Southeast Europe / Data
Romania’s industrial prices surge by 26.8% y/y in October
High energy costs were behind rise in industrial prices, which in turn are pushing up consumer prices.
Turkish manufacturers raised selling prices at sharpest pace on record shows November PMI
Companies need to see some stabilisation in the lira, says IHS Markit economics director.
North Macedonia’s industrial production declines further in October
North Macedonia's manufacturing sector has contracted sharply in the last two months.
Slovenia’s GDP expands 5% y/y in 3Q21
Robust household consumption drove economic growth in third quarter.
Serbia's central bank governor says inflation to exceed projections by end-2021
Higher vegetable prices, further growth in global prices of primary commodities and cost-push pressure will push inflation above the NBS' expectations at end-2021 and in the first half of 2022.
Real average wage in Moldova up 8.3% y/y in Q3
Annual advance slowed from the double-digit growth recorded in the previous three quarters but remains robust.
Croatian GDP rises 15.8% y/y in 3Q21
Croatia's economy is rebounding strongly from the deep recession in 2020 when GDP contracted by more than 8%.
Romanian banks boast record profit and lower NPL ratio in September
The Romanian banking system posted RON6.4bn (€1.3bn) aggregated net profit in January-September, 37% up y/y and 24% more compared to the same period of 2019.
Almost 50% of young Bosnians want to leave the country
Dissatisfaction with the quality of life in Bosnia is the main driver of young people's interest in going abroad, finds a new survey from the UNFPA.
Moldova’s trade gap remains above $1bn in Q3 as gas import cost triples
Moldova’s foreign trade gap remained above $1bn in the third quarter of the year for the second quarter in a row, as imports of petroleum products nearly doubled and natural gas tripled in value terms.
Romania’s economic growth shows signs of fatigue in Q3
Romania’s economic growth eased to 8% y/y in the third quarter of the year from 13.8% y/y in Q2.
Serbia's FX reserves at €16.3bn in October
Serbia’s gross NBS FX reserves amounted to €16.3bn at end-October, covering 145% of money supply (M1) and more than six months' worth of the country's import of goods and services, which is twice the level prescribed by the adequacy standard
Bulgaria’s inflation jumps to 6% y/y in October
Bulgaria’s consumer prices increased by 6% y/y in October, beating the nine-year peak reached a month ago when CPI grew by 4.8% y/y. The consumer price index (CPI) moved up 5.4% compared to December and by 1.8% month on month.
High food and energy prices push Serbia's inflation to 6.6%
Drought in Serbia adds to upward pressure from high international food and energy prices.
Chip crunch and refinery accident send Romania’s industry to five-year low
Romania’s seasonally-adjusted industrial production index plunged by 4.6% in the third quarter of the year.
Real wage growth in Romania turns negative in September
The real annual rise of the net wage in Romania turned negative in September as energy prices pushed up inflation, and the trend is likely to continue.
Moldova’s inflation hits 8.8% before natural gas shock
Inflation could reach double digits in November after significant rise in natural gas prices.
Headline inflation in Romania exceeds expectations at 7.9% in October
Electricity, gas and fuel prices accounted for over half of the increase in consumer prices, which experienced their fastest growth since the VAT hike in 2010.
Serbian central bank keeps key policy rate at 1.0%
National Bank of Serbia holds policy rate but says it will continue with monetary tightening via the repo rate.
Albania’s inflation steadies in October
Albania’s inflation has accelerated strongly this year as its economy recovers from the initial shock of the coronavirus pandemic.
