This paper recounts and analyzes privatization in Ukraine from 1990 to 1995 in light of the lessons learned by East European countries and Russia. Part I of this paper recounts the experience of privatization in Ukraine from the beginning until late 1995. Part II of the paper presents an...

This paper attempts to consider in a systematic way the developments of the public debt in the Czech Republic, Hungary, Poland and Romania during the 1990.s. After a brief outline of the public indebtedness of the four countries before 1989, it examines the public debt dynamics after 1990 and...

Banking services, during Soviet times were primarily provided by a government dominated bureaucracy that processed documentation. Bank personnel were used to provide financial accounting records on credits obtained by entities for projects approved under five year plans. The banks' activities...

This paper discusses problems connected with the accession of Central European Countries (CECs) to the Common Agricultural Policy (CAP). A lot of attention is given to the analysis of the agricultural situation and prospects in the Czech Republic, Hungary and Poland. Also the evolution and the...

This paper focuses on adjustments in fiscal policy in five CEC’s whose accession seems to be politically most feasible, and who have expressed the strongest desire to join the Union. They include: Poland, the Czech Republic, Slovakia, Hungary, and Slovenia. Fiscal consolidation in these...

The overall financial framework of the EU for the years 2000.2006 provides for specific transfers in favour of the applicant countries during future eastern enlargement. The purpose of this study is to evaluate the budgetary implications for the applicants joining the Union. Generally, the...

The paper provides an analyses of the public finance reform in Central European Countries during the economic transition. The process of reforming public finance (covering both tax and expenditure reforms) is a long lasting one with specific features in individual countries. Nevertheless, some...

This paper discusses the role of institutional arrangements in anti-inflationary policy in transition economies of Central Europe and former USSR. The economic theory explains various motives for excessive monetary expansion. Policymakers can be tempted to increase employment above the natural...

Ukraine belongs to the group of countries which are known for the widespread phenomenon of subsistence and semi-subsistence farming. Individual farmers are not obliged to produce financial reports and their incomes belong to the category of unobservable incomes. When checking the eligibility for...

Based on statistics provided by the Ministry of Finance and Central Statistical Office, the paper provides an analyses of the economic transition experienced by Poland paying particular attention to the fiscal policy.