However, political crises caused the depreciation of the national currency and added inflationary pressures, analysts say.
The annual inflation stood at 4.7 percent, above the central bank's target, beating analysts' expectation of 0.4 percent.
The contraction in corporate deposits of foreign currencies suggested that the economic activity remains downbeat, Chdesciuc said
The Finance Ministry has tapped about 2.6 billion lei (605 million euros) through the sale of one-year and five-year papers in national currency and attracted about 2.2 billion euros (3.19 billion dollars) from the local market.
EU balance of payment support, low public sector debt levels and long term growth potential supported by EU funds would help the country to compensate the risks of high budget deficit and get out of the recession next year, analysts say.
BELLWETHER
The economies of Poland and the Czech Republic appear to be in a relatively good position, Zhu said. Poland, the largest of the EU's eastern members, enjoyed the best economic situation in the region, Zhu noted.
The Organization for Economic Cooperation and Development (OECD) forecast recently that Poland's economy would grow by 1.4 percent in 2009 and by 2.5 percent in 2010.
The Polish central bank predicted the GDP would be 1.3 percent in 2009, 1.8 percent and 3.2 percent in 2010 and 2011, respectively, which would possibly retain Poland's leading position in the EU.
Polish Economy Minister Waldemar Pawlak said earlier that his country would continue positive economic growth and thus maintain its unique position in the EU.
Data has shown that the country's unemployment rate was controlled at 11-percent level from the previous estimate of 12.8 percent. The exchange rate meanwhile, was kept at the level of one dollar equaling 2.8 zlotys.
Marin Mrowiec, chief economist at Bank Pekao, said Poland's economy managed to stay above water "due to relatively loose 2008 fiscal policy and a relatively smaller export sector."
The quick growth in the coming two years can be credited mainly to investments co-financed by the EU and ongoing preparations for the EURO 2012 soccer championships, according to the OECD.
The Czech Republic had also better recovery prospects than most of the Eastern and Central European countries and would be able to pull out of recession sooner, analysts said.
The Czech Statistic Office announced the country's GDP declined4 percentage points in the third quarter, which was a 0.8 percentage point increase from the previous quarter. Some economists optimistically said the recession has already ended in the country and the recovery would come next year.
Czech's foreign trade surplus reached 17.5 billion crowns (about 1 billion dollars) in October, and 135 billion crowns (7.7 billion dollars) estimated for the whole year, which accounted for3.5 percent of the GDP.
Analysts said the positive figures profited from the improved economy of the EU, especially neighboring Germany.
Despite the positive figures and signals, problems still remain, analysts warned, saying the major troubles are weak industry orders, the difficult fiscal situations of many enterprises, and increasing unemployment.
Special report: Yearender 2009
