Kosovo expects GDP growth to exceed projected 7.9% this year

bne IntelliNews July 26, 2021

Economy minister says growth could be as high as 10% this year, but analysts warn this can only be achieved with major investments.

Surge in arrivals from Kosovo pushes Albanian tourist arrivals to pre-pandemic level

bne IntelliNews July 25, 2021

Arrivals from neighbouring countries shot up when Albania eased restrictions.

Bulgaria’s central bank revises up 2021 economic growth forecast to 4.1%

bne IntelliNews July 24, 2021

National Recovery and Sustainability Plan projects, together with higher exports and domestic consumption to drive recovery in Bulgaria.

Average gross wage in Slovenia up by a real 3.9% y/y in May

bne IntelliNews July 22, 2021

Wage growth accelerated from just 0.9% y/y in the previous month.

Polish retail sales ease growth to 8.6% y/y in June

Wojciech Kosc in Warsaw July 22, 2021

Household consumption set to be one of the main drivers of Poland’s economic growth in 2021.

Natural disasters caused €80mn of damage to Croatian agriculture in 2021

bne IntelliNews July 21, 2021

Frost, flooding and pests all damaged crops in Croatia this year, raising fears of price increases.

Poland’s industrial production eases growth in June

Wojciech Kosc in Warsaw July 21, 2021

Poland’s industrial production growth expanded 18.4% year-on-year at constant prices in June, after jumping 29.8% y/y the preceding month.

May industrial slowdown in Europe touches Moldova

bne IntelIiNews July 21, 2021

Industrial production dropped by 7.8% m/m in May in the deepest monthly decline since the initial lockdown last March.

Georgia’s June domestic exports expand 18.5% versus two years ago

Iulian Ernst in Bucharest July 20, 2021

Against first half of 2020, exports, at $1.38bn, rose by 27.8% y/y and, more importantly when it comes to the long-term trend, grew 24.2% compared to 1H 2019.

Inflation in Ukraine stabilises at 9.5% y/y in June, NBU rates "hold" decision vindicated

bne IntelliNews July 19, 2021

Consumer prices in Ukraine increased by 0.2% m/m this June, the same as in June last year. As a result, annual inflation remained at 9.5% y/y. However, core inflation accelerated to 7.3% y/y from 6.9% in May.

Russia producer price inflation comes off recent all-time high, but remains over 30% y/y

bne IntelliNews July 19, 2021

After exploding this year, Russia’s producer price index of inflation (PPI) peaked in May but still remains at record highs.

Putin's popularity stable but Duma remains the most unpopular institution in Russia

bne IntelliNews July 19, 2021

Russian President Vladimir Putin’s personal approval rating remains stable having risen from 65% in April to 67% in May before falling back to 66% in June – a level it has been sitting at for most of the last decade.

Romania’s current deficit up 85% y/y in January-May, FDI surges 3.2 times

Iulian Ernst in Bucharest July 16, 2021

Romania’s current account balance and foreign direct investment figures reveal a sharp increase in the country’s external deficit balanced by stronger FDI.

Polish CPI growth eases to 4.4% y/y in June

by Wojciech Kosc in Warsaw July 16, 2021

June expansion extends the period of ongoing high inflationary pressure in Poland.

North Macedonia’s central bank affirms key rate at 1.25%

bne IntelliNews July 15, 2021

North Macedonia’s central bank kept its key rate at the same level of 1.25% on July 14, as it assessed it appropriate for the current economic and financial conditions.

Bulgaria’s consumer prices speed up growth further in June

bne IntelliNews July 15, 2021

Bulgaria’s consumer prices increased 2.7% y/y in June, after rising by 2.5% year on year in May. The consumer price index (CPI) moved up 1.5% compared to December but dropped by 0.2% month on month

Erdogan’s calls for rate cuts unmet as Turkey’s central bank sticks to 19% benchmark

bne IntelIiNews July 14, 2021

Regulator cites risks in inflation outlook. Denied cheaper money, president may now turn to selling rapid rebound in economy.

Kyrgyz economy contracts by 1.7% in H1

Kanat Shaku in Almaty July 14, 2021

Trend, however, suggests economic recovery may be taking hold.

Georgia's foreign trade in first half up 21.3% y/y

bne IntelIiNews July 14, 2021

Georgia's foreign trade turnover recovered to pre-coronavirus crisis levels in Jan-Jun this year. The trade deficit was slightly smaller, yet amounted to 15% of full-year GDP.

Inflation wave reaches Moldova’s relatively closed economy

bne IntelliNews July 13, 2021

There are signs that Moldova’s economy, as small and relatively closed as it is, will not remain untouched by the inflationary wave.