Southeast Europe / Data

Croatian GDP rises 15.8% y/y in 3Q21

bne IntelliNews November 27, 2021

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

Iulian Ernst in Bucharest November 24, 2021

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

bne IntelliNews November 18, 2021

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

bne IntelliNews November 18, 2021

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

Iulian Ernst in Bucharest November 16, 2021

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

bne IntelliNews November 16, 2021

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

bne IntelliNews November 16, 2021

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%

bne IntelliNews November 16, 2021

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

Iulian Ernst in Bucharest November 15, 2021

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

bne IntelliNews November 12, 2021

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

bne IntelliNews November 11, 2021

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

bne IntelliNews November 11, 2021

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%

bne IntelliNews November 10, 2021

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

bne IntelliNews November 9, 2021

Albania’s inflation has accelerated strongly this year as its economy recovers from the initial shock of the coronavirus pandemic.

North Macedonia’s annual inflation speeds up to 4.1% in October

bne IntelliNews November 8, 2021

Transport costs increased the most in October, by 18.4% y/y, followed by hotel and restaurant prices by 8% y/y.

Romania’s retail sales up 9.4% y/y in Q3, but keep moderating

bne IntelliNews November 8, 2021

The rise in retail sales is stabilising after the pronounced volatility seen during the first year of the pandemic.

Moldova doubles inflation forecast for 2022 to 14%

bne IntelliNews November 8, 2021

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.

Bosnian central bank raises economic growth forecasts

bne IntelliNews November 4, 2021

CBBH now expects 5.7% growth in 2021, moderating to 3.9% in 2022.

Turkish officials post October inflation at 20%, Istanbul academics calculate 50%

Akin Nazli in Belgrade November 3, 2021

With markets on edge over ill-advised further rate-cutting ahead, analysts on alert over possible balance of payments crisis on horizon.

Albania has Europe’s highest share of households at risk of poverty

bne IntelliNews November 2, 2021

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%.