Consumer prices in Croatia rose by 3.2% year-on-year in March 2025, easing from a 3.7% rise in February, according to the country’s statistical office, confirming an earlier estimate. On a monthly basis, the Consumer Price Index (CPI) increased by 0.4% in March, after a 0.1% dip in February. The highest annual price increases were recorded in restaurant and hotel services (+9.4%), followed
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The National Bank of Romania (NBR) decided to keep its key interest rate unchanged at 6.5% on Monday, extending the steady policy stance maintained since August 2024 and marking the third such decision in 2025. The move, widely anticipated by analysts, leaves Romania with one of the highest benchmark rates in the EU, as the country navigates heightened global trade tensions and
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The National Bank of Serbia (NBS) has opted to maintain its benchmark interest rate at 5.75% for the sixth consecutive month, amid mounting political unrest and lingering inflationary pressures. The decision, announced on Thursday, aligns with expectations from a majority of economists surveyed by Bloomberg, where 14 out of 16 participants predicted no change. However, two economists had anticipated a quarter-point rate
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Prices in Serbia’s hospitality sector increased by 12.3% year-over-year (y/y) in February, following a 13.7% rise in January, according to data from the Statistical Office of Serbia released on Monday. Among hospitality services, non-alcoholic beverages recorded the steepest annual price increase, rising 14.8%, followed by alcoholic drinks at 13.8%, food at 12.8%, and overnight stays at 6.8%. On a monthly basis (m/m),
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Slovenia’s Institute of Macroeconomic Analysis and Development (IMAD) has released its Spring Forecast, projecting GDP growth of 2.1% in 2025—a slight downward revision from previous expectations. Despite this adjustment, the Southeast European country’s economy is set to expand, fueled by private consumption, government investment, and a rebound in tourism-related services. “Domestic consumption will be the primary driver of GDP growth this year,”
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The economic growth in Southeastern Europe (SEE) slowed significantly in 2024, reflecting weaker-than-expected external demand, sluggish investment activity, and limited fiscal stimulus. The average growth rate in the region declined from 2.3% in 2023 to 1.5% in 2024, with projections of a modest rebound to 2.1% in 2025 and 2.4% in 2026, according to the European Bank for Reconstruction and Development’s (EBRD)
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Santorini, a 76-square-kilometer volcanic island, has become an economic powerhouse for Greece, contributing approximately 2.5% to the country’s GDP. However, its intensifying seismic activity now poses a serious risk to Greece’s economy, as ongoing uncertainty threatens the island’s ability to sustain its booming tourism industry, The Economic Power of Santorini Santorini’s influence on Greece’s economy is disproportionately large given its size and
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Both deposits and loans in the Cypriot banking system experienced a decrease last month, according to the August 2023 edition of ‘Monetary and Financial Statistics,’ published this week by the Central Bank of Cyprus (CBC). Total deposits in July 2023 witnessed a net decrease of €301.1 million, compared with a net increase of €399.2 million in June 2023. This shift was primarily
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