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 …