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If NAT works for you, then Gullo's Hosting has some good deals in Germany and Bulgaria:
https://lowendtalk.com/discussion/139451/gullo-s-hosting-2-year-vps-hosting-pennsylvania-germany-canada-bulgaria-storage-deals/p1
I have a few instances with them and everything is great so far.
– 1GB RAM
– 1x CPU Core
– 15GB HDD Space
– 2.5TB Bandwidth
– 100Mbps Network Port
– 1x IPv4
– Virtualizor/OpenVZ
– $9/year
https://portal.nfphosting.com/cart.php?a=add&pid=53
I've got no experience with them. You decide if you want to go for it or not.
Edit: It's not Europe, however price wise it looks like a really good deal. I'll leave it here if anyone finds interest in it. It's the lastest offer listed on LEB byt the way. I guess you can find some reviews or clients in the comment section.
According to experience, you'd better raise budget slightly.
@mikho has a few 256 MB locations available in Europe. They cost $7 per year.
His latest offer thread is here, but do note that the bundles are no longer available: https://www.lowendtalk.com/discussion/138517/mrvm-net-limited-bundle-deal-6-locations
Raise your budget slightly and go with @AlexBarakov
https://alphavps.bg/clients/cart.php?a=add&pid=84
@mupul
For 256MB ram is hard with dedicated ip, close one will be Virmach in Amsterdam (low stock) with 192MB ram for 10$/y, or GestionDBI with 128MB ram in London or Amsterdam for 13$CAD/y which comes to 9.92$/y
Or you can ask @AnthonySmith if he have space on his 8euro/y plan, which is sold out right now.
There are also more deals recently posted and still active on lowendbox.com.
The annual price is slightly higher 11.45 € (VS-1) package, the full list of VPS packages