Data
Czech growth accelerates as domestic demand-side pressure builds
The Czech economy delivered an unexpected acceleration in the third quarter, marking a clear shift from its earlier position as a regional underperformer to one of Central and Eastern Europe’s fastest-growing economies.
Eurobonds of Istanbul-listed Zorlu units offer attractive yields amid rating downgrades and no default expectation
Debut paper currently offering 14-15% yield.
Ruble strengthens as sanctioned oil companies repatriate cash
The Russian ruble strengthened after the Trump administration imposed oil sanctions on Russia’s leading oil companies, extending a rally that began after the Biden administration imposed oil sanctions on Russia in January.
Russia's central bank cuts rates by 50bp to 16.5%
The Central Bank of Russia (CBR) cut rates by 50bp on October 24 to 16.5% in an effort to boost flagging growth despite fears of a revival of inflationary pressure due to an upcoming two percentage point hike in the planned VAT rates.
Ukraine's trade deficit doubles to $42bn putting new pressure on an already strained economy
Ukraine’s trade deficit has doubled to $42bn as exports fall and imports balloon. The balance of payments deficit is starting to turn into a serious problem that could undermine the country’s macroeconomic stability.
BYD surpasses Tesla to become EV market leader – Statista
While Chinese manufacturer BYD already pulled ahead of Tesla in production volume last year, with 1,777,965 battery electric vehicles (BEV) produced in 2024 (4,500 more than Tesla), the American manufacturer remained ahead in sales.
Akbank launches autumn syndicated loan renewals season for Turkish banks at lower costs
Ten banks to roll over combined sum of $6bn.
Estonia has the world’s most competitive tax systems for the 11th year in a row – STATISTA
The Tax Foundation has released its International Tax Competitiveness Index which highlights the most competitive tax rates in different countries around the world. For the 11th consecutive year, Estonia had the highest score in the index.
EU rare earth supply dominated by China and Russia - Eurostat
The European Union remains heavily dependent on China and Russia for rare earth imports, with nearly three-quarters of its supply sourced from the two countries in 2024, according to data published by Eurostat and reported by Statista.
Turkey's central bank remains cautious, delivers 100bp rate cut
Decision comes on eve of next hearing in trial that could dislodge leadership of opposition CHP party.
Polish retail sales return to solid growth in September
Polish retail sales grew 6.4% year on year in constant prices in September, picking up from a 3.1% y/y rise in August, the statistics office GUS said.
Uzbekistan’s nine-month foreign trade nears $60bn
Export growth of 33% and import expansion of 16% y/y produce $6.4bn deficit.
Hungary’s central bank leaves rates unchanged
National Bank of Hungary expects inflation to fall back into the tolerance band by early 2026, with the 3% target sustainably achievable in early 2027 under the current strict policy settings.
Germany slowdown weighs on Lithuania’s export-driven manufacturing sector
Lithuania’s economy remains highly sensitive to the industrial cycle in Germany, its third largest trade partner.
Chobani yoghurt king Hamdi Ulukaya becomes richest Turk
Knocks Murat Ulker into second place in Forbes ranking as his company's valuation leaps to $20bn.
Poland’s industrial production jumps 7.4% y/y in September
September saw an unexpectedly sharp increase in industrial production after the surprise gain of 0.7% y/y in August.
Ukrainian M&A market grows 22% despite war, driven by local investors
Two large acquisitions by agriculture holding MHP and mobile operator Kyivstar accounted for more than half of the total deal value.
Ukraine’s credibility crisis: corruption perception still haunts economic recovery
Despite an active reform narrative and growing international engagement, corruption remains the biggest drag on Ukraine’s economic credibility, according to a survey by the Kyiv International Institute of Sociology.
India’s retail payment revolution
India’s payments landscape has reached a pivotal stage, with digital transactions now accounting for 99.8% of all retail payments.
Military aid for Ukraine falls despite new Nato PURL initiative – Statista
The Kiel Institute for the World Economy found that military aid to Ukraine dropped sharply in July and August compared to previous months, despite the implementation of the Nato PURL initiative.