The external conditions facing the transition economies slightly improved on balance during the year 2004. The eight new EU member states of Central and Eastern Europe (NMS-8) recorded higher GDP growth (5% on average) than in the previous year, largely thanks to expanding domestic demand - in...

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...

In 2005 most of the new EU member states (NMS) performed even better than in 2004. They have successfully managed the accession to the EU and gained the ability to grow fast despite the anaemic performance of the old EU. FDI inflows reached a record high. In the coming two years, economic...

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...

Fast economic growth - in excess of 5% per year - continues in most New EU Member States (NMS). Growth in Bulgaria and Romania (which joined the EU on 1 January 2007) was also accelerating throughout 2006. Everywhere, except Hungary, GDP growth has been driven predominantly by domestic demand....

The 1st of May 2007 marked the third anniversary of the accession of the new member states (NMS) to the European Union the economic balance of the first three years is a clear success for the whole EU. Over the period 2001-2003 GDP in the NMS had increased by 3.1% per year on average; over the...

The Black Sea region comprises a heterogeneous group of countries Bulgaria, Romania, Ukraine, Russia, Georgia, Armenia, Azerbaijan, and Turkey. Their economies differ in their size, institutional characteristics and integration perspectives, are facing vastly different problems, and find...

Das Wachstum beschleunigte sich in den neuen EU-Ländern, sodaß sich das BIP pro Kopf an das Niveau der EU 15 etwas annäherte. In allen Ländern (mit Ausnahme Lettlands und Litauens) hat das Bruttoinlandsprodukt sein Niveau vor Beginn der Transformation mittlerweile überschritten. Die...

Die merkliche Wachstumsbeschleunigung, die 2004 in fast allen MOEL zu beobachten war, ging auf unterschiedliche Faktoren zurück. Die meisten Länder verzeichneten ein robustes Wachstum der Binnennachfrage. Die neuen EU-Länder profitierten auch von der relativ guten Konjunktur in der EU 15, die...

Trotz der Konjunkturflaute in den Ländern der EU-15 und der Aufwertungen in einigen Ländern verzeichneten die mittel- und osteuropäischen Länder (MOEL) 2005 wieder ein robustes Wachstum. In den neuen EU-Ländern wurde es primär durch die Exportexpansion, in den anderen MOEL vor allem durch...