Weekly Report 12-18 January 2016

TURKEY

The 2015 Budget outperforms its target, despite a sharp deterioration in December

The CBRT remains in a "wait-and-see" mode for an eleventh consecutive month

 

ROMANIA

Headline inflation ends 2015 in negative territory (-0.9% y-o-y), in the wake of the VAT cut on food in June

 

BULGARIA

A sharp drop in fuel prices keeps headline inflation in negative territory in 2015 (-0.4% at year-end)

Retail sales expand in Q4:15, albeit sluggishly, pointing to an improvement in private consumption

 

SERBIA 

PM calls for snap parliamentary elections

Headline inflation rises to 1.5% y-o-y in December, due to a hike in tobacco prices

 

FYROM

Early legislative elections to be held on April 24th

Significant fiscal consolidation in 11M:15, in line with Budget projections

 

ALBANIA

Headline inflation remains broadly flat at 2.0% y-o-y in December

 

CYPRUS

Banking sector reaches breakeven in the first nine months of 2015

Deflation decelerates to -1.2% y-o-y in December from -1.5% a year earlier

 

EGYPT

Headline inflation stabilises at a 5-month high of 11.1% y-o-y in December

Tourist activity hit hard in November, following the terrorist bombing of a Russian plane

 

APPENDIX: FINANCIAL MARKETS

Weekly Report 12-18 January 2016
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