The man leading Ukraine's presidential election called on his rival Tuesday to accept defeat, and he vowed to unite Ukraine after an election that has split the country in two.
Prime Minister Yulia Tymoshenko refuses to concede defeat in Ukraine's presidential election and plans to demand a recount in some districts, officials from her party, Bloc Tymoshenko, said Tuesday.
In a remarkable comeback, former Prime Minister Viktor Yanukovich seemed set Monday to become the president of Ukraine -- five years after he was ousted in a populist pro-Western uprising dubbed the "Orange Revolution."
Exit polls showed former Ukraine Prime Minister Viktor Yanukovich as the victor over current populist Prime Minister Yulia Tymoshenko in the runoff of the nation's presidential elections.
From the mid-1980s, Hungarian-born investor and philanthropist George Soros pumped hundreds of millions of dollars into foundations in Eastern Europe dedicated to promoting the idea of the "open society" and challenging the region's Soviet-backed regimes. Since then his Open Society Institute has evolved into a network of foundations and offices working in over 60 countries. Here, writing exclusively for CNN.com, he describes how the work of his foundations ultimately contributed to the collapse of communism.
A specter is haunting Eastern Europe: the ghost of Communism past.
With all due respect, President Obama and Federal Reserve Chairman Bernanke, to put it bluntly, should shut up.
On Sunday morning, I boarded a bus in Brooklyn with a group of approximately 40 citizens from New York, all African-American, each of whom would not have missed for almost anything the inauguration of President Barack Obama.
Oil prices pushed higher Tuesday as Hurricane Gustav threatened the oil infrastructure in the Gulf of Mexico, but gains were tempered by a stronger U.S. dollar.
Randy Simor's entrepreneurial savvy was severely tested when police and anti-government protesters in Budapest skirmished during celebrations commemorating the 50th anniversary of the 1956 Hungarian uprising against the Soviet Union. As the CEO of Meditours Hungary, a Budapest-based business offering Americans and Europeans access to Hungarian medical care, he had five clients in the city that day.
The man leading Ukraine's presidential election called on his rival Tuesday to accept defeat, and he vowed to unite Ukraine after an election that has split the country in two.
Prime Minister Yulia Tymoshenko refuses to concede defeat in Ukraine's presidential election and plans to demand a recount in some districts, officials from her party, Bloc Tymoshenko, said Tuesday.
In a remarkable comeback, former Prime Minister Viktor Yanukovich seemed set Monday to become the president of Ukraine -- five years after he was ousted in a populist pro-Western uprising dubbed the "Orange Revolution."
Exit polls showed former Ukraine Prime Minister Viktor Yanukovich as the victor over current populist Prime Minister Yulia Tymoshenko in the runoff of the nation's presidential elections.
From the mid-1980s, Hungarian-born investor and philanthropist George Soros pumped hundreds of millions of dollars into foundations in Eastern Europe dedicated to promoting the idea of the "open society" and challenging the region's Soviet-backed regimes. Since then his Open Society Institute has evolved into a network of foundations and offices working in over 60 countries. Here, writing exclusively for CNN.com, he describes how the work of his foundations ultimately contributed to the collapse of communism.
A specter is haunting Eastern Europe: the ghost of Communism past.
With all due respect, President Obama and Federal Reserve Chairman Bernanke, to put it bluntly, should shut up.
On Sunday morning, I boarded a bus in Brooklyn with a group of approximately 40 citizens from New York, all African-American, each of whom would not have missed for almost anything the inauguration of President Barack Obama.
Oil prices pushed higher Tuesday as Hurricane Gustav threatened the oil infrastructure in the Gulf of Mexico, but gains were tempered by a stronger U.S. dollar.
Randy Simor's entrepreneurial savvy was severely tested when police and anti-government protesters in Budapest skirmished during celebrations commemorating the 50th anniversary of the 1956 Hungarian uprising against the Soviet Union. As the CEO of Meditours Hungary, a Budapest-based business offering Americans and Europeans access to Hungarian medical care, he had five clients in the city that day.
Forget lists of "What's Next" in travel. Eastern Europe is "What's Now." While it's catching up to the West -- becoming more modern, expensive and crowded -- Eastern Europe remains a great value. Here's what to expect this year.
As technology companies search from India to Eastern Europe for talent, and employers of day laborers decry attempts to cut off the supply from Latin America, CEOs seem to have overlooked one way of at least partly remedying the worker-shortage problem: Make their companies more family-friendly.
A strip of honey-colored flypaper spirals down from a thumbtack that anchors its now-empty canister. Speckled with lifeless flies, the canister swings each time the violin bow pokes it.
Ever dream about buying a little place in the rolling hills of Ireland? Perhaps you're drawn to living in Tuscany or wandering the snaggleways of London.
A crook has two advantages: The rise of fast credit and the easy availability of the information he needs to pretend to be you.
A mix of masculine and feminine, the elegance of a decade gone by and bright colors defined the wide array of looks in the first few days of New York Fashion Week.
Growth stocks haven't been this cheap in years. Risk: A weak economy might keep them cheap.
A new UNICEF report finds that millions of children in Eastern Europe and Central Asia still live in poverty, despite economic progress being made in the region.
Twice a day, laundry is sent out for washing from a Berlin hotel -- but the sheets don't stay in Berlin. They go all the way to Poland, to be washed there and returned within 24 hours.
With 10 more countries about to swell the ranks of the EU come May 1, the one business sector likely to get a boost is the travel industry -- both for leisure and business.
It could have been a scene straight out of "Casino Royale."
The MyDoom worm, which knocked out the Web site of a software company by bombarding it with a flood of data, has heightened concern about the threat of computer viruses.
BROADBAND Electrifying the Net
MICHAEL BAKER ArthroCare
When it comes to emerging markets, there's almost no end to the bad news. After a disastrous 2000, when they shed 30% of their value, stock markets in Latin America, Africa and Asia continued to tu...
We've long agreed with the prevailing wisdom that the threat of Internet credit-card fraud is minimal. Then came the January case in which an unidentified computer hacker, thought to be based in Ea...
What's bright green, tastes funny, may cause weird sensations and seizures if you're daring enough to drink it, and is suddenly showing up in all the really cool places these days? If you answered ...
Not too long ago, only investors with an Evel Knievel-like tolerance for risk would have considered emerging markets bonds. After all, as last fall's Asian economic crisis reverberated through deve...
Owning one of the hottest--and thus, perhaps, one of the riskiest--mutual funds specializing in Eastern Europe may have just gotten a little riskier. The reason: The manager who got things off to a...
Income investors who want equity-like returns can take a chance on sizzling emerging markets bond funds, which invest in debt issues in Latin America, Eastern Europe and the Far East. For the 16th ...
Ever since the Berlin Wall came down, people have been talking about the possibility of making big money in Eastern Europe. Now at least some investors are. A little-known mutual fund, Vontobel Eas...
Risk rules the bond rankings. Almost all the top spots for the past one, three, five and 10 years (to Jan. 27) belong to funds that invest in the diciest securities: emerging market debt and high-y...
Lured by spectacular gains in markets such as Russia (up 105% in the first eight months of this year), Hungary (86%), Poland (77%) and the Czech Republic (26%), several new mutual funds have sprung...
After six years of false starts, hardship, and loud public skepticism, Central Europe's three main economies have emerged from the Russian bear's shadow and look sustainably bullish. The Czech stoc...
DANIEL ARBESS was a baby-faced associate at the venerable New York law firm White & Case when he first traveled to Prague on vacation. It was December 1989, and the Czech capital was just emerging ...
WESTERN INVESTORS have poured some $15 billion into Eastern Europe in the five years since the Berlin Wall came down, but not everyone is happy. General Electric had to put an additional $400 milli...
Just months ago, the experts were writing off exports. Yes, U.S. manufacturers had become competitive on price and quality, but recession-ridden Europe and Japan simply didn't have much reason to b...
Wall Street old-timers used to chuckle about ''Peruvian bonds'': broker slang for worthless securities. Nowadays owners of the Andean country's debt are the ones who are smiling. Loans that sold fo...
While most of the industrialized world rouses from recent economic slumber, many developing nations are long awake and working overtime.
GLOBALIZATION. Aren't we sick of it? Haven't we heard enough already about consumers from Alabama to Zambia wearing Levi's and Nikes and sweaters from Benetton, drinking Coke and Pepsi, eating Big ...
Wilkommen to language school. Sorry about the crowd, but this industry is booming. Berlitz, which leads the field in teaching foreign tongues to executives, reports business enrollments shot up 49%...
(10) Painful farewells to complimentary Harvard manservant. (9) Nude break-dancing duels discouraged at most Wall Street firms. (8) Diplomas now made of paper, not animal skin parchment, which I co...
Interested in putting a few thousand dollars into hot growth companies in Eastern Europe? Or in one of those richly rewarding private placements of stock that Saudi Arabian princes seem so fond of?...
-- From the Baltic to the Black Sea, Eastern Europeans are loading up on merchandise bearing U.S. brand names like Kodak, Kellogg's, Band-Aids, Rice-a- Roni, SlimFast, and Purina Cat Chow. Warsaw s...
THIS WAS supposed to be Europe's year, the magical, long-awaited 1992 that would release all the competitive power locked up by nationalism, tribalism, and protectionism. Instead, Europe got divisi...
AT TIMES our aspirations seem no more than wishful dreams. With a sluggish global economy, a tight job market, slumping housing values, and rising costs for such essentials as health care and tuiti...
SOUTH KOREA'S long quest to be the next Japan seems right on schedule. The country's giant conglomerates are moving into every market on earth. Goldstar has bought a 5% stake in Zenith Electronics ...
SOUTH KOREA'S long quest to be the next Japan seems right on schedule. The country's giant conglomerates are moving into every market on earth. Goldstar has bought a 5% stake in Zenith Electronics ...
Few events hold as much potential for gains as the coming economic unification of Europe. Though there are still plenty of stumbling blocks, analysts figure that a successful integration could add ...
Of all the emerging Eastern bloc nations, none has a brighter future than Hungary. This peppery land of goulash and bauxite has taken to economic freedom with a vengeance. Within the last year or s...
A NERVOUS SOBRIETY has set in across Eastern Europe. Two years after the Iron Curtain came crashing down, the region's experiments with capitalism might, to some eyes, seem an excellent advertiseme...
Allied bombing in World War II couldn't destroy Konigsberg when it was part of Germany, and neither could 46 years of urban planning by the Soviets, who got hold of the city in 1945 and renamed it ...
The triumph of capitalism does not come cheap. As country after country struggles to build its market economy, the world will need more money than it did in the Eighties. Latin America, Eastern Eur...
COMPETITION/COVER STORY 48 DRUGMAKERS UNDER ATTACK Marketing muscle, patents, and a unique relationship with customers have made them America's most profitable industry. That will change as insurer...
Business is always personal, but especially so in Eastern Europe, where daunting bureaucracy and changing ground rules can spook even veteran investors from abroad. In such a climate, knowing the r...
Westerners eyeing business opportunities in Eastern Europe will find encouragement in Pope John Paul II's new 114-page encyclical. The Pope, once thought to have a slightly leftish political tilt, ...
IF YOU THINK America is suffering an inexorable industrial decline, the 1990s will surprise you. Capital investment -- a key indicator of vitality -- will rebound robustly in the manufacturing and ...
PATRICIA A. ZLOTIN, 44 MASSACHUSETTS FINANCIAL SERVICES CO. Five years ago Zlotin helped launch this Boston mutual fund company in the business of managing government securities. Today she runs fiv...
IF YOU DOUBT that there's a new climate for foreign businesses in Latin America, consider this tale. Michael Jordan, chairman of PepsiCo's international snack and beverage businesses, called on Mex...
The German automaker's $5.3 billion investment in Czechoslovakia's carmaker Skoda opens up the new and potentially huge Eastern European market, but it also may cost the company its planned comebac...
If a new world is indeed to be born in the aftermath of the Cold War, the midwives will be business leaders. So, at least, argues Paul Saffo of the Institute for the Future, a research outfit in Me...
WHAT INVESTOR isn't nostalgic for the Eighties? It seemed all you had to do was plunk down your money and watch it grow like a line at a Madonna concert. Investors in stocks enjoyed the second-best...
WITH THREE children nearing college age, this family will soon hear the wolf at the door, howling for tuition. Fossel suggests a portfolio with equal weight in stocks and bonds to wring out income ...
TWICE BURNED in the 1970s, Western Europe and Japan have spent the past decade getting ready for another oil shock. High taxes on heating oil and gasoline, among other measures, have reduced oil's ...
Not only is the U.S. starting to invest in Eastern Europe -- Eastern Europe is starting to invest here as well. Earlier this year Planeta, a printing press manufacturer near Dresden, East Germany, ...
If it worked for Silicon Valley, it can work for Eastern Europe -- or so the theory goes. The U.S. government is investing taxpayer dollars in venture capital funds -- the same financial vehicles t...
Archer Daniels Midland. The giant grain processor (NYSE, $25.50) has a firm foot in such growth fields as Eastern Europe and clean fuel. Its price could jump 20% in a year. Page 60
-- The British economy as a whole may not be doing too well, but British corporations took 28 of the top 50 places in a recent survey that ranked 250 European companies by profitability. (See table...
The Berlin Wall's fall last November raised more than hopes for finally reconciling Europe's post-Hitler halves. It upped the ante of perestroika, Mikhail Gorbachev's bold reforms of the Soviet blo...
-- Lock in long-term bond yields now and get ready for a capital-gains kicker later on. With, say, a 30-year Treasury paying a handsome 8.9%, you could wind up with an annualized return of nearly 1...
The gods have smiled on G.T. Europe Growth Fund. It was launched in 1985 with John Legat in charge when he was only 22. It soon got a lift when members of the European Community agreed to abolish t...
COMMUNISM HAS IMPLODED. In country after country, it is proclaiming its own failure, desperately searching for ''reform'' and new beginnings. Yesterday's heresies are today's official promises; yes...
Does the dollar's recent surge against the yen awaken bad memories? Put your fears to rest. It is nowhere near its 1985 peak and is likely to fall in the months ahead. The merchandise trade deficit...
History is unfolding so rapidly in Eastern Europe that it is tempting to just sit back and watch the show. But those who do risk missing what may be the biggest capital investment boom since the re...
There is a tendency in the Western world to talk about only one region at a time. Ten years ago, people talked about Latin America as a great opportunity. Now everyone talks about Eastern Europe. I...
We've seen in the 1980s what's going to come in the 1990s. There's going to be a lot more of the same: fragmentation. We're moving into a period of greater freedom, a time for the individual. Netwo...
The idea of bringing power back home where people can watch those who exercise it up close and can have something to say about how their lives are governed will enjoy a renaissance in the Nineties....
Intellectual capital -- the knowledge necessary to make a product, which produces wealth -- has always existed, but in the future, the ratio of intellectual capital to materiel is going to continue...
The growing appetites for products will come from the Third World, and its ambitions and demands will mimic in most ways everything that has gone before in Western society. Once television is there...
The prod for restructuring Europe by 1992 was not fear of America but fear of the Japanese. Europe, like the U.S., needs to reorganize itself, to work and compete on a much broader scale than on pu...
AS THE TANNED, athletic-looking man with the thick mop of white hair stepped off a plane in Prague, the cheers of 10,000 Czechs rang in his ears. Was this ) a beloved former politico coming home fr...
The sharp jump in interest rates in January and early February sent small investors scrambling into high-yield stock funds, municipal bond funds and money funds. For the month, the MONEY Small Inve...
COVER STORY: GET SUCCESS AND SECURITY 74 How to change your life and achieve financial security by Andrea Rock A growing number of Americans are discovering they can earn what they want by doing wh...
-- The red star and the Cyrillic writing on the back pockets and an accessory in the form of a free screwdriver mark a hot new seller: cotton jeans ($60 and up) from the Soviet Union. The screwdriv...
We should properly relish the failure of Communism and the corresponding triumph of capitalism, but we should try to be realistic about what we are celebrating. Our society has won because, through...
AMERICAN chief executives, like most of their compatriots, have elatedly watched the spirit of freedom steamroll through Eastern Europe, toppling hard- line Communist regimes as if they were made o...
-- The economic chaos engulfing Argentina underscores changes sweeping through South America that in some ways are as profound as those of Eastern Europe. On the plus side, South America is moving ...
''Bold and brilliant,'' trumpeted Chicago philosopher Allan Bloom when his former student Francis Fukuyama published ''The End of History?'' in the neoconservative journal The National Interest las...
Despite the astonishing events in Prague and East Berlin, most pros advise against making big bets now on Communism's collapse. Says Kurt Schiltknecht, chairman of Switzerland's Bank Leu: ''Let's w...
It's terrific that the 20th century is ending as it began, with democratic capitalism ascendant. Prospects for a less bloody, more prosperous world have rarely been brighter. But it's also worth re...
Are you up to the challenge? Beware. Leading the vanguard of global investors doesn't necessarily make for restful nights. When Swedish ball-bearing maker SKF plunged into Russia, its dream of prof...
Let the flags wave and the bells ring the New Year in! For the great crowds filling Wenceslas Square in Prague (left) are celebrating more than just the end of Communist rule. They herald the dawn ...
U.S. banks see opportunities in Eastern Europe -- but don't expect a replay of their disastrous lending spree in the Third World. Says George Salem, a senior banking analyst at Prudential-Bache: ''...
Now that the Cold War is over, the hot season for travel to Eastern Europe is about to begin. Hyatt, Marriott, Sheraton, and some other chains farsightedly opened hotels in different capitals. Besi...
WITH THE FALL of the Wall and the lifting of the Curtain, Western managers and investors must rethink their strategies for doing business in Europe in the 1990s. Suddenly the Old World has gained a...
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