Croatia's economy is rebounding strongly from the deep recession in 2020 when GDP contracted by more than 8%.
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.
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 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 eased to 8% y/y in the third quarter of the year from 13.8% y/y in Q2.
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 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.
Drought in Serbia adds to upward pressure from high international food and energy prices.
Romania’s seasonally-adjusted industrial production index plunged by 4.6% in the third quarter of the year.
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.
Inflation could reach double digits in November after significant rise in natural gas prices.
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.
National Bank of Serbia holds policy rate but says it will continue with monetary tightening via the repo rate.
Albania’s inflation has accelerated strongly this year as its economy recovers from the initial shock of the coronavirus pandemic.
Transport costs increased the most in October, by 18.4% y/y, followed by hotel and restaurant prices by 8% y/y.
The rise in retail sales is stabilising after the pronounced volatility seen during the first year of the pandemic.
The annual inflation rate and core inflation will increase rapidly until the first half of next year, then decline rapidly towards the end of the forecast period, the third quarter of 2022.
CBBH now expects 5.7% growth in 2021, moderating to 3.9% in 2022.
With markets on edge over ill-advised further rate-cutting ahead, analysts on alert over possible balance of payments crisis on horizon.
Eurostat data shows the share of people at risk of poverty or social exclusion was just over 50% in Albania as of 2020. No other country topped 40%.