Southeast Europe / Data

Foreigners’ share at Borsa Istanbul falls below 50%

Akin Nazli in Belgrade July 8, 2020

This is the first time since June 2004 that foreigners’ share in the stock exchange has dropped below the 50% mark.

Albania’s annual CPI inflation slows to 1.8% in June

bne IntelliNews July 8, 2020

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.

Romania’s retail sales still 5.4% down y/y in May

bne IntelliNews July 7, 2020

Sales lag below 2019 level despite bouncing back in May from their plunge in April.

New lockdowns imposed in Eurasia to fight rising coronavirus cases

bne IntelliNews July 7, 2020

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.

Turkey’s debt-fuelled economic revival continues

Akin Nazli in Belgrade July 5, 2020

Credit card and debit card payments in Turkey amounted to TRY20.1bn in the country’s fourth ‘post-lockdown’ week ending June 26.

Croatia to be among countries worst hit by tourism collapse this year, says UNCTAD

bne IntelliNews July 2, 2020

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.

Russians, Serbians, Turks the biggest property buyers in Montenegro

bne IntelliNews July 2, 2020

Foreigners bought €169.99mn of property in the tiny Adriatic country in 2019.

June PMI shows Turkish manufacturing back on expansion path

bne IntelIiNews July 1, 2020

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.

COVID-19 second wave strikes parts of emerging Europe

bne IntelliNews June 30, 2020

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.

Turkey burnt through estimated $11bn of reserves in May

Akin Nazli in Belgrade June 29, 2020

Central bank’s open swap stock jumped to $52bn at end-May from $36bn a month ago.

Economic sentiment in CEE picks up in June, but still deeply depressed

bne IntelliNews June 29, 2020

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

Bulgarian business climate indicator keeps rising in June

bne IntelliNews June 29, 2020

Sharp decline during lockdown months of March and April, followed by recovery in May and June.

Turkey’s central bank halts rates easing cycle surprising markets

bne IntelIiNews June 25, 2020

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.

Slovenia’s retail trade increases in May after three-month decline

bne IntelliNews June 25, 2020

Retail sales back up after more shops open during easing of lockdown.

Remittances to Moldova spike in May amid lockdown relaxation in Europe

Iulian Ernst in Bucharest June 25, 2020

Gross transfers from abroad to Moldovan households increased by 22% y/y to $142mn in May, reflecting payments delayed during the lockdown period.

Balkan Business Sentiment Index reached historic high in 2019

bne IntelliNews June 25, 2020

Progress towards EU accession lifted sentiment, but businesspeople still see corruption as one of their biggest problems.

Restrictions come down again in emerging Europe as coronavirus cases surge

bne IntelliNews June 23, 2020

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.

Albania's industrial output down 11.2% y/y in 1Q20

bne IntelliNews June 21, 2020

Industrial production declined as the country felt the first consequences of the coronavirus crisis which emerged in March.

Illicit cigarette consumption declines in eastern EU states

Clare Nuttall in Glasgow June 20, 2020

KPMG report says fewer contraband cigarettes flowing into the EU, but growth in illegal factories within the bloc.

Albania's retail sales growth turns negative y/y in 1Q20, due to decline of motor fuel sales

bne IntelIiNews June 18, 2020

Strict lockdown imposed in mid-March saw a shutdown of public transport and movement restrictions, including on using cars.