Εβδομαδιαία Επισκόπηση 6 - 12 Σεπτεμβρίου 2016

TURKEY

GDP growth declines to 3.1% y-o-y in Q2:16 from 4.7% in Q1:16

External rebalancing continues in 7M:16, reflecting a still favourable energy bill

 

ROMANIA

Real GDP growth reaches a post-crisis high of 6.0% y-o-y in Q2:16

 

BULGARIA 

Economic growth maintains momentum in Q2:16 (up 2.9% y-o-y)

 

SERBIA

Profitability of the banking system improves significantly in Q1:16

 

FYROM

Profitability of the banking sector deteriorates slightly in Q2:16, due to higher provisioning

 

ALBANIA 

IMF Executive Board approves the 8th review of Albania’s Extended- Fund Facility

Parliamentary approval of the vetting bill -- key to the implementation of the country’s judiciary reform -- increases the country’s chances of opening EU accession talks

 

CYPRUS

Real GDP growth reaches a 7½-year high of 2.9% y-o-y in Q2:16

 

EGYPT

Headline inflation rises sharply by 1.5 pps to 15.5% y-o-y between July and August, due to higher core inflation and a significant adjustment in regulated electricity prices

CBE to proceed with measured hikes of its policy rates by end- H1:16/17, in an effort to contain the sharp economic slowdown

 

APPENDIX: FINANCIAL MARKETS

Εβδομαδιαία Επισκόπηση 6 - 12 Σεπτεμβρίου 2016
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