Southeast Europe / Data

Romania’s CFA analysts' sentiment improves despite Fitch warning and political turmoil

bne IntelliNews January 24, 2025

The CFA Romania Association's Macroeconomic Confidence Indicator increased in December by 6.7 points to a still gloomy value of 38.1 points on a 0-100 scale.

Turkey delivers another 250bp rate cut in line with expectations

Akin Nazli in Belgrade January 23, 2025

Moderation in domestic demand, real appreciation in the lira and improvement in inflation expectations remain on track.

Lack of large deals shrinks Romania’s M&A market

Iulian Ernst in Bucharest January 23, 2025

Real estate, construction and energy remained the dominant sectors, says new report from EY.

Turkey's M&A volume up 35% y/y to $10bn in 2024 says KPMG

Akin Nazli in Belgrade January 21, 2025

Country's telecom, industrial production and automotive companies said to be popular when it comes to potential transactions.

Serbian financial sector inflation expectations decline in December

bne IntelliNews January 18, 2025

Inflation expectations in Serbia’s financial sector dropped in December, aligning with the central bank’s target range, the central bank said.

Wages in Romania complete two-year growth cycle, but the outlook deteriorates

bne IntelliNews January 17, 2025

The average net wage in Romania (chart) increased by 13.1% y/y in November (+12.3% y/y in October) after a significant 2.3% m/m advance in the month (the steepest monthly advance since March) mainly driven by the manufacturing segment.

Number of Turkish energy M&As edges up to 30 in 2024

Akin Nazli in Belgrade January 16, 2025

Volume of transactions, however, contracts 44% y/y to $1bn from $1.8bn in 2023.

Inflation returns to above 5% y/y at end-2024 in Romania

bne IntelliNews January 15, 2025

Romania’s consumer prices (chart) increased by 0.3% m/m in December resulting in a 5.14% y/y headline inflation, marginally faster compared to the 5.11% y/y in November and only 1.5 percentage points lower compared to 6.6% y/y one year earlier.

Net FDI in Romania dips in 2024

Iulian Ernst in Bucharest January 14, 2025

Romania's bleak economic outlook and the gradual phasing off of fiscal incentives are set to negatively affect FDI in the coming year.

Koncar fuels record surge on Zagreb Stock Exchange

Aidą Kadyrzhanova in Prague January 13, 2025

Engineering company Koncar's share price has soared on the back of its new joint venture with Siemens and high demand for its transformers during the green transition.

Turkish issuers sell record $33bn of eurobonds in 2024

Akin Nazli in Belgrade January 12, 2025

Total of 28 sellers included nine making market debuts. For sales, Treasury ranked first, raising $13bn via five papers.

34 companies raise 60bn lira via Istanbul IPOs in 2024

Akin Nazli in Belgrade January 10, 2025

Average deal size TRY 1.75bn and average size of stakes sold 24%. Most companies issued privileged shares to favour owners.

Sales of superluxury cars in Bulgaria reach new record in 2024

bne IntelliNews January 5, 2025

Although Bulgaria remains the EU's poorest country, Bulgarians purchased cars costing as much as €2.5mn.

Turkey’s 44% y/y official end-2024 inflation release suggests another 250bp rate cut in late January

bne IntelliNews January 3, 2025

Independent economists' research group, however, measures inflation at 83% y/y.

Turkish manufacturing nearing stabilisation, PMI shows

bne IntelliNews January 2, 2025

December moderation least pronounced in eight months.

Turkey launches monetary easing cycle with 250bp rate cut

Akin Nazli in Belgrade December 26, 2024

Regulator also narrows interest rate corridor.

Turkey hikes minimum wage by 30% in line with financial market demands

Akin Nazli in Belgrade December 26, 2024

Increase compares to official inflation of towards 50%, unofficial inflation of towards 90%. Turks in usual fury.

Moldova's economy shrinks by 1.9% y/y in Q3

Iulian Ernst in Bucharest December 20, 2024

Economic performance was dragged down by agriculture, while manufacturing sector grew.

Kosovo's population down 12% since 2011

Valentina Dimitrievska in Skopje December 20, 2024

Falling population attributed to departure of many Kosovars to work abroad in search of a better life, a trend that persists across the Balkans.

North Macedonia's central bank lowers key interest rate by 0.25 pp to 5.55%

bne IntelliNews December 18, 2024

Policy rate lowered despite slight rise in inflation, attributed to higher food prices.

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