Sweden VPS for 14 Euro per year
Just saw this posting by @LES:
Their lowest config is:
256MB RAM 1 Core 5GB SSD Disk Unlimited Transfer
20 per year by annual payment + 30% discount = 14 Euros per year.
Pretty good deal considering the location of the server. No idea how they are though, never used them and honestly I don't get too much comfort since they only have a single page website plus a TOS that is literally 10 lines.