Auto sales in Turkey leap 128% in Oct as cut loan rates entice consumers

bne IntelliNews November 4, 2019

Despite strong sales performance of past two months, auto sales still 32% lower in first 10 months of 2019 year on year.

TURKEY INSIGHT: Officials say CPI now at 3-yr low but experts not convinced data is sound

bne IntelliNews November 4, 2019

“Not sure many people locally believe the data,” says one analyst. “I wouldn't be buying the mkt regardless. Too much $hit flying round,” remarks another.

Russian manufacturing PMI sector dropped in October on back of weakening client demand

bne IntelliNews November 1, 2019

The Russian manufacturing sector slowed again in October, driven by weaker client demand. Output and new orders both contracted but managers remain strongly optimistic about output over the coming 12 months.

Estonian retail sales maintain growth tempo in September

bne IntelliNews October 31, 2019

Consumption is expected to be an important driver of Estonia’s economic growth in 2019, as it was last year.

Russia’s growth driven by agriculture and wholesale trade in 3Q19

Ben Aris in Berlin October 31, 2019

Russia’s growth was driven by a growth in agriculture and rising wholesale trade in the third quarter of this year, reports Rosstat in a data release looking at the basic sectors of the economy.

Slowdown on the cards for Central Europe as economic sentiment plunges

bne IntelliNews October 30, 2019

The European Commission’s Economic Sentiment Indicators (ESIs) turned south across Central Europe in October, suggesting the economies of the region will slow down from here as a miasma descends.

Ukraine's unemployment falls to 7.8% in 2Q19, its lowest level in five years

bne IntelliNews October 29, 2019

Ukraine's unemployment started to fall more noticeably in the second quarter of this year. The unemployment level fell from 9.2% in the first quarter to 7.8% in the second.

China overtakes Poland, Russia to become Ukraine's top trade partner in 8M19

Ben Aris in Berlin October 29, 2019

More dramatic changes in Ukraine’s trade patterns as China overtakes Poland in August to become Ukraine’s biggest export and import partner.

Ukraine reports 9.8% y/y real wage growth in September

bne IntelliNews October 29, 2019

Real wages in Ukraine grew 9.8% year-on-year in September, accelerating from a 7.7% y/y growth in August, the nation's state statistics service Ukrstat reported on October 28.

Immigration drives population increase in Slovenia

bne IntelliNews October 29, 2019

Slovenia is a rare example of a Southeast European country whose population is growing, in a region where most countries are experiencing a population decline driven by mass emigration.

Ukraine's central bank cuts key rate by 1 pp to 15.5%

bne IntelliNews October 24, 2019

The National Bank of Ukraine (NBU) will cut its key policy rate by lopping off a whole percentage point and bring the rate to 15.5% per annum on October 25 from the current level of 16.5%

Czech Uber, Bolt and Liftago taxi drivers under inspection of Tax Administration

bne IntelliNews October 24, 2019

The Czech Tax Administration have introduced controls and checks on taxi drivers using the shared-economy platforms Uber, Botl and Liftago, to detect fraud related to non-payment of income tax, value added tax and road tax

Romania’s “solid” M&A market to remain active says Deloitte

Iulian Ernst in Bucharest October 23, 2019

Number of deals remained steady in Q3 though volume down after unusually high M&A activity in the same quarter last year. Deloitte points to strong pipeline of deals set to close in the coming months.

Russia's Watcom shopping index extends gains over the summer, but only because people are feeling poor

Ben Aris in Berlin October 22, 2019

The mild recovery in foot traffic in Moscow’s leading shopping malls extended gains that began at the start of summer, as retail turnover results for all of Russia also picked up in the third quarter of this year.

Polish retail sales ease growth slightly in September

bne IntelliNews October 21, 2019

Slowdown mainly related to sales of non-durable goods, while continued expansion, albeit at a slower pace, is generally in line with Poles’ robust consumer spending driven by low unemployment and growing wages.

Slovakia's unemployment rate up to 5.04% in September

bne IntelliNews October 21, 2019

The unemployment rate in Slovakia was 5.04% in September, up by 0.07 percentage points (pp) month on month, according to the data from the Labour, Social Affairs and Family Centre (UPSVR) published on October 18.