All indicators suggest that 2016 will see GDP growth of 1.2% y/y. The bad news is that this minor rise is primarily due to a low comparative base, after two years of contraction. Unfortunately, we don’t see solid evidence that growth will continue. Economic developments will largely depend upon deregulation progress, reform of the judicial system and prosecutorial bodies, and the tax administration and customs services. More about economic perspectives, please, read at our last quarterly report “A Sad Lack of Growth Prospects”. The full report could be obtained through subscription at Global Source (www.globalsourcepartners.com). Trial access is available.