TURKEY
Domestic political uncertainty is expected to heighten in the coming months
CBRT proceeds unexpectedly with a change in its interest rates for the first time in 13 months
Tourist arrivals decline by 8.5% y-o-y in the first two months of the year
ROMANIA
Banking system moves back “into the black” in FY:16, more than reversing the FY:14 sharp loss
BULGARIA
Profitability of the banking system improves in FY:15, due to lower provisioning and higher pre-provision earnings
SERBIA
Public debt reaches a worrying level (of 76.6% of GDP) in 2015
FYROM
Fiscal performance improves slightly in the first two months of the year, with the 12-month rolling budget deficit narrowing to 3.4% of GDP
Tourist receipts stand at a record high of EUR 240.4mn (2.5% of GDP) in FY:15
Tourist arrivals reach an all-time high of 21.7k in January
ALBANIA
IMF reaches a staff-level agreement on the 7th review of Albania’s Extended Fund Facility
Unemployment rate declines in 2015, for the first time in 3 years
CYPRUS
Fiscal performance improves slightly in January, with the 12-month rolling fiscal deficit easing to 0.4% of GDP
Unemployment rate retreats in 2015, for the first time in 6 years
EGYPT
A negative fiscal performance in the first half of the fiscal year, with the underlying 12-month rolling deficit reaching the unsustainable level of 12.7% of GDP in December
APPENDIX: FINANCIAL MARKETS