Преглед на стопанската политика ISSN 1313 - 0544

INVITATION: Whither Growth in Central and Eastern Europe?

Оцени тази статия:

Whither Growth in Central and Eastern Europe?

Policy Lessons for an Integrated Europe 


December 06, 2010

Radisson Blu Grand Hotel, Sofia

4, Narodno Sabranie Sq.

Yellow Meeting Room 



Dear Ladies and Gentlemen,


The Institute for Market Economics (IME) and the Bulgarian Macroeconomic Association (BMA) are glad to invite you to a presentation of the recently published report by BRUEGEL and Vienna Institute for International Economic Studies (wiiw) Whither growth in central and eastern Europe? Policy lessons for an integrated Europe”.



This report examines the impact of the economic crisis on the countries of Central and Eastern Europe (CESEE) and draws out the main policy lessons. The authors compare the pre-crisis development model of CESEE region with similar countries in Asia and Latin America and study the impact of the crisis. They scrutinize more closely the growth model of the region and study the short-run challenges and the medium-to longer-run issues, focusing on behavioral adjustments occurring within the countries of the region in the wake of the crisis and on changes in the external environment. Large part of the study examines three key policy areas: exchange-rate policy, financial stability and fiscal sustainability. The report also raises policy issues for the CESEE countries and the EU.



09.30 – 10.00

Registration and coffee

10.00 – 10.30

Presentation by Zsolt Darvas, research fellow at Bruegel and co-author

10.30 – 10.50

Comments by Georgy Ganev, member of the BMA Governing council

10.50 – 12.00

Open discussion


Invitations are sent to academia, think tanks, media, embassies, government, experts and companies.






Zsolt Darvas is a Research Fellow at Bruegel, a Research Fellow at the Institute of Economics of the Hungarian Academy of Sciences, and an Associate Professor at the Corvinus University of Budapest. He was previously Research Advisor to the Argenta Financial Research Group in Budapest (2005-08) and researcher and later Deputy Head of the Research Unit of the Central Bank of Hungary (1994-2005). He has had visiting researcher positions at the Bank of Finland, Deutsche Bundesbank, De Nederlandsche Bank and the Stockholm School of Economics. He is Deputy President of the Economics Committee of the Hungarian Academy of Sciences. His research interests include macroeconomics, international economics and time series analysis.



Georgy Ganev is an economist and is a program director for economic research at the Centre for liberal strategies in Sofia, Bulgaria. He holds a PhD in Economics from Washington University, St. Louis. He was a teaching and research assistant of prof. Douglass C. North, Nobel laureate in economics, "Economic History" and "Economics of Property Rights", Washington University, St. Louis (1994-1997). He is a founding member, chairman (2005-2009) and a member of the Governing Council of the Bulgarian Macroeconomics Association. Mr. Ganev is a member of the Consultative Council of the Bulgarian National Bank.

Since 2003 he is an assistant professor at Sofia University’s Faculty of Economics and Business Administration. His interests are related to issues of macroeconomics and monetary theory and policy, political economy, transition, development and growth economics, new institutional economics. At the university he teaches the standard courses of introductory macroeconomics, money and banking, as well as a graduate seminar in new institutional economics. 







The Institute for Market Economics is the first and oldest independent economic policy think tank in Bulgaria. Its mission is to elaborate and advocate market-based solutions to challenges citizens of Bulgaria and the region face in reforms. This mission has been pursued sine early 1993 when the Institute was formally registered. IME objectives are to provide independent assessment and analysis of the government economic policies and to be a focal point for an exchange of views on market economics and relevant policy issues.




The Bulgarian Macroeconomic Association is an association with main purpose to discuss macroeconomic issues, spread macroeconomic ideas and knowledge, and to promote and encourage research in this area. BMA mission is to organize symposia, discussions, lectures, conferences and other national and international meetings of informative and educational nature intended to achieve the association’ goals. 




Bruegel is a European think tank working in the field of international economics. Established in 2005, Bruegel is independent and non-doctrinal. It seeks to contribute to European and global economic policy-making through open, fact-based and policy-relevant research, analysis and debate. Bruegel‘s governance and funding model is unique. Its membership includes EU governments and leading international corporations. Its day-to-day work is carried out at arm‘s length from members‘ interests. 




Established in 1973 as an independent research institute, The Vienna Institute for International Economic Studies (wiiw) is a non-profit organization. The primary emphasis of wiiw research activities is on analyzing and forecasting economic developments in the countries of Central, East and Southeast Europe (including Turkey), the major CIS countries as well as economic developments in China. Research results are issued in one of the Institute's series of regular publications or jointly with international publishers. The Institute has established a number of databases providing exhaustive statistical data on the countries of Central, East and Southeast Europe.