Research by Sarajevo-based Center for Policy and Governance shows high levels of undeclared and partially work in Western Balkans and Croatia.
In January 2021 retailers reported sales of BNY4.2bn ($1.7bn), which accounted for 99.1% of retail sales in January 2020 in comparable prices, according to National Statistics Committee, as cited by the state-owned BelTA.
The central bank expects inflation to remain low and stable — as it has been for the last eight years — as the country recovers from the coronacrisis.
Apartment prices increased 15% q/q in 4Q20 but were still down by 11.3% y/y in emerging Europe's worst hit economy by the coronacrisis.
Calendar effects subdue growth, which is expected to pick up as German economy recovers.
Hawkish tone including commitment to fight inflation will help to underpin further rally in lira in coming months says analyst. Erdogan swallowing “bitter pill” of high rates.
All four components of the consumer confidence indicator improved compared to January.
The profile of exports has changed since the pandemic: Albania exports more construction materials and metals, while textiles and footwear exports have fallen.
In a year marked by a 3.9% GDP contraction, the sector has been one of the few pockets of growth.
Hungary’s economy grew 1.1% in Q4 on a quarterly basis, while in FY2020 GDP fell 5.1%
Russian retail investment into stocks and bonds has finally taken off after decades of effort by the financial authorities. In 2020 retail investors put RUB638bn ($8.6bn) into foreign stocks and bonds, according to the Central Bank of Russia.
ING raises 2021 forecast after National Statistical Institute's estimate for economy's Q4 performance is considerably better than expected.
Russia’s industrial production fell 2.5% y/y in January, according to Rosstat’s monthly report released on February 16.
Foreign purchases of Ukrainian government bonds are returning to their peak levels of late 2019 after the government hiked rates
Romania added €15.6bn to its external debt in 2020, pushing the total up to €125.4bn or 57% of GDP.
Rising inflationary pressure seen as unlikely to lead to tighter monetary policy.
Indicator inches up m/m as current order volume and future expectations improve slightly.
The reading shows Poland’s economy taking a dip again after recovering in the third quarter after the spring COVID-19 lockdown.
Romania's industrial production index posts positive growth for only the second time since May 2019.
Economy shrank during the strict spring 2020 lockdown, while the government had to hike spending to support the economy and rebuild after the 2019 earthquake.