The Russian federal budget posted revenue growth of 50% year on year to RUB11.7 trillion ($128bn) in 4M24, achieving revenue growth rate of 41% y/y in April 2024 alone, according to the preliminary data from the Finance Ministry.
BNR noted that the CORE inflation eased less than expected during the first quarter of the year.
Consumer price indices in Czechia increased by 2.9% year on year and by 0.7% month on month as food, alcohol and tobacco prices spiked.
Announcement comes after state in April dispensed with regulating coal prices.
Forecast lowered to 2.6% after underperformance in 2023 and less favourable external environment this year.
The influential sector of transportation equipment manufacturing decreased by 14.7% y/y.
Lower utilities prices were the main factor dragging down overall inflation.
Ankara’s move is, however, unlikely to have a major macroeconomic impact in either country, assessment concludes.
Czech industry decreased by 2.7% year on year and by 1.6% month on month in March, the Czech Statistical Office (CZSO) reported. The drop comes after a slight 0.7% y/y increase in February, which ended a three-month skid in industrial output.
Firms generally upbeat on year ahead, but facing difficulties in retaining staff.
The high lek has made Albania's exports increasingly uncompetitive on European markets.
PMI index compiled by BCR Romania registered its first above-neutral score seen since data collection began last July.
The seasonally adjusted S&P Global Russia Services PMI Business Activity Index just about broke even, posting 50.5 in April, down from 51.4 in March and only just above the 50 no-change benchmark. S&P Global reported on May 6.
Poland's Purchasing Managers' Index fell 2.1 points to 45.9 in April.
The Organisation for Economic Co-operation and Development (OECD) has increased its GDP growth projection for Russia in 2024 from 1.8% to 2.6% in 2024, making it the sixth-fastest growing major economy globally this year.
The 2024 World Press Freedom Index, compiled by Reporters Without Borders (RSF), was released today. This year, the agency highlights a “worrying decline in support and respect for media autonomy and an increase in pressure from the state.
After coming to a total stand still in the months after the invasion of Ukraine two years ago, Russia's automotive sector has almost made a complete recovery and is on course to sell 1.3mn cars this year - AEB
Alternative reading from economists is 124%. Analyst predicts central bank won’t shift to rate cuts until next year.
Firms successfully secure new business with competitive pricing strategies.
S&P highlighted stronger contractions in production and weak client demand amid the burdens of the difficult manufacturing environment, which was also pressured by waning external demand.