Iran will try to persuade Saudi Arabia to cut oil production when ministers from the two OPEC members meet this week, Mehr news agency reported.» Read More
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.
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 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.
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."
There are many different ways a city can disappear. Click and prepare to feel unsettled by the transience of human settlements.
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.
Even as France and Germany were proposing new euro zone reforms, Finland was inking its own deal with Greece. Now others want in.
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.
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.
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.