Data
PMI data shows Turkey’s manufacturing hit by intense inflationary pressure in December
Sector suffers record rises in input costs and selling prices.
Annual growth of Slovenia’s retail sales speeds up to 41% y/y in November
Sharp y/y growth reflects COVID-19 measures in base month November 2020, while sales stabilise in monthly terms.
Turkey ‘heading for three-digit inflation’
Official end-of-year measure shows 36% but unofficial assessment calculates 83% amid country’s economic crisis.
Moldova's current account gap doubles y/y to 12% of GDP at end-September
Strong increase in current account gap even compared to pre-pandemic period.
Slovenia’s inflation accelerates further to 4.9% y/y in December
The biggest contribution to inflation in December came from the sharp rise in fuel prices.
Kosovo posts strong economic growth of 14.53% y/y in 3Q21
Rebound in retail and hospitality sectors drives robust growth in Q3 as IMF forecasts 7-8% GDP expansion for full year.
Russia's CBR hikes key rate to 8.5%, as inflation trends at double the target
The Central Bank of Russia has resolved to hike the key refinancing interest rate by an aggressive step of 100 basis points from 7.5% to 8.5% at the last policy board meeting of 2021 on December 17.
Moldova’s foreign trade gap widens by 26% in 12 months to October
Compared to two years ago, before the pandemic, exports were down 0.4% and imports up 9.9%.
Moldova’s GDP up 8.3% y/y in Q3
Economic growth in Q3 was mainly influenced by the strong performance of the agriculture sector.
Poland’s inflation climbs 1pp to 7.8% y/y in November
Surging consumer prices have so far pushed the National Bank of Poland to raise interest rates three times.
Montenegro’s economy posts strong 25.8% y/y growth in 3Q21
Montenegro's economy is now recovering from the deepest contraction across emerging Europe last year.
Bulgaria prepares to freeze utility prices as inflation reaches 10-year high
Bulgaria’s consumer prices increased by 7.3% y/y in November, accelerating from 6% a month earlier.
Only 4% of Russians believe Russia is behind the hostilities in Donbas
A mere 4% of Russians believe that Russia is behind the hostilities in Ukraine’s eastern region of Donbas; half (50%) blame the US and Nato for the undeclared war that has been raging for more seven years, the Levada Center found.
Romania’s current account deficit hits 6.9% of GDP in 12 months to October
Deficit widens from 4.7% in the 12 months to October 2020 and 5.0% in the period to October 2019.
Slovak inflation in November hits its highest level in the past 17 years
Slovakia´s inflation reached 5.6% in November, with core inflation standing at 6% and net inflation at 6.4%,
National Bank of Serbia expects inflation to peak in late 2021 and early 2022
Annual inflation reached 7.5% in November, mainly driven by higher food and energy prices.
Romania’s industrial production falls again after post-COVID recovery
Contractions in the automobile industry and oil refining were mainly responsible for the decline in overall production.
Inflation inches down in Romania as government caps energy prices
After the government enforced the ‘cap and subsidy’ mechanism for residential energy prices, the price of electricity dropped by 12.2% m/m in November.
Slovak industrial output down by 0.6% y/y in October
Car production fell by 20% y/y with the ongoing semiconductor crisis, although the rate of decrease slowed down slightly for the third consecutive month.
Georgian FDI remains subdued
A large part of the FDI was actually retained earnings generated by the two major banks, TBC and Bank of Georgia.
