Eastern Europe

Polish economy tumbles as global investors take flight

By Marius Heuser, March 4, 2009

Twenty years after the restoration of capitalism, the Polish economy is facing economic collapse as foreign capital flows out of the country.

Russian government moves to save big business, suppress opposition

By Vladimir Volkov, March 4, 2009

The Kremlin’s initial declarations about Russia’s supposed immunity from the global economic crisis have been replaced with statements of fear about economic destabilization and social unrest.

Brussels: Divisions dominate EU summit in face of deepening crisis

By Stefan Steinberg, March 3, 2009

At the Brussels summit, EU nations were unable to agree on any concrete measures to combat the mounting economic crisis.

Latvian government resigns as crisis deepens in Eastern Europe

By Markus Salzmann, February 25, 2009

Latvia’s centre-right government resigned last Friday, against the background of a worsening economic crisis.

Romanian government agrees to drastic austerity package

By Markus Salzmann, February 14, 2009

Romania’s grand coalition government is determined to shift the burden of the economic crisis onto the backs of the country’s working people through harsh austerity measures.

The Russia-Ukraine gas conflict and the geopolitical struggle for control of energy resources

By Vladimir Volkov, February 3, 2009

The natural gas dispute sharpened Ukraine’s political and economic tensions, provoked a wave of anger in Europe and reinforced European desires to diversify its sources of gas.

Ukraine and Russia reach gas agreement

By Niall Green, January 26, 2009

A deal has been reached to end the gas dispute between Russia and Ukraine. Millions across Europe have been left with little or no gas for heating in the middle of winter.

The crisis in Eastern Europe and the lessons of 1989

January 26, 2009

Twenty years after capitalist restoration, east European economies confront catastrophe.

Economic crisis unleashes violent protests across Eastern Europe

By Markus Salzmann, January 26, 2009

The international economic crisis has hit Eastern Europe with full force and brought long-simmering social and political tensions to the surface.

Lawyer and human rights activist Stanislav Markelov murdered in Moscow

By Vladimir Volkov, January 23, 2009

On January 19, Stanislav Markelov was shot in the head and killed in central Moscow. The 34-year-old lawyer and human rights activist was president of the Institute for the Supremacy of Law.

Belarus receives $2.5 billion IMF loan

By Niall Green, January 22, 2009

Belarus has secured a $2.5 billion emergency loan from the International Monetary Fund. The bailout comes amidst a crisis of the economies of the whole eastern European region.

Russian gas supplies through Ukraine resume

Dispute exposes crisis of European energy strategy

By Niall Green, January 13, 2009

Russia, Ukraine and officials from the European Union have agreed to a deal to resume natural gas supplies to Europe after Russian state-owned gas company Gazprom turned off gas supplies for Ukraine o...