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GLOBAL & REGIONAL DAILY (Monday 13, April 2020)
HIGHLIGHTS
April 13, 2020
Global Markets
OPEC+ agreed on Sunday to reduce oil output by 9.7mn bpd for May-June, the biggest cut ever. In a knee-jerk reaction, oil prices opened higher early today but failed to embark on a sustained upward trend amid worries that the agreement will fall short of completely offsetting the estimated drop in global fuel consumption.
Greece
The government is reportedly examining additional measures to support the economy and tourism in particular, while certain schemes to support public revenue are also being prepared. Meanwhile, the CPI in Mar-20 remained unchanged compared to Mar-19.
CESEE
Bulgaria: Prime Minister Boiko Borissov announced on Friday that the country will apply for the Exchange Rate Mechanism (ERM2) by the end of April.
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