Southeast Europe / Data

Turkey’s consumer confidence index collapses 14%

bne IntelliNews May 21, 2019

May’s reading is the lowest ever recorded since the data compilation began 15 years ago. Renewed weakening of lira appears to have hit sentiment.

Albania’s 4-mоnth trade gap widens 9.3% y/y

bne IntelliNews May 17, 2019

Albania has historically run a substantial trade deficit caused by its narrow production and export base, and has partly funded this with remittances from Albanians living abroad.

Turkish private sector’s 1-year FX loan repayment obligations fall 3% m/m to $60.4 bn in March

Akin Nazli in Belgrade May 16, 2019

Assessing economic flashpoints on horizon, analyst says external debts equal to around 24% of Turkey’s GDP need to be serviced over the next 12 months, leaving the lira vulnerable to bouts of risk aversion.

Turkey’s central government budget deficit soars 135% y/y in Jan-April

Akin Nazli in Belgrade May 15, 2019

Typically praised, the Treasury's housekeeping is going to pot amid country's economic turmoil.

Romania’s 5% Q1 growth sends mixed messages

Iulian Ernst in Bucharest May 15, 2019

Romania’s GDP rose in 1Q19 at the fastest rate in the past five quarters, but besides the positive sentiment this generated, the figure also consolidates concerns related to the sustainability of the wage-led growth.

Environment for SMEs improved in Western Balkans, Turkey but potential still unexploited

bne IntelliNews May 7, 2019

SMEs are under-represented in international trade and their contribution to value added remains low, the latest SME Policy Index finds.

Consumption the main growth driver in Romania as retail sales soar in 1Q19

Iulian Ernst in Bucharest May 7, 2019

Romania's average retail sales index was up 8.4% y/y in 1Q19, the highest annual growth rate in the past five quarters and no surprise after the net average wage rose by 14% y/y in January-February.