GLOBAL & REGIONAL DAILY (Monday, 7 October 2019)
GLOBAL & REGIONAL DAILY
October 7, 2019
Market focus this week is almost exclusively on the new round of US/China negotiations on 10-11 October in Washington for signs over whether the two sides could re-escalate or end their trade dispute.
The draft 2020 Budget will be submitted to Parliament today. According to press reports, official creditors still see a fiscal gap of c. €900mn, which based on the government’s calculations, however will be bridged by the increased use of electronic payments, improved tax revenues and boosted GDP growth. Τwo binding offers were submitted for the casino at Hellinikon.
ROMANIA: NBR maintained the key policy rate (KPR) unchanged at 2.5% last week.
CYPRUS: The Ministry of Finance sold a combined amount of €350mn reopening the long-term bonds maturing in 2034 & 2049.
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