Please help us to improve the Statistical Annex by filling in the survey. Graph of the month Ukraine and Russia shares in exports and imports of selected countries, 2013, in % (p. 1) Opinion corner How realistic is the construction of the South Stream pipeline in the present circumstances? (by...

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...

New Hungarian government prescribes bitter medicine (by S. Richter; pp. 1-2) Keywords Hungary, crisis, fiscal adjustment Countries covered Hungary Topics Macroeconomic Analysis, Forecasts and Policy The steel industry in Central and Eastern Europe restructuring and prospects (by J. Poznanska; pp....

Serbia after Djindjic (by Vladimir Gligorov) Countries covered Serbia EU enlargement assessing the impact of transfers (by Sándor Richter) EU membership and income level convergence the experience of the Cohesion Countries (by Kazimierz Laski and Roman Römisch) Selected monthly data on the...

The report analyses recent economic developments and short- and medium-term development prospects, covering the countries of Central and Eastern Europe and Southeast Europe including Turkey, together with Russia, Ukraine, Kazakhstan and China. Separate chapters present an overview of...

The Hungarian economy will slide into recession this year due to the austerity measures required to reduce the fiscal deficit to below 3% of the GDP. Further, but smaller consolidation measures will be necessary in 2013 as well. An agreement with the IMF and the EU may help partially restore...

Under favourable external conditions, the economies of the New EU Member States (NMS) fared even better in the first quarter of 2006 than in 2005. Investment accelerated sharply and industry is proving buoyant. Labour productivity has registered strong gains, unit labour costs declined. This is...

After the Visegrad countries’ accession to the EU in 2004, one of the most remarkable developments was the sudden upturn in their mutual trade. In 2007 the value of aggregate intra-Visegrad trade was two and a half times higher than in 2003. The rate of growth in these countries’ trade with...

In its new special issue on the economies of Central, East and Southeast Europe, The Vienna Institute for International Economic Studies (wiiw) analyses the current economic situation in the region as well as development prospects for 2005 and 2006, presenting revised forecasts based on results...