Graph of the month Foreign trade of the automotive industry in the NMS-7 Sources of economic growth in CEE countries before and after the crisis domestic effects and the importance of spillovers from Germany (by Roman Römisch) German firms drive innovation in Europe and around the globe (by...

Albania the importance of being aside (by M. Holzner, pp. 1-3) Keywords economic forecasts, GDP growth, inflation Countries covered Albania Topics Macroeconomic Analysis, Forecasts and Policy Bosnia and Herzegovina suffering from unfavourable constellations (by J. Pöschl, pp. 4-7) Keywords...

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...

Graph of the month Regional gross value added in Turkey (p. 1) Opinion corner Turkey and the EU (by Serkan Çiçek, Vladimir Gligorov and Michael Landesmann; pp. 2-4) The Turkish economic conundrum (by Serkan Çiçek; pp. 5-8) Regional disparities in Turkey (by Roman Römisch; pp. 9-12) Turkey a...

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)...

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...