Economic Situation in CEFTA Member Countries

Ljubljana, 11 September - CEFTA/SUMMIT/PORTOROŽ
Macro-economic results in the six member countries of the Central European Free Trade Agreement (CEFTA) were slightly inferior in 1996 to those in the preceding years; especially characteristic was a general negative economic growth trend. According to experts, the first impetus is definitely over and CEFTA members are facing stagnation in their reforms. One of the problems that the most developed Central and Eastern European countries in transition have to tackle is wide trade gaps, which force the countries to adopt measures in order to attain macro-economic balance.