• GDP growth expanded by 0.9% in 2013 up from 0.6% in 2012 supported enitrely by net exports • The external position of the country continued to improve in 2013 • The risk of deflation casts shadows on the growth outlook improvement in 2014• Structural reforms are urgently required to boost the medium term growth prospects • Under the projected growth differentials with EU, full income convergence will be achieved in four decades