The studies in this volume draw on recent research in Translation Studies to present arguments for promising new directions in theory and analysis. Part one includes contributions related directly to the theory of translation, while part two contains studies that focus on the analysis of particular translation where the languages in focus are English, Finnish, Russian, French and Hungarian. The papers related to the theory of translation centre around the models and paradigms of Translation Studies, translation strategies, typology, the notion of equivalence, explicitation, issues of terminology and translator training. The empirical studies that report on the findings of translation analyses deal, among others, with research on translation universals, hermeneutics, the phenomenon of tautology, explicitation and Machine Translation.