Agricultural and food products in Central and Eastern European countries (CEECs) in transition to a market economy experienced improvements in international competitiveness in crops (wheat and sunflower) and higher value-added processed products. Less improvement in competitiveness is for animal...

Exchange rates were heavily distorted under the central planning system in Central and Eastern Europe and are still adjusting in the transition process. The use of nominal exchange rates introduces a bias for international price comparisons and in calculations based on them. We present various...