This paper investigates the capital market relations between Euroland and the USA from 1990 until 2006. Formally based on the uncovered interest rate parity (UIP), backward recursive estimations establish a long-run equilibrium between European and US government bond yields. Since the mid-1990s though, cointegration can only be achieved additionally considering the exchange rate. The reason pro...

In this study, an investigation of long-term forecasts relating to the development of the transport sector in Poland is performed, including the ones by 2030 and 2050. Selected transport development forecasts from the perspective of the membership of Poland in the European Union are presented and most of all, from the perspective of national studies. The basement for the review was the prognosi...

The establishment of the European Common Market has involved the free movement not only of capital and goods, but also of persons and services. The principles of free movement also apply to the health care sector, i.e. they allow for the free incorporation of health care providers and the cross-border delivery of services. Since the 1970s, the European Union (EU) has passed numerous regulations...

In the course of the free exchange of goods, services and persons within the European Common Market, the Pneumology Section of the European Union of Monospecialists (UEMS) spent many years in drawing up an inventory of the training programmes for pneumologists in the member countries. There was agreement about the areas of training, but considerable differences existed between member countries ...

In this paper, we examine the scope for international stock portfolio diversification, from the viewpoint of a United States representative investor, in regard to both the Asian and the European stock markets. Our findings indicate that despite correlation style evidence to the contrary, the European stock markets provide a superior long-term diversification opportunity relative to that provide...

This paper aims to give an idea of the policy context in the European Union for lifelong learning, a clear definition of the principle of lifelong learning and an outline of the lifelong learning framework in the European Commission's Communication: making a European area of lifelong learning a reality. The paper provides a case study of one candidate country – Hungary to illustrate how the pri...

Integration of Latvia in the Common European Market and its joining the EU has highlighted new demands to passengers’ transportation – high mobility, inter-modality, comfort observing of passengers’ rights as well as new requirements to the interaction of transport and environment. It is impossible to exercise complete account of all these requirements without a systematic approach and applying...

The restructuring process of electricity markets in Europe started in the late 1990s and is still going on. This process was triggered by the Directive 96/92/EC of the European Parliament and of the Council concerning common rules for the internal market in electricity (EC, 1997). This article will analyse the recent developments in the liberalised Western and Central European electricity marke...