Country assessments(South Eastern Europe)

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Part III of the Transition Report charts the reform progress of the 27 transition countries. The Bank’s annual assessments highlight key developments and issues central to transition in a wide range of areas, including liberalisation, privatisation, the business environment, competition, infrastructure, the financial sector and social reform. New to this year’s Report is a more detailed discussion of macroeconomic issues, which complements the usual review of reform developments. The key challenges facing each country are summarised at the beginning of the text.

To provide a quantitative foundation for analysing progress in transition, each country assessment includes a set of tables containing structural and institutional indicators, an overview of selected institutional and legal arrangements, as well as macroeconomic indicators.

These data help to describe the process of transition in a particular country, but they are not intended to be comprehensive. Given the inherent difficulties of measuring structural and institutional change, they cannot give a complete account or precise measurement of progress in transition. Moreover, some entries, such as the exchange rate regime and the privatisation methods, are useful only for information and carry no normative content. Other variables may have normative content, but their evaluation may vary depending on the specific country context.

The data should be interpreted with caution also because their quality varies across countries and categories. The data are based on a wide variety of sources, including national authorities, other international organisations and EBRD staff estimates. To strengthen the degree of cross-country comparability, some of the data were collected through standardised EBRD surveys of national authorities. The most recent GDP and fiscal data for the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, the Slovak Republic and Slovenia have been re-calculated according to Eurostat methodology (ESA95). The source of data and their exact definition are provided in the methodological notes at the end of the Report.

The "cut-off" date for data was mid-September 2004. Data for 2004 are projections.

Albania

Bosnia and Herzegovina

Bulgaria

Croatia

FYR Macedonia

Romania

Serbia and Montenegro

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