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Eastern Europe

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  • What's Driving Volatility?     Thursday, 29 Sep 2011 | 2:00 PM ET

    John Tabacco, Locatestock.com, discusses what's behind recent market volatility.

  • 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.

  • Michael Buhl, CEO of the central and eastern Europe stock exchange, told CNBC that the outlook for economic development in Eastern Europe is positive, but the debt crisis will continue to fuel volatility.

  • 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

    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.

  • Lost Decade for Developed World: Chair     Wednesday, 28 Sep 2011 | 5:20 AM ET

    "I think most of the developed world, including Hungary, is looking at a lost decade," Gyorgy Jakistky, chairman of Concorde Securities based in Budapest, Hungary, told CNBC.

  • Hungary Preps for 2012 Budget     Wednesday, 28 Sep 2011 | 4:20 AM ET

    Janos Toth, partner at Wolf Thesis, joined CNBC to discuss Hungary's prospective 2012 budget announcement.

  • "We are expecting oil prices to sit around $100, but there is a big probability of high volatility," Jozsef Molnar, CEO of energy firm MOL told CNBC. Mol is one of Eastern Europe's largest businesses.

  • 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.

  • Invest in OTP Bank: Analyst     Wednesday, 28 Sep 2011 | 1:30 AM ET

    Gergely Pálffy, equity research analyst at KBC Securities, told CNBC that investors interested in Hungarian opportunities should look at OTP Bank, which has a high Tier 1 capital ratio.

  • 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.