This note examines the extent and patterns of structural changes that have occurred in European economies during the recent crisis using some stylised facts on changing output and employment struc-tures at detailed sectoral level. Focusing mainly on the new EU member states, we compare the...

Updated wiiw forecasts for 2004 and 2005 (by Peter Havlik and Leon Podkaminer) Bulgaria economy keeps growing fuelled by credit expansion (by Anton Mihailov) Countries covered Bulgaria Romania booming, but cumbersome years ahead until EU accession (by Gábor Hunya) Countries covered Romania...

Russia in the global financial storm (by P. Havlik, pp. 1-4) Keywords economic forecasts, GDP growth, inflation Countries covered Russia Topics Macroeconomic Analysis, Forecasts and Policy Ukraine 'hard landing' in sight (by V. Astrov, pp. 5-7) Keywords economic forecasts, GDP growth, inflation...

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...

Terms of trade effects and Russian economic growth (by P. Havlik, pp. 1-4) Keywords Russia, economic growth, terms of trade Countries covered Russia Topics Macroeconomic Analysis, Forecasts and Policy; International Trade and Competitiveness; Energy Poland the national stock exchange game...

Iraq crisis, oil price and economies in transition (by Vasily Astrov) Countries covered Iraq Iraq and the Balkans (by Vladimir Gligorov) Countries covered Iraq, Balkan States Structural change and productivity growth in Central and Eastern Europe (by Peter Havlik) Countries covered CEE Poland's...

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)...

This paper investigates the process of trade integration between the enlarged European Union and the Newly Independent States (NIS), focusing on the new EU member states (NMS) and selected NIS (Russia, Ukraine, Belarus, Moldova and Kazakhstan). The paper analyses the evolution of the regional...

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...

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...