Unit labour cost developments in the EU a structural analysis (by Michael Landesmann and Doris Hanzl-Weiss; pp. 1-9) Keywords unit labour costs rebalancing, competitiveness Countries covered European Union Topics International Trade, Competitiveness and FDI The various ‘faces’ of the EU...

The Republic of Moldova short-lived recovery (by G. Hunya, pp. 1-9) Keywords Moldova, economic policy, economic transition Countries covered Moldova Topics Macroeconomic Analysis, Forecasts and Policy Patterns of international trade diversification in the transition economies (by M. Landesmann,...

China's oil policy facing the challenge of rising oil demand (by W. Urban; pp. 1-6) Keywords oil demand, economic policy, China Countries covered China Topics Energy Efficiency improvements in Russian gas-fired heat and power generation (by E. Christie; pp. 7-11) Keywords natural gas, electricity...

Unstable Balkans (by Vladimir Gligorov; pp. 1-4) Keywords political tensions, unemployment, austerity Countries covered SEE Topics Macroeconomic Analysis and Policy Not a very Greek tragedy (by Jan Toporowski; pp. 5-7) Keywords public debt, financial market, monetary policy, currency union...

Hungary taking stock (by J. Kornai; pp. 1-12) Keywords economic policy, reform Countries covered Hungary Topics Macroeconomic Analysis and Policy Developments in trade and FDI in services in the Visegrad countries (by O. Pindyuk; pp. 13-20) Keywords trade, services, FDI Countries covered...

Global climate change poses significant risks to the California economy. Recognizing and responding to these threats, Governor Schwarzenegger signed Executive Order #S-3-05 (Schwarzenegger 2005) which called for a 30 percent reduction below business-as-usual of greenhouse gas emissions by 2020...

Once the model economy of transition, Hungary has been struggling with much higher public and private debt and a significantly worse growth performance than its peers in the region. A deteriorating exchange rate, increasing yields on government securities and soaring CDS spreads have recently...

Having reached a peak in 2002, Croatia's GDP growth lost momentum thereafter due to restrictive economic policy measures prompted by rising external and internal imbalances. The current account deficits, averaging 6-7% of the country's GDP over the past few years, were primarily the consequence...

One of the aims of the internationally funded Investment Compact of the Balkan Stability Pact is to reduce investment risk in the region and lay the foundations for the inflow of private capital. This paper discusses the situation of foreign direct investment (FDI) in South-East European...