held ‘on a short leash’. Growth in public investment may be supporting economic growth, especially in those new EU Member … States (NMS) that have access to EU funds. However, a proper rebound in private-sector investment is still lacking. Weak … private-sector investment cannot be attributed to a ‘profit squeeze’ in the corporate sector. On the contrary, the corporate …

preserve their positive growth differential vis-à-vis the EU-28, Russia and Ukraine are facing a deterioration of their … from the EU have lent essential support to economic growth in the European Union’s new Member States (NMS). Investment and … years after the fall of the Iron Curtain, the current crisis in relations between Russia and the West is evolving into a …

consumption in most CESEE countries, with the exception of Russia, Ukraine, Kazakhstan and the Baltic states. In turn, investment … euro area crisis (such as Russia, Poland, Ukraine and Turkey), growth dynamics progressively decelerated in the second half … with liquidity. In these circumstances, the investment dynamics in the region has been shaped by public investment projects …

reversal of public and private investment. The question remains, however, whether investment-led growth in the CESEE countries …. Increasing evidence suggests the latter for a number of reasons. During the ongoing economic crisis, public investment was … remaining disbursement period of the biennium 2014-2015 substantially higher amounts of EU-funded investment are to be expected …

will remain in recession. Russia, Ukraine and the Baltic countries will experience a slowdown of growth. Over the next two … are managing to stay out of recession and on a relatively elevated growth path. Russia and Ukraine are seeing either a … and investments, the Balkan countries on recovery of industrial production and exports, Russia and Ukraine, and perhaps …

reversal of public and private investment. The question remains, however, whether investment-led growth in the CESEE countries …. Increasing evidence suggests the latter for a number of reasons. During the ongoing economic crisis, public investment was … remaining disbursement period of the biennium 2014-2015 substantially higher amounts of EU-funded investment are to be expected …

exports depend on energy and raw materials (Russia and Ukraine), net exports will contribute negatively to overall GDP growth … Russia, Kazakhstan and (to a lesser degree) Ukraine, an unpredictable slump in the world-market prices of, and demand for … household consumption and fixed investment in the business sector in 2011 and afterwards. Moreover, attempts at serious fiscal …

movements in the commodity prices. For Russia, Kazakhstan and Ukraine declining world market prices of energy carriers, steel … 2011 (Turkey, the three Baltic countries and Kazakhstan), growth will also slow down. Poland, Slovakia, Ukraine and Russia … investment steady on the ‘fringes’, sagging in the ‘core’ Investment growth in 2012 is expected to remain quite sluggish …

, Russia, Ukraine and Kazakhstan will grow by rates of up to 5%. The need to correct imbalances It is quite apparent that the … will grow only slowly, if at all, and public consumption is set to decline further. Private investment will have a hard … into greater doubts about debt sustainability. The resulting higher interest rates impose a constraint on investment and …