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Romania and Turkey are gaining momentum, projecting positive growth in H2 2013. Eastern Europe is expected to grow at an average annual rate of 2.2 percent in 2013, with the automotive sector being the key for growth. Hungary and Turkey have completed their debt repayments to the IMF, while Ukraine is in the process of completing it. The region is witnessing a mix of policies, from extreme fiscal measures in Hungary and Poland to relaxation measures in the Czech Republic. Turkey and Ukraine remain highly vulnerable to external shocks, due to their excessive dependence on external debt financing.