Russia's Foreign Direct Investments in New EU Member States: The Case of the Baltic States

Author(s):  
Kaarel Kilvits ◽  
Alari Purju ◽  
Sirje Pädam
Author(s):  
Eva Banincova

In 2008-09 the banking sectors of four Central and East European States and three Baltic States have experienced a large-scale financial crisis in the EU for the first time since becoming foreign-owned. Amongst the new EU member states Baltic States and Hungary were the worst affected economies. The paper first explores why the extent of crisis varied among these seven states by distinguishing major differences in the pre-crisis bank lending practices which reflect different macroeconomic developments and exchange rate policies in these states. Based on the analysis of bank performance indicators since 2008 and my interviews with representatives of major banks active in the region, the important role of foreign banks in mitigating the risks of financial contagion is outlined. The implication from the crisis is examined mainly from the perspective of the financial supervision and regulation in the enlarged EU. By inspecting the concrete experience of financial supervision authorities in the Baltic States the paper shows why the host country supervisors were not able to curb excessive lending and risk-taking by large Scandinavian banks. Since it is expected that the new EU regulatory and supervisory framework will reinforce the financial stability in the case of large cross-border banking groups, the paper addresses the issues in the financial crisis prevention, management are resolution in the new EU member states which will improve based on the new EU regulatory and supervisory framework for credit institutions.


2019 ◽  
Vol 12 (2) ◽  
pp. 115-133
Author(s):  
Iryna Izarova

Abstract Judicial cooperation between EU Member-States and Ukraine is still at a basic level. The EU-Ukraine Association Agreement does not prove an appropriate approach, and their relations are regulated mostly with the bilateral agreements. The Baltic states and Ukraine, which are the focus of this research, are deeply engaged by their close geographical location, common historical issues and friendly relations, and seek further development of their relations. This should be accompanied by mutual judiciary trust and therefore by the corresponding evolution of bilateral relations proper to this trust. The following types of judicial cooperation in civil matters were chosen as objects of this research: recognition of Baltic States’ courts’ judgments in Ukraine, as well as service of documents and taking of evidence in Ukraine. The conclusions consist of several proposals related to deeper judicial cooperation between Member-States and third countries, illustrated by the example of the Baltic States and Ukraine, in light of the right to fair trial and mutual trust in the judiciary.


2006 ◽  
Vol 11 (3-4) ◽  
pp. 61-73 ◽  
Author(s):  
Kaarel Kilvits ◽  
Alari Purju ◽  
Sirje Pädam

2015 ◽  
Vol 23 (2) ◽  
pp. 49-76 ◽  
Author(s):  
Maili Vilson

Estonia, Latvia and Lithuania have established themselves as ardent supporters of the EU's Eastern Partnership, and have also combined this with robust national policies. The crisis in Ukraine, with the annexation of Crimea and Russian military aggression precipitating confrontation in EU-Russia relations, presented the Baltic countries with the most formidable political challenge since restoring independence. Combining Europeanization literature with Larsen's (2005) approach to the foreign policy of small states, the article focuses on the relationship between national foreign policies of EU member states and the European Union as a foreign policy platform. The analysis synthesizes the results of a content analysis of official press releases with interviews with the Baltic states’ diplomats. The empirical results show that in responding to the Ukraine crisis, the Baltic states have regularly pursued their policy aims through the EU, contesting the conventional notion that Europeanization rarely extends to foreign and security affairs. More specifically, the Baltic states’ handling of the Ukraine crisis suggests that Europeanization can affect even dossiers with heavy bearing on member states’ security and national sovereignty where – according to the extant consensus in the literature – it should be least likely.


2018 ◽  
pp. 103-129
Author(s):  
Sandra Fernandes ◽  
Daniel Correia

Relations between the European Union (EU) and Russia have entered a more difficult era with the 2004 enlargement and the annexation of Crimea in 2014. The three Baltic states are new EU member states that share threat perceptions vis-à-vis Moscow. The article unpacks securitisation processes in the three Republics and how they have evolved after 2004 and 2014, as compared to the previous period of independence initialled in 1991. By exploring discourses, identity formation by strategies of othering and policy changes, we argue that re-securitisation is currently undergoing after a period of softer securitisation in the aftermath of EU accession.


2012 ◽  
Vol 59 ◽  
pp. 37-54
Author(s):  
Aušra Vinciūnienė

Pastaraisiais metais itin išpopuliarėjusių Europos Sąjungos (ES) politinės komunikacijos tyrimų centre atsidūrė mokslininkų pastangos atskleisti europeizacijos kontekste naujai išryškėjančius savitus sociokultūrinio konteksto nulemtus dalykus. Šiame straipsnyje, remiantis kokybinio tyrimo (atlikto 2006–2009 m.) rezultatais, analizuojami politinės komunikacijos europeizacijos procesai dviejose Baltijos šalyse (Lietuvoje ir Estijoje) – naujosiose ES narėse, jaunos demokratijos valstybėse, apie kurių kontekstą ir patirtis Europos moksliniame diskurse pernelyg mažai žinoma. Tyrimas parodė, kad Baltijos šalyse metams bėgant palaipsniui pradėjo formuotis ne tik tam tikra atskira europinės komunikacijos dimensija, bet ir savita kultūra: galima stebėti, kaip ji paveikė įprastas, nusistovėjusias politikos ir žiniasklaidos santykio praktikas, paskatino institucinės komunikacijos profesionalėjimą. Kita vertus, paaiškėjo, kad persiorientuoti prie labiau formalizuotos bei profesionalios ES politinės komunikacijos kultūros tapo dideliu iššūkiu abiem pusėms – tiek Lietuvos bei Estijos žurnalistams, tiek įvairių nacionalinių institucijų komunikacijos specialistams.Pagrindiniai žodžiai: europeizacija, ES komunikacijos politika, politikos ir žiniasklaidos santykis, politinės komunikacijos kultūra, Baltijos šalys.Europeanization and changing political communication culture in the Baltic statesAušra Vinciūnienė SummaryThis article contributes to expanding the European public sphere research on the Europeanization processes taking place in the new EU member states. It argues that a qualitative shift from the national to the European dimension was, and still is, a great challenge to both societies and political and media actors in Central Eastern Europe.The qualitative research in two Baltic countries – Lithuania and Estonia (in 2006–2009) – has shown that there are some differences in the nature and pace of national (cultural) adaptation of the European perspective in day-to-day political reporting and institutional communication practices as compared with the old member states. The national governments and local institutions show no particular interest (taking into the account a very high support of the EU membership among citizens) and have no financial resources or professional competenc to invest in-to communication on European matters. The study disclosed also the absence of institutionalized “politics–media” relationship among national parties, governments and the media. From the perspective of political institutions, the mass media are an important channel for communication; however, national journalists are regarded by politicians as uncooperative, lacking skills, knowledge and interest in the EU politics. On the other hand, it became obvious that the Baltic media are primarily functioning on commercial logic: they seek to meet the audience demand for entertainment rather than invest into initiating political deliberations, the EU affairs being no exception.Finally, a significant problem is the EU communication policy itself: as the study has revealed, it does not correspond to the realities of the new EU member states where traditions of having consultations with citizens and social groups in the political decision-making process are only in the stage of formation. Still the Commission sees its mission in a more direct involvement with different groups of citizens on educating on what the EU is and how it functions, rather than having a more ambitious goal of communicating and fostering debates and deliberations.


Author(s):  
Mary Canning ◽  
Martin Godfrey ◽  
Dorota Holzer-Zelazewska

Sign in / Sign up

Export Citation Format

Share Document