Focus area: Central, Eastern and Southeastern Europe (CESEE)

Map of Europe

Reflecting the particular relevance of the Central, Eastern and Southeastern European (CESEE) area to Austria and its economy, OeNB experts have been monitoring developments in CESEE closely for decades. In particular, the OeNB’s analysis is focused on the 11 CESEE EU Member States, another 7 (potential) EU candidate countries, as well as on Russia and on Ukraine.  After all, these economies account for some three-quarters of all foreign assets held by Austrian banks, for about one-third of Austrian outward foreign direct investment and for roughly one-quarter of Austrian goods exports.

The OeNB’s comprehensive expertise in CESEE issues builds on a steady stream of research papers, economic analyses and other CESEE-related activities. In our analysis, we focus on economic developments in CESEE, while also considering aspects of monetary policy and financial stability. The key areas of our CESEE-related research area monetary policy, spillover effects, financial stability, international capital flows, economic convergence, public debt, household saving and real estate prices.

CESEEnet is a research information network for economists working within the European System of Central Banks (ESCB) on policy-oriented economic research with a regional focus on Central, Eastern and Southeastern European (CESEE) economies. The network is hosted by Oesterreichische Nationalbank (OeNB).