outstanding feature of last year's economic developments was a boost in foreign trade (or of intra-EU dispatches and arrivals in … their aggregate trade balance slightly deteriorated (in fact foreign trade contributed positively to GDP growth in Poland … and 72% of imports represent intra-EU trade. Given the high (and rising) export surpluses of Russia and Ukraine - in both …

in unit labour costs. Despite this (and despite growth being weaker than expected in the euro zone), NMS foreign trade … continues to perform excellently. Foreign trade has been even more instrumental in generating GDP growth in the first quarter of … 2005 than in the past. It should be pointed out, however, that NMS trade with the 'old' EU has grown at a relatively slower …

growth in Ukraine has been spectacular, reflecting weak investment demand and the deterioration of foreign trade. By and …

large economic asymmetries between Russia and the EU (most evident in foreign trade, investments and economic size) and …

trade, the second being the ongoing upgrading of exports and production. Foreign trade contributed positively to overall … will not interfere substantially with real growth. Trade expansion is likely to be supported by the continuing gains in … was mainly driven by a surge of investment and supported by a record foreign trade surplus. Private consumption developed …

has been driven predominantly by domestic demand. External trade, which significantly boosted GDP growth in a number of … contribution of trade to GDP growth. This contribution is likely to be negative in the 'old' NMS, but small. In Bulgaria and … Romania, the contributions of external trade to growth will be negative and large. Unlike the 'old' NMS, these two countries …

import growth lagged behind export growth, yielding better trade balances. The stronger economic growth reduced unemployment … rebound of investment and by a ballooning trade surplus, but supported by a certain acceleration of consumer demand as well …