It’s hard to get a break in the Europe and Central Asia region, it seems – even a short one. Hit hard by the troubles in the Eurozone at the beginning of the decade, emerging and developing…

Aurora Ferrari, Ilias Skamnelos |

Effective management of European Union (EU) funds is not only high on the agenda of the new EU member states but also of the Western Balkan countries that are progressing in the EU integration…

Maya V. Gusarova, Naida Carsimamovic Vukotic |

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Birgit Hansl |

Sovereign difficulties have divided financial markets in the Euro area, thereby increasing differences in bank lending rates across countries. Policy makers in both Brussels and Frankfurt are…

Matija Laco |

"No single national score can accurately reflect contrasts in the types of corruption found in a country." Michael Johnston, 2001 Corruption comes in various forms - administrative…

Gregory Kisunko, Steve Knack |

Cities have always been the driving forces of world civilizations. What Niniveh was to the Assyrian civilization, Babylon was to the Babylonian civilization.  When Peter the Great, third in the…

Souleymane Coulibaly |

Spare a thought for the economist. While in the past, people might have resorted to reading tea leaves to figure out what their future has in store for them, these days, at least on economic…

Kaspar Richter |

Browsing through a large departmental store in Yerevan, I selected a tie, pair of trousers and a shirt to make up for having arrived in the city before my suitcases did. The store manager pointed…

Munawer Sultan Khwaja |

Eleven of the less prosperous members of the European Union – Bulgaria, Croatia1, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, the Slovak Republic, and Slovenia (EU11…

Gallina Andronova Vincelette |

Every six months, my colleagues and I get together with other members of the Russian economic report (RER) team, to figure out where the Russian economy is heading. To do this, we rely heavily on …

Kaspar Richter |