Summary This paper analyses the speed and patterns of economic convergence in the new EU Member States of Central and Eastern Europe during transition and the first years of EU membership. After a brief discussion of measurement and data issues, the paper provides stylised facts on growth and...

Summary This paper analyses the extent and impact of structural changes on aggregate economic growth that occurred in European economies during the past two decades, focusing on the new EU Member States of Central and Eastern Europe. After presenting some stylised facts related to employment and...

No take-off in Central, East and Southeast Europe so far (by Vasily Astrov) Albania the remedy is worse than the disease? (by Mario Holzner) Bosnia and Herzegovina still making up its mind (by Vladimir Gligorov) Kazakhstan low oil prices create devaluation pressure (by Olga Pindyuk) Kosovo...

Current situation of the global economy challenges and potential consequences for Central, East and Southeast Europe (by P. Havlik and J. Pöschl, pp. 2-5) Keywords global economy, financial instability Countries covered Wider Europe, OECD, CIS Topics Macroeconomic Analysis, Forecasts and Policy...

Trade and economic integration in the CIS an evaluation (by Vasily Astrov, Peter Havlik and Olga Pindyuk; pp. 1-3) Keywords trade, economic integration Countries covered CIS Topics International Trade, Competitiveness and FDI Volume and variety of intra-bloc trade in an expanded European Union...

Albania candidate? not yet (by Mario Holzner; pp. 1-3) Keywords economic forecasts, GDP growth, inflation Countries covered Albania Topics Macroeconomic Analysis and Policy Bosnia and Herzegovina slow motion mode perpetuating (by Josef Pöschl; pp. 4-6) Keywords economic forecasts, GDP growth,...

European Union and Russia difficult neighbourhoods (by Peter Havlik) Countries covered Russia, European Union European Partnership and the Balkans (by Vladimir Gligorov) Euro introduction in the new member states which country in which year? (by Sándor Richter) Selected monthly data on the...

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...

Summary Continued weak external demand and uncertain recovery of investments will allow for only modest growth prospects for the countries of Central, East and Southeast Europe (CESEE) this year. Slovenia, Croatia and the Czech Republic will remain in recession. Russia, Ukraine and the Baltic...

Graph of the month Dependence of selected European countries on gas imports from Russia, 2012, in % (p. 1) Some lesser known facts about Ukraine’s foreign trade (by Peter Havlik; pp. 2-5) Opinion corner Russia and Ukraine – three questions, nine answers (by Vasily Astrov, Vladimir Gligorov...