Graph of the month Share of foreign value added in the exports of selected countries Opinion corner What might be the economic consequences of a potential territorial break-up of Ukraine? (by Vasily Astrov) Trade integration, vertical specialisation and employment growth in the new Member States...

Russia in the global financial storm (by P. Havlik, pp. 1-4) Keywords economic forecasts, GDP growth, inflation Countries covered Russia Topics Macroeconomic Analysis, Forecasts and Policy Ukraine 'hard landing' in sight (by V. Astrov, pp. 5-7) Keywords economic forecasts, GDP growth, inflation...

Graph of the month Europe Brent Spot Price, fob per barrel, in current USD and euro and real year 2005 euro (p. 1) Opinion corner Russia-Ukraine conflict do Western sanctions have any effect? (by Vasily Astrov, Vladimir Gligorov, Peter Havlik, Michael Landesmann and Olga Pindyuk; pp. 2-6)...

GERMAN: Die MOEL verzeichneten 2007 erneut ein kräftiges Wirtschaftswachstum. In den neuen EU-Ländern in Mitteleuropa, deren Expansion primär durch die Re-Industrialisierung geprägt ist, war ein Anstieg der Beschäftigung zu beobachten. In den anderen MOEL wurde die Entwicklung jedoch vor...

The Black Sea region comprises a heterogeneous group of countries Bulgaria, Romania, Ukraine, Russia, Georgia, Armenia, Azerbaijan, and Turkey. Their economies differ in their size, institutional characteristics and integration perspectives, are facing vastly different problems, and find...

In Ukraine, booming private consumption and a bumper harvest contributed to an impressive 5% GDP growth in 2011. The budget situation improved markedly, and currency depreciation pressures were successfully counteracted. However, the recent monetary policy tightening coupled with weak external...

Ukraine's recent political developments have been rather turbulent and their effects on the economy controversial. The economy was rapidly growing between 2000 and 2004, albeit starting from a very low base. Among the growth factors were the devaluation of the hryvnia in 1999, the rising demand...

The last decade of the past century has been dominated by growing decentralization in Russia, both in economic and political terms. The major factors driving decentralization were the weakness of the federal government and of President Yeltsin, as well as the poor performance of the federal...

Russian oil and gas are playing a vital role in the world markets, but they also represent an important and (still) the most successful part of the national economy. However, whether the oil and gas sector will become an engine for the country's development in the medium and long run depends to...

The EU, on the one hand, and Russia and Ukraine, on the other, are very unequal partners in nearly all respects - a fact manifesting itself also in their economic relations. The EU is a relatively important trading partner for Russia and (although less so) for Ukraine. However, apart from being...