Corona-induced slump in global clothing sector dragged down Albania’s 2020 exports

bne IntelliNews January 18, 2021

Albania’s exports fell by 9.0% in 2020, with the biggest negative contribution coming from the textiles and footwear sector.

Turnover rose on Bosnia's two stock exchanges in 2020 while prices fell

bne IntelliNews January 18, 2021

Higher borrowing by the governments of Bosnia’s two entities pushed up turnover — mainly trading in government bonds and T-bills — on the Sarajevo and Banja Luka exchanges, but the main indexes dropped.

Romanian construction companies' activity slows in November after intense 2020

bne IntelliNews January 18, 2021

Romania's construction work index increased by 7.8% y/y in November, a robust growth yet slower than in previous months of the year.

75% of Montenegrins want EU membership

bne IntelliNews January 17, 2021

Support for EU accession has increase significantly compared to 2019 when about 66% of citizens were in favour shows survey commissioned by EU delegation to Montenegro.

North Macedonia's manufacturing confidence indicator down by 8.5 pp y/y in December

bne IntelliNews January 15, 2021

Confidence remains low compared to 2019, but current volume of production orders and expectations for coming months are more favourable than in November.

Romania’s industrial recovery paused in November

bne IntelliNews January 14, 2021

Romania's industrial production index edged down by 0.6% m/m in November after six months of recovery.

Labour demand down 28% y/y in Croatia in 2020

bne IntelliNews January 14, 2021

Strongest drop in demand was in the service sector, but partly offset by higher demand for occupations related to the pandemic and post-earthquake reconstruction.

Ukraine’s international reserves end 2020 at $18.1bn, up 20% y/y

bne IntelliNews January 12, 2021

The net international reserves of Ukraine as of January 1 amounted to $18.1bn, which is 19% more than at the beginning of December 2020 ($15.2bn), Head of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn said.

Slovenia’s dire COVID-19 situation in 4Q20 caused second economic dip

bne IntelliNews January 12, 2021

Epidemiological situation was among the worst in the euro area in the fourth quarter and required a tightening of restrictive measures, which led to another severe drop in economic activity, the Bank of Slovenia said.

Russia’s Watcom shopping index recovers some ground in December, still down by half on previous year

Ben Aris in Berlin January 12, 2021

Russia’s Watcom shopping index, which measures foot traffic in Moscow’s major shopping malls, recovered some of the ground lost after the second wave of the coronavirus (COVID-19) pandemic started, but it is still down by half on last year.

Belarusian government sees $2bn of withdrawals, issues $580mn worth of bonds in 2020

bne IntelliNews January 12, 2021

Belarusian residents withdrew $1.9bn in dollars from banks during 2020, with $1.4bn being withdrawn in August alone at the start of the mass protests following the disputed August 9 presidential election, the Ministry of Finance said.

Romania’s trade gap keeps widening, although at a slower pace

bne IntelIiNews January 12, 2021

Romania’s imports have decreased at a slower rate compared to exports since the crisis emerged in early 2020, but the foreign trade gap has continued to widen.

Romania’s stock exchange close to pre-crisis peak after strong rally

Iulian Ernst in Bucharest January 11, 2021

The blue-chip BET index topped 10,000 points again, after the upward trend at the beginning of last year was interrupted by the COVID-19 pandemic.

Bulgaria's retail sales fell 6.4% y/y in November

bne IntelliNews January 10, 2021

The annual fall in November was due to plunging food and motor fuels sales, but retail turnover inched up compared to October.

World Bank improves Ukraine's growth forecast in 2021 from 1.5% to 3%

bne IntelliNews January 9, 2021

The World Bank revised upward its forecast for Ukraine's growth in 2021 to 3.1% from its earlier forecast of 1.5% issued in October, according to the January 2021 World Bank's Global Economic Prospects.

Non-food retail sales in Romania nearly 10% above pre-crisis peak

bne IntelliNews January 8, 2021

The steady improvement in the retail sales index shows healthy consumer confidence supported by the robust real wage growth and still moderate unemployment rates.

Ukraine's banking sector ends 2020 with best monthly profits in four years

Ben Aris in Berlin January 8, 2021

Ukraine’s banking sector remained impressively healthy throughout 2020 and finished the year on a high. The sector posted a sectoral profit of UAH43,365mn ($1.5bn), which was still down on the 2019 result, the best monthly result in four years

Romanian private pension funds return to robust growth

Iulian Ernst in Bucharest January 8, 2021

The weighted average rate of return for mandatory private pension funds rose to nearly 4.9% in November, but the private pension funds market in Romania remains underdeveloped.

Zagreb Stock Exchange's Crobex10 index at highest level since March 5

bne IntelliNews January 6, 2021

Prices on the Zagreb Stock Exchange started to revive after the news of successful vaccine trials in November.

Bosnia’s real GDP contracts 6.3% y/y in 3Q20

bne IntelliNews January 6, 2021

Modest recovery of 3.9% in quarterly terms in Q3 but Bosnia's economy isn't expected to fully recover from the coronacrisis until 2022.