Southeast Europe / Data
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.
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.