Thanks a lot for all suggestions guys!
I ended up buying the Castelli Espresso Due jacket is Medium size. I am 168 cm tall(~5'5) with 99cm(39'') chest. The discount was great, reviews promising and fit seemed to be just right. I already have several rides wearing the jacket.
Jacket it is not. It seems like a warm long sleeve jersey. This is a BIG +
The fit is rather tight. Sleeves are rather long, so a large would not fit. I can still fit a baselayer or warm jersey underneath so all is perfect. Could be a bit longer front/back.
Most extreme so far was a ride in -5*C with blowing snow. Flawless with only a baselayer. Really impressed. Zippered vents on both sides are very useful in above 0*C temperatures. I stayed dry and warm in all conditions so far. Does not restrict the movement at all which I was after. I'll keep it short and just say that I like it very much