Even nations which have implemented serious reform programs, like the Baltic States, could make further improvements.
FORBES: The Triumph Of Good Economics: 'Austere' Baltic States Outgrow Their European Neighbors
Latvia scored lowest of the three Baltic states in the 2012 Index of Economic Freedom.
FORBES: The Triumph Of Good Economics: 'Austere' Baltic States Outgrow Their European Neighbors
Should other countries, such as the Baltic States, eventually be allowed in as well?
The alliance's ability to defend the Baltic states depends almost wholly on American involvement.
They said they were there as part of joint manoeuvres with the Baltic states' armies.
The Baltic states, Hungary and Poland went through costly banking crises in the early 1990s.
Russia is especially concerned about the status of Baltic states Lithuania, Estonia and Latvia.
The Baltic states and Poland are also working on building a new nuclear power plant in Lithuania.
The Irish are in what can only be called a depression, along with the Baltic states and Hungary.
Apart from the Baltic states, Nato on Thursday formally invited Bulgaria, Romania, Slovakia and Slovenia to join the alliance.
The so-called "energy bridge" will be the second to connect the Baltic states to the wider EU electricity network.
In other countries, such as Poland and the Baltic states, it looked different: one occupation gave way to another.
More significantly, it has pushed NATO into agreeing to draw up military contingency plans to defend the Baltic states.
Lithuania has the largest economy of the three Baltic States and suffered a substantial GDP drop in 2008 and 2009.
FORBES: The Triumph Of Good Economics: 'Austere' Baltic States Outgrow Their European Neighbors
He said the cable was just the beginning of integrating the Baltic states more closely into the EU's energy network.
You have probably never heard of Mr Zagars, because he hails from Latvia, the second-biggest of the three tiny Baltic states.
When completed in 2011, that pipeline will connect Russia and Germany through the Baltic Sea, skirting Poland and the Baltic states.
The Baltic States demonstrate that someone in Europe is doing something right.
FORBES: The Triumph Of Good Economics: 'Austere' Baltic States Outgrow Their European Neighbors
Also highly rated are the fellow Baltic States of Estonia and Lithuania.
FORBES: The Triumph Of Good Economics: 'Austere' Baltic States Outgrow Their European Neighbors
The Baltic states pay cash on the nail for their gas, and offer the Russian oil industry its most efficient export routes.
The unusual weather is being caused by high pressure over Greenland and low pressure in the Baltic states, forcing cold winds across Europe.
The three Baltic states, all former members of the Soviet Union, had no connections to the wider European energy grid until this week.
Next is a stopover at a dressing and dyeing company in the U.S., Canada, China, Russia, Europe or one of the Baltic states.
Estonians are fearful that the facility, scheduled to be completed by 1995, will take traffic away from ports located in the Baltic states.
Still, the Baltic states are growing faster than any other part of the EU, more than can be said for the recession-hit Mediterranean.
In some parts of the world, particularly in Eastern Europe and the Baltic states, flat taxes have been cited as a spark for economic growth.
Americans saw it differently, as the most inspiring event in Europe since the fall of the Berlin Wall and the revolt of the Baltic states.
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If not, would the United States support a bid by the Baltic states to obtain observer status at the General Agreement on Tariffs and Trade (GATT)?
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The Baltic states joined the European Union in 2004 and see international projects such as these as leading examples of how member states should co-operate on energy.
For PreussenElektra, globalization means expanding first into the Baltic states.
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