Czechia's central bank leads EU with tightening cycle amid exceptionally strong economy but unanimously votes for “nothing dramatic”.
With core inflation even more alarming as it approaches a 14-year peak, economists call for monetary tightening, but president and ministers persist with unorthodox demands for loosening.
Though Russia's Rostec says the deal has been arranged at more than $2bn and Turkish president states a down payment has been made, observers still foresee Nato member Turkey backtracking.
The US Department of Justice is investigating six Russians government officials over hacking and meddling in the 2016 US presidential elections
Social Democrats say they want to "untangle the corruption octopus" while slamming the government's handling of the crisis at food and retail giant Agrokor.
Public broadcasters from the region have missed out on the Eurovision song contest and other televised events due to their financial woes.
The regulator has revoked the licenses of about 350 lenders over the last four years bringing the number of banks in Russia to about 600
Strategy sent to parliament for approval just days after the appointment of the country’s new Defence Minister Eugen Sturza in the face of fierce opposition from pro-Russian President Igor Dodon.
Oleksandr Avakov has been released from detention but is under electronic tagging surveillance
Busy agenda ranges over preserving nuclear deal, Syria, Rosneft and NIOC contracts worth $30bn and planned 7,200-kilometre International North-South Transport Corridor.
Gas shippers bid for capacity transmission contracts using pipeline that will link Poland to gas fields operated by state-controlled utility PGNiG in an effort to further reduce dependence on Russian supplies.
Albania and Bosnia could struggle to meet accession criteria by 2050 and Serbia is unlikely to join before the mid-2030s, a new study reveals.
Czech president backs plan of anti-establishment Ano movement to form one-party cabinet likely to include several technocrats, but other parties could erect obstacles, possibly putting approval of 2018 budget at risk.
Demand in Southern, Southeast Europe would justify second branch of Turkish Stream, but no plans to go ahead without legal guarantees from Brussels, Russian foreign minister says.
Quietly released document, full of Cold War-style jargon, appears to draw lessons from the fate of Crimea at the hands of Russia.
Opponents including President Klaus Iohannis say the changes will increase political control over the judiciary and help officials suspected of corruption to avoid prosecution.
New president’s drive for reform in Central Asia’s most populous country gets boost from climb of 13 places in ranking.
The son of Ukraine's Interior Minister Arsen Avakov is suspected of embezzling more than UAH14mn ($520,500) in a procurement deal with the National Guard
Russia is now ranked only one place below Japan and is ahead of some EU states, such as Italy and Belgium, in terms of the World Bank's assessment of its 'ease of doing business'
Constitutional Court endorses proposal from a group of MPs to change the official language name to Romanian in latest blow for pro-Russian President Dodon who wants to keep the name “Moldovan”.