WORLD ECONOMIC & MARKET DEVELOPMENTS
GREECE: The Eurogroup is convening today in Malta and will discuss, among others, “the main outstanding issues that need to be solved in order to reach an agreement on the overall policy package that would allow the second review of the programme to be completed”. Upon arrival to today’s Eurogroup, its President Jeroen Dijsselbloem, who had met yesterday with German FinMin Wolfgang Schaeuble and earlier today with Greek FinMin Euclid Tsakalotos, expressed optimism and stated that results have been achieved during the past few days. According to the Travel & Tourism Competitiveness Report 2017 published by the World Economic Forum, Greece improved its ranking by 7 notches since 2015, reaching the 24th place among 136 countries.
SOUTH EASTERN EUROPE
ROMANIA: The Q4 GDP reading was adjusted upwards by 0.1ppts to 4.9% YoY in seasonally adjusted terms.
CESEE MARKETS: Emerging market assets broadly remained under pressure earlier on Friday as the risk-off mood continued amid rising geopolitical jitters. In FX markets, the Czech Central Bank announced yesterday its decision to scrap a cap on the crown.
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