Transition Report 2012: in pictures

November 7th, 2012

The transition region’s banks have lost significant external funding (see Chapter 2).

Transition Report 2012: Integration Across Borders

This Transition Report analyses the importance of economic integration, focusing specifically on the changing financial landscape in the eurozone single currency bloc and the creation of new pan-European institutions. It also assesses the role of trade integration. Learn more

The SEMED region is described as being in “mid-transition” (see Chapter 1).

Progress in Structural Reforms

This section looks at the changing pace of reform over the last year in the EBRD’s countries of operations. In particular, it studies the impact of the global economic crisis: have reforms slowed down and has the impetus for reform been lost? For the first time the Transition Report also analyses the progress of reforms in the southern and eastern Mediterranean (SEMED) region. Learn more

Following drought and poor corn harvest in the United States, food prices have again begun to accelerate in mid-2012, posing renewed risks to price stability in the transition region (Chapter 2).

Transition Region in the Shadows of the Eurozone Crisis

This chapter explores the effects of the continuing turmoil in the single currency bloc on the economies across the EBRD region, including SEMED. The outlook for the region continues to be crucially driven by developments in the eurozone. In the baseline, the region will see substantial slowdown this year and next, relative to 2011. Learn more

Host-country supervisors may not have much information about the parent banks of subsidiaries that operate in their country (Chapter 3).

Towards a Pan-European Banking Architecture

This section assesses the potential impact of a eurozone-based banking union and asks whether this major new development will address the deficiencies of previous national-based regulatory models. It focuses particularly on the status of non-eurozone countries with respect to the new system. Learn more

Many transition countries may go into a second dip of the crisis, with uncertain prospects of recovery (Chapter 2).

Regional Trade Integration and Eurasian Economic Union

This chapter considers the various benefits of trade integration and the extent to which they are likely to apply in the new Customs Union between Russia, Belarus and Kazakhstan. The analysis draws on the early evidence about the impact of the customs union on trade, non-tariff barriers and export structure and also looks at the experiences of other longer-established trading blocs. Learn more