Interim Romanian government sworn in any room for manoeuvring? (by Gábor Hunya; pp. 1-4) Keywords Elections, Fiscal policy Countries covered Romania Topics Macroeconomic Analysis and Policy Croatia's EU membership lessons from earlier accessions (by Hermine Vidovic; pp. 5 7) Keywords Integration,...

On a global level, the EU emerges as the most important foreign direct investor, also if considering extra-EU investments only. This reflects the capability and propensity of EU firms to internationalize their business activities. A joint analysis of two methodologically very distinct databases...

On a global level, the EU emerges as the most important foreign direct investor, also if considering extra-EU investments only. This reflects the capability and propensity of EU firms to internationalize their business activities. A joint analysis of two methodologically very distinct databases...

Cohesion policy - does it have a future? (by S. Richter; pp. 1-2) Keywords cohesion, transfers, EU Countries covered European Union, New EU Member States Topics Macroeconomic Analysis and Policy; Regional Development; Other The great crisis and the American response (by J. K. Galbraith; pp....

Graph of the month Europe Brent Spot Price, fob per barrel, in current USD and euro and real year 2005 euro (p. 1) Opinion corner Russia-Ukraine conflict do Western sanctions have any effect? (by Vasily Astrov, Vladimir Gligorov, Peter Havlik, Michael Landesmann and Olga Pindyuk; pp. 2-6)...

Euro or not? Early lessons from the crisis (by Ch. Wyplosz, pp. 1-4) Keywords euro, EU, crisis Countries covered European Union Topics Macroeconomic Analysis, Forecasts and Policy Migration from the New to the Old EU Member States country experiences (by H. Vidovic; pp. 5-14) Keywords migration,...

Converging/diverging European regions (by R. Römisch, pp. 1-4) Keywords Regions, EU, Convergence Countries covered European Union, New EU Member States Topics Regional Development The new EU members' potential for trade in services (by J. Wörz, pp. 8-12) Keywords Trade, Services Countries...

Graph of the month Dependence of selected European countries on gas imports from Russia, 2012, in % (p. 1) Some lesser known facts about Ukraine’s foreign trade (by Peter Havlik; pp. 2-5) Opinion corner Russia and Ukraine – three questions, nine answers (by Vasily Astrov, Vladimir Gligorov...

The cross-country relationship between the relative price level and the relative GDP level is found to be significant and stable for EU member states over the period 1997-2006. The joint dynamics of price and GDP levels tend to gravitate towards the regression line but there is no shorter-term...

The periodically returning debates and the disappointing bargaining on the financial perspectives for 2007-2013 have led to the proposal of a comprehensive review of the EU budget in 2008/2009. This provides an opportunity for initiating fundamental reforms of the revenue side of the EU budget....