In 1997, the five more advanced CEECs – the Czech Republic, Hungary, Poland, Slovakia, Slovenia – performed, on average, as well as in 1996. Hungary overcame the effects of its 1995 stabilization policy, recording quite high export-driven growth. The Czech Republic, until recently a paragon...

The Central and East European economies closed the year well behind 1995, with an average GDP growth of 3.5 percent. High investment helped to maintain high GDP growth in Poland and Slovakia. The banking crisis in Bulgaria resulted in strong GDP decline and very high inflation. Russia and...

The Vienna Institute for Comparative Economic Studies (WIIW) presents a survey of economic developments in Eastern Europe in 1993, with a forecast for 1994. Economic disparity among the regions east-central Europe, south-eastern Europe and the CIS became more pronounced in 1993. There are...