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World Economy - Central & Eastern Europe
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Fast European developers leave neighbours far behind
If economies could be described with colours, Europe's ex-Communist countries could once have been painted in shades of grey. Eleven years after the fall of the Berlin Wall, the various former Socialist states have developed in such contrasting ways that they would now demand a much bigger palette. more
Polish account deficit threatens stability
For the past decade, Poland has measured its economic development against the inefficiencies of communist central planning. Progress was accordingly large. more
Cheaper Russian rouble cheers industry
Bankers, it is said, are the type of people who give you an umbrella when the sun is shining, and take it away when it rains. And lately, bankers have been lining up to give Russia umbrellas. more
Tourists return to Croatia but the crisis remains
The traffic jams that caused parts of the Croatian coast to seize up this summer were reason to cheer, and to grumble. On the one hand they were a sign that, this year, the Croatian tourist industry was finally recovering from the disruption following the 1991-1995 independence war. more
Cautious Czech optimism prevails
When the Czech Republic welcomes the International Monetary Fund/World Bank on Thursday for their first annual meeting in the former communist bloc, it will be able to show the world's financial elite the substantial progress achieved since its fall from grace in the May 1997 currency crisis. more
Welcome surprise from poor performer Romania
At the beginning of 2000, Romania, which had just experienced its third year of economic decline and a constitutional crisis, looked set to be, once again, among eastern Europe's poor performers. more