RTTNews - Business outlook for Central and Eastern Europe turned positive for the first time since September 2007, a survey showed Friday.

A survey from the Center for European Economic Research revealed that the ZEW/Erste Group Bank sentiment indicator for Central and Eastern Europe rose 9.9 points to 6 in May. At the same time, the experts' valuation of the current economic situation declined 6.4 to minus 60.4 points.

Meanwhile, inflation forecast for the region remained nearly unchanged, with the indicator reading at minus 44 in May. Respondents expect stock market indices to remain predominantly positive for the coming half year.

The outcomes of the survey for the individual Central and Eastern countries are characterized by optimistic assessments of the financial experts with regard to the economic development on a six month horizon. But indicators for the current situation show analysts' skepticism on the present business conditions.

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