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  • Game Over for Euro? Theory Predicts Gloom Tuesday, 10 Jul 2012 | 4:48 PM ET

    The countries with the least to lose from leaving the euro aren't the ones you think - and that could be bad news for the euro. 

  • Is Now a Good Time to Invest in Hungary? Monday, 9 Jan 2012 | 8:43 AM ET

    A Hungarian delegation prepares to resume talks with the International Monetary Fund this week, hoping to secure a credit lifeline while investors continue to push up the country’s borrowing costs.

  • No One Wants Euro Collapse: Austria Finance Minister Thursday, 1 Dec 2011 | 4:14 AM ET
    E.U. Flags

    A collapse of the euro will not benefit any of the 17-member currency zone's members and struggling euro zone countries must instead focus on getting their finances in order to restore stability, Austrian finance minister Maria Fekter told CNBC.

  • Austrian Banks Told to Limit Lending to the East Tuesday, 22 Nov 2011 | 1:56 AM ET

    Austrian bank supervisors have instructed the country banks to limit future lending in their east European subsidiaries, a further sign of the potential knock-on effects of the euro zone crisis for economies around the world.

  • Austria Denounces 'Apocalyptic' Credit Rating Threat Friday, 11 Nov 2011 | 10:20 AM ET
    Austria

    The Austrian finance ministry reacted to a market swing against the country's sovereign debt Friday by saying that its triple A credit rating remains "stable."

  • Cities That Vanished Wednesday, 9 Nov 2011 | 5:00 PM ET
    The story of the ruined city of Pompeii is one of the best-known examples of a city that suddenly ceased to exist. One moment it was a thriving metropolis, then an eruption of Mount Vesuvius in AD 79 buried the city in volcanic ash. It was accidentally rediscovered in 1749 and excavated, revealing a time capsule of city life during the era of the Roman Empire. It’s not just ancient cities that vanish, however. The following collection includes a city that disappeared just this past August. And e

    There are many different ways a city can disappear. Click and prepare to feel unsettled by the transience of human settlements.

  • Banks, Analysts Slam Hungary's 'Disaster' Loan Law Thursday, 29 Sep 2011 | 9:46 AM ET
    Budapest, Hungary

    Hungary's decision to help its citizens pay back the foreign exchange loans they took at the height of the economic boom a few years back has sparked outrage among banks and spooked foreign investors.

  • Think Euro Zone Peace Is at Hand? Think Again Thursday, 18 Aug 2011 | 12:53 PM ET

    Even as France and Germany were proposing new euro zone reforms, Finland was inking its own deal with Greece. Now others want in.

  • Sberbank Not Bidding for Raiffeisen: CEO Wednesday, 8 Jun 2011 | 9:09 AM ET
    Negotiating Pay

    Russian state-owned bank Sberbank is not looking to buy the Eastern European assets of Austrian bank Raiffeisen and it is still in talks to buy the Eastern European branches of Volksbank, Sberbank CEO Herman Gref told reporters on Wednesday.

  • Central Europe Stock Exchange Looking to Buy: CEO Wednesday, 1 Jun 2011 | 12:45 AM ET
    Share Price chart

    The CEE Stock Exchange Group, consisting of the Vienna, Budapest, Ljubljana and Prague stock markets, is interested in buying more stock exchanges in the region, Michael Buhl, CEO of the CEE Stock Exchange Group, told CNBC.com in an interview.

  • Obama Heads Towards Underpriced Property Market  Friday, 27 May 2011 | 2:02 AM ET
    Budapest, Hungary

    Investors should not focus just on the politics in Eastern Europe but rather turn their eyes towards its underpriced commercial property markets, Holger Schmidtmayr, Board Director at Austrian real estate investment company Sparkassen Immobilien, told CNBC.com.