Lending gains momentum in Romania

Iulian Ernst in Bucharest November 1, 2017

The volume of new loans extended by Romanian banks in Q3 hit €4.38bn, a massive 14.8% y/y increase as mortgage lending rallied.

Estonian retail sales repeat mediocre growth rate in September

bne IntelliNews October 31, 2017

Although retail sales growth in Estonia is relatively slow, it is fuelled by the increase in wages which grew 6.8% y/y in the second quarter

Estonian industrial production growth slows down in September

bne IntelliNews October 31, 2017

Industrial production in Estonia has been slowing for three consecutive months now, but the overall positive trend reinforces earlier forecasts that the Estonian economy is well on track to pick up speed

Ukraine's central bank revises 2017 GDP growth upward to 2.2% y/y

bne IntelliNews October 30, 2017

The forecast for Ukraine's GDP has been raised from its gloomier prediction of 1.6% in July to 2.2%. A rise in consumer consumption is thought to be the main driver of the higher than expected growth

Turkey's annual home price growth contracts again as inflation rises

bne IntelliNews October 27, 2017

Turkey’s home price growth in August measures 11.31% y/y, short of the 11.61% y/y recorded for July.

Turkish business confidence deteriorates in October, manufacturing CUR hits 9-year high

bne IntelliNews October 26, 2017

Turkey’s business confidence index deteriorated in October after posting gains in the previous two months.

Investor confidence in Romania slumps

Carmen Simion in Bucharest October 25, 2017

Romania is the EU's fastest growing economy but a new survey shows political instability and policy u-turns have caused foreign investors' confidence in the business environment to deteriorate.

Stock of loans in Romania grows 7.3% y/y in September

Iulian Ernst in Bucharest October 25, 2017

Growth has accelerated since April helped by the decline in NPLs as local currency lending remains particularly active.

Outsourcing industry in Bulgaria contributes 3.6% of GDP in 2016

bne IntelliNews October 24, 2017

UK-based companies were the largest investors in Bulgaria's outsourcing sector, followed by companies from the Netherlands, the US and Germany.

Home sales in Turkey rise 29% y/y in September

bne IntelliNews October 24, 2017

Sharp rise in Istanbul home sales helps drive nationwide gain of nearly a third during the month to 140,298 units.

Bosnia’s CPI rises 1.5% y/y in September

bne IntelliNews October 24, 2017

Hike in prices of alcoholic beverages and tobacco creates modest acceleration from August's 1% growth.

Turkish consumer sentiment falls for third straight month

bne IntelliNews October 23, 2017

Turkey's consumer sentiment index fell for a third month in a row in October, slipping to the lowest level recorded since February.

Unemployment continues downward trend in Bosnia

bne IntelliNews October 23, 2017

Number of registered unemployed down 3.5% y/y at end-August as the IMF calls on Sarajevo to accelerate critical reforms in order to achieve more sustainable growth and create more jobs.

Lithuanian industrial production growth slows to 7.7% y/y in September

bne IntelliNews October 23, 2017

The expansion in September marks the 13th straight month of growth as Lithuania's economy looks set to beat last year’s performance.

Russia's economy ministry sees GDP growth at 2.4% in September

bne IntelliNews October 23, 2017

Russia's GDP expands by 2.4% y/y in September according to economic development minister

Turkish government’s gross debt stock grows 2.7% m/m in September

bne IntelliNews October 23, 2017

On an annual basis, the gross debt stock of Turkey's central government in September climbed 18%.

CEE export growth outstrips China’s

bne IntelliNews October 20, 2017

Romania was the region’s leader in export growth in the six years since the recent crisis, with annual growth averaging 9%, while numerous other CEE countries saw export growth beat China's both pre and post crisis.

Inflow to Bourse Istanbul a slight $5.3mn in week ending October 13

bne IntelliNews October 20, 2017

Turkish equities experienced a slight net inflow of $5.3mn in the week ending October 13.

Romania’s public debt hiked to 37.4% of GDP

bne IntelliNews October 20, 2017

Romanian public debt rose by €5bn in the year ending August 2017, but remain below the 39.4% it hit at the end of 2014 after tripling since before the global recession.

Russia's retail sales up as consumers become modest force for growth

bne IntelliNews October 19, 2017

Retail sales were up and incomes continue to recover as Russia’s consumers return as modest force for an economic recovery. Nominal wage gains are slowing as companies get used to the lower inflation environment; and consumers are using more credit