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Raiffeisen Bank International is set to sell assets, as well as divest portfolios, in a bid to reduce the pressure on its capital from the Ukraine crisis and the hike in the value of the Swiss franc.
Three hundred Auschwitz survivors took the lead in a remembrance that had been threatened with being overshadowed by the growing fight between Russia's Vladimir Putin and the West.
Hungary's new road freight legislation is costly and unworkable, and makes a mockery of the government's supposed long-term intentions of becoming Central Europe's “centre of industrial production”.
Hungary is pushing to establish a project to collect gas from Russia's proposed "Turk Stream" pipeline and ship it to Central Europe, Foreign Minister Peter Szijjarto said on January 26.
Russia plans to build a giant liquefied natural gas terminal on its Baltic coast that could disrupt efforts to construct a pan-regional facility to serve Latvia, Lithuania and Estonia.
Central European currencies have recovered strongly on the back of the ECB's huge quantitative easing programme, opening up space for more monetary easing in the region to shoot down deflation.
Poland could force banks to shoulder huge losses on forex loans, the PM said, as the government juggles a political hot potato ahead of elections. The path that Warsaw looks set to tread is becoming well worn.
"Hungarian Politics in 2014" offers a grand critique of – and insight into – Fidesz's most controversial policies since elected in 2010.
Poland's dreams of a shale gas bonanaza have crumbled amid bureaucratic delays, geological problems and changing market conditions.
Hungary's government plans to have a "non-profit" state utility set up by the end of February, local media reported on January 23.