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...

A functioning Belarus-Russia-Kazakhstan Customs Union (BRK-CU) would comprise the bulk of the FSU economy and represent a significant step towards an attempted re-integration of the FSU – even more so if Ukraine were also to join. There are still important structural differences in...

(Report based on Background Study for European Competitiveness Report 2012, see http //ec.europa.eu/enterprise/policies/industrial-competitiveness/competitiveness-analysis/european-competitiveness-report/index_en.htm) Summary Countries belonging to the European neighbourhood are highly diverse....

Summary The protracted recession in the euro area will continue to be a drag on the economic growth of most CESEE countries in 2013. By and large, those countries are small open economies held hostage to the excessive fiscal austerity pursued in the euro area and the sluggish progress on the...

Introduction Reflecting the diversity of countries in its neighbourhood, the European Union (EU) has established different cooperation processes, institutional arrangements and forums for its discussions with these countries. Each form of cooperation is characterized by its own dynamics,...

Kazakhstan an economic assessment (by V. Astrov, pp. 1-4) Countries covered Kazakhstan Topics Macroeconomic Analysis and Forecasts The twin deficits myth and real problems (by K. Laski and R. Römisch, pp. 5-8) Countries covered non-specific Topics Macroeconomic Analysis and Forecasts Global...

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...

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...

Belarus sustainable growth without structural reforms? (by Vasily Astrov) Countries covered Belarus

Hungary suffers from a severe lack of credibility (by Sándor Richter; pp. 1-2) Keywords sovereign default, IMF Countries covered Hungary Topics Macroeconomic Analysis and Policy Russia's WTO accession impacts on Austria (by Vasily Astrov; pp. 3-11) Keywords WTO, trade, FDI Countries covered...