Acer has unveiled Liquid Z5 – the successor of the very affordable Liquid Z3. The new Z5 model comes with a bigger 5″ FWVGA TFT display, though it is powered by the same MediaTek MT6572 platform.

The MT6572 is based on a dual-core 1.3GHz Cortex-A7 processor, Mali-400 graphics and 512MB of RAM. It should be enough to power the Android 4.2 Jelly Bean ticking inside the Liquid Z5.

The rest of the specs include a 5MP rear camera with a LED flash, a VGA front facer, 4GB of expandable storage, and a 2,000mAh battery. The Liquid Z5 also offers dual-SIM support, 3G with HSPA+, Bluetooth 3.0, Wi-Fi N, GPS and an FM radio.

The Acer Liquid Z5 will launch in white and gray flavors and will cost as low as €169. The first markets to get the Z5 are Belgium, France, Germany, Luxembourg, the Netherlands, Ukraine and the UK.