The sector, which is a major contributor to the economy, was severely hit by the coronavirus pandemic.
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.
After dynamic production increases to meet pent up demand in May-July, the growth in industrial production in August was well below consensus.
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
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 tourism sector was on track for another record year in 2020 before the pandemic hit the country, plunging it into a critical situation overnight.
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.
In August, Russian industrial production posted a 7.2% y/y decline. August brought the 8M20 dynamic to -4.5% y/y.
Sharp contractions in both industry and services to households. No sector posted positive growth during the quarter.
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.
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 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.
However, slowing of credit expansion necessitated by latest difficulties of lira may hinder recovery.
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.
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 amounted to €2.33bn and imports to €2.50bn in July.
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 posted the highest national relative VAT gap in the European Union in 2018, with 33.8% of its potential VAT revenues going missing.
Poor performances in the mining, manufacturing and utilities sector all contributed to dragging down industrial production.
Half of Ukrainians (53%) want relations with the Donbas restored and see the local population as victims, according to a poll conducted by KIIS.