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The Master Thesis provides an analysis of the international relations between Russia and the European Union in economic and trade field. The first part of the Master Thesis introduces the European Union as an important integration system. This part also includes the analysis of the EU-Russia policy. In the second part of the Master Thesis there are explained the development of the bilateral trade and economic relations. Partnership of countries is described through the economic relation. Trade is the main form of economic cooperation between Russia and the EU. The estimation of the trade cooperation is performed with the help of data extracted from the Eurostat database, analysis of commodity structure and trend analysis. Relevance of the analysis is determined through the mutual interest in the development of economic cooperation between Russia and the EU. This Master Thesis presents the new practical moment of Russian accession to the WTO, which influenced the economic and trade bilateral cooperation. There are identified the main problems in bilateral relations and proposed the suggestions for its elimination. There is gathered the most relevant information and data in order to reflect the most reliable situation as of today. The last part of the research forecasts directions and prospects of...

This article investigates the interrelations between the initial members of the Euro area and five important Central and Eastern European economies. We set up a theoretical open economy model to derive the Purchasing Power Parity, the Interest Rate Parity, the Fisher Inflation Parity, and an output gap relation. After taking convergence into account, they are used as restrictions on the cointegration space of a structural vector error correction model. We then employ generalized impulse response analysis to assess the dynamic effects of shocks in output and interest rates on the respective other area as well as the implications of shocks in the exchange rate and in relative prices on both areas. The results show a high degree of interconnectedness between the two economies. There are strong positive spillovers in output to the respective other region with the magnitude of the impact being similarly strong in both areas. Furthermore, we find a multiplier effect being present in Eastern Europe and some evidence for the European Central Banks' desire towards price stability. (author's abstract) / Series: Department of Economics Working Paper Series

La construction européenne fut entre la conférence de La Haye en 1969 et la signature de l’Acte unique européen en 1986, une entreprise d’intégration des sociétés européennes principalement économique, notamment fondée sur la libre circulation des marchandises, des hommes mais aussi des services et des capitaux. Ce projet de marché unique transnational fut un défi inouï lancé aux Etats et aux partis politiques qui organisent l’expression politique au sein de chaque nation. Deux partis, profondément enracinés par leur identité socialiste et démocratique dans la vie de leur nation et également mus par l’idéal européen, le parti social-démocrate d’Allemagne (SPD) et le Parti socialiste français (PS), furent, par l’action de leurs dirigeants au pouvoir, étroitement associés à la réalisation du projet européen.Ces partis furent-ils des acteurs qui imprimèrent la marque du socialisme démocratique à la construction européenne ou l’accompagnèrent-ils sans en corriger les traits originaux ? Ont-ils façonné le modèle économique de l’intégration européenne ou s’est-il imposé à eux ? Partant, cette expérience européenne les conduisit-elle à préserver ou à modifier leur identité ? Notre recherche nous conduit ainsi à étudier la rencontre entre deux utopies, l’utopie européenne et l’utopie du socialisme démocratique et à mesurer l’extrême difficulté pour ces deux partis de créer un modèle qui fasse converger ces deux caractéristiques du PS et du SPD et leur permette de rester des forces politiques d’avenir, riches de propositions partagées à l’échelle européenne. / Between the conference of The Hague (1965) and the signing of the Single European Act (1986), the European Construction was foremost an economic endeavour aiming at integrating the European societies and based on the free movement of goods, people, services and money. The creation of the common market was an extraordinary challenge for the nation states and for the political parties which are responsible for the expression of the political life of their nation. Two parties, the French socialist party (PS) and the social-democratic party of Germany (SPD), both deeply rooted in the political life of their own nation, with a socialist and democratic identity, but also moved by European ideals, were greatly involved in the realisation of the European project, mainly through the action of their leaders when these were exercising their national responsibilities and ruling their nation.Thus the questioning: did these parties leave the mark of democratic socialism on the European construction or did they only accompany it without correcting the original features? Did they participate in the definition of the European economic model or not? And in turn, did the European construction lead them to preserve or to modify their identity?Our inquiry leads us to study how two utopian ideas, the path towards democratic socialism and the path towards European unity, interfere. The extreme difficulty for both parties to create a convergence between these two paths could prevent them from remaining political strengths with great future at national and European scale.

There is a relation between financial analysis of a company and the economic and legal environment of its registered place of business. The financial analysis is based on the financial reports reflecting the requirements of the national or supranational system of financial accounting. The creation of the single internal market of the European Union leads to harmonization of the financial accounting and reporting of the individual member states. The companies residing in the Czech Republic are obliged to make out the annual closure of accounts in compliance with the Czech Accounting Standards that reflect the requirements of the 4th directive of the European Communities. Under particular circumstances they also make out the closure of accounts in compliance with the International Accounting Standards IAS/IFRS reflecting the requirements of the International Standards Regulation adopted by The European Communities. Among such companies there belongs a subsidiary, T-Mobile Czech Republic, of which the financial analysis can be carried out based on the two different accounting standards. Finding out to what extent the conclusions of the analyses differ is the main task of the diploma thesis.