Graph of the month Share of foreign value added in the exports of selected countries Opinion corner What might be the economic consequences of a potential territorial break-up of Ukraine? (by Vasily Astrov) Trade integration, vertical specialisation and employment growth in the new Member States...

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)...

Croatia’s EU membership and the dilemma of state aid (by Roman Stöllinger; pp. 1-7) Keywords state aid, industrial policy, shipyards Countries covered Croatia Topics Macroeconomic Analysis and Policy Panel data analysis of the CEECs tracing growth determinants over time (by Doris Hanzl-Weiss;...

Twenty years of transition (by S. Richter; pp. 1-8) Keywords transition Countries covered New EU Member States Topics Macroeconomic Analysis, Forecasts and Policy Vertical integration of trade with China (by R. Stöllinger; pp. 9-13) Keywords trade, integration Countries covered China, EU-27...

Higher global grain output but still fairly high food prices (by Zdenek Lukas; pp. 1-4) Keywords agricultural production, demand for food, food prices, biofuels Countries covered Wider Europe Topics Sectoral studies The speed of catch-up depends on human capital (by Roman Stöllinger; pp. 5-9)...

The elasticity of the new EU Member States’ imports implications for external rebalancing in Europe (by Leon Podkaminer) State aid and export competitiveness in the EU – first results (by Roman Stöllinger and Mario Holzner) European financial policy, as if banking mattered (Further notes on...

Graph of the month Oil price and exchange rate of the Russian rouble, 2008-2014 (p. 1) Opinion corner Is Jean-Claude Juncker's EUR 315 billion European investment plan the proper answer to the EU's anaemic economic performance? (by Sándor Richter, Roman Römisch and Roman Stöllinger; pp. 2-4)...