Southeast Europe / Data
Romania’s public debt hiked by €3.3bn in July to reach 52% of GDP
Annual rise in public debt is expected reach a new record in 2024 of over €28bn, surpassing the €25.9bn net borrowing in the Covid year 2020.
Turkey sticks with 50% policy rate for seventh straight month
Uncertainty over the pace of improvement in inflation has increased in light of incoming data, says central bank.
Bulgaria’s consumer inflation at 1.2% in September
Consumer prices in Bulgaria rose by 1.2% in September 2024 compared to the same period last year (chart), according to preliminary National Statistical Institute (NSI) data. Month on month, the Consumer Price Index (CPI) decreased by 1%.
Romania’s industrial figures confirm subdued economic activity in August
Industrial production index plunged by 4.2% y/y, marking one of the most significant annual declines in the past year and a half.
Romania’s inflation eases to 4.6% y/y in September, but upside risks mount
Expectations of further disinflation are being put at risk by a sharp rise in real earnings, fiscal slippage and potential rises in energy prices.
Romania’s retail sales return to record level in August after 8.1% y/y advance
Annual growth rate remained above 8% y/y for the third consecutive month.
M&A activity in Romania up 22% y/y in January-September, according to EY report
Big energy deals dominate in year so far.
Romania keeps monetary policy rate at 6.5%
High uncertainties and risks stem from Romania's fiscal and income policy stance, as well as external factors.
Official inflation in Turkey falls below policy rate for first time since July 2021
Stands a percentage point below the central bank benchmark of 50%. But the ENAG unofficial reading puts it at 89%.
Turkey’s manufacturing industry in September endured worst slowdown since May 2020, PMI shows
Worrying picture for companies experiencing challenging demand conditions.
Bosnia’s GDP growth slows to 2.2% y/y in 2Q24
Full year growth is projected at around 2.6% for 2024, faster than the 1.7% in 2023.
Romania’s public debt edges down to 51.4% of GDP in June
Slower economic growth and lower inflation this year failed to dilute the indebtedness ratio that has been above 50% since February.
Bosnia’s annual CPI inflation slows down to 1.3% y/y in August
Inflation in Bosnia has slowed down significantly, which has boosted the retail trade and tourism.
Romanians are borrowing more and saving less
Stock of bank loans to Romanian households soared by €2.54bn in the 12 months to August 2024.
Kosovo posts annual GDP growth of 4.27% in 2Q24 led by industry and services
Growth slowed compared to Q1 but was stronger than in 2Q23.
Turkey sticks with 50% policy rate for sixth straight month
As things stand, a cut is expected in the fourth quarter.
Romania’s industrial decline paused in July
Output showed a 0.1% increase in July after three years of gradual decline.
Household consumption in Romania returns to pre-covid levels
Household consumption expenditure in Romania increased to 67.1% of GDP in Q1, the highest level since Q1 2020, and 63.6% in Q2.
Romania’s foreign trade falls as a share of total economy
Both exports and imports have stagnated over the last two years.
Serbia outpaces EU economic growth
Serbia’s gross domestic product GDP has grown at a rate 2.5 times faster than that of the European Union since 2018.