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Weekly Lists
June 15, 2018 www.intellinews.com I Page 28
bne:Credit EU greenlights €1bn
of macro-financial assistance for Ukraine
The European Parliament has greenlighted a new €1bn macro- financial assistance (MFA) programme for Ukraine.
On June 13, the EP approved the package for Ukraine with 527 votes in favour to 124 against the provision of the assistance and 29 abstentions, according to Interfax news agency.
The new assistance will cover Ukraine’s financing needs over a pe- riod of two and a half years. The loans will support economic stabi- lisation and a programme of structural reforms.
This will be the fourth MFA programme for Ukraine to be signed with the EU, which is subject to approval by the European Parlia- ment and the Council of the European Union. In late 2017, the Eu- ropean Commission refused to allocate the last €600mn tranche to Ukraine out of its previous MFA programme.
Expectations for Turkey's end-2018 inflation rate rose to 12.28% in June from 11.07% in May, the central bank’s regular survey of businesses and analysts showed on June 11.
End-2018 inflation expectations fell to as low as 9.49% in March after which sharp increases were posted in the following three months, mainly due to the nosediving Turkish lira amid the overheating Turkish economy – latest GDP data released on June 11 shows it continued to grow at "warp-speed" in the first quarter, but there are fears it is in for a hard landing.
The central bank’s inflation target for 2018 is 5%. The regulator lifted its CPI inflation forecast for 2018 to 8.4% in its latest inflation report.
Bosnia & Herzegovina’s smaller entity Republika Srpska started a roadshow on June 11 to promote its planned €200mn Eurobond that will be offered later this month, the finance ministry said.
The bond, to be offered on June 21, was announced by Finance Minister Zoran Tegeltija in May when he said that the capacity of the domestic market is limited and the entity needs to raise funds on international markets. Previously, Republika Srpska planned to try placing bonds on international markets in 2015 with the support of the World Bank, but gave up the idea.
Turkey’s end-year inflation expectations rise further to 12.28% in June
Bosnia’s Republika Srpska starts roadshow to promote €200mn Eurobond