Finance

Ratings

Bulgaria’s outlook raised to positive by Moody’s

The outlook on Bulgaria's long-term foreign and local currency bond ratings was raised to positive from stable by Moody's Investors...

MNB

Transneft’s bonds to get lowest rate for Russian firm

OAO Transneft, Russia's state-owned oil-pipeline operator, will sell at least $1 bln of seven-year bonds at the lowest-ever rate for...

MNB

Orlen of Poland to sell 750 mln zloty of bonds on February 27

PKN Orlen SA, Poland's largest oil company, will sell 750 mln zloty ($253 mln) of bonds on February 27....

Ratings

S&P cuts Latvian outlook to negative on growing risks

Standard & Poor's lowered Latvia's outlook to negative from stable as the Baltic state's economic growth, the fastest in the...

MNB

Bulgarian January sovereign foreign debt rises to €4.7 bln

Bulgaria's sovereign foreign debt rose to €4.7 billion ($6.18 billion) at the end of January on new loans and exchange-rate...

Banking

Hungary’s Veres sees no „substantial” tax changes through 2009

Hungary's government will hold off on major changes to its tax system through 2009 while it discusses proposals with business...

MNB

FinMin says forint securities issues to fall 10% in 2007

The State Debt Management Centre (AKK) plans Ft 7,067 billion of forint denominated securities issues in 2007, 10% less than...

MNB

Gold climbs to highest since July on dollar’s drop against euro

Gold in New York rose to the highest since July as a decline in the value of the dollar boosted...

Banking

EU seeks talks with Switzerland on company tax breaks

European Union regulators are seeking talks with Switzerland over regional tax laws that the EU claims gives the nation an...

MNB

Budapest Bank profits slip because of expansion costs

Budapest Bank, a member of GE's financial services division, had consolidated Hungarian-accounting-standards after-tax profit of Ft 7.492 billion in 2006,...

Banking

China will offer tax rebates for machine parts, materials

China will give tax rebates to domestic companies on imports of machine parts and materials that can't be procured within...

Banking

Yukos owes more than $26.8 bln, bankruptcy supervisor says

OAO Yukos Oil Co. owes more than 709 bln rubles ($26.8 bln) to creditors, the external manager of the bankrupt...

MNB

IMF’s de Rato says G-7 countries open minded on gold sales

International Monetary Fund Managing Director Rodrigo Rato said the Group of Seven leading industrialized nations were „open-minded” about allowing the...

MNB

Gold rises to 6-month high on metal’s appeal as inflation hedge

Gold prices in New York rose to the highest in more than six months as a jump in energy costs...

MNB

Romanian central bank cuts benchmark rate cut to 8%

Romania's central bank unexpectedly cut the benchmark interest rate by three quarters of a percentage point to 8% after inflation...

Ratings

Bulgaria’s outlook raised to positive by Moody’s

The outlook on Bulgaria's long-term foreign and local currency bond ratings was raised to positive from stable by Moody's Investors...

MNB

Transneft’s bonds to get lowest rate for Russian firm

OAO Transneft, Russia's state-owned oil-pipeline operator, will sell at least $1 bln of seven-year bonds at the lowest-ever rate for...

MNB

Orlen of Poland to sell 750 mln zloty of bonds on February 27

PKN Orlen SA, Poland's largest oil company, will sell 750 mln zloty ($253 mln) of bonds on February 27....

Ratings

S&P cuts Latvian outlook to negative on growing risks

Standard & Poor's lowered Latvia's outlook to negative from stable as the Baltic state's economic growth, the fastest in the...

MNB

Bulgarian January sovereign foreign debt rises to €4.7 bln

Bulgaria's sovereign foreign debt rose to €4.7 billion ($6.18 billion) at the end of January on new loans and exchange-rate...

Banking

Hungary’s Veres sees no „substantial” tax changes through 2009

Hungary's government will hold off on major changes to its tax system through 2009 while it discusses proposals with business...

MNB

FinMin says forint securities issues to fall 10% in 2007

The State Debt Management Centre (AKK) plans Ft 7,067 billion of forint denominated securities issues in 2007, 10% less than...

MNB

Gold climbs to highest since July on dollar’s drop against euro

Gold in New York rose to the highest since July as a decline in the value of the dollar boosted...

Banking

EU seeks talks with Switzerland on company tax breaks

European Union regulators are seeking talks with Switzerland over regional tax laws that the EU claims gives the nation an...

MNB

Budapest Bank profits slip because of expansion costs

Budapest Bank, a member of GE's financial services division, had consolidated Hungarian-accounting-standards after-tax profit of Ft 7.492 billion in 2006,...

Banking

China will offer tax rebates for machine parts, materials

China will give tax rebates to domestic companies on imports of machine parts and materials that can't be procured within...

Banking

Yukos owes more than $26.8 bln, bankruptcy supervisor says

OAO Yukos Oil Co. owes more than 709 bln rubles ($26.8 bln) to creditors, the external manager of the bankrupt...

MNB

IMF’s de Rato says G-7 countries open minded on gold sales

International Monetary Fund Managing Director Rodrigo Rato said the Group of Seven leading industrialized nations were „open-minded” about allowing the...

MNB

Gold rises to 6-month high on metal’s appeal as inflation hedge

Gold prices in New York rose to the highest in more than six months as a jump in energy costs...

MNB

Romanian central bank cuts benchmark rate cut to 8%

Romania's central bank unexpectedly cut the benchmark interest rate by three quarters of a percentage point to 8% after inflation...

Bulgaria’s outlook raised to positive by Moody’s

The outlook on Bulgaria's long-term foreign and local currency bond ratings was raised to positive from stable by Moody's Investors...

Transneft’s bonds to get lowest rate for Russian firm

OAO Transneft, Russia's state-owned oil-pipeline operator, will sell at least $1 bln of seven-year bonds at the lowest-ever rate for...

Orlen of Poland to sell 750 mln zloty of bonds on February 27

PKN Orlen SA, Poland's largest oil company, will sell 750 mln zloty ($253 mln) of bonds on February 27....

S&P cuts Latvian outlook to negative on growing risks

Standard & Poor's lowered Latvia's outlook to negative from stable as the Baltic state's economic growth, the fastest in the...

Bulgarian January sovereign foreign debt rises to €4.7 bln

Bulgaria's sovereign foreign debt rose to €4.7 billion ($6.18 billion) at the end of January on new loans and exchange-rate...

Hungary’s Veres sees no „substantial” tax changes through 2009

Hungary's government will hold off on major changes to its tax system through 2009 while it discusses proposals with business...

FinMin says forint securities issues to fall 10% in 2007

The State Debt Management Centre (AKK) plans Ft 7,067 billion of forint denominated securities issues in 2007, 10% less than...

Gold climbs to highest since July on dollar’s drop against euro

Gold in New York rose to the highest since July as a decline in the value of the dollar boosted...

EU seeks talks with Switzerland on company tax breaks

European Union regulators are seeking talks with Switzerland over regional tax laws that the EU claims gives the nation an...

Budapest Bank profits slip because of expansion costs

Budapest Bank, a member of GE's financial services division, had consolidated Hungarian-accounting-standards after-tax profit of Ft 7.492 billion in 2006,...

China will offer tax rebates for machine parts, materials

China will give tax rebates to domestic companies on imports of machine parts and materials that can't be procured within...

Yukos owes more than $26.8 bln, bankruptcy supervisor says

OAO Yukos Oil Co. owes more than 709 bln rubles ($26.8 bln) to creditors, the external manager of the bankrupt...

IMF’s de Rato says G-7 countries open minded on gold sales

International Monetary Fund Managing Director Rodrigo Rato said the Group of Seven leading industrialized nations were „open-minded” about allowing the...

Gold rises to 6-month high on metal’s appeal as inflation hedge

Gold prices in New York rose to the highest in more than six months as a jump in energy costs...

Romanian central bank cuts benchmark rate cut to 8%

Romania's central bank unexpectedly cut the benchmark interest rate by three quarters of a percentage point to 8% after inflation...