The economic transition in post-communist countries generated a new phenomenon: open unemployment. Since the beginning of the reforms, the official unemployment rates have been very high in the CEECs (Central and Eastern European Countries), compared to the NIS (New Independent States from the...

After the political collapse of the former communist area, the Central and Eastern European countries, as well as the Former Soviet Union Republics have all experienced a reduction in GDP. At present, some of them have achieved macroeconomic stabilisation and economic revival, while others fail...