Weekly Report 15-21 March 2016
TURKEY
Turkey and the EU reach an agreement regarding the refugee crisis in exchange for financial aid and political concessions
Fiscal balance improves in the first two months of the year, supported by capital spending restraint and large privatisation proceeds
ROMANIA
Headline inflation declines to a low of -2.7% y-o-y in February, mainly reflecting lower fuel and telecommunication prices
The residential real estate market improves
BULGARIA
Headline inflation declines to -0.5% y-o-y in February, due to lower food and fuel prices
The tourism sector was a drag on FY:15 economic growth for the first time in six years
SERBIA
Pro-Presidential Serbian Progressive Party is set to secure a landslide victory in the April 24th snap parliamentary elections
FYROM
Real GDP growth reaches a 7-year high of 3.7% in FY:15
ALBANIA
The banking sector’s return on average equity (ROAE) reaches an 8-year high in FY:15
CYPRUS
Tourist arrivals rise sharply in the first two months of the year
EGYPT
The CBE proceeds with a sharp hike of its policy rates to contain inflationary pressures and support the domestic currency
Customer deposit growth accelerates to a high of 20.7% y-o-y at end-H1:15/16, supported by the gradual return of confidence
Growth in credit to the private sector reaches an all-time high of 17.5% y-o-y at end-H1:15/16, driven by the retail segment
APPENDIX: FINANCIAL MARKETS