ecamex | E.M.E.X.

Daily market review - 30-06-2010

In the sections Emerging Markets Monitor and Greek Markets Monitor you can find daily reports on the capital markets in the region.

Latest reports:

Emerging Markets Monitor - 30/06/2010
Greek Market Monitor - 30/06/2010

FYROM government in the red

F.Y.R.O.M

The FYROM government had run up a record-high budget deficit of EUR 91.7 million by June.

X-Trade Brokers: Romanian economy still in recession in 2011

ROMANIA

The aftermath of the VAT increase goes on. The measure decided by the government on July 1 first and foremost means lesser consumption, an analysis by X-Trade Brokers suggests. ‘Increasing the value-added tax is, no doubt, the kind of measure that will contribute to a decline in consumption considering the 8-10 per cent price mark-ups that are being contemplated

25% of Stock Exchange transactions carried out through online platforms

ROMANIA

Transactions carried out on the Bucharest Stock Exchange through online platforms made available by brokerages topped 120m euros in the first quarter, out of a total turnover of around 500m euros on the entire market.

Jordan's exports rise by 14.2%

JORDAN

The Kingdom's exports rose by 14.2 % during the first four months of 2010 to reach JD1.36 billion compared to JD1.19 billion in the same period of 2009

GDP will drop 1 percent this year

CROATIA

The Economics Institute will soon revise its GDP growth projection this year, from a negative 0.7 percent to a negative 1 percent,

Serbia to Open Tender for Advisor in JAT Sale by End-June

SERBIA

Serbia will open a tender for an advisor in the sale of its troubled flag carrier JAT Airways by the end of June

Eurostat: Romania - the fifth EU economic contraction in Q1

ROMANIA

According to Eurostat, euro zone's GDP recorded a modest 0.2% increase in the first 2010 quarter, similar to the average EU states' growth.

Unicredit: still no sign of recovery in Croatia

CROATIA

According to the latest forecast by Unicredit, of all the countries in the region, Croatia, Bulgaria, Romania, Latvia and Lithuania will see further economic slowdown this year, but it is only in Croatia that the projected contraction has increased.

Bulgaria Seeks To Lure Key Foreign Majors As Investors

BULGARIA

Bulgaria's government launches a series of meetings with businesses, that sets the beginning of what is hoped to be an active dialogue with investors in key sectors of the economy.

What Stock Exchange investors do to pay lower tax

ROMANIA

Stock Exchange investors holding profitable stocks for more than a year have two more days to sell them benefiting from a 1% tax on gains, compared to the 16% tax that will come into effect starting July 1 in the wake of fiscal code changes.

15 years of modern stock exchange in Romania

ROMANIA

On June 23, 1995, a handful of people were feeling the fervor of the inauguration of the Bucharest Stock Exchange, after almost half of century of communist regime in Romania. 15 years on, for some of them, memories flutter back into their minds.

Egypt eyes doubled exports to LE 200 bln by 2013

EGYPT

Egypt aims to boost its exports to Jordan and some Gulf countries as one step towards a goal of doubling its global exports by 2013

Gazprom Swaps Bulgaria for Romania in South Stream

BULGARIA

Gazprom is already technically prepared to drop Bulgaria and to pick Romania for its South Stream gas transit pipeline project

Serbia, IMF Agree on 4.0 Bln Euro Cap on FX Interventions

SERBIA

Serbia and the International Monetary Fund have agreed that the country's central bank would spend no more than 4.0 billion euro ($4.8 billion) to back the flagging local currency, the dinar