Economic growth

Romania's economy advances 4.7pct in H1 2019, fuelled by consumption

Romania's Gross Domestic Product (GDP) in the first six months of 2019 by 4.7pct in unadjusted terms and by 4.8pct when adjusted for seasonality, compared with H1 2018, mainly fuelled by household consumption, according to provisional data released on Friday by the National Institute of Statistics (INS).

Lower Greek growth in first quarter

The 1.5 percent growth rate recorded in the first half of 2019, announced on Wednesday by Greece's statistics service (ELSTAT), raises the bar for the new government to secure the growth it seeks.
ELSTAT data showed the economy expanded at an annual 1.9 percent rate in the second quarter, accelerating from a downwardly revised 1.1 percent growth rate in the first quarter.

Lower Consumption and Exports will Slow Growth in Bulgaria in 2020-2021

The growth of the Bulgarian economy will weaken over the next two years against the background of the expected decrease in exports and domestic consumption. This is clear from the second Economic Review for the year, prepared by the Bulgarian National Bank (BNB). "We forecast the real GDP growth rate of Bulgaria in 2019 to reach 3.7%, accelerating compared to 2018.

ATHEX: Stock market losses contained

Anticipation of positive feedback from Fitch in its report on Greece, expected late on Friday, and the advance of Greek bonds helped contain the stock drop at Athinon Avenue at the end of the week, compared to significant retreats on other eurozone markets.
The Athens Exchange (ATHEX) general index ended at 885.11 points, shedding 1.11 percent from Wednesday's 895.04 points.