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Eastern Europe

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  • $2 Trillion Economy With a Major Trust Problem Wednesday, 13 Feb 2013 | 9:18 AM ET

    A $2 trillion economy and a stock market that trades at valuations cheaper than Pakistan - Russia is struggling to gain the trust of international capital.

  • Ivana Gazic, CEO of the Zagreb Stock Exchange, tells CNBC they are trying to do things to promote Croatia's stock exchange, such as introduce new products and talk to investors.

  • Findus Beef Lasagne found to contain 60 percent horse meat.

    Six big French retailers said on Sunday they were recalling lasagna meals and other products suspected of being mislabeled after the discovery of horsemeat in beef products.

  • G20 to Skirt Potholes as World Economy Recovers Sunday, 10 Feb 2013 | 6:39 PM ET

    With the road ahead looking a bit smoother, G20 finance ministers will be happy to ignore the wreck in the rear-view mirror when they meet this week to steer a course for the world economy.

  • Findus Beef Lasagne found to contain 60 percent horse meat.

    The French and British governments promised on Saturday to punish those found responsible for selling horsemeat in beef products at the heart of a growing scandal.

  • EU Leaders Strike Deal on Long Term Budget Friday, 8 Feb 2013 | 11:07 AM ET

    European Union leaders reached agreement on the first ever cut in their common budget on Friday after 24 hours of talks, seeking to placate millions at home struggling through government cutbacks and recession.

  • Lawson Urges Full Nationalization of RBS Friday, 1 Feb 2013 | 1:23 AM ET

    Nigel Lawson, former Tory chancellor, has urged George Osborne to fully nationalize the Royal Bank of Scotland, attacking the banking industry's bonus culture and what he says are its overrated "star" traders, the Financial Times reports.

  • Iran Oil Exports to Asia Fell by a Quarter in 2012 Thursday, 31 Jan 2013 | 7:04 PM ET
    FILE - An Iranian oil technician makes his way to the oil separator facilities in Iran's Azadegan oil field southwest of Tehran.

    Iran's crude exports to its biggest customer, Asia, fell by a quarter in 2012 and shipments this year are expected to drop by at least 12 percent under U.S. sanctions pressure, but ample alternative supplies will keep refiners flush with oil.

  • G20 Unlikely to Pressure Japan Over Weakening Yen Monday, 28 Jan 2013 | 7:09 PM ET

    The world's top economic policymakers are likely to discuss how Japan's new monetary and fiscal policy drive is weakening the yen when they meet next month, but will stop well short of calling it a competitive devaluation, G20 officials said.

  • Brace for Prolonged Grounding of Dreamliner Thursday, 24 Jan 2013 | 8:10 PM ET

    U.S. safety regulators are nowhere near finishing an investigation into a battery fire on the Boeing 787 Dreamliner, a top official said on Thursday, raising the prospect of a prolonged grounding for the aircraft.

  • Large Banks Seen Dodging EU Financial Tax Bullet Thursday, 24 Jan 2013 | 1:35 AM ET

    A financial trading tax (FTT) planned by a group of euro zone nations could leave major banks, its main target, relatively unscathed while less nimble smaller trading houses, pension funds and asset managers bear the brunt.

  • Banks Try to Put Past Sins Behind Them at Davos Wednesday, 23 Jan 2013 | 11:12 PM ET

    Leaders of the world's largest banks have gone some way to persuading investors that their industry's near-death experience is over, even though the public still doesn't trust them.

  • Medvedev Speech Unrealistic: CEO     Wednesday, 23 Jan 2013 | 10:40 AM ET

    William Browder, CEO and co-founder of Hermitage Capital Management, says Russian Prime Minister Dmitry Medvedev's speech at the World Economic Forum was divorced from reality, and advises investors to avoid the country.

  • Loading central banks with more tasks and pressing them to pursue more aggressive monetary policies could risk a round of competitive devaluations, European Central Bank policymaker Jens Weidmann said on Monday, citing pressure on the Bank of Japan.

  • London Fights to Defend Office Space Tuesday, 22 Jan 2013 | 1:40 AM ET

    The idea of converting offices into residential property as a way of encouraging house-building is not a new one; David Cameron first flighted the policy two years ago, the FT reports.

  • Peter Attard Montalto, emerging markets economist at Nomura, explains why there is still a strong inflow of investment in the South Eastern European region.

  • Salzburg Says Finances Safe Despite Trading Scandal Thursday, 17 Jan 2013 | 2:50 AM ET
    River Salzach and Salzburg skyline

    The Austrian province of Salzburg did not lose money as feared from covert trades by a civil servant, but actually made money from its financial management, the province said on Wednesday.

  • Hungary's Banking Tax Nightmare     Wednesday, 16 Jan 2013 | 3:15 AM ET

    Laszlo Wolf, deputy CEO of OTP Bank, talks to CNBC about the challenges facing Hungarian banks, who've been hit by a double whammy of banking and financial transaction taxes.

  • Latvia: An Austerity Success Story?     Wednesday, 16 Jan 2013 | 2:30 AM ET

    Valdis Dombrovskis, the prime minister of Latvia, speaks exclusively to CNBC's Geoff Cutmore about his growth expectations for the country, following a very aggressive austerity drive.

  • Eastern European Is Still Fragile: Pro     Wednesday, 16 Jan 2013 | 2:00 AM ET

    Virginie Maisonneuve, head of global equities at Schroders, tells CNBC that while certain Eastern European economies look quite good but they are still fragile.