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GLOBAL & REGIONAL DAILY (Wednesday, 12 February 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
February 12, 2020
Global Markets
Following Wall Street’s new record highs overnight, global equity markets advanced on Wednesday on hopes that the spread of Covid-19 might be easing. Risk-on sentiment weighed on government bond prices, while Asian currencies firmed somewhat and the EUR/USD recovered about 0.2% to 1.0918 after hitting a four-month low of 1.0892 overnight.
Greece
An amendment was tabled yesterday regarding the legal framework governing the privatisation of the 10 port authorities by the HRADF, which will render it friendlier to investors. According to press, the first tenders to be launched will likely be for the ports of Alexandroupoli, Igoumenitsa and possibly Heraklio.
CESEE
Serbia: According to the IMF representative in Serbia, Sebastian Sosa, reforms in the strategic state-owned enterprises (SOEs) are moving slowly. An IMF mission is expected in Belgrade at the end of February in order to review the implementation of reforms, envisaged by the Policy Coordination Instrument (PCI).
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