×

Europe News Eastern Europe

  • 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.

  • underpaid_name_tag_200.jpg

    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.

  • greece_flag_cracked_200.jpg

    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.

  • Budapest_US_Ambassador_Official_200.jpg

    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.

  • 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

    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.

  • arrow_3_pix_white.jpg

    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.

  • Prague_Street_Artists2.jpg

    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.

  • chart_scary.jpg

    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?

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

  • 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.

  • 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.

  • 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.

  • merkel_angela_240.jpg

    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.

  • Strong Investor Base in Poland: Asset Manager

    "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

    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".

  • 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.

  • UNSPECIFIED - FEBRUARY 07: Cathedral in a city, St. Martin's Cathedral, Bratislava, Slovakia (Photo by DEA / W.BUSS/De Agostini/Getty Images)

    Slovakia is now, together with the Czech Republic, considered a  relative safe haven, more so than many other countries, both in Central and Eastern Europe and in the euro zone.

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

    Poland faces parliamentary elections on Oct. 9, but any new government will have to show restraint in spending public money, analysts said.

  • A logo of Hungarian Natianal Bank (Magyar Nemzeti Bank, MNB) is seen on the wall of the MNB's headquarter in Budapest on July 19, 2010. Fruitless talks with the International Monetary Fund on access to a crucial loan package put pressure on the Hungarian forint, with analysts warning of further uncertainty in coming months. Economy Minister Gyorgy Matolcsy insisted however that the "talks did not break down but they have been suspended. AFP PHOTO / ATTILA KISBENEDEK (Photo credit should read ATT

    Hungary's government has raised a lot of eyebrows among investors since it came to power in May 2010.