Slovak consumer prices up by 5.1% y/y in October

bne IntelliNews November 15, 2021

Inflation rises the fastest in the past 13 years, driven mainly by a 4.3% growth in food prices.

Real wage growth in Romania turns negative in September

bne IntelliNews November 12, 2021

The real annual rise of the net wage in Romania turned negative in September as energy prices pushed up inflation, and the trend is likely to continue.

Moldova’s inflation hits 8.8% before natural gas shock

bne IntelliNews November 11, 2021

Inflation could reach double digits in November after significant rise in natural gas prices.

Headline inflation in Romania exceeds expectations at 7.9% in October

bne IntelliNews November 11, 2021

Electricity, gas and fuel prices accounted for over half of the increase in consumer prices, which experienced their fastest growth since the VAT hike in 2010.

Serbian central bank keeps key policy rate at 1.0%

bne IntelliNews November 10, 2021

National Bank of Serbia holds policy rate but says it will continue with monetary tightening via the repo rate.

Microchip shortage still cuts Russian car sales by 18% in October

bne IntelliNews November 9, 2021

Russia’s new car and light commercial vehicle market saw the fourth consecutive month of year-on-year decline in October, as the sales took another cut of 18% y/y to 0.126mn.

Albania’s inflation steadies in October

bne IntelliNews November 9, 2021

Albania’s inflation has accelerated strongly this year as its economy recovers from the initial shock of the coronavirus pandemic.

Czech unemployment rate down further to 3.4% in October

bne IntelliNews November 9, 2021

Czech unemployment fell to 3.4% (to 251,689 job seekers) in October, down from 3.5% recorded in September, posting a drop of 19,996 people registered year on year.

North Macedonia’s annual inflation speeds up to 4.1% in October

bne IntelliNews November 8, 2021

Transport costs increased the most in October, by 18.4% y/y, followed by hotel and restaurant prices by 8% y/y.

Romania’s retail sales up 9.4% y/y in Q3, but keep moderating

bne IntelliNews November 8, 2021

The rise in retail sales is stabilising after the pronounced volatility seen during the first year of the pandemic.

Moldova doubles inflation forecast for 2022 to 14%

bne IntelliNews November 8, 2021

The annual inflation rate and core inflation will increase rapidly until the first half of next year, then decline rapidly towards the end of the forecast period, the third quarter of 2022.

EBRD predicts Ukraine’s economic recovery will gather momentum to 3.5% growth this year and next

bne IntelliNews November 4, 2021

Ukraine’s economic recovery is likely to gain momentum over the remainder of 2021, the European Bank for Reconstruction and Development (EBRD) says in its latest Regional Economic Prospects (REP) report, published on November 4.

Bosnian central bank raises economic growth forecasts

bne IntelliNews November 4, 2021

CBBH now expects 5.7% growth in 2021, moderating to 3.9% in 2022.

Kazakhstan's annual inflation remains at 8.9% y/y in October

Kanat Shaku in Almaty November 4, 2021

Food inflation very slightly edges down to 11.3%.

Georgia’s inflation picks up to 12.8% y/y, driven by food prices

Iulian Ernst in Bucharest November 4, 2021

According to the central bank, the high inflation was mainly a result of one-off factors, such as significant increases in prices of food and oil on international markets.

Poland’s central bank surprises again, hiking rates 75bp to 1.25%

bne IntelliNews November 4, 2021

Fast-rising inflation – with y/y growth in October clocking in at 6.8%, a 20-year high – is finally pushing monetary policymakers to try to catch up.

Turkish officials post October inflation at 20%, Istanbul academics calculate 50%

Akin Nazli in Belgrade November 3, 2021

With markets on edge over ill-advised further rate-cutting ahead, analysts on alert over possible balance of payments crisis on horizon.

Russia’s service PMI stumbles as fresh wave of the coronavirus epidemic sweeps the country, index falls to 48.8

bne IntelliNews November 3, 2021

The seasonally adjusted IHS Markit Russia Services Business Activity Index registered 48.8 in October, down from 50.5 in September, to signal the fastest contraction in Russian service sector business activity since December 2020.

Russia’s unemployment rate falls back to historic low of 4.3% in September from corona peak of 6.4% in August 2020

bne IntelliNews November 2, 2021

Russia's unemployment rate decreased to 4.3% in September 2021 from 4.4% in the previous month and below market forecasts of 4.5%.

Russian retail sales surge 5.6% y/y in September on the back of real income growth, savings spending

bne IntelliNews November 2, 2021

Retail sales in Russia surged 5.6% year on year in September of 2021, accelerating from a 5.3% increase in the previous month, above market expectations of a 3.8% rise.