Southeast Europe / Data
Foreign investors still selling Turkish papers
FX firepower Erdogan regime has at its disposal declines further, but is still a substantial distance from hitting previous lows.
Romania’s public debt takes a break and stays flat in January at 54.8% of GDP
Romania’s rapidly rising public debt (chart) remained steady through January, ending the month at RON964.4bn (€193.8bn), or 46.8% of GDP, according to data published by the Finance Ministry.
Romania’s trade deficit expands 32% in February as exports falter and imports surge
Romania’s foreign trade (chart) deficit widened by 32% year on year in February 2025, reaching €2.74bn, as export volumes declined and imports continued to rise, according to figures published by the National Institute of Statistics.
Moldova’s current account deficit hits 16% of GDP in 2024, but BoP correction cannot be avoided
Moldova’s current account deficit (chart) widened by 54% year on year to $2.9bn in 2024, driven primarily by an 18% increase in the trade deficit, which reached $4.7bn, according to data published by the National Bank of Moldova.
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.