Former Ukrainian economy and foreign minister, Arseniy Yatsenyuk, was nominated for the post of prime minister in the new government, which will be formed after more than three months of protests finally led to the abolition of the current Ukrainian government. ...

The President of Ukraine Viktor Yanukovych agreed to cut his powers within the next 48 hours, according to a draft agreement on the crisis regulation to be signed today, the Ukrainian daily Fakty.ua wrote, Feb. 21. ...

The foreign ministers of Poland, Germany and France, are in the midst of negotiations with Ukrainian president, Viktor Yanukovych, and opposition leaders, in a bid to end the bloodshed that has gripped Maidan Square in Kiev over the last days ...

Ukraine is on the verge of a civil war, according to a media statement made by Lithuanian President Dalia Grybauskaite, Feb. 19. ...

Vyacheslav Veremiy, a journalist from the Ukrainian newspaper Vesti, was shot by masked assailants while in a taxi on the way home from work, Vesti wrote on Feb. 19. ...

Russian opposition leader, and founder of the Anti-Corruption Foundation, Alexei Navalny, reportedly traced an undeclared property worth RUB 86 mln to the deputy-speaker of the right-wing minority Liberal Democratic Party of Russia (LDPR), Igor Lebedev, the Russian business daily Kommersant reported on Feb. 18. ...

Russian Prime Minister Dmitry Medvedev signed a decree banning adoption of Russian children by citizens, whose countries legalized gay marriages, the Russian daily Kommersant wrote Feb. 13. ...

Former-Bulgarian prime minister, and founder of the right-wing GERB party, Boyko Borisov, has made controversial choices to take the positions of party chair deputies, after being re-elected as GERB chair in a landslide election, which took place, Feb 16. ...

Polish investment fund Polish Investments for Development (PIR) will co-finance the construction of a PLN 600 mln power plant project, to be located in northern Poland, with the Municipal Enterprise of Heat Supply (MPEC), as was discussed on a Polish Private Equity and Venture Capital Association meeting Feb. 13. ...

Serbia’s Central Bank chief, Jorgovanka Tabakovic, announced that the country’s banking system is stable, in a bid to dampen fears over a possible recession, the local media reported, on Feb.11. ...