The foreign exchange reserves of Belarus increased by $263mn, or 3% month-on-month, to $8.89bn in August following a 4.1% m/m growth in July, according to the National Bank of Belarus (NBB).
The result was mainly attributed to the purchase of foreign exchange by the NBB at the Belarusian Currency and Stock Exchange; proceeds from the sale of bonds denominated in foreign exchange by the Ministry of Finance and the NBB; the increased cost of monetary gold; as well as the receipt of funds in foreign exchange to the budget, including export duties on oil and oil products.
In August, the government and the NBB fulfilled external and internal foreign exchange obligations worth about $550mn.
According to the regulator’s monetary policy guidelines for 2019, the volume of international reserve assets as of January 1, 2020 should be at least $7.1bn.
Poland’s economy will expand 4% in 2019, from 5.1% last year, the International Monetary Fund (IMF) said in its latest World Economic Outlook published on October 15.
Slovakia ́s industrial production recorded a year-on-year decline of 8.1% in August, the biggest drop since 2012, mostly due to a 9.5% decrease in industrial manufacturing, following a 2.8% increase in July, the Slovak Statistical Office (SSO) announ
Czech unemployment remained at 2.7% for the third consecutive month in September, data from the Labour Office of the Czech Republic released on October 8 shows .
Growth has started slowing in most of the Western Balkans economies after an all too brief period of rapid economic acceleration, finds a new report from the World Bank.
Ukraine’s gross international reserves declined 2.6% m/m, or $577mn, to $21.4bn in September after increasing 0.8% m/m in August, the National Bank of Ukraine (NBU) reported on October 7. The decline was due to high repayments on state debt.