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ladies and gentlemans uh welcome at the central bank this this has become a tradition that the ebrd transition document is launched in our venue and we have a pleasure to have us deputy chief economist from the ebrd that will talk about the new report that in my opinion seems to be very pessimistic in in in its findings uh and thats why i believe the discussion will be very very hot given given the opinions expressed by by the authors um our agenda is is as follow that that that after my my introduction i will i will ask um andrey rajko a member of the board to have like openary remarks after that we will have we will have um presentation of the report and after that presentation we plan to have a session with q a and after that we invite everybody for lunch so andre the floors is for you thank you very much so so i have a great opportunity and of course a pleasure to discuss today the years transition report which has a very stimulating title stuck in transition and if you read thi