Southeast Europe / Data
Serbia to repatriate entire gold reserve amid global uncertainty
Serbia’s central bank plans to repatriate the country’s entire gold reserves from abroad, becoming the first Eastern European country to hold all of its bullion domestically.
Serbia’s FDI falls nearly 70% in first five months of 2025
Slump in FDI raises concerns over Serbia’s economic trajectory, as foreign investment has been a key engine of growth, job creation and export expansion.
Moldova’s manufacturing sector posts strongest growth in 10 months in May
The May results show a significant recovery for the sector, which contracted sharply in late 2024
Serbia among top global gold buyers in 2025
The National Bank of Serbia now holds 50.5 tonnes of gold, said governor Jorgovanka Tabakovic.
Subdued demand in EU and weak crops weigh on Moldova’s exports
Moldova’s exports fell by 11.1% y/y in May and by 10.8% to €3.1bn in the 12 months to May 2025.
Romania’s industrial output rebounds in May on low base
Romania’s industrial production posted a sharp year-on-year increase of 7.1% in May.
Romania’s inflation rises to 5.66% in June ahead of anticipated price pressures
Electricity market liberalisation and a VAT hike in August are expected to put upward pressure on prices.
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Romania’s revised Q1 GDP shows slower consumption growth
Data confirms Romania’s GDP continued its five-quarter quasi-stagnation in Q1.
Kosovo’s annual inflation speeds up to 4.3% in June
Steepest annual price rises for categories including food products, transport and package holidays.
Which countries have received Trump's tariff letters? – Statista
US President Donald Trump has delayed his so-called “reciprocal” tariffs once more, with the new deadline set for August 1, Statista reports.
EY estimates Romania's M&A market rose 45% y/y to $4.1bn in H1 2025
EY says Romania's M&A market "demonstrated resilience", buoyed by large strategic transactions.
Global and domestic uncertainty drag down Serbia's GDP growth
GDP expands by just 2.2% in 5M25 amid weakening demand from major European trade partners and declining inflows of capital and foreign direct investment.
Moldova’s economy minister attributes Q1 GDP contraction to export decline
Doina Nistor says growth in services exports failed to offset decline in exports of goods.
Romanian wage growth slows sharply in April, signalling end of high-growth period
Romania’s average net wage posted its weakest real-terms growth in over a year in April, rising by just 3.5% y/y.
Serbia’s central bank boosts gold reserves to more than 50 tonnes
Serbia has been among the most active gold buyers in Europe in recent years.
Romania’s public debt hits 56.1% of GDP at end-March
Romania’s public debt rose by €7bn during Q1 2025, mainly due to the FX bonds issued in January and February.
Who hold the most gold reserves?
In 2025, gold prices reached unprecedented levels, with spot gold trading at above $3,932 per troy ounce as of May 7th, an increase of over 83% within just a year.