Bi-Weekly Report 26 September-9 October 2017
Turkey
The new Medium-Term Programme aims to maintain economic growth at a high 5.5%
Romania
The NBR signaled its tightening bias by narrowing its interest rate corridor, while keeping its key rate on hold
Romania falls to 68th place in the World Economic Forum's Global Competitiveness Index
Bulgaria
Leading indicators point to solid economic growth in Q3:17, with stronger support from investment
Bulgaria rose to 49th place in the World Economic Forum's Global Competitiveness Index
Serbia
Serbia's competitiveness improved in 2017-18 for a 4th successive year
The fiscal performance improved markedly in 8Μ:17
FYROM
The current account deficit reversed course in Q2:17, narrowing by a sizeable 1.3 pps y-o-y to 0.9% of GDP on the back of strong exports
Headline inflation declined to 1.5% y-o-y in September from its peak of 1.8% in August, but remained well above the end-2016 level of -0.2%
Albania
Albania's competitiveness improved for a 3rd successive year in 2017-18
Economic growth strengthened in H1:17 (up 4.0% y-o-y), on the back of buoyant mining and construction sectors
Cyprus
Positive EC/ECB Post-Programme Review
Cyprus' global competitiveness ranking improved for the first time in 8 years
Egypt
Egypt's global competitiveness ranking improved significantly this year
Customer deposits (FX-adjusted) gained momentum in FY:16/17, underpinned by strengthening confidence in the Egyptian economy and higher EGP remuneration rates
Credit to the private sector (FX-adjusted) accelerated in FY:16/17, supported by ample liquidity for banks, improved asset quality and a strong capital base
Appendix: Financial Markets