Southeast Europe / Data
Moldova’s foreign trade gap widens by 26% in 12 months to October
Compared to two years ago, before the pandemic, exports were down 0.4% and imports up 9.9%.
Moldova’s GDP up 8.3% y/y in Q3
Economic growth in Q3 was mainly influenced by the strong performance of the agriculture sector.
Montenegro’s economy posts strong 25.8% y/y growth in 3Q21
Montenegro's economy is now recovering from the deepest contraction across emerging Europe last year.
Bulgaria prepares to freeze utility prices as inflation reaches 10-year high
Bulgaria’s consumer prices increased by 7.3% y/y in November, accelerating from 6% a month earlier.
Romania’s current account deficit hits 6.9% of GDP in 12 months to October
Deficit widens from 4.7% in the 12 months to October 2020 and 5.0% in the period to October 2019.
National Bank of Serbia expects inflation to peak in late 2021 and early 2022
Annual inflation reached 7.5% in November, mainly driven by higher food and energy prices.
Romania’s industrial production falls again after post-COVID recovery
Contractions in the automobile industry and oil refining were mainly responsible for the decline in overall production.
Inflation inches down in Romania as government caps energy prices
After the government enforced the ‘cap and subsidy’ mechanism for residential energy prices, the price of electricity dropped by 12.2% m/m in November.
Romania’s trade deficit hits 9.7% of GDP in 12 months to October
The annual growth rates for Romania’s exports, imports and trade gap are slightly above the medium-term trends as global trade is recovering from the slowdown last year.
Gas price hike sends Moldova’s inflation up to 12.4% in November
Moldova's central bank has raised the refinancing rate four times this year in an attempt to hold back soaring inflation.
Romania’s public debt to GDP ratio edged up by only 1.1pp in January-September
Political turmoil this autumn prevented the executive from tapping foreign markets as planned.
Romania’s GDP up 7.4% y/y in Q3 helped by robust harvest
Romania’s economic growth eased to 7.4% y/y in the third quarter of the year from 13.9% y/y in Q2, with agriculture the main growth driver.
Labour demand increases further in Croatia in November
Labour demand in November exceeding its 2019 and 2020 levels as the Croatian economy recovers.
Private consumption’s post-COVID recovery comes to an end in Romania
The annual growth rate of Romania's retail sales index eased to 4.0% y/y in October from 6.8% y/y in September.
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.
