climate and expect the SEE-7 to return to higher growth by the year 2010. Inflation has calmed down, but it is still a matter …. Inflation calms down The whole region was hit by the external price shock that swiftly resulted in a rapid surge in domestic … restricting production. Authorities in the countries of Central, East and Southeast Europe seem to be taking the current inflation …

. Macroeconomic stability will be maintained, though inflation is picking up; and is a serious problem in Serbia and Romania …. Inflation is a major concern in Turkey, as is macroeconomic stability more fundamentally. At the end of 2006 it should be …, inflation is expected to remain in double digits. The new government is likely to be less inclined to implement liberal reforms …

nowadays much sounder than in the past (Hungary being temporarily an exception). The rates of inflation are quite low and … growing external borrowing, possibly associated with the growing presence of foreign banks. Inflation apart, the country …

stability indicators – inflation, current account status and fiscal balance – reveal a more differentiated and less favourable … Slovakia does very high growth seem to be sustainable at least over the next two years. Inflation will remain relatively low …

down from about 6% in 2007 to some 5% per year over the period 2008 2010. Inflation will gradually decline, yet in most NMS …