Finance

MNB

Russian foreign currency reserves rise to record $315.3 bln

Russia's foreign currency and gold reserves rose to a record, erasing last week's decline, as the world's largest energy exporter...

Ratings

Latvia, Lithuania, Estonia at risk of overheating, Fitch says

The economies of Latvia, Lithuania, and Estonia are showing signs of overheating as rapid growth, accelerating inflation and high foreign...

MNB

Alliance Bank to seek $2 bln in loans outside Kazakhstan

AO Alliance Bank, Kazakhstan's fifth-biggest lender by assets, plans to raise a further $2 bln this year through loans and...

Ratings

Moody’s „lost credibility” with new bank ratings

Moody's Investors Service „lost credibility” with investors after it adopted new criteria for rating banks, according to a Merrill Lynch...

Ratings

CreditSights ditches Moody’s „worthless” European bank ratings – extended

CreditSights Inc., an independent bond research firm with 700 subscribing institutions, says it has stopped using European bank ratings from...

MNB

Gold trades near five-week low on equities

Gold in Asia traded near a five-week low as some investors continued to sell the metal to cover losses in...

MNB

Bite raises €300 mln to help finance buyout from TDC

Bite Group, a mobile phone company with customers in Latvia and Lithuania, raised €300 mln ($395 mln) in a sale...

MNB

Gold, little changed, may rise as investors seek haven assets

Gold futures, little changed in New York, may rise on speculation that US equity markets will be increasingly volatile after...

Banking

Russia cuts oil-export tax by $3.18 a barrel after prices fall

Russia, the world's second-biggest oil producer, cut its tax on crude exports by $3.18 a barrel after prices for the...

Banking

Russia may cut corporate tax rate to 20% in three-year plan – extended

Russia may cut its corporate profit tax rate to 20% from 24% as part of a three-year tax policy plan,...

Banking

Russia won’t alter flat income tax of 13%

Russia's government won't raise the 13% personal income tax, the first major bill President Vladimir Putin signed after coming to...

Banking

Constitutional Court rules „expected tax” unconstitutional

Hungary's Constitutional Court in a ruling on Tuesday declared the recently introduced „expected tax”, which taxes even loss-making companies and...

MNB

Ukrainian January state debt Fell 1.37%, finance ministry says

Ukraine's debt declined 1.37% in January after government repayments exceeded borrowing, the finance ministry said....

Ratings

Moody’s blasted for giving Icelandic banks top rating

Moody's Investors Service was blasted by Royal Bank of Scotland Group Plc, Dresdner Kleinwort and Societe Generale SA for new...

Ratings

Ukrainian GDP growth probably topped 5.5% in 2006, Moody’s says

Ukraine's economic growth probably topped 5.5% last year and will continue as industry drives the expansion in the former Soviet...

MNB

Russian foreign currency reserves rise to record $315.3 bln

Russia's foreign currency and gold reserves rose to a record, erasing last week's decline, as the world's largest energy exporter...

Ratings

Latvia, Lithuania, Estonia at risk of overheating, Fitch says

The economies of Latvia, Lithuania, and Estonia are showing signs of overheating as rapid growth, accelerating inflation and high foreign...

MNB

Alliance Bank to seek $2 bln in loans outside Kazakhstan

AO Alliance Bank, Kazakhstan's fifth-biggest lender by assets, plans to raise a further $2 bln this year through loans and...

Ratings

Moody’s „lost credibility” with new bank ratings

Moody's Investors Service „lost credibility” with investors after it adopted new criteria for rating banks, according to a Merrill Lynch...

Ratings

CreditSights ditches Moody’s „worthless” European bank ratings – extended

CreditSights Inc., an independent bond research firm with 700 subscribing institutions, says it has stopped using European bank ratings from...

MNB

Gold trades near five-week low on equities

Gold in Asia traded near a five-week low as some investors continued to sell the metal to cover losses in...

MNB

Bite raises €300 mln to help finance buyout from TDC

Bite Group, a mobile phone company with customers in Latvia and Lithuania, raised €300 mln ($395 mln) in a sale...

MNB

Gold, little changed, may rise as investors seek haven assets

Gold futures, little changed in New York, may rise on speculation that US equity markets will be increasingly volatile after...

Banking

Russia cuts oil-export tax by $3.18 a barrel after prices fall

Russia, the world's second-biggest oil producer, cut its tax on crude exports by $3.18 a barrel after prices for the...

Banking

Russia may cut corporate tax rate to 20% in three-year plan – extended

Russia may cut its corporate profit tax rate to 20% from 24% as part of a three-year tax policy plan,...

Banking

Russia won’t alter flat income tax of 13%

Russia's government won't raise the 13% personal income tax, the first major bill President Vladimir Putin signed after coming to...

Banking

Constitutional Court rules „expected tax” unconstitutional

Hungary's Constitutional Court in a ruling on Tuesday declared the recently introduced „expected tax”, which taxes even loss-making companies and...

MNB

Ukrainian January state debt Fell 1.37%, finance ministry says

Ukraine's debt declined 1.37% in January after government repayments exceeded borrowing, the finance ministry said....

Ratings

Moody’s blasted for giving Icelandic banks top rating

Moody's Investors Service was blasted by Royal Bank of Scotland Group Plc, Dresdner Kleinwort and Societe Generale SA for new...