Economy

Bulgaria's international currency reserves excluding gold increased to EUR11.0bn in December, from EUR10.8bn in November. In month-on-month terms this means foreign currency reserves... 2012-01-31

Industrial production growth came in at 0.3% y-o-y in November, bringing the year-to-date average to 3.1% (down from 4.3% over the January-August period). While we estimate average... 2012-01-31

Romania's official reserves increased to EUR37.3bn in December, from EUR36.0bn in November. The country's international foreign currency reserves (excluding gold) also increased by... 2012-01-30

Albania's relatively low level of trade and financial integration with Western Europe will not protect its economy from the marked deterioration that has occurred in eurozone macroeconomic... 2012-01-30

Growth in foreign investment is likely to come in strong in 2011, providing both cover for Macedonia's current account deficit and helping to create much-desired jobs. However, political... 2012-01-30

Producer price inflation remained elevated in December at 13.3% y-o-y, down only slightly on November's print of 13.7%. We expect the continued knock-on effects of currency weakness... 2012-01-27

We believe exchange rate stability will prevail in 2012 but expect a steady depreciation of the kuna against the major currencies on the back of a weak economic growth outlook and... 2012-01-26

BMI View: Serbia's economic growth slowed to 0.5% year-on-year (y-o-y) in Q311. The Serbian Statistical Office cut its preliminary estimates by 0.2% as trade flows and manufacturing... 2012-01-25

The most recent data released shows the Slovenian unemployment rate rising to 11.9% as of October 2011, up from 11.5% in September and 11.4% back in June. We continue to target an end-2011... 2011-12-30

In its latest country review, the IMF has warned Macedonia to "be prepared" for the downside risks that come with the expected downturn in the Eurozone. At the same time, it praised... 2011-12-30