TURKEY
CBRT cuts its overnight lending rate, by 25 bps, to 8.25%
Primary fiscal balance, albeit remaining in surplus, deteriorated slightly in 8M:16
ROMANIA
Headline inflation rises to -0.2% y-o-y in August from -0.8% in July, on the back of higher food and fuel prices
Residential real estate market continues to improve in Q2:16
BULGARIA
Headline inflation declines to -0.3% y-o-y in August from -0.2% in July, on the back of lower food prices
Tourism sector recovers strongly in 7M:16, sustaining economic growth
SERBIA
Headline inflation remains flat at 1.2% y-o-y in August
Monetary policy loosening has likely come to an end
FYROM
Real GDP growth moderates sharply to 2.1% y-o-y in H1:16 from 3.7% y-o-y in FY:15
ALBANIA
Headline inflation has embarked on an upward trend, rising to 2.0% y-o-y in August, due to a deterioration in food and core inflation
Increasing inflationary pressures and risk of overheating strengthen the BoA’s hand to initiate a new cycle of monetary policy tightening
CYPRUS
S&P upgrades Cyprus’ long-term sovereign debt rating by one notch to BB, with a positive outlook
Tourist arrivals rise sharply in 8M:16, benefiting mainly from heightening security concerns in neighbouring competitors
Tourist receipts reach an all-time high of 4.4% of GDP in H1:16
EGYPT
IMF Executive Board to approve the USD 12bn financing programme for Egypt
Unemployment rate declines for a second consecutive year in FY:15/16
Suez Canal receipts remain resilient in FY:15/16, in the face of a slowdown in global trade
APPENDIX: FINANCIAL MARKETS