WORLD ECONOMIC & MARKET DEVELOPMENTS
GREECE: According to the Greek Tourism Confederation (SETE), international arrivals at the main Greek airports increased on a yearly basis by 9.1% in July 2016 from 4.1% in June 2016. During the same month, international road arrivals increased by 1.6% after a contraction of -9.0% in June 2016. Moreover, for the period January 2016 – July 2016, airport arrivals increased by 6.4% while road arrivals decreased by -4.8%.
SOUTH EASTERN EUROPE
ROMANIA: Inflation edged down to -0.2% MoM/-0.8% YoY in July compared to -0.2% MoM/-0.7% YoY in June driven by lower administered prices
SERBIA: The NBS kept the key policy rate unchanged at 4% in today’s meeting
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