Data
USDA projects robust corn crop in Romania this year
The corn harvest is estimated at 13.7mn tonnes for the 2021/22 marketing year in Romania, one of the EU's top two corn producers.
North Macedonia’s central bank raises key rate by 0.25 pp as inflation rises
Consumer price inflation accelerated to 8.8% y/y in March, with prices pushed up by rising food and energy import costs.
Romania’s inflation pushed up to double digits by rising food prices
Central bank board member says prices "exceeded our darkest expectations" as annual inflation rate shoots up to 10.2%.
Inflation hits 22% y/y in Moldova
Spike in commodity prices combined with need to find new suppliers after war in neighbouring Ukraine push up prices in Moldova.
Czech unemployment rate falls to 3.4% in March
Towards 13,000 Ukrainians have found jobs since the late February invasion of their country.
Czech inflation in March up to its highest level in past 25 years
Rise in consumer prices hits 12.7% year-on-year.
Romania’s trade deficit hits 10% of GDP in 12 months to February
Romania’s trade gap widened by 30% y/y in February and by 50% y/y in the first two months of the year.
Russia’s economy to shrink by 11.2%, Ukraine’s by 45%, says World Bank
Russia’s economy will contract by 11.2% in 2022 and Ukraine’s by 45%, according to a new forecast released by the World Bank on April 10.
Hungarian consumer prices edge higher in March to 15-year high
Without government intervention, headline inflation would have been 3-4pp higher last month, analysts estimated.
Romania’s public debt-to-GDP ratio hits 50.6% at end-February
Romania’s public debt increased by €4.1bn in the first two months of this year.
Albanian inflation shoots up to 5.7% in March as Ukraine war pushes prices up
The war caused a sudden acceleration in inflation, especially for prices of energy and fuel, both of which Albania imports.
Russia’s CBR chief Nabilullina soft-lands ruble and cuts key rate to 17%
The Central Bank of Russia (CBR) made a surprise key interest rate cut from 20% to 17% on April 8 although the policy board meeting was not scheduled until April 29, as the regulator soft-landed Russian ruble to the levels at which it traded prior to
Pre-election transfers lift February retail sales in Hungary
Retail sales rose 9.8% y/y, the fastest rate seen in almost a year,
Russian car sales down 43% in March
Sales of passenger cars crashed by 43% year on year to 78,900 units, marking a record-high monthly drop and the steepest since 2007.
Russia services and composite PMI sees fastest fall in business activity since May 2020
The seasonally adjusted S&P Global Russia Services PMI Business Activity Index plummeted to 38.1 in March, down from 52.1 in February – the biggest fall since the PMI index crashed at the start of the coronavirus (COVID-19) pandemic.
Kazakh manufacturing PMI returns to contraction territory following Ukraine invasion
Currency depreciation and squeezed availability of inputs linked to sanctions effects on Russia send index down to 46.8 in March.
Turkey's manufacturing PMI falls into negative territory for first time in 10 months
Effects of Ukraine war combine with exising ills.
Polish factories reel from impact of war in Ukraine
Poland's Purchasing Managers' Index dropped 2 points to 52.7 in February.
Russian manufacturing PMI plummets in post-invasion March
The Russian Manufacturing Purchasing Managers Index (PMI) sharply deteriorated in March 2022, with the rate of decline after the military invasion of Ukraine accelerating to its fastest since the early stages of the coronavirus (COVID-19) outbreak.
Moldova expects 0.3% growth this year and gradual advance to 4.4% in 2025
The Moldovan government is preparing to rewrite its 2022 budget after the war in neighbouring Ukraine caused growth to falter.
