preserve their positive growth differential vis-à-vis the EU-28, Russia and Ukraine are facing a deterioration of their … years after the fall of the Iron Curtain, the current crisis in relations between Russia and the West is evolving into a … year. In Russia, the costs of the conflict are estimated to be to the tune of about 1% of GDP, primarily on account of …

2015. The decline in world market prices for energy carriers will negatively affect both Kazakhstan and Russia, with real … heavily on exports to Russia and Ukraine. However, assuming a peaceful resolution to the Ukrainian conflict in 2015, it is …

euro area crisis (such as Russia, Poland, Ukraine and Turkey), growth dynamics progressively decelerated in the second half … consumption in most CESEE countries, with the exception of Russia, Ukraine, Kazakhstan and the Baltic states. In turn, investment … the CESEE region the Baltic states, Russia, Kazakhstan and Turkey, which are less dependent on the troubled euro area and …

unemployment rates over the medium term. However, substantial downward risks include possible effects from the current Russia …

will remain in recession. Russia, Ukraine and the Baltic countries will experience a slowdown of growth. Over the next two … are managing to stay out of recession and on a relatively elevated growth path. Russia and Ukraine are seeing either a … and investments, the Balkan countries on recovery of industrial production and exports, Russia and Ukraine, and perhaps …

unemployment rates over the medium term. However, substantial downward risks include possible effects from the current Russia …

the ARDL bounds testing indicate the presence of cointegration among the variables. The estimated long-run impact of gas …

, using time series data. ADF unit root test is employed to check for stationarity. ARDL and DOLS approaches to cointegration …