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Bulgaria: Disciplined fiscal policy improves ERM II entry outlook

Poland: Polish economy to expand further in 2010; yet, fiscal concerns remain

Romania: End of domestic political deadlock allows the new government to tap international markets with a new Eurobond issue (expected some time in Q1 2010, according to government officials). International organizations resume lending program

Serbia: Unblocking of EU interim trade agreement to bring immediate benefits to Serbian exporters. Central Bank signals more interest rate cuts are on the cards despite depreciation pressures on the Dinar

Turkey: Return to positive GDP growth expected in 2010. Improving external imbalance, successful placement of first 10-year benchmark bond help to ease financing concerns

Ukraine: Persisting political uncertainty weighs on economic outlook