The cover policy for Belarus and Iraq has been improved.
Belarus
Belarus has succeeded in stabilzing its economy and has started important measures to consolidate its budget. Economists forecast an economic growth of 4 %. Furthermore, relations with EU have been improved and the economic cooperation with Austria and western states has been intensified.
Iraq
Securities of other banks than Trade Bank of Iraq are now also accepted for export transactions.
The economic situation has substantially improved in the last years. Inspite of the international financial crisis an economic growth of 5 % was achieved in 2009. As several international creditors have canceled debts, Iraq has now more capacity for national rebuilding.
Nevertheless, the political situation remains unstable in view of the parlament elections to take place in March 2010, the dispute with Iran concerning oil fields and the withdrawal of international forces until 2011.