Weekly Report 1 - 7 November 2016

Turkey                                                                                     

Headline inflation declines to 7.2% y-o-y in October from 7.3% in September

The pace of decline in tourist arrivals eased significantly following the resumption of Russian charter flights to Turkey in early-September

        

Romania

The NBR maintains its key interest rate on hold

Romania fell 1 place to 36th in the World Bank's Ease of Doing Business Ranking 2017

        

Bulgaria

The surprise win of the opposition candidate in the first round of the Presidential elections increases political uncertainty

Bulgaria falls 2 places to 39th in the World Bank's Ease of Doing Business Ranking

        

Serbia

The IMF reaches a staff-level agreement with the authorities on the 6th review of the ongoing 3-year EUR 1.2bn precautionary SBA

Serbian competitiveness improves in the annual World Bank Ease of Doing Business Report for 2017

           

FYROM

The 12-month rolling budget deficit narrows significantly to 2.5% of GDP in September, mainly due to postponed spending

FYROM rises to 10th place in the World Bank's Ease of Doing Business Ranking

        

Albania

The EC grants Albania a conditional recommendation to open EU accession talks

An IMF mission reaches an agreement with the authorities on the 2017 fiscal package

Albania's competitiveness improves markedly in the World Bank  Doing Business Report 2017

 

Cyprus                                                                                     

Growth in customer deposits improves in September

Banking sector deleveraging accelerates in September

Cyprus deteriorates in the 2017 Ease of Doing Business Ranking

        

Egypt

The IMF Executive Board set to approve a USD 12bn financing programme for Egypt

Egypt rises in the 2017 Ease of Doing Business Ranking

 

Appendix: Financial Markets

Weekly Report 1 - 7 November 2016
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