The Parliament approved the State Budget Law for 2016 and amendments to the Tax Code. The changes are not likely to impact substantially our macroeconomic forecast for 2016 as they were partially already incorporated into the forecast. Some changes will have more impact for economic development in the medium run. Real GDP is expected to grow by 2% next year if our major assumptions hold. In particular, we assume that the IMF Program will continue and Parliament will continue implementing agreed reforms.