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Eastern European Economies Amidst the Global and Regional Shocks

Author

Listed:
  • Marek Dabrowski
  • Christopher Hartwell
  • Olga Popova
  • Jan Hagemejer
  • Vladimir Otrachshenko

Abstract

The Eastern neighbourhood of the European Union (EU), comprising Armenia, Azerbaijan, Belarus, Georgia, Moldova, Russia, and Ukraine, has faced persistent economic and geopolitical challenges. Since the collapse of the Soviet Union, these nations have grappled with economic transition, political instability, and repeated global crises, including the 2008 financial crash, the 2014–2015 commodity price decline, the COVD-19 pandemic, and the ongoing inflation surge. Russia’s full-scale invasion of Ukraine in 2022 has further exacerbated these difficulties, disrupting trade, investment, and energy security while affecting economies across the region. This comprehensive report: Eastern European Economies Amidst Global and Regional Shocks published in series CASE Report analyses the economic impact of these crises, focusing on four key areas: macroeconomic stability, financial sector resilience, external trade and investment, and energy security. While Moldova has been particularly affected by war-related disruptions, Armenia and Georgia have experienced benefits from increased trade and migration inflows from Russia. Additionally, political instability, the rise of authoritarianism in several states, and unresolved territorial disputes continue to shape economic policies and growth prospects.

Suggested Citation

  • Marek Dabrowski & Christopher Hartwell & Olga Popova & Jan Hagemejer & Vladimir Otrachshenko, 2025. "Eastern European Economies Amidst the Global and Regional Shocks," CASE Reports 0511, CASE-Center for Social and Economic Research.
    • Handle: RePEc:sec:report:0511
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    File URL: https://case-research.eu/app/uploads/2025/04/Regional-report_OSF.pdf
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    References listed on IDEAS

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    3. Edwin Le Heron & Nicolas Yol, 2019. "The macroeconomic effects of migrants' remittances in Moldova: a stock–flow consistent model," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 16(1), pages 31-54, April.
    4. Marek Dabrowski, 2015. "The harsh reality of Ukraine’s fiscal arithmetic," Bruegel Policy Contributions 881, Bruegel.
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    6. repec:hal:journl:hal-03772014 is not listed on IDEAS
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    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General

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