President Viktor Yushchenko was vexed when European Commission President Jose Barroso suggested that he and Ukrainian Prime Minister Yulia Tymoshenko should make peace for the sake of Ukraine's stability. "I don't want to get advice on what to do anywhere in Europe, this is humiliating,"... MORE

Surgut Neftegaz appears to have vastly overpaid for OMV's stake in MOL. The Russian company bought the 21.2 percent stake for 1.4 billion Euros on March 30 on the Budapest stock exchange. The average purchase price per share was 19,200 Hungarian Forint, almost double the... MORE

The Kremlin-connected oil company Surgut Neftegaz has surreptitiously bought Austrian OMV's entire 21.2 percent stake in Hungary's MOL Oil and Gas Company. European Union authorities, the privately owned MOL, and Hungary are aghast at Surgut's move and OMV's collusion with it. Budapest and Brussels were... MORE

Official data released after the local elections in Turkey shows that the global financial crisis has affected the economy more severely than the ruling Justice and Development Party (AKP) has acknowledged. Turkey's economic growth dropped sharply in the last quarter of 2008, and its exports... MORE

The political stakes are intensifying in Kyrgyzstan as the presidential elections scheduled for July 23 has revealed that several political leaders might challenge the incumbent president Kurmanbek Bakiyev. The country's main opposition bloc, the United National Movement (UNM), however, is currently frantically searching for suitable... MORE

On April 1 the first face-to-face meeting of presidents Barrack Obama and Dmitry Medvedev took place before the G20 summit in London. In an official joint statement after their meeting Obama and Medvedev announced their intention to "move beyond Cold War mentalities" and work together... MORE

The mixed results of the Turkish local elections on March 29 raised questions over the future direction of the governing Justice and Development Party's (AKP) policies (EDM, March 31). The government is unlikely to call a snap election, but the relative decline in the AKP's... MORE

Armenia's leadership and main opposition forces are gearing up for a fresh showdown in the first local elections in Yerevan since the early 1990s to be held on May 31. The surprise decision by the top opposition leader, Levon Ter-Petrosian, to run for Yerevan mayor... MORE

On March 27 Russia's state owned gas monopoly Gazprom signed a memorandum of understanding with Azerbaijan's state-owned oil and Gas Company, SOCAR, which would provide for deliveries of Azeri gas to Russia starting in January 2010. The report in the Russian newspaper Vedomosti on March... MORE

Turkey's local elections on March 29 produced mixed results, with the governing Justice and Development Party (AKP) emerging victorious, yet underperforming compared with earlier elections. The AKP received a 38.86 percent share of the vote, while the Republican People's Party (CHP) and the Nationalist Action... MORE