Eastern Europe
Orlen to `Analyze Options' for Lithuanian Unit After Government Talks Fail PKN Orlen SA, Poland’s largest oil
company, will “analyze other options” for its Lithuanian unit
after negotiations with the Baltic country’s government failed
to guarantee a return to profitability.
Russian Government to Market Eurobonds to Investors in New York Next Month Russian government officials will
meet U.S. investors for the country’s first sale of Eurobonds
since the 1998 financial crisis next month, taking advantage of
record-low yields to plug its budget deficit.
Rosneft May Focus on Asia, Not Europe, After Yukos Dispute, Analyst Says OAO Rosneft, Russia’s largest oil
producer, may focus on Asia, rather than Europe, after Yukos
Capital Sarl won a ruling freezing 425 million pounds ($648
million) in U.K. bank accounts, according to an analyst.
Russia Central Bank Is `Likely' to Cut Interest Rates Further, Kudrin Says The central bank of Russia, the
biggest economy still cutting interest rates, will have to
continue easing policy, Finance Minister Alexei Kudrin said, as
the ruble surges and loan growth misses central bank projections.
Sarkozy Opposes IMF Loan to Greece, Widening Rift With Germany Over Rescue President Nicolas Sarkozy opposes
Germany’s push for an International Monetary Fund loan to
Greece, pitting the euro area’s biggest members against one
another over a rescue plan.
Ukraine to Receive IMF Mission Next Week to Resume Bailout Program Talks Ukraine will receive a visit from
an International Monetary Fund mission next week to resume talks
on the country’s $16.4 billion loan after the government pledged
measures to reduce the budget deficit.
Kazakh Development Bank May Cancel Bond Sale After $5 Billion China Credit The Development Bank of Kazakhstan,
a state-owned bank that promotes industry, may cancel plans to
sell $500 million of bonds to international investors this year
after it received a $5 billion line of credit from China.
Polish Zloty Extends Losses as Minister Highlights Appreciation Concern The zloty weakened, heading for a
second weekly loss, after Poland’s Deputy Finance Minister
Dominik Radziwill was quoted by the PAP newswire as saying the
ministry is “concerned” by the currency’s appreciation.
Europe Equity Funds Post Biggest Outflows Since 2009 on Greece, EPFR Says European equity funds posted net
outflows of $1.06 billion in the week ended March 17, the
biggest withdrawals since May 2009, amid concerns about Greece’s
debt burden, EPFR Global said today in a statement.
Ukraine Government Needs to Cut Spending by 20% in April-July, Citi Says Ukraine’s government will need to
cut spending by 20 percent in April through July, compared with
expenditure levels a year earlier, to shore up funds to cover
debt and gas payments, Citigroup Inc. said.
Russia, U.S. May Sign Nuclear Arms-Control Treaty in April, Clinton Says The U.S. and Russia may sign a new
nuclear arms reduction agreement in early April, after a
previous treaty expired in December, Secretary of State Hillary
Clinton said today.
Finland Under Pressure to Overhaul Strike Laws as Walkouts Cripple Trade Finnish stevedores agreed to end a
strike that shut ports for more than two weeks and halted 90
percent of the Nordic nation’s foreign trade.
Latvia Minister Rejects Call From People's Party to Resign From Government Latvia’s Culture Minister Ints
Dalderis rejected a call from the People’s Party, which
nominated him to the post, to leave the government and said he
will remain in office until a general election in October.
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