• Ministry of Finance is suing CSOB for at least CZK 26.7bn as a compensation value of cleaned IPB Bank which CSOB bought in 2000 for CZK 1. • Fitch Agency improved Slovakia’s outlook from “neutral” to “positive”. According to Fitch, it is probable that Slovakia is going to fulfil criteria for euro adoption in 2009. • According to expectations, Hungarian central bank left interest rates unchanged at 7.75%. There is a possibility of further decline because of uncertainties but this will be cautions and gradual. • According to Jurgen Stark from ECB, exchange rate of euro does not have negative impact on european exporters for the time being. Problems would be caused by significant moves of exchange rates. • Hungarian retail sales in May decreased by 2.8% after 2.5% decline in April.