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Eastern Europe

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  • God’s New Banker Tries to Clean Up Vatican Friday, 31 May 2013 | 1:24 AM ET
    The Vatican

    The new head of the Vatican bank will need plenty of prayer and strength to rescue its scandal-torn reputation.

  • Do Rate Cuts Make Any Difference for Hungary?     Tuesday, 28 May 2013 | 3:30 AM ET

    Agata Urbanska, CEE Economist at HSBC, tells CNBC that there is a wide consensus interest rates will be cut by 25 basis points in Hungary.

  • Russia's 'Facebook' Blacklisted by 'Mistake' Friday, 24 May 2013 | 10:01 AM ET

    Russia's leading online social network was briefly banned on Friday, in a move dismissed as a "mistake" but which follows intensifying official pressure on the company.

  • Czech Bank Shut Over Fraud Investigation Monday, 20 May 2013 | 10:57 AM ET

    A bank and savings institution in the Czech Republic was closed and all deposits frozen pending a fraud investigation by the Czech central bank and ministry of finance.

  • UK Government Faces $13.7 Billion Budget Hole Friday, 17 May 2013 | 1:15 AM ET

    George Osborne's attempt to slash £11.5bn off public spending in election year has run into cabinet trouble, after ministers identified only £2.5bn in cuts to their budgets.

  • Russia’s Economy Could Be Next Big Underperformer Thursday, 16 May 2013 | 12:00 AM ET

    Russia is set for 10 years of anemic growth, according to economists, who said the slowdown is predominantly due to low investment and structural factors.

  • Poland to Grow Ireland-Style as Crisis Heads East Tuesday, 14 May 2013 | 6:30 AM ET

    Poland is forecast to grow in line with crisis-mired Ireland this year, as euro zone woes hit Eastern Europe.

  • Europe Needs Investment & Cuts: CEO     Thursday, 2 May 2013 | 3:30 AM ET

    Robert Simoncic, CEO of Slovak Investment & Trade Development, tells CNBC that for Slovakia it is important that Europe is fiscally responsible as they are heading towards less than 3 percent deficit.

  • Punch-Up in Parliament; Venezuelan Lawmakers Hurt Wednesday, 1 May 2013 | 2:48 AM ET

    Fistfights broke out in Venezuela's parliament on Tuesday during an angry session linked to the South American nation's bitter election dispute.

  • Deutsche Bank Unveils Forecast-Beating Earnings Tuesday, 30 Apr 2013 | 12:45 AM ET
    Deutsche Bank, Frankfurt

    Deutsche Bank said it will beef up its balance sheet with a 2.8 billion euro capital increase and unveiled forecast-beating first-quarter earnings following a wave of aggressive cost cuts.

  • Still Good Reasons to Join the Euro: ECB's Asmussen Monday, 29 Apr 2013 | 10:39 AM ET
    The European Central Bank in Frankfurt, Germany

    There are still good reasons for countries to join the euro zone, despite its difficulties at the moment, European Central Bank Executive Board member Joerg Asmussen said on Monday. Emerging economies in eastern Europe are among potential candidates to join the single currency.

  • Abe Hopes Russia Summit Will Ease Island Row Sunday, 28 Apr 2013 | 11:26 PM ET
    Japanese Prime Minister Shinzo Abe.

    Prime Minister Shinzo Abe hopes talks with President Vladimir Putin on Monday will revive efforts to end a territorial dispute that has prevented the nations signing a treaty to end World War Two.

  • Massive Privatization to Help Cut UK Debt Monday, 22 Apr 2013 | 1:16 AM ET

    Up to half the 21 companies where the U.K. government has a shareholding could be wholly or partly privatized in the next few years, a senior official has said.

  • G-20: Does the World Need Austerity? Saturday, 20 Apr 2013 | 2:22 AM ET

    Finance leaders of the G-20 economies on Friday edged away from a long-running drive toward government austerity in rich nations, rejecting the idea of setting hard targets for reducing national debt in a sign of worries over a sluggish global recovery.

  • Greece, Cyprus May Be Forced to Exit Euro: Citi Friday, 19 Apr 2013 | 8:02 AM ET

    Major debt restructuring for both Cyprus and Greece will probably force the struggling euro zone countries to leave the single currency, according to Citigroup.

  • EU Promises Less Austerity as G20 Debates Debt Friday, 19 Apr 2013 | 4:03 AM ET

    The euro zone will slow its budgetary belt-tightening to help reinvigorate economic growth, a top EU official said on Thursday.

  • Romania Moves to Compensate Communism's Victims Thursday, 18 Apr 2013 | 3:10 AM ET
    Romania, Maramures, Dacia car loaded with hay

    Romania expects to pass legislation this week to compensate all owners of property seized under communism, seeking to draw a line under a haunting past more than 20 years after the overthrow of Nicolae Ceausescu.

  • EU Budget Fraud Could Top $6.5 Billion: Study Thursday, 18 Apr 2013 | 2:53 AM ET

    The European Union could be losing more than 5 billion euros ($6.5 billion) a year from its budget due to fraud, according to a damning new report by the U.K.'s upper house of parliament.

  • Marcus Svedberg, Chief Economist at East Capital says crisis management is appallingly bad in Europe, but he points to Latvia as an example of a success story in governmental austerity measures.

  • Did China Just Tell North Korea to Knock It Off? Sunday, 7 Apr 2013 | 11:53 AM ET

    Chinese leaders didn't directly name North Korea but everyone knew who they meant when the warned against "troublemaking on China's doorstep."