Data
Germany financial worries climb as cost of living tops global anxieties, Allianz says
Financial worries rose in seven of eight countries year on year and now tie with health as the top global concern, German insurer Allianz said, with just 5% describing themselves as financially secure.
Romania’s M&A market grows almost 50% y/y to $6bn in H1
Acquisitions of Carrefour Romania, Evryo Group and Garanti BBVA Romania were the three largest transactions, according to the latest EY Romania - Parthenon analysis.
Indonesia's Islamic finance ripe for continued expansion
Sukuk account for 67% of the Islamic finance industry, while Islamic banking assets make up 30%.
Iran records '9mn Tehran metro journeys' as Khamenei funeral crowds swell
Tehran's metro logged more than 9mn journeys in 24 hours as over 6mn mourners packed the Grand Mosalla for Khamenei's funeral ceremonies, with the municipality housing up to 4mn pilgrims and a city holiday set for July 7.
Vietnam's HCM City posts 8.55% economic growth in first half
The services sector remained the main driver of growth, expanding 8.89% in the first six months. It accounted for 54% of GRDP and contributed 56% of overall economic growth.
South Korea's foreign reserves edge higher in June
Foreign securities, including US Treasuries, fell by $330mn from a month earlier to $380.34bn at the end of June.
Russian economic confidence falls to lowest level in two decades as war fatigue deepens
Russian public confidence in the economy has collapsed to its lowest level in at least two decades, according to a new Gallup survey, suggesting the economic resilience that underpinned the Kremlin's wartime strategy may be beginning to fray.
Russian manufacturing PMI returns to growth as domestic demand steadies despite export weakness
Russia's manufacturing sector returned to modest growth in June after more than a year of stagnation, as improving domestic demand offset a renewed deterioration in export markets, although businesses remained cautious over the outlook.
Sausage sales are falling in Russia
Sales of sausage products in Russia fell across most categories in 1Q26 as consumers shifted to cheaper protein and ready meals, which is making producers nervous.
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Czech PMI improves to 53.9 in June, best since April 2022
June PMI data "signalled a sharper upturn in the Czech manufacturing sector", says Siân Jones, principal economist at S&P Global.
Bulgarian Stock Exchange turnover nearly doubles after euro entry
Jump points to the effect of euro adoption on Bulgaria's capital market, with market participants viewing the switch as reducing currency risk and drawing greater foreign investor participation in local assets.
Turkey's manufacturing PMI falls to 47.1 in June on Middle East war
Turkey's manufacturing PMI fell to 47.1 in June from 49.8 in May as the Middle East war disrupted demand and supply chains. Find out how new orders slumped and why price pressures eased for the first time in months.
Sri Lanka expects government revenue to decline in 2026
According to the Ministry of Finance’s Fiscal Strategy Statement 2027, total government revenue, including grants, is expected to fall to 15.8% of GDP in 2026 from an estimated 16.7% of GDP in 2025.
Bulgaria remains EU’s cheapest country even as price gap narrows
Institute for Market Economics says Bulgaria’s price convergence with the EU average has accelerated since the pandemic, driven by stronger economic growth, rising household incomes and elevated inflation.
Slovenia’s retail sales up 1.8% y/y in May
Increase driven by strong growth in automotive fuel sales, while food sales continued to decline.
Number of jailed main opposition mayors in Turkey reaches 31
Ruling party AKP has taken over 27 municipalities that were won by CHP in elections.
Philippine banks face rising credit risks
Philippine banks are likely to face higher credit losses and weaker profitability as economic headwinds intensify.
Poll shows majority of Serbians think country is on wrong track
The findings published as President Aleksandar Vucic faces persistant of anti-government protests and growing scrutiny over the state of Serbia's democratic institutions ahead of possible early elections later this year.
Garanti BBVA CEO sees Turkish rate cut in July, albeit small
Goldman Sachs anticipates no easing throughout remainder of year given inflation expectations.
Iran's economy contracts 0.7% in year to March on construction, drought
Iran's economy contracted 0.7% in the year to March, preliminary Central Bank of Iran estimates show, as construction fell 15.8% and agriculture 4.2%, with only the oil sector and services posting growth.