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Bi-Weekly Report 14-27 May 2019

30/05/2019 - Reports

Southeastern Europe and Mediterranean Emerging Market Economies; --Weekly Report

ROMANIA

Increased pressure on the Government following the defeat of the PSD in the European Parliamentary elections, together with the jail sentence of its leader on grounds of corruption

The NBR maintains its key rate unchanged at 2.5%

 

BULGARIA

The ruling GERB party wins the European Parliamentary elections, amid corruption scandals

Lending activity remained strong in Q1:19, supported by easier credit standards

Deposit growth strengthened in Q1:19, in line with solid economic growth

 

SERBIA

The IMF reached a staff-level agreement with the Serbian authorities on the completion of the 2nd review of the 30- month (non-financing) Policy Coordination Instrument (PCI)

The unemployment rate declined for a 6th successive year to a historical low of 12.7% in FY:18 (below its pre-crisis level)

 

ALBANIA

The banking sector’s bottom line improved slightly on an annual basis in Q1:19, with ROAE remaining in double digits

 

APPENDIX: FINANCIAL MARKETS