This is the first time since June 2004 that foreigners’ share in the stock exchange has dropped below the 50% mark.
The IMF expects Albania’s consumer prices to increase by 2.4% in 2020 and 2.7% in 2021, speeding up from the 1.4% inflation last year.
Sales lag below 2019 level despite bouncing back in May from their plunge in April.
Several countries in Central Asia, the South Caucasus and the Western Balkans are seeing a strong rise in daily new cases after the easing of restrictions.
Credit card and debit card payments in Turkey amounted to TRY20.1bn in the country’s fourth ‘post-lockdown’ week ending June 26.
Global tourism sector set to lose between $1.2 trillion and $3.3 trillion depending how long travel restrictions last, the UN’s trade and development body forecast.
Foreigners bought €169.99mn of property in the tiny Adriatic country in 2019.
Severity of COVID-19 downturn was such, however, that much more will be needed in coming months to recover output lost during worst of pandemic, says IHS Markit.
WHO warns of a “very serious resurgence” that risks pushing healthcare systems “to the brink” in 10 countries from the region after lockdowns were eased.
Central bank’s open swap stock jumped to $52bn at end-May from $36bn a month ago.
The economic sentiment indicators started to pick up again in June across Central and Eastern Europe (CEE), but there are big differences between the countries as they start to recover from the coronacrisis at their own speeds
Sharp decline during lockdown months of March and April, followed by recovery in May and June.
Analyst now expects benchmark to be left on hold over rest of this year and next with tightening not ruled out given Turkey’s large external debts and vulnerability to renewed financial market turbulence.
Retail sales back up after more shops open during easing of lockdown.
Gross transfers from abroad to Moldovan households increased by 22% y/y to $142mn in May, reflecting payments delayed during the lockdown period.
Progress towards EU accession lifted sentiment, but businesspeople still see corruption as one of their biggest problems.
Several countries in emerging Europe have re-imposed lockdowns and border restrictions to prevent the spread of the novel coronavirus after reporting spikes in new infections.
Industrial production declined as the country felt the first consequences of the coronavirus crisis which emerged in March.
KPMG report says fewer contraband cigarettes flowing into the EU, but growth in illegal factories within the bloc.
Strict lockdown imposed in mid-March saw a shutdown of public transport and movement restrictions, including on using cars.