Southeast Europe / Data

Romania’s banks report €300mn profits in Q3

bne IntelliNews November 21, 2017

Banks have posted robust profits for the last three years, and balance sheets have improved as banks gradually settle their bad loan issues.

Textiles and footwear sector drives hike in Albanian exports

bne IntelliNews November 20, 2017

Albania’s exports grew by a robust 14.2% y/y in October, but still remain less than half of imports.

Employment back to pre-crisis levels in Western Balkans

Denitsa Koseva in Sofia November 16, 2017

Unemployment is still "staggeringly high" in the region and one of its governments' main policy challenges despite the creation of 230,000 new jobs this year, World Bank says.

Romania’s FDI surges by 37% in Q3, strengthening domestic demand

Iulian Ernst in Bucharest November 16, 2017

Rise in FDI was driven by inter-company lending, while "genuine" FDI by new investors was smaller.

Moldova’s industry gains momentum after two-year stagnation

Iulian Ernst in Bucharest November 15, 2017

Revival spurred by resolution of banking sector problems, successful reduction of inflation and recent political stabilisation.

Romania reports stunning 8.8% GDP growth in Q3

Iulian Ernst in Bucharest November 14, 2017

Economy expanded by 8.8% y/y in Q3, most likely driven by the services sector fuelled by the robust domestic demand for consumption.

Serbia’s headline inflation at 2.8% y/y in October

bne IntelliNews November 14, 2017

Inflation driven by recent price rises for clothing, utilities and healthcare, offsetting fall in costs of communications and food.

Credit growth in Western Balkans constrained by bad loans, IMF says

Denitsa Koseva in Sofia November 13, 2017

High levels of NPLs, inadequate bankruptcy procedures and insufficient funding constrain credit growth in the six Western Balkan countries at times when credit is most needed.

Moldova’s inflation hits 7.9% y/y in October

Iulian Ernst in Bucharest November 13, 2017

Central bank expects price growth to decelerate in the coming quarters but this is optimistic given the need for an upward revision in regulated prices including utility prices.

EC revises upwards Croatia’s 2017 growth projection to 3.2%

bne IntelliNews November 10, 2017

Economic growth in Croatia is set to continue for the rest of 2017 according to the European Commission

Albania’s CPI growth speeds up to 1.9% y/y in October

bne IntelliNews November 8, 2017

The food and non-alcoholic beverage group rose 4% y/y and was the main contributor to the annual CPI rise

Bosnia’s bank assets speeds growth to 9.3% y/y in September

bne IntelliNews November 8, 2017

The assets of commercial banks in Bosnia & Herzegovina now account for 86.4% of Bosnia’s projected GDP

Macedonia’s annual inflation speeds up slightly to 1.9% in October

bne IntelliNews November 8, 2017

The latest projections predict Macedonia's inflation rate will reach 2% in 2018 indicating that the environment of stable prices will be maintained.

Slovenia’s retail trade growth slows slightly in September

bne IntelliNews November 1, 2017

At 7% y/y growth in September was the lowest this year but the sector is likely to keep expanding thanks to higher salaries and the higher employment rate projected for the coming months.

Small countries are big reformers on the World Bank's Doing Business index

bne IntelliNews November 1, 2017

Aside from their reforming zeal, the top performers from the CEE/CIS region on the World Bank’s latest Doing Business index have another thing in common: they all have populations of under 4mn.

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.

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.