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Abstract

Country assessments(South Eastern Europe)

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The following section contains a country-by-country review of reform progress and macroeconomic developments in the transition region from mid-2005 to mid-2006.

It includes for the first time an assessment of economic developments in Mongolia, which became an EBRD country of operations in October 2006. Following the independence of Montenegro in June 2006, Serbia and Montenegro are considered separately. A retrospective assessment of developments in these three countries is provided to chart their reform path since the beginning of transition.

The country assessments highlight key developments in liberalisation and privatisation, business environment and competition, infrastructure, the financial sector and social reform. They also include data tables of structural, institutional and macroeconomic indicators. However, in view of the inherent difficulties in measuring structural and institutional change, the data cannot give a complete account or precise measurement of progress in transition.

There is still considerable variation in data quality across countries and categories. The data are based on a wide variety of sources, including national authorities, other international organisations and EBRD estimates. To strengthen the degree of comparison between countries, some of the data were collected through standardised EBRD surveys of national authorities. The source of data and exact definitions are provided in the methodological notes at the end of the Report. The "cut-off" date for data was end-September 2006. Data for 2006 are projections.

    SEE-3

    Bulgaria

    Croatia

    Romania

    SEE-5

    Albania

    Bosnia and Herzegovina

    FYR Macedonia

    Montenegro

    Serbia


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