CESEE: Stuck in Transition or Just a Break?

Politics ♦ Published: February 6, 2014; 12:53 ♦ Updated: February 6; 13:41 ♦ (Vindobona)

Despite all difficulties in Central, Eastern and Southeastern Europe, the region remains essential for Austria. The long-term growth potential remains intact.

CESEE: Stuck in Transition or Just a Break? / Picture: © Vindobona.org

Since 2008/09, the economic recovery in CESEE is rather bumpy. Although all countries could return to growth, the region will not repeat the economic boom in the years between 2000 and 2008.

The CESEE region still has to manage structural weaknesses. According to the European Commission, corruption is one of the most pressing problems in the region. 75% of companies in the EU say…