Southeast Europe / Data

Zagreb Stock Exchange’s Crobex10 index rallies to highest level since March

bne IntelliNews November 17, 2020

Crobex and Crobex10 indexes both up sharply on November 16 following positive vaccine news and Moody's upgrade.

Coronacrisis to get worse before it gets better forecasts wiiw

Clare Nuttall in Glasgow November 13, 2020

Most of CEE is heading for a double-dip recession this year as the latest wave of the crisis will result in fresh contractions in 4Q20, say wiiw economists.

Romania’s industry close to positive growth in September

bne IntelliNews November 13, 2020

Romania's industrial production returned in September to the same level seen in the same month last year, while the manufacturing sector's output increased by 0.4% y/y.

Falling inflation supports finance minister's calls for more rate cuts in Romania

Iulian Ernst in Bucharest November 12, 2020

Romania's headline inflation rate eased to just over 2.2% in October from 2.5% in September and 2.7% in August, falling below the 2.5% centre of the central bank's target band.

Romania’s exports keep recovering, but trade gap surges in September

bne IntelliNews November 10, 2020

Romania's trade deficit increased by 30% y/y to €1.54bn in September, despite the robust performance of exports that marked a thin annual decrease of only 0.5%.

Bulgaria's retail sales fall 6.7% y/y in September

bne IntelliNews November 9, 2020

Sales of food, non-food goods and automotive fuel all plunged in September.

Slovenia posts trade surplus of €1.28bn in January-September

bne IntelliNews November 9, 2020

Slovenia swings to surplus in 9M20 compared to deficit in same period of 2019, as imports declined faster than exports during the pandemic.

Romania’s retail sales up 3.8% y/y in Q3

bne IntelliNews November 6, 2020

Higher real wages, still moderate unemployment and affordable interest rates pushed up retail sales by 3.8% y/y in the third quarter after a 7.3% y/y contraction in Q2.

Rising COVID-19 cases put intense pressure on CEE healthcare systems

bne IntelliNews November 5, 2020

New restrictions imposed in countries struggling with a vicious second wave of the pandemic.

Turkish lira deposit rates still “not attractive”

bne IntelIiNews November 4, 2020

Those left with any local currency to spare amid torrid economic situation seen as having little option but to buy USD or gold amid ongoing record lows set by the TRY against the USD.

Serbia’s retail trade up by real 7.7% y/y in September

bne IntelliNews November 3, 2020

Serbia has seen steady growth in retail sales since the government lifted lockdown in May.

Serbia’s GDP down 1.3% y/y in 3Q20, flash estimate shows

bne IntelliNews November 3, 2020

Serbia is expected to go into recession this year due to the coronavirus pandemic, with the economy seen falling by up to 3.5%.

October PMI ‘indicates Turkish industrial production set to fall only 0.8% this year’

bne IntelIiNews November 2, 2020

Forecast comes despite collapse in output earlier in year due to coronavirus crisis. Positive picture in spite of ongoing lira weakness “which is causing inflationary pressures to build”.

Consumer prices fell y/y, rose m/m in October in Slovenia

bne IntelliNews November 2, 2020

The annual fall in prices was driven by goods prices, in particular fuel prices.

Growing number of governments consider second lockdowns to tackle autumn COVID-19 wave

bne IntelliNews October 29, 2020

New coronavirus infections continued to rise alarmingly in Central and Southeast Europe as the centre of the pandemic shifts back to Europe.

Serbian economy to outperform Southeast Europe this year

bne IntelliNews October 27, 2020

World Bank forecasts Serbia’s economy to shrink by just 3% as it benefits from the Western Balkans’ biggest stimulus package and a low share of tourism in the economy.

Lira sinks past 8 per dollar as Erdogan serves up more economic and geopolitical malarkey

bne IntelIiNews October 27, 2020

Worst losing streak since 1999. Goading of EU leaders and daring US to hit Ankara with sanctions not helping amid the economic indigestion.

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