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Bulgaria: First quarter GDP data signal downside risks to the domestic growth outlook

Poland: Domestic economy on a moderate slowdown

Romania: Risks of fiscal slippage in a period of heightened political uncertainty remain material

Serbia: Fiscal outlook concerns amid increased political jitters

Turkey: Soft landing underway

Ukraine: Economy decelerated in Q1-2012 on weaker export demand

Albania: Economic slowdown ahead; domestic banks’ asset quality deteriorates but capital adequacy improves

FYROM: Fiscal financing secured for 2012 without IMF resources; NBRM tests reveal a healthy and resilient banking system