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Hyundai’s big push into Europe

Europe isn’t all doom and gloom for business. Hyundai Motor is on a roll, defying the region’s slowing economy and debt woes. The group has sharply increased sales in recent months thanks to South...

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OECD to Orban: sort your house out

The OECD published a 150-page report on Hungary on Tuesday, part wish-list, part gripe. The country must take “swift action” to stabilise its economy and put growth on a sound footing. This on the same...

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Guest post: Ukraine’s boycott blues

By Andrew Wilson of the European Council on Foreign Relations Sporting boycotts are back in fashion. Azerbaijan hosts the Eurovision Song Contest on 26 May, with Armenia predictably absent. Russia is...

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Serbia: shock defeat for pro-EU Tadic

A cry of pain from the Balkans. Serbia’s pro-EU president Boris Tadic suffered a shock defeat in Sunday’s election at the hands of his nationalist challenger Tomislav Nikolic. The result won’t...

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Serbia: big shock, little change

The shock victory of former ultranationalist Tomislav Nikolic in Serbia’s presidential election makes the country’s immediate future more uncertain but radical changes to economic policy are unlikely....

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Euro 2012: a crossroads for Ukraine

Goodbye Greece! Footage of German Chancellor Angela Merkel (left) celebrating Germany’s 4-2 quarter final victory over Greece in the Polish port city of Gdansk may have a wider political symbolism. But...

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Montenegro: Azerbaijan state oil company in controversial resort investment

It seems unlikely that Butlins, ClubMed or Westin will branch into the hydrocarbons sector any time soon. But the State Oil and Company of Azerbaijan Republic (Socar) is planning to invest €258m to...

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Czech ČEZ: old assets on the block

By Tim Gosling of business new europe ČEZ, the Czech power utility, has put five of its coal-fired power plants on the block and hired the local unit of Deloitte as its financial adviser on the sale....

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Gazprom investigation: long road ahead

Investors appear to have shrugged off news that the European Commission has opened a formal investigation of the Russia’s natural gas monopoly for suspected anti-competitive practices in European gas...

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Croatia: German warning on EU bid

“Croatia is clearly not yet ready for membership.” Not the message that Zagreb wanted to hear as it prepares for EU accession, particularly from a figure as senior as the speaker of the German...

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Croatia’s cost of EU entry: higher energy prices

Croatia’s expected entry to the European Union in July 2013 will be a big step for the country, which emerged from a bloody war of independence two decades ago. But membership of the EU comes at a cost...

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Croatia: minister faces Hungarian jail after fatal road accident

Croatia’s Deputy Prime Minister Radimir Cacic was sentenced in Hungary on Wednesday to 22 months in prison for causing a fatal crash in 2010. Cacic, who is Prime Minister Zoran Milanovic’s closest...

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Croatia: surviving recession

A grim reminder on Friday of the economic havoc that the eurozone crisis is wreaking in the Balkans. Croatia’s GDP shrank 1.9 per cent year-on-year in the third quarter, according to to the state...

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Croatia likely to be in recession as it joins the EU this year

This might have been a triumphant year for Croatia. Less than a decade and half after its war of independence, the country will join the EU in July, symbolically returning to the mainstream European...

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Latvia goes for the euro

Premier Dombrovskis A vote of confidence in the euro: Latvia on Monday formally decided to join the troubled common currency, with the prime minister, finance minister and central bank governor jointly...

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Guest post: Turkey to the rescue?

By Timothy Ash of Standard Bank Greek Cypriots must be thinking that with friends like these (the EU and Russia, both seeking to extract their pound of flesh for any bail-out), who needs enemies? Well,...

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Serbia clears 1st hurdle on EU road

Serbia was regarded as an international pariah as recently as the last decade but it moved a step closer to joining the European Union on Monday, an acknowledgement of the Balkan country’s return to...

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Guest post: pardon of political prisoners opens door to renewed Ukraine-EU...

By Jamie Scudder of Maplecroft The European Parliament’s decision on April 18 to extend its monitoring mission to Ukraine is a crucial step for the country in the context of its European aspirations....

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Guest post: defusing the EU and China’s explosive trade dispute

By Carlos Braga (r) and Jean-Pierre Lehmann of IMD The EU-China solar panel dispute could conceivably fizzle out. Alternatively, it could escalate into a major trade conflict between two of the world’s...

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Guest post: EU and Ukraine must build a bridge between east and west

By Romano Prodi, former president of the European Commission It is rare that world leaders have a chance to pragmatically achieve an idealistic goal, to unite bold dreams and careful statesmanship at...

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