Fiscal stance is at the center of economic debate all over the post socialist countries. The most important issues that are more or less realized seem to be following. 1. To what extend will public sector budget deficits be monetized in the future i.e., do they eventually spell inflation?. 2....

The Kazakstani banking system, its youthfulness notwithstanding, is developing rapidly. The paper provides an overview of the development experienced by the banking system in Kazakstan focusing on several different sides of the issue, such as the role of the National Bank, its strategy for the...

The reform of the Czech public health system started in 1991. The main goals were the liquidation of the state's monopoly on health services, the creation of non-state health care that would include private facilities, and the introduction of multi-resource financing for health care that...

The Privatisation process of State enterprises, in countries once being members of the Council for Mutual Economic Aid, is perceived as the main element of structural changes, leading to the economic system transformation and economic development. Although, privatisation cannot be understood as...

This paper analyzes developments in general government expenditures and revenues for 26 reforming ex-socialist economies (RESEs) over the period 1989-1994. The data indicate that, rather than uniformly converging to a “Western European” norm, RESEs have followed a variety of patterns,...

During the first three years of independence (1991-1994) Georgia suffered serious economic decline. The difficulties associated with the transition from soviet-type planning to free enterprise and with the collapse of the CMEA trade system were aggravated by civil strife and especially by the...

On December 16, 1991 Poland signed an Association Agreement with the European Communities which came into force on February 1, 1994. The remaining countries of the Wyshegrad Group (Hungary, and the Czech and Slovak Republics) also signed such agreements with the European Union. It is...

This paper recounts and analyzes privatization in Ukraine from 1990 to 1995 in light of the lessons learned by East European countries and Russia. Part I of this paper recounts the experience of privatization in Ukraine from the beginning until late 1995. Part II of the paper presents an...

The subject of this paper is an issue of liquidation of private economic units , especially its legal, social - economic and statistical views. First chapter of the paper describes legal regulations of foundation and liquidation in Poland. Second chapter deals with analysis of liquidation...

The paper provides an analyses of the public finance reform in Central European Countries during the economic transition. The process of reforming public finance (covering both tax and expenditure reforms) is a long lasting one with specific features in individual countries. Nevertheless, some...