The financial crisis started in the United States spread over to Europe and, for the first time after 1945, it developed to an overall macroeconomic crisis in the entire developed world. Social and ideological consequences of the deep recession are expected to follow. The article focuses on the...

The paper deals with the foreign trade performance of the new member countries in their first five years of membership (and, with two years for Bulgaria and Romania). The first part of the statistical survey focuses on trade developments supporting and/or defying some key issues of trade theory....

The accession of ten new countries to the European Union in May 2004 did not produce any major problem in the everyday functioning of the integration. At the same time, in the new members, no wonder happened either. Most of the negative expectations linked to accession proved unjustified or...

Although the European Union (EU) was not the main source of the global financial and economic crisis, as one of the leading economic players, it was fundamentally affected by the immediate and longer-term consequences of the crisis. Similarly, it is expected that it would play an important role...