ruble-Led Recovery; Industry Investment Lags Russian consumers are benefiting
from a stronger ruble that’s boosted incomes and offset tight
credit while a lack of investment is hampering a rebound in
manufacturing, a series of economic reports showed today.
Lithuanian Chernobyl-Type Reactor's Closure May Produce Economic Fallout In a cavernous hall in northeast
Lithuania, workers tear apart the first of the Ignalina Nuclear
Power Plant’s four two-story turbines. The growing piles of
steel parts, tubes and cowlings will soon fill nearby storage
buildings the size of aircraft hangars.
CEZ and RWE May Seek to Buy Utility Enea From Poland, Minister Grad Says CEZ AS, the largest Czech utility,
and RWE AG of Germany may seek to buy Polish competitor Enea SA
as the government renews its attempts to sell a majority stake,
Treasury Minister Aleksander Grad said.
Poland Is `Obliged' to Seek Ways to Limit Swelling Public Debt, Tusk Says Poland’s government must contain a
widening budget deficit and swelling public debt without taking
radical measures that may harm the economy, Prime Minister
Donald Tusk said.
Emerging Market, Commodity Fund Inflows Grow, Spurred by Dollar's Weakness Emerging-market equity and commodity
fund inflows surged last week as investors sought protection
from a weaker dollar, EPFR Global said.
Kazakh Credit Risk Drops Most in World as Oil Price Rise Revives Economy Kazakhstan is regaining bond
investor confidence faster than any other country as rising oil
prices spur an economic rebound.
Russia Waives Ukraine Gas Penalties, Easing Threat of Supply Disruptions Russia agreed to waive fines on
Ukraine for consuming less gas than contracted and said it would
renegotiate volumes for next year, easing a threat to shipments
of the fuel to Europe.
Kazakh BTA Bank Calls in Billions in Loans Amid Struggle With Ex-Managers BTA Bank, the largest Kazakh lender
to default this year, has asked borrowers to repay billions of
dollars ahead of schedule as it struggles to collect on loans
made by previous management.
Russian Stocks Extend Rally on UBS Oil Price Upgrade, Higher Commodities Russian stocks rose, extending this
week’s rally, after UBS AG upgraded price estimates for oil
companies and higher commodity prices lifted metal producers.
Poland's Core Inflation Unchanged for Fourth Month as Wage Increases Slow Poland’s annual core inflation rate
was unchanged in October, the fourth consecutive month it held
steady.
Romanians Vote for President to End Deadlock, Name New Head of Government Romanian President Traian Basescu is
running neck-and-neck with the leader of the former communist
party in his bid for a second term, in an election that will
determine the shape of a new government.
Masked Gunman Kills Moscow Priest, Wounds Choirmaster, in Orthodox Church A masked gunman killed a Russian
Orthodox priest in a Moscow church, a crime that may be linked
to the cleric’s “religious activities,” investigators said.
Soccer Match-Fixing Probe Yields 17 Arrests; Croatia, Hungary Are Affected German prosecutors and police
arrested 17 people in European soccer’s biggest match-fixing
investigation, targeting leagues in nine countries.
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