Southeast Europe / Data

Home sales in Turkey up 3% y/y in May

bne IntelliNews June 20, 2018

Mortgage sales, however, continued to decline in the overheating economy, but at the lower pace of 12% y/y compared to 36% y/y in April.

Romania’s GDP per capita 42% above pre-crisis level in PPP terms

bne IntelliNews June 20, 2018

Romania's advance far outstripped the 14.6% average increase in the EU28 area, Eurostat data shows.

Turkey’s home price growth at below inflation for eighth straight month

bne IntelliNews June 19, 2018

Expansion of 10.06% measured in April trailed the annual CPI rate of 10.85%.

Romania’s public debt drops below 35%-of-GDP at end-March

bne IntelliNews June 19, 2018

Fall in debt in local currency terms came despite significant government deficit in Q1, indicating a certain depletion of the government’s buffer.

Turkey’s short-term external debt rises 3% m/m in April

bne IntelliNews June 19, 2018

Amid the country's currency collapse, it reached the highest level recorded since March 2015.

Turkey’s retail sales growth up slightly to 8% y/y in April

bne IntelliNews June 19, 2018

Rate of growth edges ahead of March's 7.7%.

Developed European markets gain more benefits from globalisation than their emerging peers

bne IntelliNews June 18, 2018

Slovenia is the only East European country among the top 10 in terms of gains to GDP per capita due to globalisation, a study from German foundation Bertelsmann finds.

Turkey’s budget surplus contracts 58% y/y in May

bne IntelliNews June 18, 2018

Across January-May, it expanded by 78% y/y to TRY20.5bn.

Turkey’s unemployment rate falls to 10.1% in March

bne IntelliNews June 18, 2018

Good news for the ruling party ahead of this week's elections but the figures do not cover the period that saw the start of the ongoing economic slowdown in Turkey.

Romania sees EU's fastest hourly average labour cost rise in April

bne IntelliNews June 18, 2018

However, Romania's convergence with EU averages remains slow, and the sharp growth of the labour cost in Romania announced by Eurostat was offset by the highest inflation in Europe.

Romania’s construction works remain subdued in April

bne IntelliNews June 18, 2018

The volume of construction works in Romania contracted by 4.1% y/y in April after the average 2.2% y/y decline in Q1.

Moldova’s GDP 3.7% up y/y in Q1 driven by domestic demand

bne IntelliNews June 18, 2018

Economy has expanded by 4.0% p.a. since 2010, but this remains below the rates needed for the country's convergence with the European Union.

Romania’s central bank points to rising default risk among households

Iulian Ernst in Bucharest June 15, 2018

The volume of NPLs accumulated by households increased by 13% y/y as of end-March, becoming the main threat to Romania’s financial stability, a central bank report said.

Turkey’s private sector long-term foreign loans stock edges down 0.84% m/m in April

bne IntelliNews June 13, 2018

Short-term loans jump 7% m/m as of the end of the fourth month.

Turkey’s industrial output growth slows to 6.2% in April but better-than-expected

bne IntelliNews June 13, 2018

The expansion has now lasted 19 consecutive months, but the growth deceleration has persisted for the past four months.

Romania reports highest quarterly employment growth in the EU in first quarter

bne IntelliNews June 13, 2018

Eurostat figures confirm Romania is following the same path as its northern neighbours in CEE, whose labour markets have tightened dramatically.

Europe’s southeast corner sees sharp increase in airport traffic

bne IntelliNews June 13, 2018

Passenger numbers at Georgian airports soared by 30.5% and there were more modest hikes in Ukraine, Macedonia and Montenegro, ACI Europe study shows.

Romania’s headline inflation hits 5.4% y/y in May

Iulian Ernst in Bucharest June 13, 2018

The surge in consumer prices fuels expectations of a more hawkish central bank stance in the coming months.

Croatia ranks first worldwide in terms of tourist spending to GDP ratio

Carmen Simion in Bucharest June 12, 2018

Tourism contributed 18.8% of Croatia's GDP in 2016 and that ratio is expected to soar this year after investments in new terminals at the country's main airports, found a report from consultancy network UHY.

Romania’s trade gap temporarily narrows in April

Iulian Ernst in Bucharest June 12, 2018

The long-term trend is towards wider trade deficits, and despite the narrowing in April on the back of a hike in exports, more is needed to return the trade gap to a more sustainable level.