Bi-Weekly Report 7-20 November 2017

 Turkey

A significant narrowing in the underlying current account deficit in 9M:17 was more than offset by a sharp rise in gold imports and an unfavourable energy bill

Turkey rises nine places in the World Bank's Ease of Doing Business Ranking 2018

        

Romania

The NBR narrowed further its interest rate corridor, while maintaining its key rate on hold

Romania fell 4 places to 45th in the World Bank's Ease of Doing Business Ranking 2018

        

Bulgaria

Τhe 4-quarter rolling current account surplus remained at a high of 4.9% of GDP in Q3:17 against 5.3% in Q4:16

Bulgaria falls 3 places to 50th in the World Bank's Ease of Doing Business Ranking 2018

        

Serbia

The IMF reached a staff-level agreement with the authorities on the completion of the 8th and final review of the 3-year EUR 1.1bn precautionary Stand-By Agreement (3% of 2017 GDP)

Serbian competitiveness improved in the World Bank Ease of Doing Business Report for 2018

        

FYROM

Banking sector net earnings declined by 7.5% y-o-y in 9M:17, as a result of elevated NPL provisions due to an adverse political and economic environment

        

Albania

The banking sector's bottom line strengthened markedly on an annual basis in 9M:17, with ROAE returning to double digits

 

Cyprus                                                                                     

Tourist arrivals posted a solid increase of 14.6% y-o-y in 10M:17, despite a slowdown from the main source countries (Russia and the UK)

Banking sector deleveraging slowed in 9M:17, on the back of an increase in new corporate loans

Customer deposits slowed in 9M:17, mainly due to a decline in non-resident deposits

 

Egypt

An MF mission and the Egyptian authorities reach a staff-level agreement on the second review of Egypt's economic reform programme supported by a 3-year USD 12bn IMF Extended Fund Facility

 

Appendix: Financial Markets

Bi-Weekly Report 7-20 November 2017
Download
Close

Contact Us

We are always ready to respond to your requests for information or to answer your questions about our products and services.

Request more information

Please complete the following details so we can provide you the information you need. In case of fraud, please contact our call center directly at 210 484 8484.
Optional custom content that replaces the the entire default content.
back-to-top