Economy

The paucity of official fiscal data makes independent analysis of budgetary execution tough, but the significant tax reform being undertaken this year (under which both corporate... 2004-07-07

The official announcement that real GDP growth accelerated to 8.8% y-o-y in Q104 places Latvia at the forefront of the Baltic’s rapidly expanding economies, and there is... 2004-07-02

After an official estimate suggested that the pace of economic expansion accelerated in the first quarter of 2004 to 6.8% year-on-year (y-o-y), the Bank of Estonia has taken the opportunity... 2004-07-01

There has been a sharp reduction in Russia’s external debt since the late 1990s financial crisis. BMI View: A significant improvement in the government’s debt... 2004-07-01

Ukraine's broad-based economic rebound since the regional financial and economic crisis of the late 1990s continues to impress. BMI View: Much of the recovery can be attributed... 2004-07-01

The Currency Board Arrangement adopted by the Estonian authorities in 1992 has contributed to a successful reduction of price pressures which were present at the beginning of the... 2004-07-01

Consistent with its efforts to continue to satisfy the fiscal tests for entering monetary union, the Lithuanian government has announced that is expects GDP, which surged by 9% last... 2004-06-14

In 2004, the central bank has continued its policy of direct foreign exchange market intervention against the domestic currency. BMI View: The policy has to date been successful in... 2004-06-08

The government's official 2004 real GDP growth forecast was increased in late May from 6.4% to 6.6%, marginally above BMI's 6.5% projection. However, the official revision risks being... 2004-06-08

The authorities have released an initial prognosis of economic activity in 2005. The economy ministry said in May that it was expecting real GDP growth to slow from 2004's forecast... 2004-06-08