Category: Economic snapshots

Mar 21
Unemployment in Southeast Europe: A Comprehensive Analysis

The job market stands as a fundamental pillar of any economy, serving as a barometer of its overall health and prosperity. Across Southeast Europe, encompassing countries such as Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Greece, Montenegro, North Macedonia, Romania, Serbia, and Slovenia, the unemployment rate serves as a critical indicator of economic stability and growth. […]

Jan 08
North Macedonia’s Dec Catering Price Index Up 6.5% YoY

North Macedonia’s catering price index in December 2023 rose by 6.5% compared to December 2022, the country’s statistical office said. In comparison with November 2023, the December catering price index increased by 0.5%, the statistics office said. Compared by groups of services, there was an increase in the index of Food by 0.5% and Alcoholic […]

Dec 22
EIB, Romania’s BRD Sogelease Sign 50 Million Euro Loan Deal

The European Investment Bank (EIB) said it has signed a 50 million euro loan agreement with Romania’s BRD Sogelease to support the country’s businesses and national economy. “The arrangement will create new opportunities for small and medium-sized enterprises (SMEs) and mid-caps, and will contribute to general sustainable growth,” EIB said in a statement. Through this […]

Dec 22
North Macedonia’s Oct Net Salary Up 17.3% YoY

North Macedonia’s net salary in October 2023 rose 17.3% year-on-year to 38,843 MKD (630.5 euro), the country’s statistical office said. This increase is caused by the increase of October’s average monthly net wage paid per employee in the sectors: Public administration and defense; compulsory social security (26.2%), Water supply; sewerage, waste management, and remediation activities […]

Dec 13
Croatian National Tourist Board Launches Early Booking Campaign for 2024

Croatian National Tourist Board (CNTB) launched a promotional campaign to encourage early bookings for the season of 2024. Among the markets covered by the campaign are those from which Croatian tourism generates the most tourist traffic and those that respond best to early bookings, namely Germany, Austria, the United Kingdom, Switzerland, and Belgium. CNTB will […]

Dec 12
Greece October Unemployment Rate at 9.6%

Greece’s seasonally adjusted unemployment rate in October was 9.6% compared to 11.8% in October 2022 and to the upwards revised 10.3% in September 2023, the country’s statistical office said. The number of employed persons amounted to 4,257,939, increased by 3.5% as compared with October 2022 and by 1.3% compared to September 2023. The number of […]

Dec 07
North Macedonia Oct Employees in Industry Up 2.9% Yo

The number of employees in industry in October 2023 increased 2.9% compared with October 2022, the State Statistical Office’s data showed. The number of employees in industry in the section Mining and quarrying in October 2023 decreased by 0.4% on annual basis, in the section Manufacturing it increased by 3.5% and in the section Electricity, […]

Dec 07
Greece Q3 GDP Up 2.1% YoY – Provisonal Data

The available seasonally adjusted data showed that in the third quarter of 2023 Greece’s GDP in volume terms increased by 0.02% in comparison with the second quarter of 2023, while in comparison with the third quarter of 2022, it increased by 2.1%, the country’s statistical office showed. The available non-seasonally adjusted data indicate that in […]

Dec 01
North Macedonia’s Top 100 Employers’ Number of Employees Up 3.1% in 2022

According to the latest research by the portal Pari, the 100 largest employers in North Macedonia employed a total of 81,426 employees, compared to 78,920 in 2021, the country’s economic chamber reported. “Of course, individually, there were companies in which the number of employees increased, and there were also those in which it decreased, but […]

Nov 30
EU Approves 100 Million Euro Recovery Grant to Slovenia

The European Commission has approved an advance payment of 100 million euro to Slovenia following the floods earlier this year. The grant is approved under the European Union Solidarity Fund (EUSF) in order to ease the financial burden of reconstruction efforts after the damage caused by the devastating floods, the European Commission said in a […]