Romania’s industrial production plunged by 6.6% y/y in June, dragging down the quarter’s performance to negative 1.7% y/y as the production of traditionally robust industrial sectors disappointed.
Local investors were responsible for 59% of real estate investments in Bulgaria in 1H19, reversing the trend seen in the last two years as the volume of foreign investment tumbled, a report from Colliers shows.
GDP growth figures from the second quarter of this year were down on the first quarter but showed that growth was still being supported in Central and Eastern Europe by domestic demand that has gone some way to offsetting an EU slowdown.
The figures confirm the improvement in the industrial and construction sectors in Q2, compared to their more sluggish performances in Q1, when growth was driven by private consumption.
The Slovenian construction sector posted growth in all areas in 2018, but turnover has not yet returned to where it was pre-crisis and there are indications that growth is about to slow.
Croatia saw an 11.2% y/y increase in tourist arrivals in June, as the sector rebounded after bad weather resulted in a disappointing May performance.
Import growth slows despite continuing strong rise in household incomes.
Central bank is still no doubt working on another chunky rate cut.
Adoption of personalisation and digitisation technologies to lead to aggressive competition and a wave of investment in innovation.
Very positive figures for Albania at the start of the tourist summer season.
Eurostat says Romania's budget deficit in the first half of this year was the highest across the EU, but the Romanian government says the figure will be lower for the full year.