Russian gas monopoly Gazprom and the state-owned Hungarian Development Bank signed a deal Friday setting up a company to develop Hungary's part of the South Stream gas pipeline project. The agreement is considered another step in Russia's efforts to consolidate its position ...

BRATISLAVA (Reuters) - Slovak Prime Minister Robert Fico's chances of winning a June 12 general election rose on Monday when his main rival, center-right ex-premier Mikulas Dzurinda, pulled out over accusations of money laundering. The dramatic withdrawal of the man who led Slovakia into the European Union and enacted far-reaching market reforms between 2002-2006 was a boost for Fico's ...

The National Bank of Hungary on Monday cut its main interest rate by a quarter percentage point to 6 percent, its lowest since September 2005. The rate cut, to take effect Jan. 26, was in line with analysts' expectations, who saw the central bank weighing ...