The process of European Union (EU) integration proceeds from economic to political integration. The economic integration itself proceeds from trade to financial to complete market integration. The sustainability of the process depends on some causal relation existing between economic and...

The report analyses recent economic developments and short- and medium-term prospects of the countries of Central and Eastern Europe, Southeast Europe including Turkey, as well as Kazakhstan, Russia, Ukraine and China. Separate chapters present an overview of developments in the European Union's...