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...

Ukraine was confronted with an unprecedented economic and financial crisis during 2008-2009. That crisis has until recently been compounded by a highly unstable political situation. The European Union, Ukraine's neighbours and the international community have been concerned about possible...

Iraq crisis, oil price and economies in transition (by Vasily Astrov) Countries covered Iraq Iraq and the Balkans (by Vladimir Gligorov) Countries covered Iraq, Balkan States Structural change and productivity growth in Central and Eastern Europe (by Peter Havlik) Countries covered CEE Poland's...

Graph of the month Europe Brent Spot Price, fob per barrel, in current USD and euro and real year 2005 euro (p. 1) Opinion corner Russia-Ukraine conflict do Western sanctions have any effect? (by Vasily Astrov, Vladimir Gligorov, Peter Havlik, Michael Landesmann and Olga Pindyuk; pp. 2-6)...

Since the start of transition, the currencies of most East European countries have experienced an abrupt real depreciation, followed by a trend real appreciation over the subsequent years. Within the framework of a panel-data study for eight Central European transition countries - Hungary, the...

Russian Federation signs of fragile recovery (by P. Havlik; pp. 1-3) Keywords economic forecasts, GDP growth, inflation Countries covered Austria, Russia Topics Macroeconomic Analysis, Forecasts and Policy Ukraine ongoing credit crunch (by V. Astrov; pp. 4-6) Keywords economic forecasts, GDP...

The Russian-Ukrainian gas deal a question mark (by Vasily Astrov, pp. 2-3) Countries covered Russia, Ukraine Topics International Trade and Competitiveness, Industry Alternative indicators of economic growth and real convergence in the transition countries (by Ruzena Vintrová, pp. 4-10)...

Russian Federation growing economy, deteriorating politics (by Peter Havlik, pp. 1-4) Countries covered Russian Federation Topics Macroeconomic Analysis, Forecasts and Policy Ukraine the time of big business returns (by Vasily Astrov, pp. 5-7) Countries covered Ukraine Topics Macroeconomic...

Ukraine, the European Union and EU Eastern enlargement (by Vasily Astrov) Countries covered Ukraine, European Union Household tax compliance in Central, East and Southeast Europe (by Edward Christie and Mario Holzner) Countries covered SEE, CEE Optimal currency areas in transition (by Vladimir...

Supply-demand imbalanced drive food prices (by Zdenek Lukas; pp. 1-6) Keywords agricultural production, food supply and demand, food prices, inflation Countries covered EU, New EU Member States Topics Sectoral studies; Macroeconomic Analysis and Policy The gas and electricity sectors of the...