Southeast Europe / Data
Turkey still burning through reserves to keep lira at 38.00 against USD
Excess lira liquidity in banking system on April 7 turned negative for first time since September.
Foreign investors sell Turkish papers in record amounts following jailing of Imamoglu
$4.8bn worth sold in two-week period, central bank data shows.
Romania to hold policy rate steady amid internal and external risks
The National Bank of Romania is expected to maintain its benchmark interest rate (chart) at 6.5% during its monetary board meeting on April 7, as high internal and external risks prompt caution among policymakers.
Fitch keeps eye on Turkey’s reserves to assess impact of Imamoglu unrest
Says state has capacity to manage current level of volatility.
Romania’s industrial price inflation jumps to 4.0% in February amid energy sector surge
February data highlights the growing influence of energy pricing on Romania's industrial inflation and signals potential volatility ahead.
Turkey’s official inflation dips to 38.10% in March
Softer-than-expected figure suggests sell-off in lira hasn’t exerted significant upwards pressure on consumer prices, says analyst.
Contraction in Turkish manufacturing has lasted full 12 months, March PMI data shows
Inflationary pressures remained marked. Firms had to contend with ongoing impacts of currency weakness.
Romania’s PMI negative for ninth consecutive month
Despite decline in PMI, Erste analysts say there has been an improvement in the external environment thanks to fiscal stimulus programmes adopted by Romania's trading partners.
Serbia's growth hampered by political unrest in first quarter of 2025
Serbia’s economic growth is projected to slow to around 3% in the first quarter of 2025, as political unrest and ongoing protests continue to disrupt the country, according to a flash estimate cited by President Aleksandar Vucic.
Bosnia’s GDP growth slows to 2.5% y/y in 4Q24
Growth is expected at 2.5-2.6% in 2025 according to Bosnia's central bank and IFI projections.
Turkey burns through towards $30bn in reserves after detaining Imamoglu
Regime has struggled to stabilise the financial markets but, as things stand, the situation does not threaten its survival.
Romania’s macroeconomic confidence index declines amid recession fears
Decline reflects growing concerns over economic uncertainty and a potential recession.
Kosovo’s trade gap up 13.6% y/y in February
Exports dropped by 4.3% y/y to €67.3mn in February, while imports were up 10.9% to €518.6mn.
Moldova keeps base rate at 6.5% despite disappointing economic growth
Previously the BNM hiked the monetary policy rate twice since the beginning of the year to address rising inflation prompted by regulated energy prices
Bulgaria’s consumer inflation speeds up to 4% in February
Consumer prices declined during 2024 but have recently started to rise with the strongest increase in restaurant and hotel prices.
Moldova’s GDP close to a standstill in 2024 due to weak agriculture
Value added generated by agriculture, accounting for 7.1% of GDP, contracted by 19% in 2024.
Number of foreign-invested companies in Uzbekistan grows by 340 in February to 15,503
China continues to extend lead in ranking of number of companies foreign investors have set up and backed in Central Asia's second largest economy. Russia second, Turkey third.
Kosovo’s economy expands by annual 4.08% in 4Q24
Strong growth reported in Kosovo's manufacturing sector, which expanded by 4.35%.
North Macedonia’s central bank maintains key interest rate at 5.35%
Central bank says global geopolitical uncertainties and rising protectionist policies have reinforced the need for prudence.
Moldova’s inflation eases to 8.6% y/y in February as government subsidises electricity prices
Moldova's government announced subsidies after Gazprom cut off gas supplies previously used to generate electricity.