Macro

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),

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,”

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)

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