Zoltan Kovacs, government spokesperson for the Hungarian Prime Minister's Office, explains why authorities are refusing to allow migrants to travel onwards to western Europe.» Read More
Beer causes fights. Beer kindles friendships. In the case of Anheuser-Busch and its longtime Czech rival, beer is making both things happen at once.
Belarus has ordered a halt to deliveries of Russian oil that goes via its territory to Germany, Poland and Ukraine, the Interfax news agency reported Monday citing an official from the Belarusian section of the export pipeline.
An energy crunch that chokes fuel supplies, dims the lights at homes and workplaces, and ravages Western economies may no longer be the stuff of 1970s history books. It could be a vision of the near future.
Russia has received official notification that Belarus has imposed a transit duty on its oil exports, but does not expect an escalating trade row to disrupt crude oil supplies to Europe, the Kremlin said on Thursday.
U.S. acquirers spent $109.6 billion buying European companies in 2006 over a total of 740 transactions. That marks almost a 15% increase over the number of deals in 2005.
Slovakia's central bank on Thursday began buying up euros in a bid to stem appreciation of its own currency, the koruna, a bank spokesman said.
Royal Dutch Shell has made a new offer to Gazprom on terms for the state-controlled Russian natural gas giant to join a Shell-controlled energy project off the Pacific island of Sakhalin, a company official said Monday.
Russian water protection authorities have suspended licenses from a subcontractor of the Shell-led liquefied natural gas project Sakhalin-2.
Poland's jobless rate fell to a five-year low of 14.8% in November, edging down from 14.9% in October, the labor minister said Wednesday.