Home Banking Daily Overview of Global Markets & the SEE Region (Wednesday, December 6, 2017)

Daily Overview of Global Markets & the SEE Region (Wednesday, December 6, 2017)

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Dr. Platon , Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A.,

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GREECE: According to press reports, the staff level agreement between Greece and the institutions incorporates, among others, the privatisations that must take place in the energy sector. These are: 1) the sale of 17% of PPC, the sale of 65% of DEPA and the sale of 35% of Hellenic Petroleum. According to the Report on Operational Targets for Non-Performing Exposures of the Bank of Greece, at end-September 2017, the stock of NPEs decreased by 2.4% and 5.5% compared to end-June 2017 and end-December 2016 respectively and reached EUR100.4 billion or 44.6% of total exposures.

SOUTH EASTERN EUROPE

ROMANIA: The second estimate of the Statistical Service on the seasonally adjusted Q3-2017 GDP reading confirmed the extraordinary output performance suggested by the flash estimate release back in November.

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