Eastern Europe
Polish Government May Get $382 Million or More for Stake in Enea Utility Poland may get 1.13 billion zloty
($382 million) or more from the sale of a stake in Enea SA, the
country’s third-largest power group, as it seeks to quadruple
asset sales this year to finance the budget deficit.
Hungary's Rate-Reduction Room Limited by Greek Contagion Risk, Banfi Says Hungary’s room to cut the benchmark
interest rate is limited by the risk of Greece’s fiscal crisis
weakening the forint, monetary policy maker Tamas Banfi said.
Slovakia Lifts Economic Growth Forecast for 2010 to 2.8% on Export Rebound The Slovak economy will grow more
rapidly this year than previously estimated, two government
officials said, citing a new Finance Ministry forecast.
Russia Vows to Defend Rights as French Czarist Creditors Threaten Lawsuit The Russian government vowed to
“defend our rights” after French holders of czarist bonds
valued at as much as 100 billion euros ($137 billion) threatened
to sue the Kremlin and seize property it owns in Paris.
Latvia's Economy Shrank 17.7% Last Quarter, Smallest Contraction of Year Latvian economic output fell a
preliminary 17.7 percent in the fourth quarter, the smallest
decline of the year, though more than economists forecast.
BRE Bank Says Fourth-Quarter Profit Rose 16%, Missing Analysts' Estimates BRE Bank SA, Poland’s third-biggest
bank, posted a 16 percent rise in fourth-quarter profit after it
received a dividend payout from a stake in insurer PZU SA and as
fee and lending income increased.
BorsodChem Loan Prices Increase on Plan to Restructure $1.4 Billion Debt Prices of BorsodChem Nyrt.’s loans
rose on speculation that the Hungarian chemical producer, owned
by Permira Advisers LLP, may get approval to restructure about 1
billion euros ($1.4 billion) of debt.
Romanian Government Aims to Sell Debt Denominated in Euros Within a Month Romania’s government plans to sell 1
billion euros ($1.37 billion) in euro-denominated bonds in the
next month, Finance Minister Sebastian Vladescu said.
Russian Stocks Gain First Time in Five Days on $72 Oil, Greek Help Bets Russian stocks gained for the first
time in five days as oil rose above $72 a barrel and speculation
Europe’s central bank may help Greece with its budget deficit
buoyed investor appetite for emerging-market assets.
Poland Sets Convergence Plan to Trim Budget Deficit to 2.9% of GDP in 2012 Poland’s government increased its
forecast for economic growth this year to 3 percent from 1.2
percent and said public debt won’t exceed the threshold that
would force spending cuts or higher taxes.
Russia Says Iran Nuclear Enrichment Breaches UN, Raises Doubts on Purpose Iran’s decision to increase uranium
enrichment violates United Nations Security Council resolutions
and “raises doubts” about the purpose of the country’s nuclear
program, Russia’s Foreign Ministry said.
Timoshenko's Challenge to Ukraine Power Transition May Stall IMF Bailout Ukraine’s prospects of a smooth power
transfer that could help free up its bailout loan are fading as
backers of Yulia Timoshenko, the loser in the Feb. 7 presidential
election, said they were gathering evidence of electoral fraud and
called for street protests.
Kim Jong Il Repeats North Korea's Commitment to Giving Up Nuclear Weapons North Korean leader Kim Jong Il said
he remained committed to giving up the country’s nuclear weapons
program as diplomatic efforts intensified to end a 14-month
hiatus in multilateral disarmament talks.
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