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(published in: Dec, 2010)
In CEE we expect GDP growth in the region next year of 3.8%, up from 3.6% this year, with every country in our group to show gains for the first time in 4 years. The crisis is not over yet, but signs of recovery begin to show in the area. What to expect for the new year?
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(published in: Jul, 2010)
Romania’s Constitutional Court ruled on 25 June that some of the austerity measures to be implemented by the government are unconstitutional. To offset the ruling that pensions cannot be cut, the government decided to increase VAT. These events have prompted the possible delay in a rebound of local demand. This year will also see a one-off jump in inflation as an immediate consequence of the VAT increase.
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(published in: Jun, 2010)
Following the Greek difficulties and the comments by some Hungarian officials regarding the week status of Hungary’s public finances, this week the Bulgarian budget was at center stage. To avoid sustainability of its fiscal position being called into question, the Bulgarian government already implemented a number of austerity measures, but the European Commissioner Rehn is considering sending a missionto the country.
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(published in: May, 2010)
Estonia will be the 17th eurozone member, the third of the ex-communist countries after Slovenia (2007) and Slovakia (2009) to join the common currency, the euro. Indeed, the EU authorities gave a positive assessment on Estonia’s readiness to join the eurozone, despite several macroeconomic and structural risks underlined by the authorities.
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(published in: Apr, 2010)
The impact of the global crisis is not ended and the south east european countries are still inside significant social and economic difficulties. The recovery is possible but needs much work on the financial and institutional side. This survey, by the research unit of the Unicredit banking Group, highlights the perspectives, the weeknesses and strenghts of seventeen countries of the area in the second quarter of 2010.
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(published in: Mar, 2010)
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(published in: Feb, 2010)
The recovery from the economic downturn in South East Europe (SEE) is delayed and the countries of the area are suffering from its effects, in particular on the society and productive activities. This survey, by the research unit of the Unicredit banking Group, highlights the perspectives, the weeknesses and strenghts of seventeen nations of the area with regard to the first quarter of 2010.
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(published in: Feb, 2010)
Greece is under strict control by the European Commission following the explosion of is annual deficit. Someone belives that the Greek financial system is in peril and the state finances are approaching collapse. Wich are the possible consequencies of this situation for the investments that Athens has made in South Eastern Europe?