The outlook for the world economy has improved in the course of 2010 and the recovery has gained strength in the EU as well. The Central, East and Southeast European countries (CESEE) have also recovered from the crisis; the majority of them recorded positive GDP growth. On average, the recent...

External determinants Two key factors currently affect the economic prospects of CESEE the crisis in the euro area and movements in the commodity prices. For Russia, Kazakhstan and Ukraine declining world market prices of energy carriers, steel and other basic commodities are vital. For most of...

Bulgaria from campaign rhetoric to post-election realpolitik (by A. Mihailov; pp. 1-3) Keywords economic forecasts, GDP growth, inflation Countries covered Austria, Bulgaria Topics Macroeconomic Analysis, Forecasts and Policy Czech Republic bottoming out likely (by L. Podkaminer; pp. 4-7)...

Bulgaria muddling through (by A. Mihailov; pp. 1-3) Keywords economic forecasts, GDP growth, inflation Countries covered Bulgaria Topics Macroeconomic Analysis and Policy Czech Republic changing structure of growth (by L. Podkaminer; pp. 4-7) Keywords economic forecasts, GDP growth, inflation...

Bulgaria recovery is losing steam (by Anton Mihailov; pp. 1-3) Keywords economic forecasts, GDP growth, inflation Countries covered Bulgaria Topics Macroeconomic Analysis and Policy Czech Republic untimely austerity, uncertain exports (by Leon Podkaminer; pp. 4-6) Keywords economic forecasts,...

Bulgaria can the boom hold on, and for how long? (by A. Mihailov, pp. 1-3) Keywords economic forecasts, GDP growth, inflation Countries covered Bulgaria Topics Macroeconomic Analysis, Forecasts and Policy The Czech Republic weak domestic demand, resilient exports, sound banking (by L....

Getting back to business in emerging Europe (by S. Schadler; pp. 1-6) Keywords real convergence, crisis, fiscal policy Countries covered New EU Member States Topics Macroeconomic Analysis and Policy The crisis of the euro area and the need for a structural reform (by K. Busch; pp. 7-11) Keywords...

Bulgaria negative economic sentiment prevails (by Rumen Dobrinsky) Croatia no upturn yet (by Hermine Vidovic) Czech Republic heading for a change (by Leon Podkaminer) Estonia consumers keep growth alive (by Sebastian Leitner) Hungary the well-known pre-election tunes are played again (by Sándor...

The present economic crisis bears all the familiar hallmarks of the financial, debt-related and structural aspects of current account crises. All these aspects have lasting level effects and recovery can be very protracted. Export-led growth was an important feature of the recovery period...

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...