The German Parliament elected the country’s new President, former East German pastor Joachim Gauck, on Sunday following the resignation in mid-February of his predecessor Christian Wulff. Wulff, a member of Chancellor Angela Merkel’s Christian Democratic Union, is the second president to step down in two years. He quit after several months of public scrutiny over… Continue »

Hungarian blue-chip Fotex, an asset and real estate management company, announced its withdrawal from Budapest Stock Exchange last week, following its introduction on the Luxembourg exchange in late February. The stock – which was the second to be traded on the Budapest exchange more than 20 years ago – will bid its final farewell on… Continue »