Δισεβδομαδιαία Επισκόπηση 14 – 27 Ιουλίου 2020
BULGARIA
Bulgaria enters the Exchange Rate Mechanism II (ERM-II), a precursor to adopting the euro
Albeit starting from a good position, Bulgaria is set to face challenges in its path towards euro adoption
NORTH MACEDONIA
A “razor-thin” result in the Parliamentary elections fails to end political uncertainty
CYPRUS
Adjusted for the deterioration in the ship trade balance, the current account deficit remained broadly flat at 5.6% of GDP on a 4-quarter rolling basis in Q1:20
Following an unprecedented drop in H1:20 due to COVID-19, tourist arrivals are set to recover in the period ahead, yet lagging far behind the levels of previous years
APPENDIX: FINANCIAL MARKETS