Southeast Europe / Data
Turkey's M&A volume up 35% y/y to $10bn in 2024 says KPMG
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
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
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
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
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
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
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
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
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
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
Independent economists' research group, however, measures inflation at 83% y/y.
Turkish manufacturing nearing stabilisation, PMI shows
December moderation least pronounced in eight months.