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Eastern Europe

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  • Cash-Short, U.S. Weighs Asset Sales Friday, 30 Sep 2011 | 4:21 AM ET
    US Debt Clock

    Like Americans trying to raise quick cash by unloading their unwanted goods, the federal government is considering a novel way to reduce the deficit: holding the equivalent of a garage sale, reports the NY Times.

  • Castle Square in Warsaw old town, 30th July 2010. (Photo by Luis Davilla/Cover/Getty Images)

    Concerns over investment in Central and Eastern Europe have grown as a solution to the problem of sovereign debt in the peripheral euro zone has eluded policymakers and global growth has slowed.

  • Greek Bonds Lure Some, Despite Risk Thursday, 29 Sep 2011 | 10:14 AM ET

    LONDON—Greece may never be able to pay off its huge debts, but its bonds, long scorned by investors, are suddenly being gobbled up by hedge funds. After a number of investors struck gold by betting against French banks, many have turned their attention to the hot yet risky euro zone trade of the moment: buying Greek government bonds that traders say are changing hands for as little as 36 cents for each euro of face value.

  • 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.

  • Interns Sue Major Movie Studio Thursday, 29 Sep 2011 | 5:17 AM ET

    Two men who worked on the hit movie “Black Swan” have mounted an unusual challenge to the film industry’s widely accepted practice of unpaid internships by filing a lawsuit on Wednesday asserting that the production company had violated minimum wage and overtime laws by hiring dozens of such interns. The NYT reports.

  • Greek Bonds Lure Some, Despite Risk Thursday, 29 Sep 2011 | 4:04 AM ET

    Greece may never be able to pay off its huge debts, but its bonds, long scorned by investors, are suddenly being gobbled up by hedge funds, the New York Times reports.

  • Hungary Needs to Bring Predictability: US Ambassador Thursday, 29 Sep 2011 | 1:27 AM ET

    Hungary's government is taking steps to pull the country out of the difficult economic conditions it still faces but needs to ensure predictability, Eleni Tsakopoulos Kounalakis, US Ambassador to Hungary, told CNBC.com.

  • Debt 'Public Enemy No.1' to Hungary: Minister Wednesday, 28 Sep 2011 | 7:31 AM ET
    Hungary

    Since it was elected last year, Hungary's government has aggressively aimed to cut the country's debt burden, through raising taxes and nationalizing private pension assets, amongst other measures.

  • Emerging Market Opportunities     Wednesday, 28 Sep 2011 | 7:14 AM ET

    The correction in markets around the world have given us the opportunity to pick up stocks that we wanted to in the past that were too expensive, says Mark Mobius, Templeton Emerging Markets Group executive chairman.

  • Greece? Does Anyone Care East of the Danube? Wednesday, 28 Sep 2011 | 5:43 AM ET

    I've been to three European countries in three days and have not seen one newspaper headline on Greece, or the debt crisis. In fact, the topic when raised elicits yawns.

  • Fear of another downturn in the world economy lurks behind the smiles and relaxed atmosphere; the Czech Republic is heavily reliant on exports to the euro zone, especially Germany, for its economic growth.

  • Safe Haven Status 'Dangerous': Czech Deputy Minister Wednesday, 28 Sep 2011 | 1:32 AM ET

    Martin Tlapa, Deputy Minister, Ministry of Industry and Trade of the Czech Republic told CNBC.com in an interview in Prague that the "safe haven" label looks rather scary for a small, open economy that needs a stable exchange rate to function properly.

  • Czech Republic: Investment Opportunity?     Tuesday, 27 Sep 2011 | 3:45 AM ET

    Miroslav Singer, Governor of the Czech National Bank, joined CNBC to discuss the Czech Republic's economic prospects.

  • Why Poland Is Falling Out of Love With the Euro Tuesday, 27 Sep 2011 | 2:51 AM ET
    A tramway pass in the center of Warsaw on June 8, 2011. Poland and Ukraine will co-host the 2012 European Football Championship.

    Analysts are skeptical now that the euro would be such a good idea, even if ordinary Poles are still optimistic.

  • Foreigners in Markets May Be Poland's Next Problem Tuesday, 27 Sep 2011 | 12:57 AM ET
    Warsaw's Castle Square

    Some analysts have dubbed Central and Eastern Europe a safe haven – due to relatively low risk, because the countries have reformed, and relatively high yields, as they are still seen as emerging markets – but the risks are increasing.

  • Why Poland Is Falling Out of Love With the Euro Tuesday, 27 Sep 2011 | 12:47 AM ET
    A tramway pass in the center of Warsaw on June 8, 2011. Poland and Ukraine will co-host the 2012 European Football Championship.

    Analysts are skeptical now that the euro would be such a good idea, even if ordinary Poles are still optimistic.

  • Europe Stews on Greece, and Markets Sweat Out the Wait Monday, 26 Sep 2011 | 10:34 AM ET

    European leaders headed home from a weekend of meetings in Washington vowing bolder steps to address widening anxiety about the Continent’s debt burden. But it will most likely be weeks or even months before any new action comes to pass. The NYT reports.

  • "I think Poland is still quite an exciting market. First of all, because there is a very strong local investor base, and the pension and investment funds represent over $100 billion in assets," Greg Konieczny, investment manager at Franklin Templeton, told CNBC.

  • Zloty Boost Punishes Speculators: Economist     Monday, 26 Sep 2011 | 1:30 AM ET

    Mateusz Szczurek, CEE chief economist at ING, told CNBC that the Polish central bank had justified its decision to prop-up the zloty on the grounds that it needed to "punish speculators".

  • Russian Job Swap Sparks Kremlin Revolt Monday, 26 Sep 2011 | 1:13 AM ET
    Vladamir Putin

    Senior Russian government figures have rebelled against a deal between President Dmitry Medvedev and Vladimir Putin, the prime minister, to switch jobs next year. The FT reports.