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...

The objective of this paper is to assess how the level of unionisation and the rigidity of the exchange rate affects wages and monetary policy in South-East Europe and the Commonwealth of Independent States, with a particular focus on the recent economic crisis. Towards that end, a New Keynesian...

The process of European Union (EU) integration proceeds from economic to political integration. The economic integration itself proceeds from trade to financial to complete market integration. The sustainability of the process depends on some causal relation existing between economic and...

Content The first part of the publication contains an analysis of the latest FDI trends. The analysis highlights the modest recovery of FDI in 2013. The second part of the publication contains two sets of tables Tables I total flow and stock data, FDI flow by components and FDI income, FDI per...

Content The first part of the publication contains an analysis of the latest FDI trends. The analysis highlights the modest recovery of FDI in 2012. The second part of the publication contains two sets of tables Tables I total flow and stock data, FDI flow by components and FDI income, FDI per...

Content New coverage Kazakhstan Turkey The first part of the publication contains an analysis of the latest FDI trends. The analysis highlights the temporary recovery of FDI in 2011. The second part of the publication contains two sets of tables Tables I total flow and stock data, FDI flow by...

Content The first part of the publication contains an analysis of the latest FDI trends. The analysis highlights the diverging patterns of FDI recovery in 2010. The second part of the publication contains two sets of tables Tables I total flow and stock data, FDI flow by form and FDI income, FDI...

Content The first part of the publication contains an analysis of the latest FDI trends complemented by detailed methodological explanations. The analysis highlights the impacts of the recession on FDI in 2009. The second part of the publication contains two sets of tables Tables I total flow...

Summary Despite near stagnation in the euro area and the negative impact of the Ukraine crisis, in most of the NMS economies and some of the Western Balkan countries growth prospects are viewed as positive. While the NMS economies will preserve their positive growth differential vis-à-vis the...

The outlook for the world economy has improved in the course of 2010 and the recovery has gained strength in the EU as well. The Central, East and Southeast European countries (CESEE) have also recovered from the crisis; the majority of them recorded positive GDP growth. On average, the recent...