Εβδομαδιαία Επισκόπηση 16-22 Φεβρουαρίου 2016
TURKEY
Capital spending restraint and privatisation proceeds prevent a negative fiscal performance in January
The CBRT remains in a “wait-and-see” mode for a twelfth consecutive month
ROMANIA
Real GDP growth remains solid in Q4:15 at 3.7% y-o-y
Headline inflation falls to a record low of -2.1% y-o-y in January, following the 4 pp cut in the standard VAT rate
BULGARIA
Economic growth maintains a strong pace in Q4:15 at 3.1% y-o-y
Headline inflation rises to 0% y-o-y in January from -0.4% in December, solely due to a tax hike on fuel
SERBIA
FX-adjusted customer deposit growth strengthens to a 4-year high of 7.5% in 2015
FX-adjusted credit activity growth accelerates slightly to 2.6% in 2015
FYROM
Tourist arrivals reach an all-time high of 485.5k in 2015
Tourist receipts stand at EUR 220.9mn (2.5% of GDP) in 11M:15
ALBANIA
IMF Executive Board completes the 5th and 6th reviews of Albania’s Extended-Fund Facility
S&P upgrades Albania’s long-term sovereign debt rating to B+
CYPRUS
FY:15 fiscal deficit meets its target, despite higher-than-budgeted interest payments
EGYPT
A negative fiscal performance in the first 5 months of the fiscal year, with the 12-month rolling underlying deficit reaching the unsustainable level of 13.0% of GDP in November
APPENDIX: FINANCIAL MARKETS