ROMANIA
The ruling National Coalition for Romania is in strong position ahead of December Parliamentary election, following landslide victory in the June election for the European Parliament
Political stability is key condition for much-needed fiscal consolidation to resume, as Romania remains the only EU state currently under the EC’s Excessive Deficit Procedure
Uninterrupted access to available EU funds is critical to sustaining economic activity and boosting potential growth
BULGARIA
GERB finished 1st in snap Parliamentary election but fell short of absolute majority, seeking now coalition partners to form a Government
Political stability is key to economic growth
Euro adoption to be delayed at least until 2025
CYPRUS
Cyprus’ largest political party, the former ruling right-wing DISY, scored a narrow victory in the European Parliamentary election
Rebalancing of power away from traditional parties continues
The real estate sector continues to overperform, driven by external demand and domestic households’ buy-to-let investments
The real estate market is set to eventually cool down, albeit moderately, on slowing external and domestic demand and strengthened construction activity
APPENDIX:
DETAILED MACROECONOMIC DATA
REGIONAL SNAPSHOT:
MACROECONOMIC INDICATORS
FINANCIAL MARKETS
Countries in Focus in this Issue: Romania, Bulgaria & Cyprus
Αναδυόμενες Αγορές Νοτιοανατολικής Ευρώπης & Μεσογείου: Δισεβδομαδιαία Επισκόπηση 28 Μαΐου - 10 Ιουνίου 2024