After a long period of convergence, Central, East and Southeast Europe experienced a deep recessi... more After a long period of convergence, Central, East and Southeast Europe experienced a deep recession in 2009. The relatively moderate GDP decline (-3.6%) on average for the new EU member states (NMS) reflects Poland's weight in the group, the only EU country to have recorded positive GDP growth last year (Albania and Kazakhstan registered positive growth rates as well -
The present economic crisis bears all the familiar hallmarks of the financial, debt-related and s... more The present economic crisis bears all the familiar hallmarks of the financial, debt-related and structural aspects of current account crises. All these aspects have lasting level effects and recovery can be very protracted. Export-led growth was an important feature of the recovery period 2010-2011, yet significant inter-country differences persisted. A few countries with severe pre-crisis imbalances (Romania, Bulgaria and the
... for International Economic Studies, wiiw) Sándor Richter () (The Vienna Institute for Interna... more ... for International Economic Studies, wiiw) Sándor Richter () (The Vienna Institute for International Economic Studies, wiiw) Olga Pindyuk () (The ... the countries of Central and Eastern Europe, Southeast Europe including Turkey, as well as Kazakhstan, Russia, Ukraine and China. ...
In 2005 most of the new EU member states (NMS) performed even better than in 2004. They have succ... more In 2005 most of the new EU member states (NMS) performed even better than in 2004. They have successfully managed the accession to the EU and gained the ability to grow fast despite the anaemic performance of the old EU. FDI inflows reached a record high. In the coming two years, economic prospects for the NMS are fairly good, even
The EU, on the one hand, and Russia and Ukraine, on the other, are very unequal partners in nearl... more The EU, on the one hand, and Russia and Ukraine, on the other, are very unequal partners in nearly all respects - a fact manifesting itself also in their economic relations. The EU is a relatively important trading partner for Russia and (although less so) for Ukraine. However, apart from being suppliers of energy carriers and metals, the role of
The Black Sea region comprises a heterogeneous group of countries Bulgaria, Romania, Ukraine, Rus... more The Black Sea region comprises a heterogeneous group of countries Bulgaria, Romania, Ukraine, Russia, Georgia, Armenia, Azerbaijan, and Turkey. Their economies differ in their size, institutional characteristics and integration perspectives, are facing vastly different problems, and find themselves at different levels of development. The economic performance of the region during the 1990s was highly unstable, and even the countries which
Ukraine was confronted with an unprecedented economic and financial crisis during 2008-2009. That... more Ukraine was confronted with an unprecedented economic and financial crisis during 2008-2009. That crisis has until recently been compounded by a highly unstable political situation. The European Union, Ukraine's neighbours and the international community have been concerned about possible repercussions of these developments on the stability of the whole region. The February 2010 presidential elections brought more political stability and
This paper discusses the transition agenda and provides the key economic characteristics of selec... more This paper discusses the transition agenda and provides the key economic characteristics of selected Middle East and North Africa countries (MENA) in comparison with selected Central, East and Southeast European countries (CESEE). We intend to identify some regularities in transition processes and to draw policy lessons for MENA countries. Among the key challenges facing the MENA region are job creation,
The collapse of communist regimes in Central and Eastern Europe marked a historical event for the... more The collapse of communist regimes in Central and Eastern Europe marked a historical event for the countries on both sides of the iron curtain. Using the recently released EU KLEMS database on detailed sectoral growth and employment measures, we analyse the productivity performance in the period after 1995 for five transition economies, i.e. the Czech Republic, Hungary, Poland, the Slovak
This paper deals with the situation of the textile sector in Russia and Central Eastern Europe, a... more This paper deals with the situation of the textile sector in Russia and Central Eastern Europe, as well as with their EU trade in textiles. It gives a comparative analysis of the main sectoral economic trends, in particular regarding production and employment, factors affecting the competitiveness and the key features of the trade with the EU. The sector plays a
The present economic crisis bears all the familiar hallmarks of the financial, debt-related and s... more The present economic crisis bears all the familiar hallmarks of the financial, debt-related and structural aspects of current account crises. All these aspects have lasting level effects and recovery can be very protracted. Export-led growth was an important feature of the recovery period 2010-2011, yet significant inter-country differences persisted. A few countries with severe pre-crisis imbalances (Romania, Bulgaria and the
The Central, East and Southeast European (CESEE) economies will experience on average a minor reb... more The Central, East and Southeast European (CESEE) economies will experience on average a minor rebound of economic growth to 1% in 2010 which will speed up to 2.5% in 2011 and 3.5% in 2012. GDP growth will be higher in the CIS countries and in Turkey, about average in the Central European NMS and lower in the SEE countries and
In 2005 most of the new EU member states (NMS) performed even better than in 2004. They have succ... more In 2005 most of the new EU member states (NMS) performed even better than in 2004. They have successfully managed the accession to the EU and gained the ability to grow fast despite the anaemic performance of the old EU. FDI inflows reached a record high. In the coming two years, economic prospects for the NMS are fairly good, even
The outlook for the world economy has improved in the course of 2010 and the recovery has gained ... more The outlook for the world economy has improved in the course of 2010 and the recovery has gained strength in the EU as well. The Central, East and Southeast European countries (CESEE) have also recovered from the crisis; the majority of them recorded positive GDP growth. On average, the recent revival of exports has been even stronger than their growth
For 2011 the wiiw central scenario envisages further improvements in the economic performance of ... more For 2011 the wiiw central scenario envisages further improvements in the economic performance of those countries that were still stagnating or contracting in 2010 (Bulgaria, Latvia, Romania, Croatia, Macedonia and Montenegro). However, in those countries that performed reasonably well in 2010 (such as Poland and Slovakia), growth will not accelerate all that much. At a later juncture GDP growth rates
The Vienna Institute for International Economic Studies (wiiw) has just released an analysis of c... more The Vienna Institute for International Economic Studies (wiiw) has just released an analysis of current economic developments in Central, East and Southeast Europe, Kazakhstan, Russia, Ukraine and China (including brief country reports), as well as a medium-term forecast for these countries in the period 2008 2010. A special section investigates labour market developments and the vulnerability of financial markets in
After a long period of convergence, Central, East and Southeast Europe experienced a deep recessi... more After a long period of convergence, Central, East and Southeast Europe experienced a deep recession in 2009. The relatively moderate GDP decline (-3.6%) on average for the new EU member states (NMS) reflects Poland's weight in the group, the only EU country to have recorded positive GDP growth last year (Albania and Kazakhstan registered positive growth rates as well -
The papers in the present SUERF Study is a selection of the papers presented at a SUERF Workshop ... more The papers in the present SUERF Study is a selection of the papers presented at a SUERF Workshop and Special OeNB East Jour Fixe held at Oesterreichische Nationalbank in Vienna on 23 January 2009. In his opening remarks (chapter 2), Ewald Nowotny, Governor of the Oesterreichische Nationalbank referred to Austrian banks engagement with neighbouring Central and Eastern European Countries. The
Fast economic growth - in excess of 5% per year - continues in most New EU Member States (NMS). G... more Fast economic growth - in excess of 5% per year - continues in most New EU Member States (NMS). Growth in Bulgaria and Romania (which joined the EU on 1 January 2007) was also accelerating throughout 2006. Everywhere, except Hungary, GDP growth has been driven predominantly by domestic demand. External trade, which significantly boosted GDP growth in a number of
After a long period of convergence, Central, East and Southeast Europe experienced a deep recessi... more After a long period of convergence, Central, East and Southeast Europe experienced a deep recession in 2009. The relatively moderate GDP decline (-3.6%) on average for the new EU member states (NMS) reflects Poland's weight in the group, the only EU country to have recorded positive GDP growth last year (Albania and Kazakhstan registered positive growth rates as well -
The present economic crisis bears all the familiar hallmarks of the financial, debt-related and s... more The present economic crisis bears all the familiar hallmarks of the financial, debt-related and structural aspects of current account crises. All these aspects have lasting level effects and recovery can be very protracted. Export-led growth was an important feature of the recovery period 2010-2011, yet significant inter-country differences persisted. A few countries with severe pre-crisis imbalances (Romania, Bulgaria and the
... for International Economic Studies, wiiw) Sándor Richter () (The Vienna Institute for Interna... more ... for International Economic Studies, wiiw) Sándor Richter () (The Vienna Institute for International Economic Studies, wiiw) Olga Pindyuk () (The ... the countries of Central and Eastern Europe, Southeast Europe including Turkey, as well as Kazakhstan, Russia, Ukraine and China. ...
In 2005 most of the new EU member states (NMS) performed even better than in 2004. They have succ... more In 2005 most of the new EU member states (NMS) performed even better than in 2004. They have successfully managed the accession to the EU and gained the ability to grow fast despite the anaemic performance of the old EU. FDI inflows reached a record high. In the coming two years, economic prospects for the NMS are fairly good, even
The EU, on the one hand, and Russia and Ukraine, on the other, are very unequal partners in nearl... more The EU, on the one hand, and Russia and Ukraine, on the other, are very unequal partners in nearly all respects - a fact manifesting itself also in their economic relations. The EU is a relatively important trading partner for Russia and (although less so) for Ukraine. However, apart from being suppliers of energy carriers and metals, the role of
The Black Sea region comprises a heterogeneous group of countries Bulgaria, Romania, Ukraine, Rus... more The Black Sea region comprises a heterogeneous group of countries Bulgaria, Romania, Ukraine, Russia, Georgia, Armenia, Azerbaijan, and Turkey. Their economies differ in their size, institutional characteristics and integration perspectives, are facing vastly different problems, and find themselves at different levels of development. The economic performance of the region during the 1990s was highly unstable, and even the countries which
Ukraine was confronted with an unprecedented economic and financial crisis during 2008-2009. That... more Ukraine was confronted with an unprecedented economic and financial crisis during 2008-2009. That crisis has until recently been compounded by a highly unstable political situation. The European Union, Ukraine's neighbours and the international community have been concerned about possible repercussions of these developments on the stability of the whole region. The February 2010 presidential elections brought more political stability and
This paper discusses the transition agenda and provides the key economic characteristics of selec... more This paper discusses the transition agenda and provides the key economic characteristics of selected Middle East and North Africa countries (MENA) in comparison with selected Central, East and Southeast European countries (CESEE). We intend to identify some regularities in transition processes and to draw policy lessons for MENA countries. Among the key challenges facing the MENA region are job creation,
The collapse of communist regimes in Central and Eastern Europe marked a historical event for the... more The collapse of communist regimes in Central and Eastern Europe marked a historical event for the countries on both sides of the iron curtain. Using the recently released EU KLEMS database on detailed sectoral growth and employment measures, we analyse the productivity performance in the period after 1995 for five transition economies, i.e. the Czech Republic, Hungary, Poland, the Slovak
This paper deals with the situation of the textile sector in Russia and Central Eastern Europe, a... more This paper deals with the situation of the textile sector in Russia and Central Eastern Europe, as well as with their EU trade in textiles. It gives a comparative analysis of the main sectoral economic trends, in particular regarding production and employment, factors affecting the competitiveness and the key features of the trade with the EU. The sector plays a
The present economic crisis bears all the familiar hallmarks of the financial, debt-related and s... more The present economic crisis bears all the familiar hallmarks of the financial, debt-related and structural aspects of current account crises. All these aspects have lasting level effects and recovery can be very protracted. Export-led growth was an important feature of the recovery period 2010-2011, yet significant inter-country differences persisted. A few countries with severe pre-crisis imbalances (Romania, Bulgaria and the
The Central, East and Southeast European (CESEE) economies will experience on average a minor reb... more The Central, East and Southeast European (CESEE) economies will experience on average a minor rebound of economic growth to 1% in 2010 which will speed up to 2.5% in 2011 and 3.5% in 2012. GDP growth will be higher in the CIS countries and in Turkey, about average in the Central European NMS and lower in the SEE countries and
In 2005 most of the new EU member states (NMS) performed even better than in 2004. They have succ... more In 2005 most of the new EU member states (NMS) performed even better than in 2004. They have successfully managed the accession to the EU and gained the ability to grow fast despite the anaemic performance of the old EU. FDI inflows reached a record high. In the coming two years, economic prospects for the NMS are fairly good, even
The outlook for the world economy has improved in the course of 2010 and the recovery has gained ... more The outlook for the world economy has improved in the course of 2010 and the recovery has gained strength in the EU as well. The Central, East and Southeast European countries (CESEE) have also recovered from the crisis; the majority of them recorded positive GDP growth. On average, the recent revival of exports has been even stronger than their growth
For 2011 the wiiw central scenario envisages further improvements in the economic performance of ... more For 2011 the wiiw central scenario envisages further improvements in the economic performance of those countries that were still stagnating or contracting in 2010 (Bulgaria, Latvia, Romania, Croatia, Macedonia and Montenegro). However, in those countries that performed reasonably well in 2010 (such as Poland and Slovakia), growth will not accelerate all that much. At a later juncture GDP growth rates
The Vienna Institute for International Economic Studies (wiiw) has just released an analysis of c... more The Vienna Institute for International Economic Studies (wiiw) has just released an analysis of current economic developments in Central, East and Southeast Europe, Kazakhstan, Russia, Ukraine and China (including brief country reports), as well as a medium-term forecast for these countries in the period 2008 2010. A special section investigates labour market developments and the vulnerability of financial markets in
After a long period of convergence, Central, East and Southeast Europe experienced a deep recessi... more After a long period of convergence, Central, East and Southeast Europe experienced a deep recession in 2009. The relatively moderate GDP decline (-3.6%) on average for the new EU member states (NMS) reflects Poland's weight in the group, the only EU country to have recorded positive GDP growth last year (Albania and Kazakhstan registered positive growth rates as well -
The papers in the present SUERF Study is a selection of the papers presented at a SUERF Workshop ... more The papers in the present SUERF Study is a selection of the papers presented at a SUERF Workshop and Special OeNB East Jour Fixe held at Oesterreichische Nationalbank in Vienna on 23 January 2009. In his opening remarks (chapter 2), Ewald Nowotny, Governor of the Oesterreichische Nationalbank referred to Austrian banks engagement with neighbouring Central and Eastern European Countries. The
Fast economic growth - in excess of 5% per year - continues in most New EU Member States (NMS). G... more Fast economic growth - in excess of 5% per year - continues in most New EU Member States (NMS). Growth in Bulgaria and Romania (which joined the EU on 1 January 2007) was also accelerating throughout 2006. Everywhere, except Hungary, GDP growth has been driven predominantly by domestic demand. External trade, which significantly boosted GDP growth in a number of
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Papers by Peter Havlik