Real gross domestic product

Serbia's real gross domestic product (GDP) grew 1.3 percent in the fourth quarter of 2015, relative to the same quarter of 2014.

This is according to a preliminary estimate of the Statistical Office.

Bulgaria's real GDP growth is expected to accelerate to 1.3% in 2016 from 1.0% this year, according to the European Commission's Spring 2015 Economic Forecast released on Tuesday.

The country is expected to swing to 1.0% inflation next year from 0.5% deflation in 2015. The unemployment rate is forecast to decrease to 10.4% in 2015 and 9.8% next year from 11.4% in 2014.

 More steps needed to ensure money starts pouring into the economy and stabilization turns into recovery

By Dimitris Kontogiannis