Central and Southeast Europeans have highest tolerance for corruption among EU members

People from the new EU member states that joined from 2004 onwards are more likely to think it is acceptable to do a favour, give a gift or give money to get something from a public administration, shows a new survey from Eurobarometer.

Hungary’s automotive industry output plunges 80% in April on shutdowns

Suzuki, Daimler and Audi closed their Hungarian operations in April. The three companies have a combined 5% share of the country's GDP.

Romania’s wages come to a standstill under lockdown

The average net salary in Romania in April, the first full month of lockdown, decreased by 3.7% compared to March.

Ukraine reports 0.3% m/m inflation in May

Ukraine's inflation fell to 1.7% year on year in May vs. 2.1% y/y in the prior month.

Residential property sector thrived in Romania’s richest regions in Q1

The number of new housing units completed in Q1 reached 12,714 units, 17.3% more than in the same period last year.

Watcom foot traffic index in Moscow, St Petersburg slowly starts recovery as lockdowns come off

Romania’s economy eases to slowest growth in nearly six years

GDP growth slowed to 2.4% y/y in Q1, as domestic demand — the main growth driver — lost momentum.

Turkey fortifies imports wall a little more

38 communiques in Official Gazette change tariff rates on 150 products. Desired fruits of import compression not visible in trade data yet.

No room for complacency amid new corona outbreaks in emerging Europe

Surge in new COVID-19 cases in Caucasus, Moldova and Poland, while fresh outbreaks in Balkans show virus not yet under control.

Record contraction of Czech industry in April driven by 80% fall in car production

Industrial production flopped by 33.7% y/y as just 14,500 cars were produced during the month compared to a monthly average of 120,000.