Δισεβδομαδιαία Επισκόπηση 18 Απριλίου-1 Μαίου 2017
Turkey
The CBRT proceeded with a further 50 bp hike to its main monetary policy instrument
Fiscal easing improved in Q1:17, ahead of the mid-April referendum
Romania
Credit expansion picked up slightly in Q1:17, but remains relatively moderate
Deposit growth maintained its strong momentum in Q1:17, underpinned by strong economic activity
The real estate market continued to improve in Q1:17
Bulgaria
A weak coalition emerged from the March 26th parliamentary elections
Credit expansion strengthened in Q1:17
Customer deposits gained momentum in Q1:17, due to solid economic growth
Serbia
External rebalancing continued in FY:16, with the current account deficit easing to a multi-year low of 4.0%, supported by favourable energy prices and buoyant exports
FYROM
The political crisis took a turn for the worse in the form of "goon" intimidation tactics within the Parliament chamber
The fiscal deficit narrowed to 2.3% of GDP in Q1:17 from 2.6% in Q4:16, on a 4-quarter rolling basis
Customer deposit growth slowed further in Q1:17 as the domestic political impasse enters its third year
Albania
European Parliament mediation failed to end the domestic political deadlock
The current account deficit narrowed to a 10-year low of 9.5% of GDP in FY:16, mainly due to strong tourism inflows
Cyprus
Tourism activity declined slightly in Q1:17, due to increasing competition from neighbouring Egypt
Customer deposits gained momentum in Q1:17, mainly supported by non-residents
Egypt
Significant fiscal consolidation in the first seven months of the fiscal year, mainly due to a favourable wage bill
Appendix: Financial Markets