Transition report 2004: infrastructure
European Bank for Reconstruction and Development, Jan 11, 2004 - Business & Economics - 204 pages
This report assesses recent economic developments in central eastern Europe and the Baltic states, south-eastern Europe and the Commonwealth of Independent States. The key points are: progress in reform during 2003-04 was most pronounced in south-eastern Europe, elsewhere the pace of transition was uneven; the transition countries are expected to grow by 6.1 per cent in 2004, helped by a positive international trade environment; rapid credit growth is boosting domestic consumption and investment; in the infrastructure sector, many countries have found it difficult to establish independent, accountable and credible regulatory agencies; private sector participation is increasingly taking the form of concessions and management contracts rather than asset sales; local investors are becoming more important.
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Progress in transition and macroeconomic performance
Progress in transition and the link to growth
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administered prices Armenia assets Azerbaijan banking sector Belarus Bosnia and Herzegovina Broad money M2 Bulgaria business environment cent of GDP companies competition consumption Croatia Current account balance Czech Republic dollar Domestic credit EBRD index economic electricity employment energy Enterprise and markets Estonia Exchange rate excluding gold end-year expenditure exports External debt External sector Financial sector Fiscal balance fixed-line Foreign direct investment funds FYR Macedonia GDP per capita gross output Gross reserves improve increase inflation insolvency Interest rate liberalisation investors Kazakhstan kgoe Kyrgyz Republic labour force labour productivity large-scale privatisation Latvia macroeconomic million Moldova operators penetration rate Percentage change prices annual average prices end-year Private sector share privatisation method progress railway Real GDP region regulation regulatory Romania Share of industry Share of trade Slovak Republic Slovenia Social sector Stabilisation state-owned Tajikistan tariffs telecommunications transition countries Turkmenistan Uzbekistan