Please help us to improve the Statistical Annex by filling in the survey. Graph of the month Ukraine and Russia shares in exports and imports of selected countries, 2013, in % (p. 1) Opinion corner How realistic is the construction of the South Stream pipeline in the present circumstances? (by...

The paper analyses some policy issues under a currency board arrangement (CBA), focusing on the conduct of fiscal policy which is the only policy instrument at the disposal of the authorities as the CBA precludes an independent monetary policy. It is argued that the loss in degrees of freedom...

Political turmoil and early elections in Bulgaria (by Rumen Dobrinsky; pp. 1-4) Keywords Bulgaria, elections Countries covered Bulgaria Topics Other A revival of industrial policy as a growth model for Russia? (by Peter Havlik; pp. 5-6) Keywords industrial policy, growth model Countries covered...

Am Beispiel Bulgariens werden die Auswirkungen eines Währungswettbewerbes auf die politische und wirtschaftliche Lage eines osteuropäischen Landes deutlich gemacht. Trotz einer mit Hilfe eines Currency-Boards betriebenen restriktiven Geldpolitik, bleibt die Wirtschaftslage Bulgariens infolge...