Transition Report 2013
Stuck in transition?

The EBRD is investing in changing people's lives from central Europe to central Asia and the southern and eastern Mediterranean. Working together with the private sector, we invest in projects, engage in policy dialogue and provide technical...

Can the transition region ever catch up with the living standards of the world's most advanced market economies? Economic growth remains well below pre-crisis levels and many countries have turned their backs on the reforms that could put...

“This year’s Transition Report explains why some countries may be ‘stuck’ in traps with little or no reform, but also indicates ways to break out of them.” For more than five years, the transition region has been buffeted by the fall-out...

Growth in the transition region slowed significantly in 2012 and has failed to recover in 2013. While the effects of the eurozone crisis on trade and capital flows have gradually abated, there has been a downturn in key emerging markets and in...

Structural reforms continue to face serious obstacles. 2013 has seen a relatively high number of downgrades in sector and country-level indicators. At the sector level, reversals occurred in a few countries where the economic downturn has eroded...