TURKEY
Headline inflation declines by 0.7 pps to 7.3% y-o-y between August and September, due to favourable food prices and lower core inflation
Russia resumes charter flights to Turkey, which should ease the pace of decline in tourist arrivals (-31.8% y-o-y in the first eight months of the year)
ROMANIA
NBR keeps rates unchanged, but reduces further its minimum reserve requirement rate on FX liabilities
Romania falls to 62nd place in the World Economic Forum’s Global Competitiveness Index
BULGARIA
Energy company, NEK, receives state aid
Higher tax revenue and lower capital spending push the 12-month rolling budget into a 7-year high surplus of 0.3% of GDP in August from a deficit of 2.9% of GDP at end-2015
SERBIA
Fiscal performance improves markedly in 8M:16, with the 12-month rolling deficit narrowing to an 8-year low of 2.4% of GDP in August from 3.8% of GDP at end-2015
FYROM
The 12-month rolling budget deficit narrows significantly to 2.8% of GDP in August from 3.5% in December
FYROM’s competitiveness deteriorates in 2016-17
ALBANIA
Albania’s electricity generation rises significantly in H1:16, as a result of abundant rainfall
Strong implementation of the electricity sector reform brings about impressive results
CYPRUS
Banking sector bottom line remains broadly unchanged on an annual basis in H1:16
EGYPT
Customer deposits up 18.5% in FY:15/16, supported by the return of confidence
Credit to the private sector up 14.2% in FY:15/16, on the back of improving loan demand and supply
Egypt’s competitiveness remains broadly unchanged in 2016-17
APPENDIX: FINANCIAL MARKETS