Turkey’s unemployment rate eased to 10.2% in May from 10.5% in April.
Turkey’s central government budget produced a surplus of TRY926mn (€223mn)in July, up from the TRY129mn surplus recorded a year earlier.
Turkey’s current account deficit declined by 24% y/y to $3.76mn in June, beating expectations as exports moved up 3% and imports declined 2%.
Romania and Bulgaria are among five EU countries with the greatest risk of modern slavery, as the arrival of vulnerable migrant populations pushes up risk in agriculture, construction and services.
Affordability makes the Czech Republic’s second city the highest ranked location in the CEE/CIS region on Nestpick’s latest Startup Cities Index.
Turkey’s calendar-adjusted industrial production index moved up 3.4% y/y in June to very slightly trail May's 3.5% y/y.
Exports slow dramatically from 31% y/y advance in Q1, which was driven by sharp increase in exports to the EU, causing trade gap to widen to €591mn.
Youth unemployment falls below EU average in Slovenia, as concerns over ageing population's impact on the country’s public finances, social care and pensions systems grow.
Turkey's annual inflation softens to 9.79% in July from 10.9% in June, but core inflation strengthened by 0.4pp to 9.6%.
Romanians flock to Black Sea resorts but foreigners make up just 6% of total visitors as Romania remains last placed in the EU in terms of tourism revenues.
Strong sales to Russia and good automotive figures help drive up Turkey’s exports by a sharp 31.2% y/y to $11.5bn in July.
Huge influx of Russians drive improvement in Turkey's tourism industry following Ankara and Moscow's rapprochement, but rate for visiting Europeans is flat.
Romania’s seasonally-adjusted ILO unemployment rate decreased by 0.6pp y/y and by 0.1pp on the month to 5.3% in June, the INS statistics office reported on July 31.
Turkish banks’ combined net income rose by a substantial 33% y/y to reach TRY25.35bn (€6.1bn) in H1 as the lenders proved resilient amid a less than sure economy.
Belgrade is working to attract foreign investors in a bid to boost industrial production and bring down unemployment.
Tourist arrivals in US first lady's home country up 22% in June, while overnight stays rise 27%.
The number of foreign tourists visiting Montenegro increased by 21.4% y/y to 117,407 in June, despite a 62% decline in the number of visitors from Russia as relations between the two countries deteriorated.
Turkey’s tourism revenues increased by 8.7% y/y to $5.41bn in the second quarter of the year as foreign tourists, especially Russian visitors, have started to return to the country to spend their holiday.
Driven by soft imports, Turkey’s foreign trade deficit declined by 9.1% y/y to $6.01bn in June.
Recovery in domestic and international demand supported long-term increase in Croatian industrial production, despite recent setback from Agrokor crisis.