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CEE Economic Data Outlook for 2008 –2009 Issue 2 A PRODUCT OF UNICREDIT GROUP NEW EUROPE RESEARCH NETWORK

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CEEEconomic Data

Outlook for 2008 –2009Issue 2

A P R O D U C T O F U N I C R E D I T G R O U P N E W E U R O P E R E S E A R C H N E T W O R K

UniCredit Group New Europe Research Network

ImprintPublished by UniCredit Group/Bank Austria Creditanstalt Aktiengesellschafthttp://www.unicreditgroup.euhttp://www.ba-ca.com

Edited by CEE Economics [email protected] Sinhuber, Tel. +43 (0)50505-41964

Produced by BA-CA Public Relations ([email protected]),Tel. +43 (0)50505-56141

Layout: Miriam WeigelFront page: Skibar grafik designPrinted by GutenbergClosing Date: 1st October 2007

DisclaimerThis document (the “Document”) has been prepared by “UniCredit Group”. The Document is for information pur-poses only and is not intended as (i) an offer, or solicitation of an offer, to sell or to buy any financial instrumentand/or (ii) a professional advice in relation to any investment decision. The Document is being distributed by elec-tronic and ordinary mail to professional investors and may not be redistributed, reproduced, disclosed or pub-lished in whole or in part. Information, opinions, estimates and forecasts contained herein have been obtainedfrom or are based upon sources believed by the UniCredit Group to be reliable but no representation or warranty,express or implied, is made and no responsibility, liability and/or indemnification obligation shall be borne by theUniCredit Group vis-à-vis any recipient of the present Document and/or any third party as to the accuracy, com-pleteness and/or correctness of any information contained in the Document. The UniCredit Group is involved inseveral businesses and transactions that may relate directly or indirectly to the content of the Document.Accordingly, the UniCredit Group may hold a position or act as market maker in any financial instrument men-tioned in the Document. Information, which is not reflected in the Document, may therefore be available to per-sons connected with the UniCredit Group. The Document has been approved for distribution in UK by the Londonbranch of UniCredit Banca Mobiliare S.p.A., regulated by the FSA for the conduct of investment business in theUK. It has not been approved for distribution to or for the use of private customers, as defined by the rules of theFSA. The Document may not be distributed in USA, Canada, Japan or Australia.

Debora Revoltella UniCredit CEE Chief Economist Network Coordinator

UniCredit Group, CEE Economic ResearchCarmelina Carluzzo, Matteo Ferrazzi, Hans Holzhacker, Fabio Mucci, Lisa Perrin,Bernhard Sinhuber, Gerd Stiglitz

UniCredit Bulbank, Planning and Control Division, Economic Research UnitKristofor Pavlov, Chief EconomistElena Georgieva, Milen Kasabov, Katerina Topalova

Zagrebacka banka, Macroeconomic ResearchGoran Saravanja, Chief EconomistNenad Golac

Zivnostenska Banka, Financial Markets DivisionPatrik Rozumbersky, Chief Economist

Bank Pekao, Macroeconomic Research OfficeAndrzej Bratkowski, Chief Economist

UniCredit Tiriac Bank, Economic ResearchRozalia Pal, Senior EconomistAnca Mihaela Stoica

UniCredit Bank Slovakia, Macroeconomics & Market AnalysesViliam Patoprsty, Chief AnalystLubomir Korsnak

Yapı Kredi BankasıCevdet Akcay, Chief Economist Ahmet Cimenoglu, Head, StrategicPlanning and ResearchMurat Can Aslak, Eren Ocakverdi,Yelda Yucel,

International Moscow Bank TreasurySergei Alenkin, Valery Inyushin, Sergei Kondrashov, Dimitriy Marushkevich

UniCredit Bank HungaryMárta Bíróné-Szegő, Chief EconomistTibor Nagy

UniCredit Group Research and Strategy Andrea Brasili

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CONTENTS

Bosnia and Herzegovina

Bulgaria

Croatia

Czech Republic

Estonia

Hungary

Latvia

Lithuania

Poland

Romania

Russia

Serbia

Slovakia

Slovenia

Turkey

Ukraine

Eurozone

Austria

Germany

Italy

Bosna i Hercegovina

��������

Hrvatska

âeská republika

Eesti

Magyarország

Latvija

Lietuva

Polska

Romania

����

Srbija

Slovensko

Slovenija

Turkiye

� �����

Euroland

Österreich

Deutschland

Italia

Structural IndicatorsStrukturni pokazatelji

64,589

3.8

Zeljko Komsic

Nikola Spiric

9.8

2,540

36.6

UNICREDIT ZAGREBANCKA BANKAKARDINALA STEPINCA B.B. BH-88 000 MOSTARTEL. (+387 36) 312 112WWW.ZABA.BA

BOSNIA AND HERZEGOVINA

Gross domestic product by economic sectors (in %) 2006Bruto nacionalni prozvod po privrednim sektorima 2006

HVB CENTRAL PROFIT BANKA ZELENIH BERETKI 24BH-71000 SARAJEVOTEL. (+387 33) 222 999WWW.HVB-CPB.BA

PovrÂina (km2)

StanovniÂtvo (u milionima)

Predsjednik

Premijer

BDP (za 2006. godinu, u milijardama EUR)

BDP po glavi stanovnika (BDP za 2006. godinu, u EUR)

Izvoz u % BDP-a (2006)

Area (km2)

Population in mn

President

Prime Minister

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP (2006)

4

Agriculture and forestry Poljoprivreda i Âumarstvo 10.3

Industry Industrija 19.3

Construction Gradevinarstvo 5.0

Services Usluge 65.4

´

^

ˇ

2005 2006 2007 2008 2009

4.3 6.2 6.7 6.5 6.3

– – – – –

10.5 11.2 10.7 10.6 10.3

3.8 7.4 1.8 3.4 3.1

44.1 44.5 44.0 42.5 41.0

2,087 2,687 3,119 3,579 4,090

6,093 6,093 7,414 8,564 9,715

–19.8 –10.7 –16.9 –17.5 –18.0

4.9 3.5 12.0 5.5 6.0

2.4 2.9 2.3 1.9 1.3

57.9 57.1 58.4 59.7 61.2

1.96 1.96 1.96 1.96 1.96

2.25 3.50 4.25 4.25 4.25

27.3 23.2 22.5 16.7 14.7

23.4 28.5 31.9 14.9 13.4

IndicatorsPokazatelji

BOSNA I HERCEGOVINA

Bruto domaci proizvod (realno, godiÂna stopa, u %)

Bruto investicije u osnovna (realno, godiÂna stopa, u %)

Industrijska proizvodnja (realno, godiÂna stopa, u %)

PotroÂaãke cijene (godiÂnji prosjek)

Nezaposlenost (godiÂnji prosjek)

Izvoz robe (u mil. EUR)

Uvoz robe (u mil. EUR)

Tekuci bilans (u % BDP-a)

Direktne strane investicije (priliv u % BDP-a)

BudÏetska ravnoteÏa (u % BDP-a)

Bruto inostrani dug (u % BDP-a)

BAM/EUR (godiÂnji prosjek)

ECB REFI rate (rate stopa)

Ukupni krediti (godiÂna stopa, u %)

Ukupni depoziti (godiÂna stopa, u %)

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment rate (yearly average)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate : BAM/EUR

ECB REFI rate (end of December)

Total Loans (yoy, in %)

Total Deposits, (yoy, in %)

5

NOVA BANJALUCKA BANKAMARIJE BURSAC 7BH-78000 BANJA LUKATEL. (+387 51) 243 200WWW.NOVABLBANKA.COM

^

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UNICREDIT BULBANKSVETA NEDELYA SQ. 7BG–1000 SOFIA

BULGARIA

TEL. (+359 2) 923 2111WWW.UNICREDITBULBANK.BG

Agriculture and forestry ���� � ��� �������� 7.0

Industry ���������� 25.6

Construction ���������� 18.6

Services ������ 48.8

6

Structural Indicators��������� ������

110,994

7.7

Georgy Parvanov

Sergey Stanishev

25.1

3,270

63.6

Gross domestic product by economic sectors (in %) 2006 ����� �������� ������ �� ��������� ������ (� %) 2006

Area (km2)

Population in mn

President

Prime Minister

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP (2006)

��� ( �. �)

��������� � ���.

���������

��������������������

��� (2006, � ����. ���)

��� �� ��� � ����������(2006, � ���)

!��� � % � ��� (2006)

��������

7

2005 2006 2007 2008 2009

6.2 6.1 6.2 6.2 6.0

23.3 17.6 24.6 17.0 13.0

6.7 7.7 11.0 9.5 8.5

5.0 7.3 7.4 5.2 4.1

10.7 9.1 7.3 6.5 6.0

9,466 11,983 14,619 17,396 20,267

13,876 17,373 20,760 23,874 26,739

–12.0 –15.8 –17.6 –16.8 –15.0

14.2 16.4 15.0 13.0 9.5

2.3 3.6 3.0 2.0 2.0

69.0 78.4 81.0 86.0 89.5

1.96 1.96 1.96 1.96 1.96

2.71 3.09 4.24 4.50 4.46

32.3 24.3 46.9 24.2 17.6

31.9 33.8 28.9 24.6 17.9

Indicators�������

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment rate (yearly average)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate : BGN/EUR

1M SOFIBOR avg of Dec

Total Loans (yoy, in %)

Total Deposits (yoy, in %)

����� ��� (���� ����� ����x����� �����, � %)

������ ������"�������� (������ ���� ���������x����� �����, � %)

�������� ��������� (������ ���� ���������x����� �����, � %)

!��� � �� ����"����� ��� #��� (����� �����)

�����"��#� (����� �����)

�� � ���� (� ��� ���)

�� � ��� (� ��� ���)

$� ��� ���� � (� % � ���)

��� � ��&��������� �������#��(���� , � % � ���)

�'�&���� ��*�#�� (–) / ������ (+) (� % � ���)

������ ������ ���� (� % � ���)

������ ������� ���: BGN/EUR

1� �-3N�-, ������ �� �� �����

-"� ������ (���� ����� ����x����� �����, � %)

-"� ������� (���� ����� ����x����� �����, � %)

Structural IndicatorsStrukturni pokazatelji

56,594

4.4

Stjepan Mesic

Ivo Sanader

34.2

7,700

49.6

CROATIA

Gross domestic product by economic sectors (in %) 2006Bruto domaci proizvod po djelatnostima 2006

Agriculture and forestry Poljoprivreda i Âumarstvo 6.2

Industry Industrija 20.5

Construction Gradevinarstvo 5.9

Services Usluge 67.4

Area (km2)

Population in mn

President

Prime Minister

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP (2006)

8

ZAGREBACKA BANKAPAOMLINSKA 2HR–10000 ZAGREB

TEL. (+385 1) 3783 333 WWW.ZABA.HR

¯

PovrÂina (km2)

StanovniÂtvo u mio

Predsjednik republike

Predsjednik vlade

BDP (2006. u mld EUR)

BDP po glavi stanovnika (2006. u EUR)

Izvoz u % BDP (2006)

´

´

2005 2006 2007 2008 2009

4.3 4.8 5.5 4.7 4.4

4.8 10.9 7.5 6.2 6.3

5.1 4.5 5.0 4.3 4.2

3.3 3.2 2.4 2.8 2.5

12.7 11.2 10.2 9.4 8.8

7,217 8,434 9,024 9,629 10,274

14,738 16,798 17,996 19,075 20,220

–6.4 –7.8 –8.3 –7.9 –7.5

4.6 8.3 6.2 4.3 4.4

–4.0 –3.0 –2.6 –2.5 –2.2

82.4 85.3 86.2 86.3 86.2

7.40 7.32 7.34 7.33 7.30

4.30 3.28 4.65 4.60 4.40

20.5 22.5 13.3 12.3 11.7

10.1 16.7 10.1 8.2 7.9

IndicatorsPokazatelji

HRVATSKA

9

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment rate (yearly average)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate : HRK/EUR

1W Zibor, avg

Total Loans (yoy, in %)

Total Deposits (yoy, in %)

Realni BDP (godiÂna stopa, u %)

Investicije u osnovna sredstva (realno, godiÂna stopa, u %

Industrijska proizvodnja (realno, godiÂna stopa, u %)

PotroÂaãke cijene (godiÂnji prosjek)

Nezaposlenost (godiÂnji prosjek)

Izvoz robe (u mio EUR)

Uvoz robe (u mio EUR)

Tekuci raãun (u % BDP)

Izravna inozemna ulaganja (neto priljev, u % BDP)

Proraãunska ravnoteÏa (u % BDP)

Bruto inozemni dug (u % BDP)

Prosjeãni devizni teãaj: HRK/EUR

1TJ ZIBOR, prosjeãno

Ukupni krediti (godiÂna stopa, u %)

Ukupni depoziti (godiÂna stopa, u %)

´

Structural IndicatorsStrukturální ukazatele

78,867

10.3

Václav Klaus

Mirek Topolanek

113.6

11,070

75.9

CZECH REPUBLIC

Gross domestic product by economic sectors (in %) 2006Hrub˘ domácí produkt podle hospodáfisk˘ch sektorÛ 2006

Agriculture and forestry Zemûdûlství a lesnictví 2.7

Industry PrÛmysl 32.3

Construction Stavebnictví 6.8

Services SluÏby 58.2

Area (km2)

Population in mn

President

Prime Minister

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP (2006)

10

HVB BANK CZECH REPUBLIC NAM. REPUBLIKY 3ACZ-110 00 PRAGUE 1

TEL. (+420) 2 2111 2111WWW.HVB.CZ

Rozloha (km2)

Poãet obyvatel v mil.

Prezident

Pfiedseda vlády

HDP (2006, v mld. EUR)

HDP na jednoho obyvatele (2006, v EUR)

V˘voz v % HDP (2006)

2005 2006 2007 2008 2009

6.5 6.4 5.9 4.8 4.5

2.3 7.6 4.5 4.5 6.0

6.7 11.2 9.0 5.5 6.0

1.9 2.5 2.6 4.4 2.8

8.9 8.1 6.6 6.2 6.0

62,738 75,645 87,786 97,348 108,587

60,745 73,238 84,214 93,405 104,420

–1.6 –3.1 –3.5 –3.3 –3.5

9.3 4.2 4.2 5.0 3.8

–3.5 –2.9 –3.5 –3.0 –2.7

38.1 37.8 36.3 35.6 35.3

29.8 28.3 28.0 27.9 27.6

2.00 2.50 3.50 4.25 4.25

14.3 17.4 19.8 15.3 12.8

8.9 8.8 9.4 7.3 6.8

IndicatorsUkazatele

CZECH REPUBLIC

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment rate (yearly average)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate : CZK/EUR

2-week repo rate, eop

Total Loans (yoy, in %)

Total Deposits (yoy, in %)

11

Reáln˘ HDP (meziroãní rÛst, v %)

Tvorba hrubého fixního kapitálu (reálná, meziroãní rÛst, v %)

PrÛmyslová v˘roba (reálná, meziroãní rÛst, v %)

Spotfiebitelské ceny (roãní konec období)

Nezamûstnanost (roãní prÛmûr)

V˘voz zboÏí (v mil. EUR)

Dovoz zboÏí (v mil. EUR)

BûÏn˘ úãet (v % HDP)

Pfiímé zahraniãní investice (pfiiliv, hrubá vyÂe v % HDP)

Bilance rozpoãtu (v % HDP)

Hrubá zahraniãní zadluÏenost (v % HDP)

PrÛmûrn˘ smûnn˘ kurz: Kã/EUR

2-t˘denní repo sazba (konec obodobí)

Celkové úvûry (meziroãní rÛst, v %)

Celková depozita (meziroãní rÛst, v %)

ZIVNOSTENSKÁ BANKANA PRIKOPE 858/20 CZ-113 80 PRAGUE 1

TEL. (+420) 2 2412 1111WWW1.ZIVNOBANKA.CZ

^

Structural IndicatorsStruktuurilised tegurid

45,227

1.3

Toomas Hendrik Ilves

Andrus Ansip

13.2

9,840

78.6

ESTONIA

Gross domestic product by economic sectors (in %) 2006Sisemajanduse koguprodukt majandussektorite lõikes (%) 2006

Agriculture and forestry Põllumajandus ja metsandus 3.2

Industry Tööstus 21.1

Construction Ehitus 8.0

Services Teenindus 67.7

Area (km2)

Population in mn

President

Prime Minister

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP (2006)

12

UNICREDIT BANK ESTONIA BRANCHLIIVALAIA STREET 13/15EST-10118 TALLINN

TEL. (+372) 668 8300WWW.UNICREDITBANK.EE

Pindala (km2)

Rahvastik, mln

President

Peaminister

Sisemajanduse koguprodukt (SKP) (2006 a. mlr EUR)

Sisemajanduse koguprodukt (SKP) elaniku kohta (2006 a. EUR)

Eksport % SKP (2006)

2005 2006 2007 2008 2009

10.5 11.4 8.0 6.7 6.4

12.7 19.7 12.1 8.6 8.5

9.2 7.0 6.9 5.9 5.9

4.1 4.4 6.0 7.0 5.3

7.9 5.9 5.3 4.7 4.0

6,273 7,644 8,505 9,574 10,836

7,762 9,779 11,308 12,270 13,473

–10.3 –14.7 –16.8 –16.0 –14.6

20.9 9.6 12.2 9.5 8.9

2.3 3.8 3.4 1.5 1.0

84.8 94.7 106.2 111.8 115.5

15.65 15.65 15.65 15.65 15.65

2.38 3.16 4.90 5.14 5.07

34.5 41.6 30.3 20.3 15.1

43.4 28.0 27.1 14.7 12.5

IndicatorsTegurid

EESTI

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment rate (yearly average)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, net in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate : EEK/EUR

3M Talibor, eop

Total Loans (yoy, in %)

Total Deposits (yoy, in %)

13

Reaalne SKP (võrreldes eelmise aastaga, %)

Kapitali kogumahutus põhikapital (tegelik, võrreldes eelmise aastaga, %)

Tööstustoodang (tegelik, võrreldes eelmise aastaga, %)

Tarbijahinnaindeks (aasta keskmine)

Töötus (aasta keskmine)

Kauba eksport (mln EUR)

Kauba import (mln EUR)

Jooksevkonto (% SKP)

Välismaised otseinvesteeringud (neto % SKP)

Eelarve tasakaal (% SKP)

Koguvälisvõlg (% SKP)

Keskmine vahetuskurss: EEK/EUR

3 kuu Talibor (aasta lõpu seisuga)

Laenude kogumaht (võrreldes eelmise aastaga, %)

Deposiitide kogumaht (võrreldes eelmise aastaga, %)

Structural IndicatorsAlapadatok

93,033

10.1

László Sólyom

Ferenc Gyurcsány

89.9

8,920

76.9

HUNGARY

Gross domestic product by economic sectors (in %) 2006Bruttó hazai össztermék hozzáadott értéke 2006

Agriculture and forestry Mezogazdaság és erdogazdálkodás 4.1

Industry Ipar 26.1

Construction Építoipar 4.6

Services Szolgáltatások 65.2

Area (km2)

Population in mn

President

Prime Minister

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP (2006)

14

UNICREDIT BANK SZABADSÁG TÉR 5–6H-1054 BUDAPEST

TEL. (+36 1) 269 0812WWW.UNICREDITBANK.HU

´́

´́´́

´́ ´́

Terület (km2)

Népesség (millióban)

Köztársasági elnök

Miniszterelnök

Bruttó hazai össztermék (2006-ban, mrd EUR-ban)

Egy fore eso bruttó hazai össztermék(2006-ban, EUR-ban)

Kivitel a GDP %-ában (2006)

2005 2006 2007 2008 2009

4.1 3.9 2.4 3.1 3.9

5.3 –2.1 3.0 5.5 7.1

7.0 10.1 9.2 6.9 7.8

3.6 3.9 7.6 4.2 3.1

7.2 7.5 7.6 7.3 7.2

50,151 58,428 68,693 76,583 85,773

51,607 58,848 69,159 76,755 85,966

–6.9 –5.8 –4.9 –4.4 –4.1

6.9 5.4 5.9 6.0 5.4

–7.8 –9.2 –6.2 –4.2 –3.8

78.4 89.1 91.0 90.3 89.2

248.1 264.3 252.1 251.0 251.0

6.00 8.00 7.00 6.00 5.00

19.4 18.8 9.0 10.9 11.9

12.4 13.8 2.6 4.8 5.9

IndicatorsGazdasági mutatók

MAGYARORSZÁG

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment rate (yearly average)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, net in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate : HUF/EUR

2-week repo rate, eop

Total Loans (yoy, in %)

Total Deposits (yoy, in %)

15

Reál bruttó hazai össztermék (év/év, %-ban)

Bruttó felhalmozás (reál, év/év, %-ban)

Ipari termelés (reál, év/év, %-ban)

Fogyasztói árindex (éves átlag)

Munkanélküliségi ráta (éves átlag)

Áruexport (millió EUR–ben)

Áruimport (millió EUR–ben)

Folyó fizetési mérleg egyenlege (a GDP %-ában)

Külföldi muködotoke (beáramlás, nettó, a GDP %-ában)

Költségvetési egyenleg (a GDP %-ában)

Bruttó külföldi adósság (a GDP %-ában)

Átlagos árfolyam: HUF/EUR

Kéthetes jegybanki betétkamat

Teljes hitelállomány

Teljes betétállomány

´́ ´́ ´́

Structural IndicatorsStrukturas radıtaji

64,589

2.3

Valdis Zatlers

Aigars Kalvitis

16.0

6,990

43.3

LATVIA

Gross domestic product by economic sectors (in %) 2006IKP pa sektoriem 2006

Agriculture and forestry Lauksaimniecıba un meÏsaimniecıba 4.0

Industry Rupniecıba 15.2

Construction Celtniecıba 6.8

Services Pakalpojumi 74.0

Area (km2)

Population in mn

President

Prime Minister

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP (2006)

16

UNICREDIT BANKELIZABETES IELA 63LV-1050 RIGA

TEL. (+371) 708 5500WWW.UNICREDITBANK.LV

¯Platıba (km2)

Iedzıvotaju skaits. milj.

Prezidente

Premjerministrs

IKP (2006, miljardos EUR)

IKP uz vienu iedzıvotaju (2006, EUR)

Eksports % no IKP (2006)

¯ ¯

¯ ¯

¯ ¯

¯ ¯

¯

¯ ¯¯ ¯

2005 2006 2007 2008 2009

10.6 11.9 10.0 8.0 6.7

23.6 18.3 11.9 9.5 9.4

5.7 4.9 2.5 3.0 4.5

6.7 6.5 8.8 6.5 5.2

8.9 6.8 5.6 5.0 4.9

4,313 4,813 5,976 6,901 7,612

6,753 8,729 11,596 14,015 16,534

–12.6 –21.1 –21.9 –19.6 –17.5

4.5 8.1 6.5 5.0 3.6

–0.2 0.4 0.1 0.2 0.4

99.4 112.8 123.5 125.2 127.1

0.70 0.70 0.70 0.70 0.70

4.00 5.00 6.50 6.00 5.50

63.7 57.3 35.2 24.0 18.8

39.6 43.1 24.5 19.5 16.6

IndicatorsRadıtaji

LATVIJA

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment rate (yearly average)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, net in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate : LVL/EUR

3M Rigibor, eop

Total Loans (yoy, in %)

Total Deposits (yoy, in %)

17

Realais IKP (salıdzinot ar iepriekÂejo gadu, %)

Kopeja pamatkapitala veidoÂanas(reala, salıdzinot ar iepriekÂejo gadu, %)

Rupniecıbas produkcija (reala, salıdzinot ar iepriekÂejo gadu, %)

Paterina cenas (gada videjas)

Bezdarbs (gada videjais)

Preãu eksports (milj. EUR)

Preãu imports (milj. EUR)

TekoÂais konts (% no IKP)

Arvalstu tieÂas investıcijas (iepludums, neto % no IKP)

BudÏeta atlikums (% no IKP)

Kopejais arejais parads (% no IKP)

Videjais valutas mainas kurss: LVL /EUR

3-meneÂu Rigibor likme (perioda beigas)

Kopejie aizdevumi (gada laika, %)

Kopejie noguldıjumi (gada laika, %)

¯

¯¯ ¯ ¯

¯ ¯

¯ ¯

¯ ¯ ¯¯

¯ ¯

¯ ¯ ¯¸

¯ ¯ ¸

- - -

¯ ¯

¯ ¯¯

Structural IndicatorsBendrieji rodikliai

65,301

3.4

Valdas Adamkus

Gediminas Kirkilas

23.7

7,000

59.5

LITHUANIA

Gross domestic product by economic sectors (in %) 2006Bendras vidaus produktas pagal ekonominius sektorius 2006

Agriculture and forestry ˚emes ukis ir miÂkininkyste 5.3

Industry Pramone 26.6

Construction Statyba 8.6

Services Paslaugos 59.4

Area (km2)

Population in mn

President

Prime Minister

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP (2006)

18

UNICREDIT BANKLITHUANIA BRANCHVILNIAUS GATVE 35/3LT-01119 VILNIUS

TEL. (+370 5) 2745 300WWW.UNICREDIT.LT

Plotas (km2)

Gyventoju skaiãius, mln

Prezidentas

Ministras pirmininkas

Bendras vidaus produktas (BVP, 2006, bil. Euras)

BVP tenkantis 1 gyventojui (2006, Euras)

Eksportas % nuo BVP (2006)

¸

˙ ˙

˙

IndicatorsRodikliai

LIETUVA

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment rate (yearly average)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, net in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate : LTL/EUR

3M Vilibor, eop

Total Loans (yoy, in %)

Total Deposits (yoy, in %)

19

BVP (metinis, %)

Bendro pagrindinio kapitalo sudarymas (grynas, metinis, %)

Pramones apimtis (grynas, metinis, %)

Vartojimo prekiu kainos (vidutines metines)

Nedarbo lygis (vidutinis metinis)

Prekiu eksportas (mln. Euras)

Prekiu importas (mln. Euras)

Einamoji saskaita (% lyginant su BVP)

Tiesiogines uÏsienio investicijos (TUI) (grynosiplaukos % nuo BVP)

BiudÏeto balansas (% lyginant su BVP)

Bendra uÏsienio skola (% nuo BVP)

Vidutinis valiutos kursas: LTL/ Euras

3 menesiu Vilibor palukanu norma (procentais, laikotarpio pabaiga)

IÂ viso paskolu (palyginti su tuo paciu laikotarpiupries metus, procentais)

IÂ viso depozitu (palyginti su tuo paciu laikotarpiupries metus, procentais)

˙

˙˙¸

˙¸

¸

¸

¸

¸

¸

¸

2005 2006 2007 2008 2009

7.6 7.5 8.1 7.3 6.9

9.2 11.7 17.9 12.1 9.9

7.1 11.0 11.9 8.9 8.5

2.7 3.8 4.8 5.1 4.5

8.3 5.6 5.0 5.0 5.0

9,490 11,240 12,241 13,355 14,477

11,849 14,546 16,830 19,035 21,262

–7.2 –10.8 –13.4 –11.9 –11.2

4.0 6.0 6.7 5.4 5.4

–0.5 –0.3 –0.2 –0.3 –0.2

51.3 60.7 73.9 78.0 82.0

3.45 3.45 3.45 3.45 3.45

2.53 3.72 5.58 4.91 4.50

62.5 38.1 33.6 23.0 18.3

36.2 23.2 18.9 16.8 15.6ˇ

ˇ

Structural IndicatorsWskazniki strukturalne

POLAND

Gross domestic product by economic sectors (in %) 2006Produkt Krajowy Brutto z podzialem na sektory gospodarki 2006

Agriculture and forestry Rolnictwo i lesnictwo 4.5

Industry Przemysl 24.9

Construction Budownictwo 6.6

Services Uslugi 64.0

Area (km2)

Population in mn

President

Prime Minister

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP (2006)

20

Obszar (km2)

Ludnosã w mln

Prezydent

Premier

Produkt Krajowy Brutto (PKB w 2006 roku, w bln EUR)

PKB na jednego mieszkanca (w 2006 roku, w EUR)

Udzial eksportu w PKB (2006)–

BANK PEKAOUL. GRZYBOWSKA 53/57 PL-00-950 WARSAW

TEL. (+48 42) 6838232WWW.PEKAO.COM.PL

´

´

ı

312,685

38.1

Lech Kaczynski

Jaroslaw Kaczynski

271.5

7,120

40.4

´

´

2005 2006 2007 2008 2009

3.6 6.1 6.6 5.2 4.3

6.5 16.5 19.4 9.9 7.0

3.7 11.3 11.5 7.6 5.8

2.1 1.0 2.4 4.2 2.7

17.6 14.9 11.2 9.6 8.4

77,497 93,231 104,647 113,542 123,760

79,737 97,124 114,168 129,809 142,660

–1.7 –2.3 –3.5 –4.9 –5.2

3.1 4.1 4.0 4.1 4.2

–2.5 –1.7 –3.0 –2.9 –2.8

44.0 45.9 45.3 43.6 41.6

4.03 3.90 3.84 3.85 3.80

4.50 4.00 5.00 5.25 4.50

11.6 22.4 26.6 15.3 12.2

10.5 14.0 11.8 6.6 6.2

IndicatorsWskazniki

POLSKA

21

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment rate (yearly average)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, net in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate : PLN/EUR

Reference rate, eop

Total Loans (yoy, in %)

Total Deposits (yoy, in %)

PKB realny (rok do roku, w %)

Naklady brutto na srodki trwale (realna, rok do roku, w %)

Produkcja sprzedana przemyslu (realna, rok do roku, w %)

Srednioroczne ceny produktów konsumpcyjnych

Bezrobocie (srednie w ciagu roku)

Eksport towarów (w mln EUR)

Import towarów (w mln EUR)

Saldo rachunku biezacego (udzial w PKB w %)

Bezposrednie inwestycje zagraniczne (wplywy netto w % PKB)

Saldo budzetu (w % PKB)

Dlug zagraniczny (w % PKB)

Sredni kurs: PLN do EUR

Stopa podstawowa NBP, koniec okresu

Kredyty ogólem (rok do roku, w %)

Depozyty ogólem (rok do roku, w %)

– –

¸

¯

¸ –

˙

´

´

´

´

´

´

Structural IndicatorsIndicatori de structura

238,391

21.6

Traian Basescu

Calin Popescu Tariceanu

97.2

4,500

32.3

ROMANIA

Gross domestic product by economic sectors (in %) 2006Produsul Intern Brut pe sectoare 2006

Agriculture and forestry Agricultura si silvicultura 9.1

Industry Industrie 27.0

Construction Constructii 7.9

Services Servicii 56.0

Area (km2)

Population in mn

President

Prime Minister

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP (2006)

22

UNICREDIT TIRIAC BANK23–25 GHETARILOR STR. RO-014106 BUCHAREST

TEL. (+40 21) 200 2000WWW.UNICREDITTIRIAC.RO

˘ ˘

ˇ

ˇ

Suprafata (km2)

Populatia, ın mil.

Presedinte

Prim Ministru

PIB (2006, ın mrd. EUR)

PIB / cap de locuitor (2006, ın EUR)

Exporturi ın % din PIB (2006)

ˆ

ˆ

ˆ

ˆ

¸

¸

¸

¸

¸

˘ ˘

˘

2005 2006 2007 2008 2009

4.1 7.7 5.8 5.5 5.0

12.6 16.1 17.7 14.0 12.0

2.0 7.1 5.5 5.0 4.3

9.0 6.6 4.3 4.1 3.9

5.8 5.4 4.3 4.2 4.2

22.255 25,851 29,987 34,035 38,459

30,061 37,609 47,388 55,207 62,935

–8.7 –10.3 –12.8 –12.0 –11.0

6.6 9.3 5.0 4.4 3.9

–0.8 –1.7 –2.5 –2.3 –2.2

31.0 28.5 30.3 31.9 33.8

3.62 3.52 3.34 3.33 3.35

7.50 8.75 7.00 6.50 6.00

43.7 52.0 44.7 24.0 18.5

34.2 28.1 22.8 19.6 17.0

IndicatorsIndicatori

ROMANIA

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment rate (yearly average)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, net in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate: RON/EUR

Policy rate, eop

Total Loans (yoy, in %)

Total Deposits (yoy, in %)

23

PIB real (an curent/an precedent, ın %)

Formarea bruta de capital (reala, an curent/an precedent, ın %)

Productia industriala (reala, an curent/an precedent, ın %)

Preturi de consum (media anuala)

Rata somajului (media anuala)

Exportul de bunuri (ın mil. EUR)

Importul de bunuri (ın mil. EUR)

Cont curent (ın % din PIB)

Investitiile straine directe (net ın % din PIB)

Soldul bugetar (ın % din PIB)

Datoria externa bruta (ın % din PIB)

Cursul mediu de schimb: RON/EUR

Rata dobanzii de politica monetara, la sfarsitul perioadei

Total Credite (an curent/an precedent, ın %)

Total Depozite (an curent/an precedent, ın %)

ˆ

ˆ

ˆ

ˆ

ˆ

ˆ

ˆ

ˆ

ˆ

ˆ

ˆ

ˆ

ˆ

¸

¸

¸

¸

¸

ˇ

˘ ˘

˘

˘

˘

˘

˘ ˘

˘ ˘

˘

Structural Indicators����������� ���������

16,995,800

142.2

Vladimir Putin

Viktor Zubkov

785.0

5,520

33.9

RUSSIA

Gross domestic product by economic sectors (in %) 2006������� ��������� ������ �� �������� ������� 2006

Agriculture and forestry ���4� � � ����� x��5��� 4.2

Industry ���7�������4 25.3

Construction �������4��� 5.1

Services �*��� ����� 65.4

Area (km2)

Population in mn

President

Prime Minister

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP (2006)

24

INTERNATIONAL MOSCOW BANKPRECHISTENSKAYA EMB. 9 RF-119034 MOSCOW

TEL. (+7 095) 258 7200 WWW.IMB.RU

�����4 ( �2)

��������� � ���.

���������

����4��-�������

��� (2006 ., � ���������x 9��

��� �� ���� ��������� (2006 ., � 9��)

-"��� ; ����� � % � ��� (2006)

s

s

2005 2006 2007 2008 2009

6.4 6.7 7.5 6.6 6.0

10.9 13.7 19.0 14.0 11.0

4.0 3.9 7.0 6.5 5.8

12.7 9.7 8.3 7.5 6.7

7.1 6.7 6.2 5.7 5.1

196,305 241,751 244,481 264,706 291,667

100,999 131,000 168,911 201,073 238,414

11.0 9.6 5.2 4.0 2.3

1.7 2.9 3.2 3.1 3.3

7.7 8.4 5.0 3.2 2.7

34.3 30.4 31.5 31.7 31.5

35.2 34.1 35.0 34.5 33.0

6.54 5.71 6.50 5.60 5.50

41.3 46.3 53.9 36.3 27.9

36.5 41.2 50.1 34.2 27.0

Indicators���������

����

25

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment rate (yearly average)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate: RUB/EUR

2-W Mosprime eop

Total Loans (yoy, in %)

Total Deposits (yoy, in %)

���4�75 ��� ��� (%)

���4�75 ��� �������#�5 (%)

���4�75 ��� ���������� (%)

����"����4� �� #��7 (������� �� ��)

�����4 "����"��#7 (������5 �� ��)

-"��� ; ����� (� �������x 9��)

-"��� ������ (� �������x 9��)

���� �� ���x ����#�5 (� % ���)

����7� ��������7� �������#�� (���� , � % ���)

����� "'�&��� (� % ���)

-"��� ������� ���� (� % ���)

������5 ��� RUB/EUR

2-W �����u�

�� ����ı� ������ı, ������ �� �� � %

�� ����ı� �������ı, ������ �� �� � %

YAPI KREDI MOSCOWGONCHARNAYA EMB 2 RF-115172 MOSCOW

TEL. (+7 495) 234 9889WWW.YKB.RU

˘

Structural IndicatorsStrukturalni indikatori

102,713

7.4

Boris Tadic

Vojislav Kostunica

25.2

3,390

27.2

UNICREDIT BANKRAJICEVA 27–29SCG-11000 BELGRADE

SERBIA

Gross domestic product by economic sectors (in %) 2006Bruto nacionalni proizvod po privrednim sektorima 2006

TEL. (+381-11) 3204 500WWW.UNICREDITBANK.CO.YU

Agriculture and forestry Poljoprivreda i Âumarstvo 12.9

Industry Industrija 20.8

Construction Graêevinarstvo 3.5

Services Usluge 62.8

PovrÂina (km2)

StanovniÂtvo (u milionima)

Predsednik

Premijer

Bruto nacionalni proizvod (za 2006. godinu, u milijardama EUR)

Bruto nacionalni proizvod po glavi stanovnika (za 2006. godinu u EUR)

% izvoza u bruto nacionalnom proizvodu (2006)

Area (km2)

Population in mn

President

Prime Minister

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP (2006)

26

2005 2006 2007 2008 2009

6.2 5.7 6.5 6.2 5.9

– – – – –

0.8 4.7 6.0 7.0 7.5

16.5 12.7 6.3 7.1 6.0

20.8 20.9 21.2 20.7 20.3

4,003 5,172 5,921 6,994 7,867

8,264 10,140 11,473 13,436 15,020

–8.5 –11.6 –14.3 –13.2 –11.6

5.9 13.9 6.2 6.3 6.1

1.9 1.5 –0.5 –0.6 –0.9

63.8 55.3 58.7 58.9 59.8

83.20 84.40 80.30 78.25 76.25

19.20 14.00 10.50 10.00 9.00

49.5 15.0 29.2 16.1 14.0

46.9 40.6 30.5 26.6 21.5

IndicatorsIndikatori

SRBIJA

Realni bruto nacionalni proizvod (godina za godinu, u %)

Bruto stalna akumulacija kapitala (realna, godina za godinom, u %)

Industrijski proizvod (realan, godina za godinom, u %)

PotroÂaãke cene (godiÂnji prosek)

Nezaposlenost (godiÂnji prosek)

Izvoz robe (u milionima EUR)

Uvoz robe (u milionima EUR)

Platni bilans (u % bruto nacionalnog proizvoda)

Direktne strane investicije (priliv, u % bruto nacionalnog proizvoda)

Bilans budÏeta (u % bruto nacionalnog proizvoda)

Bruto inostrani dug (u % bruto nacionalnog proizvoda)

Proseãni kurs razmene: CSD/EUR

Medubankarska kamatna stopa (u %, dekurzivno)

Ukupno krediti (na godiÂnjem nivou, u %)

Ukupno depoziti (na godiÂnjem nivou, u %)

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment rate (yearly average)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate: CSD/EUR

Interbank rate, eop

Total Loans (yoy, in %)

Total Deposits (yoy, in %)

27

¯

Structural IndicatorsZákladné údaje

64,589

5.4

Ivan GaÂparoviã

Robert Fico

43.9

8,140

85.6

SLOVAKIA

Gross domestic product by economic sectors (in %) 2006Hrub˘ domáci produkt a hrubá pridaná hodnota v ekonomick˘ch sektoroch 2006

Agriculture and forestryPol’nohospodárstvo a lesné hospodárstvo 3.6

Industry Priemysel 25.4

Construction Stavebníctvo 6.2

Services SluÏby 64.8

Area (km2)

Population in mn

President

Prime Minister

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP (2006)

28

UNICREDIT BANKSANCOVÁ 1/A SK-813 33 BRATISLAVA

TEL. (+42 1) 547 6870WWW.UNICREDITBANK.SK

Rozloha (km2)

Obyvatel’stvo (v mil.)

Prezident

Predseda vlády

HDP (2006 v mld. EUR)

HDP (2006 v EUR) na 1 obyvatel’a

V˘voz v % HDP (2006)

^

2005 2006 2007 2008 2009

6.0 8.3 8.8 7.4 5.9

17.5 7.3 7.4 4.8 5.2

3.9 9.9 11.8 7.5 6.0

2.7 4.5 2.5 2.9 3.4

11.6 10.4 8.3 7.8 7.3

25,743 33,273 43,257 50,415 56,192

27,713 35,733 44,303 50,870 55,882

–8.6 –8.3 –3.9 –2.5 –1.0

4.4 7.6 3.3 4.1 3.9

–2.8 –3.4 –2.9 –2.3 –1.8

58.7 51.7 45.8 42.9 41.5

38.59 37.25 33.70 33.00 EUR

3.00 4.75 4.25 4.25 4.25

23.9 20.0 19.5 17.4 15.5

–1.9 12.2 10.1 8.3 8.2

IndicatorsUkazovatele

SLOVENSKO

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment rate (yearly average)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate: SKK/EUR

2W repo rate, eop

Total Loans (yoy, in %)

Total Deposits (yoy, in %)

29

Reálny HDP (medziroãne, v %)

Tvorba hrubého fixného kapitálu (v stálych cenách,medziroãne, v %)

Priemyselná v˘roba (v stálych cenách, medziroãne, v %)

Spotrebitel’ské ceny (roãn˘ priemer)

Nezamestnanost’ (roãn˘ priemer)

V˘voz tovarov (v mil. EUR)

Dovoz tovarov (v mil. EUR)

BeÏn˘ úãet (v % z HDP)

Priame zahraniãné investície (prílev, netto v % z HDP)

Saldo rozpoãtu (v % z HDP)

Hrubé zahraniãné zadlÏenie (v % z HDP)

Priemern˘ v˘menn˘ kurz (SKK/EUR)

dvojt˘Ïdnová Repo sadzba NBS (koniec obdobia)

Celkové úvery (medziroãne, v %)

Celkové vklady (medziroãne, v %)

Structural IndicatorsStrukturni kazalci

20,273

2.0

Janez DrnovÂek

Janez JanÂa

30.5

15,170

67.5

SLOVENIA

Gross domestic product by economic sectors (in %) 2006Bruto domaãi proizvod po gospodarskih panogah 2006

Agriculture and forestry Kmetijstvo in gozdarstvo 2.6

Industry Industrija 32.4

Construction GradbeniÂtvo 5.9

Services Storitve 60.2

Area (km2)

Population in mn

President

Prime Minister

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP (2006)

30

UNICREDIT BANK SMARTINSKA CESTA 140SI-1000 LJUBLJANA

TEL. (+386 1) 5876 600WWW.UNICREDITBANK.SI

povrÂina (km2)

prebivalstvo v mio

predsednik republike

predsednik vlade

BDP (2006 v mlrd EUR)

BDP na prebivalca (2006 v EUR)

izvoz v % od BDP (2006)

ˇ

2005 2006 2007 2008 2009

4.1 5.7 5.7 5.0 4.7

1.5 11.9 13.0 9.0 8.0

3.3 6.2 7.5 6.9 5.7

2.5 2.5 3.2 2.8 2.3

6.5 6.0 5.0 4.8 4.7

14,599 17,032 18,300 20,000 21,700

15,625 18,153 19,600 21,400 23,200

–1.9 –2.5 –3.0 –2.8 –2.6

1.6 1.0 2.1 1.9 1.6

–1.4 –1.4 –0.6 –1.5 –1.2

69.4 78.5 96.5 100.8 104.7

239.6 239.6 EUR EUR EUR

3.75 3.75 4.25 4.25 4.25

24.2 24.8 27.8 20.4 17.0

9.3 9.2 11.4 9.2 8.1

IndicatorsKazalci

SLOVENIJA

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment rate (yearly average)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate: SIT/EUR

3M Interbank, eop

Total Loans (yoy, in %)

Total Deposits (yoy, in %)

31

realni BDP (v primerjavi s prejÂnjim letom, v %)

investicije v osnovna sredstva (realno, v primerjavis prejÂnjim letom, v %)

industrijska proizvodnja (realno, v primerjavis prejÂnjim letom, v %)

cene Ïivljenjskih potrebÂãin (letno povpreãje)

nezaposlenost (letno povpreãje)

izvoz blaga (v mio EUR)

uvoz blaga (v % od BDP)

tekoãi raãun (v % od BDP)

neposredne tuje naloÏbe (neto priliv, v mio EUR)

proraãunsko ravnoteÏje (v % od BDP)

bruto zadolÏenost v tujini (v % od BDP)

povpreãni menjalni teãaj: SIT/EUR

Obrestna mera refinanciranja

totalna posojila (v primerjavi s prejÂnjim letom, v %)

totalni depoziti (v primerjavi s prejÂnjim letom, v %)

Structural IndicatorsYapisal Gostergeler

780,580

73.0

Abdullah Gül

Recep Tayyip Erdogan

318.5

4,360

29.1

YAPI KREDIYAPI KREDI PLAZA D BLOKTR-80620 ISTANBUL

TURKEY

Gross domestic product by economic sectors (in %) 2006GSYIH, Iktisadi faaliyet kollarina gore (2006, %)

TEL. (+90 212) 339 7000WWW.YAPIKREDI.COM.TR

Agriculture and forestry Tarim 10.3

Industry Sanayi 25.4

Construction Insaat 4.4

Services Hizmetler 60.0

Area (km2)

Population in mn

President

Prime Minister

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP

32

Yuzolcumu (km2)

Nufus (milyon)

Cumhurbaskani

Basbakan

GSYIH (2006, miljar EURO)

Kisi basina GSYIH (2006, EURO)

Ihracat, GSYIH’ye % oran olarak

2005 2006 2007 2008 2009

7.4 6.1 5.0 6.1 6.2

24.0 14.0 8.6 10.0 10.0

5.4 6.0 – – –

8.2 9.6 8.5 6.4 5.3

10.3 9.7 9.3 9.0 8.5

61,832 73,084 82,011 94,090 110,454

88,775 105,030 114,607 131,927 154,541

–6.3 –8.2 –7.2 –7.4 –7.8

2.7 5.0 3.7 3.1 2.7

–1.4 –0.7 –2.5 –2.0 –1.5

46.5 50.4 – – –

1.68 1.81 1.79 1.78 1.82

13.5 17.5 16.5 14.5 12.0

50.7 40.4 23.6 28.2 29.4

27.1 22.1 16.2 19.2 19.6

IndicatorsMakroekonomik senaryo

TURKIYE

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment (in %)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate: YTL/EUR

Reference rate (O/N simple), eop

Total Loans (yoy, in %)

Total Deposits (yoy, in %)

GSYIH, sabit fiyatlarla yillik % degisim

Yatirim, yillik % degisim

Sanayi uretimi (sabit fiyatlarla yillik % degisim)

Enflasyon (TUFE) yillik ortalama

Issizlik (%)

Mal Ihracati (milyon EURO)

Mal Ithalati (milyon EURO)

Cari Islemler Dengesi (% GSYIH)

Dogrudan Yatirimlar (% GSYIH)

Butce Dengesi (% GSYIH)

Brut Dis Borclar (% GSYIH)

Doviz kuru: YTL/EURO, ortalama

MB Borclanma Orani (O/N, basit), donem sonu

Toplam Krediler (yillik % degisim)

Toplam Mevduat (yillik % degisim)

33

Structural Indicators���������i �������

603,700

46.9

Victor Yushchenko

Victor Yanukovich

84.8

1,810

50.0

UKRAINE

Gross domestic product by economic sectors (in %) 2006������ ���������� ������ �� �����!" �������� (� %) 2006

Agriculture and forestry�=�4�4 � ��������� �� �=���#�� 7.7

Industry �������=��4 24.9

Construction ���=���#�� 4.4

Services ������ 63.0

Area (km2)

Population in mn

President

Prime Minister

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP (2006)

34

���� ( �2)

��������� � ���.

���������

����’>�-�=�=���

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��� �� ���� ���������(� 2006 �. � >��)

9 ���� � % �=� ��� (2006 �.)

UNICREDIT BANK 14, D. GALITSKOGO ST. UA-43016 LUTSK

TEL. (+380 332) 776 210WWW.UNICREDIT.COM.UA

���4��5 ��� (��=�� �� �= , � %)

����=�� ����� ��=����(����4��5, ��=�� �� �= , � %)

-"��� �������� ���"��#��� (����4��5, ��=�� �� �= , � %)

��&���= #=�� (� ������4�� �� �= )

����"=��� (� ������4�� �� �= )

9 ���� ����=� (���. >��)

?���� ����=� (���. >��)

������ �����x �����&=� (� % �=� ���)

����= =�����= =������#=� (� % �=� ���)

������ "'�&��� (� % �=� ���)

@��=��=5 "�� (� % �=� ���)

������=5 ��� "�=��: ������/>��

A������� ���� � (�� � �=��= �, =��#4 ���=��, � %)

�� ���= ��5�� (��=�� �� �= , � %)

�� ���= "�� =��4 = � ���� (��=�� �� �= , � %)

2005 2006 2007 2008 2009

2.7 7.1 7.2 5.6 5.1

3.9 18.7 17.5 7.9 7.2

3.1 6.2 10.3 7.9 8.2

13.5 9.1 11.9 10.4 7.7

7.2 6.8 6.5 6.2 6.0

28,152 31,020 36,820 41,080 46,755

29,064 35,157 42,820 50,075 57,885

2.9 –1.5 –3.4 –5.5 –6.2

8.8 5.0 3.4 4.8 4.7

–2.0 –0.7 –3.0 –4.0 –3.5

48.3 49.9 50.0 49.4 47.9

6.39 6.34 6.76 6.77 6.67

9.2 8.9 8.2 8.1 8.0

61.8 71.0 66.6 35.1 25.0

60.0 38.8 39.7 32.7 24.5

Indicators�������

������

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment rate (yearly average)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate: UAH/EUR

Interest rate (benchmark, end of period, in %)

Total Loans (yoy, in %)

Total Deposits (yoy, in %)

35

Structural IndicatorsStrukturindikatoren

2,520,000

311

8,403

27,020

40.2

EUROZONE

Gross domestic product by economic sectors 2006Bruttoinlandsprodukt nach Wirtschaftssektoren 2006

Agriculture and forestry Land- und Forstwirtschaft 2.0

Industry Industrie 20.3

Construction Bauwirtschaft 6.4

Services Dienstleistungen 71.2

Fläche (km2)

Bevölkerung in Mio.

BIP (2006 in Mrd. EUR)

BIP pro Kopf (2006 in EUR)

Exporte in % des BIP

Area (km2)

Population in mn

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP

36

EUROLAND

37

2005 2006 2007 2008 2009

1.5 2.8 2.4 2.0 1.8

2.6 5.0 7.0 3.4 2.7

1.3 4.0 3.5 2.6 2.1

2.2 2.2 1.9 1.8 1.7

8.6 7.9 7.0 6.9 6.7

2,370,936 2,641,620 – – –

2,283,240 2,581,772 – – –

– – – – –

– – – – –

–2.5 –1.6 –1.3 –1.2 –1.2

– – – – –

1.24 1.26 1.36 1.36 1.32

2.25 3.50 4.25 4.25 4.25

8.9 9.4 9.0 – –

8.6 8.9 10.0 – –

IndicatorsIndikatoren

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment rate (yearly average)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate: USD/EUR

ECB Refi rate (end of period, in %)

Total Loans (yoy, in %)

Total Deposits (yoy, in %)

Reales BIP (Veränderung zum Vorjahr in %)

Bruttoanlageinvestitionen (real,Veränderung zum Vorjahr in %)

Industrieproduktion (real, Veränderung zum Vorjahr in %)

Verbraucherpreisentwicklung(Jahresdurchschnitt)

Arbeitslosenquote (Jahresdurchschnitt)

Warenexporte (in Mio. Euro)

Warenimporte (in Mio. Euro)

Leistungsbilanzsaldo (in % des BIP)

Ausländische Direktinvestitionen (Zuflüsse, % des BIP)

Budgetsaldo (in % des BIP)

Bruttoauslandsverschuldung (in % des BIP)

Wechselkurs (Jahresdurchschnitt): USD/EUR

Refinanzierungstender, Jahresendwert

Kredite gesamt (Veränderung zum Vorjahr in %)

Einlagen gesamt (Veränderung zum Vorjahr in %)

Structural IndicatorsStrukturindikatoren

83,871

8.3

Heinz Fischer

Alfred Gusenbauer

257.9

31,140

52.6

BANK AUSTRIA CREDITANSTALTAM HOF 2A-1010 VIENNA

AUSTRIA

Gross domestic product by economic sectors 2006Bruttoinlandsprodukt nach Wirtschaftssektoren 2006

TEL. +43 (0) 50505 0WWW.BA-CA.COM

Agriculture and forestry Land- und Forstwirtschaft 1.7

Industry Industrie 23.0

Construction Bauwirtschaft 7.7

Services Dienstleistungen 67.6

Fläche (km2)

Bevölkerung in Mio.

Präsident

Bundeskanzler

BIP (2006 in Mrd. EUR)

BIP pro Kopf (2006 in EUR)

Exporte in % des BIP

Area (km2)

Population in mn

President

Prime Minister

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP

38

2005 2006 2007 2008 2009

2.0 3.3 3.3 2.3 2.0

0.3 4.1 5.0 2.8 2.5

4.4 8.4 6.0 4.5 4.5

2.3 1.5 1.6 1.8 1.8

5.2 4.8 4.3 4.1 4.0

93,002 100,335 105,954 109,133 112,734

90,374 95,361 99,843 104,137 108,302

2.1 3.2 3.1 2.9 2.9

2.8 0.0 1.1 1.2 1.7

–1.6 –1.1 –0.8 –0.7 –0.5

214.2 189.4 195.2 201.7 207.8

1.24 1.26 1.36 1.36 1.32

2.25 3.50 4.25 4.25 4.25

5.7 5.8 2.8 4.2 3.5

5.7 4.8 5.8 4.2 3.4

ÖSTERREICH

39

IndicatorsIndikatoren

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment rate (yearly average)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate: USD/EUR

ECB Refi rate (end of period, in %)

Total Loans (yoy, in %)

Total Deposits (yoy, in %)

Reales BIP (Veränderung zum Vorjahr in %)

Bruttoanlageinvestitionen (real,Veränderung zum Vorjahr in %)

Industrieproduktion (real, Veränderung zum Vorjahr in %)

Verbraucherpreisentwicklung (Jahresdurchschnitt)

Arbeitslosenquote (Jahresdurchschnitt)

Warenexporte (in Mio. Euro)

Warenimporte (in Mio. Euro)

Leistungsbilanzsaldo (in % des BIP)

Ausländische Direktinvestitionen(Zuflüsse, in % des BIP)

Budgetsaldo (in % des BIP)

Bruttoauslandsverschuldung (in % des BIP)

Wechselkurs (Jahresdurchschnitt): USD/EUR

Refinanzierungstender, Jahresendwert

Kredite gesamt (Veränderung zum Vorjahr in %)

Einlagen gesamt (Veränderung zum Vorjahr in %)

Structural IndicatorsStrukturindikatoren

4040

357,093

82.4

Horst Köhler

Angela Merkel

2,322

28,180

45.1

HYPOVEREINSBANK AM TUCHERPARK 12 D-80538 MÜNCHEN

GERMANY

Gross domestic product by economic sectors 2006Bruttoinlandsprodukt nach Wirtschaftssektoren 2006

TEL: (+49 89) 378 0 WWW.HYPOVEREINSBANK.DE

Agriculture and forestry Land- und Forstwirtschaft 1.0

Industry Industrie 26.0

Construction Bauwirtschaft 4.0

Services Dienstleistungen 69.1

40

Area (km2)

Population in mn

President

Prime Minister

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP (2006)

Fläche (km2)

Bevölkerung in Mio.

Präsident

Bundeskanzler

BIP (2006 in Mrd. EUR)

BIP pro Kopf (2006 in EUR)

Exporte in % des BIP (2006)

DEUTSCHLAND

41

2005 2006 2007 2008 2009

0.8 2.9 2.4 1.8 1.5

6.0 8.9 9.6 3.1 3.1

2.8 6.0 6.2 4.4 3.0

2.0 1.7 1.8 1.6 1.6

11.7 10.8 9.0 8.1 7.7

794,490 908,460 990,221 1,049,635 1,107,365

639,020 745,900 807,064 855,488 905,106

4.6 5.0 5.2 5.0 4.8

1.2 3.0 2.3 2.1 1.9

–3.2 –1.7 –1.4 –1.3 –1.2

– – – – –

1.24 1.26 1.36 1.36 1.32

2.25 3.50 4.25 4.25 4.25

–0.4 –0.1 –0.4 0.7 0.9

3.5 5.2 5.5 5.3 5.0

IndicatorsIndikatoren

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment rate (yearly average)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate: USD/EUR

ECB Refi rate (end of period, in %)

Total Loans (yoy, in %)

Total Deposits (yoy, in %)

Reales BIP (Veränderung zum Vorjahr in %)

Bruttoanlageinvestitionen (real,Veränderung zum Vorjahr in %)

Industrieproduktion (real, Veränderung zum Vorjahr in %)

Verbraucherpreisentwicklung(Jahresdurchschnitt)

Arbeitslosenquote (Jahresdurchschnitt)

Warenexporte (in Mio. Euro)

Warenimporte (in Mio. Euro)

Leistungsbilanzsaldo (in % des BIP)

Ausländische Direktinvestitionen (Zuflüsse, in % des BIP)

Budgetsaldo (in % des BIP)

Bruttoauslandsverschuldung (in % des BIP)

Wechselkurs (Jahresdurchschnitt): USD/EUR

Refinanzierungstender, Jahresendwert

Kredite gesamt (Veränderung zum Vorjahr in %)

Einlagen gesamt (Veränderung zum Vorjahr in %)

4242

Structural IndicatorsIndicatori strutturali

301,336

58.5

Giorgio Napolitano

Romano Prodi

1,477

25,240

27.8

UNICREDIT GROUP VIA S. PROTASO 3 I-20121 MILAN

ITALY

Gross domestic product by economic sectors 2006PIL per settori produttivi (in %) 2006

TEL: (+39 02) 88621 WWW.UNICREDITGROUP.EU

Agriculture and forestry Agricoltura 2.4

Industry Industria 20.4

Construction Construzioni 6.1

Services Servizi 71.2

Area (km quadrati)

Popolazione in milioni

Presidente della Repubblica

Presidente del Consiglio

PIL (2006, in mld di euro)

PIL pro capite

Esportazioni (in % del PIL)

Area (km2)

Population in mn

President

Prime Minister

GDP (2006 in EUR bn)

Per capita GDP (2006 in EUR)

Exports in % of GDP

42

2005 2006 2007 2008 2009

0.1 1.9 1.8 1.7 1.4

–0.5 2.3 3.1 2.8 1.7

–0.4 2.6 1.6 1.4 1.3

2.0 2.1 1.7 1.6 1.6

7.7 6.8 6.0 5.7 5.6

299,090 331,479 348,053 367,195 385,188

298,709 341,129 354,774 373,223 389,271

–1.5 –2.4 –1.8 –1.7 –1.7

1.1 1.3 1.6 1.3 1.4

–4.2 –4.4 –2.1 –1.8 –1.7

– – – – –

1.24 1.26 1.36 1.36 1.32

2.25 3.50 4.25 4.25 4.25

8.8 10.9 8.5 6.1 5.6

7.5 5.2 5.5 4.3 3.5

ITALIA

43

IndicatorsScenario macroeconomico

GDP real (yoy, in %)

Gross fixed capital formation (real, yoy, %)

Industrial output (real, yoy, in %)

Consumer prices (yearly average)

Unemployment rate (yearly average)

Merchandise exports (in EUR mn)

Merchandise imports (in EUR mn)

Current account (in % of GDP)

FDI (inflow, in % of GDP)

Budget balance (in % of GDP)

Gross foreign debt (in % of GDP)

Average exchange rate: USD/EUR

ECB Refi rate (end of period, in %)

Total Loans (yoy, in %)

Total Deposits (yoy, in %)

PIL reale (var. % a/a)

Investimenti (reali, var. % a/a)

Produzione industriale (reale, var. %, a/a)

Inflazione, prezzi al consumo (media annua)

Tasso di disoccupazione (media annua)

Esportazione di manufatti (mln EUR)

Importazioni di manufatti (mln EUR)

Saldo di parte corrente/PIL (%)

IDE / PIL (%)

Saldo bilancio pubblico/PIL (%)

Debito estero/PIL (in %)

Tasso di cambio medio: USD/EUR

Tasso di interesse (fine periodo, %)

Totale Impieghi (var. %, a/a)

Totale Depositi (var. %, a/a)

44

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