Financial crises

World Bank Raised Economic Growth Projections for Bulgaria

In a report, published last night, the World Bank raises the 2018 economic growth forecast of Bulgaria from 3 to 3.6 percent, BNR reported.

For this and for next year, the World Bank is also raising its forecast - a 3 percent growth rate for 2020, and 3.1 percent for 2021. In June last year its growth forecast was 2.8 percent for both years. 

Greece retains negative yield in first debt auction of year

Greece has raised 487.5 million euros ($544.4 million) in a treasury bill sale that saw the country maintain its negative interest rate in the first debt auction of the year as the debt-strapped country attempts to regain full market access.

The Public Debt Management Agency said the 13-week T-bills were auctioned Wednesday at a yield of -0.08 percent.

Fighting inflation to be Turkey's top agenda in 2020, minister says

Turkey will stabilize the inflation rate at single digits by improving competition in goods and services markets and enhancing production, the country's treasury and finance minister said Jan. 3.

"Fight against inflation will be our top agenda in 2020," Berat Albayrak said on Twitter, underlining the year-end inflation rate was below the government's target.

PDMA auctions six-month treasury bills at zero yield

Greece raised 1.3 billion euros in the last treasury bill auction for 2019 at zero yield, the country's Public Debt Management Agency (PDMA) said on Tuesday in a statement.
The 26-week treasury bills were sold at zero percent compared to a minus 0.02 percent yield in the previous similar auction held on December 4, according to the statement.

Current account deficit shrinks in October

Greece's current account deficit shrank in October compared with the same month last year thanks to higher tourism revenues, the Bank of Greece said on Friday.
Central bank data showed the deficit was 673 million euros, down from 915 million in October 2018.
Tourism revenues rose 4 percent to 1.442 billion euros, from 1.385 billion in the same month last year.

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