Eastern Europe
Russia Sets Terms, Deadline for Paying Last of Soviet Union's Trade Debt Russia set final terms for settling
the last of the Soviet Union’s trade debt obligations, clearing
the way for the country to sell new bonds to foreign investors
for the first time since its 1998 default.
AvtoVAZ to Get $1.7 Billion From Russia in Technology Accord With Renault Russia pledged to inject 50 billion
rubles ($1.7 billion) into OAO AvtoVAZ in return for technology
from 25 percent shareholder Renault SA.
Gazprom Said to Seek $3 Billion Japanese Pipe Deal for Far East Gas Link OAO Gazprom is seeking to reach a $3
billion agreement with Japan to supply almost one-fifth of steel
pipes for a gas link in Russia’s Far East, partially replacing
domestic producers, a person familiar with the plans said.
KazakhGold May Have `Event of Default' on $200 Million of Notes Due 2013 KazakhGold Group Ltd. said there may
have been an “event of default” on $200 million of its notes
due in 2013 after its controlling shareholder, Russia’s OAO
Polyus Gold, didn’t approve the company’s financial statements
for the first six months of this year.
Lithuania Won't Risk `Killing' Economy to Meet Euro Terms, Kubilius Says Lithuania won’t adhere to a
“painful” euro adoption schedule that would quell demand and
hurt the economy, Prime Minister Andrius Kubilius said.
EDF, GDF Suez Agree to Join Russian Gas-Pipeline Projects to Secure Supply Electricite de France SA, Europe’s
largest utility, and GDF Suez SA agreed to join Russian natural-
gas pipeline projects as European nations seek to boost security
of supply following disruptions in the past three years.
Latvia May Be Able to Adopt Euro After 2015, Swedbank's Hermansson Says Latvia may adopt the euro after
2015, at least a year later than its 2014 target date to switch
currencies as part of plan with its international lenders, said
Swedbank AB’s chief economist Cecilia Hermansson.
Czechs May Face Undue Budget Deficit If Laws Aren't Amended, Janota Says The Czech Republic will continue
running excessive fiscal deficits and breaking the European
Union’s rule if lawmakers do not change laws governing
the budget, Finance Minister Eduard Janota said.
Russian Stocks Rise for First Time in Four Days as Dubai Concern Eases Russian stocks rose for the first
time in four days, erasing earlier losses as concern eased about
a possible default by Dubai.
Putin Says Dubai Is a `Blip' on Recovery Path, Ruble Drop Helps Exporters Prime Minister Vladimir Putin said
market declines linked to Dubai’s debt warning are a “blip”
that won’t derail a global economic recovery and may even help
some domestic companies.
Putin Hails Economic `Breakthrough' With France After Energy, Auto Deals Prime Minister Vladimir Putin hailed
a “breakthrough” in relations with France as he secured a 300
million-euro ($447 million) investment from Renault SA to rescue
the ailing Russian auto industry and welcomed Electricite de
France SA into a pipeline project to Europe.
Greenhouse-Gas Pledges by China, U.S. May Drive Climate Deal in Copenhagen Pledges by China and the U.S. to set
numerical targets for their greenhouse-gas emissions through
2020 may reignite stalled progress for a global climate
agreement at negotiations next month in Copenhagen.
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