The Black Sea region comprises a heterogeneous group of countries Bulgaria, Romania, Ukraine, Russia, Georgia, Armenia, Azerbaijan, and Turkey. Their economies differ in their size, institutional characteristics and integration perspectives, are facing vastly different problems, and find...

For about a decade, GDP growth in Central European countries has been consistently faster than in the 'old' EU-15. As a first approximation, one can expect a growth differential of about 2 percentage points to prevail also in the future. This practical rule-of-thumb is broadly consistent with...

English SummarySluggish International Business Climate A Test for the Central and Eastern European Countries' Endurance The Central and Eastern European Countries (CEECs) were able to maintain in 2001 and 2002 a growth rate significantly above that of the EU 15. The more developed group of CEECs...