Bulgaria ends summer tourism season with arrivals down 80%

bne IntelliNews September 24, 2020

The sector, which is a major contributor to the economy, was severely hit by the coronavirus pandemic.

Balkan route nations least tolerant of migration

bne IntelliNews September 24, 2020

Acceptance of migrants has declined globally, and the nations of the Western Balkans that bore the brunt of the 2015-2016 migration crisis are now the least tolerant in the world, a new Gallup poll shows.

Post-lockdown recovery of Poland’s industrial production falters in August

bne IntelliNews September 21, 2020

After dynamic production increases to meet pent up demand in May-July, the growth in industrial production in August was well below consensus.

Ukraine's statistics service confirms 11.4% GDP drop in Q2

bne IntelliNews September 20, 2020

The fall in the gross domestic product (GDP) of Ukraine in April-June 2020 amounted to 11.4% compared to the same period in 2019, the State Statistics Service said on September 18, confirming its preliminary assessment published in the middle of Augu

Russia's CBR keeps interest flat on geopolitical tensions

bne IntelliNews September 18, 2020

The Board of the Central Bank of Russia has resolved to maintain the key interest rate flat at 4.25% in its policy meeting of September 18. The economy is doing well, but geopolitical tensions are rising

Hungary's domestic tourists save the day for embattled sector

bne IntelliNews September 17, 2020

Hungary’s tourism sector was on track for another record year in 2020 before the pandemic hit the country, plunging it into a critical situation overnight.

Romania’s construction sector shows strong growth in 7M20 despite pandemic

bne IntelliNews September 17, 2020

Construction, one of only two economic sectors in Romania that made a positive contribution to GDP growth in Q2, maintained a robust, double-digit annual growth rate in July.

Russia industrial production fall slows to -7.2% in August y/y

bne IntelliNews September 16, 2020

In August, Russian industrial production posted a 7.2% y/y decline. August brought the 8M20 dynamic to -4.5% y/y.

Moldova’s GDP shrinks by 14% y/y in Q2

bne IntelliNews September 16, 2020

Sharp contractions in both industry and services to households. No sector posted positive growth during the quarter.

Coronacrisis cost Serbia equivalent of 510,000 jobs

bne IntelliNews September 15, 2020

The COVID-19 pandemic led to a decline in working hours equivalent to 510,000 full-time jobs in the second half of 2020, finds a study by the EBRD and ILO.

Retail sales dropped 8.3% y/y in Albania in 2Q20

bne IntelliNews September 15, 2020

Albania was under a strict lockdown for the first month of the quarter, with many non-essential businesses closed, and restrictions were gradually lifted during May and June.

Romania’s current account gap narrows as an upside effect of crisis

bne IntelliNews September 15, 2020

Romania’s current account balance narrowed to €4.86bn in January-July, down 19.5% y/y. The correction is related to the effects of the crisis: fewer holidays abroad and lower dividends.

Turkey’s industrial production now stands only 1.6% below February peak

bne IntelIiNews September 14, 2020

However, slowing of credit expansion necessitated by latest difficulties of lira may hinder recovery.

Croatian tourist activity just over half of 2019 level in July

bne IntelliNews September 14, 2020

Croatia recorded 2.2mn tourist arrivals and 14.7mn tourist nights — a better performance than expected when the pandemic hit but still considerably down on 2019 figures.

What Belarus’ neighbours think about the revolution

bne IntelliNews September 14, 2020

With Belarus in uproar a new front in the geopolitical showdown between east and west has been opened. But really it's the people who live next door to Belarus – Ukraine, Poland and Lithuania – that matter the most

Lithuania’s exports decreased by 8.2%, imports by 13.6% y/y in 1H20

Linas Jegelevicius in Vilnius September 13, 2020

Lithuania’s exports amounted to €2.33bn and imports to €2.50bn in July.

Ukraine's consumer inflation in August reaches 2.5% y/y

bne IntelliNews September 11, 2020

Ukraine’s consumer inflation increased to 2.5% year on year in August from 2.4% y/y in the prior month, the State Statistics Service reported on September 9.

Romania remains EU’s laggard by VAT gap

bne IntelliNews September 11, 2020

Romania posted the highest national relative VAT gap in the European Union in 2018, with 33.8% of its potential VAT revenues going missing.

Bulgaria’s industrial production falls 6% y/y in July

bne IntelliNews September 10, 2020

Poor performances in the mining, manufacturing and utilities sector all contributed to dragging down industrial production.

Half of Ukrainians want to restore relations with Donbas

bne IntelliNews September 10, 2020

Half of Ukrainians (53%) want relations with the Donbas restored and see the local population as victims, according to a poll conducted by KIIS.