Weekly Report 23 - 29 August 2016

TURKEY

Banking sector bottom line reaches a high in Q2:16, mainly due to higher gains from non-core activities

 

ROMANIA

NBR remains on hold, despite the subdued inflation outlook

 

BULGARIA

Asset Quality Review and stress tests confirm the strength of the banking system

Profitability of the banking system improves sharply in Q2:16

 

SERBIA

A new pro-EU coalition Government took office on August 11th

 

FYROM

Fitch downgrades FYROM’s long-term sovereign debt rating by one notch to BB (two notches below investment grade) with a negative outlook

Fiscal performance is set to deteriorate significantly during the remainder of the year, pushing the FY:16 budget deficit to a 2-year high of 4.2% of GDP

 

ALBANIA

Significant fiscal consolidation in 7M:16 -- 1.3% of GDP on a 12- month rolling basis -- due to a strong tax revenue performance as well as expenditure restraint

 

CYPRUS

Cyprus successfully taps international markets

Tourist arrivals exceed the 1.7mn mark in 7M:16, mainly due to heightening security concerns in neighbouring competitors

 

EGYPT

Egypt signs a preliminary agreement for a USD 12bn IMF lending programme

 

APPENDIX: FINANCIAL MARKETS

Weekly Report 23 - 29 August 2016
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