Sector suffers record rises in input costs and selling prices.
Sharp y/y growth reflects COVID-19 measures in base month November 2020, while sales stabilise in monthly terms.
Official end-of-year measure shows 36% but unofficial assessment calculates 83% amid country’s economic crisis.
Strong increase in current account gap even compared to pre-pandemic period.
The biggest contribution to inflation in December came from the sharp rise in fuel prices.
Rebound in retail and hospitality sectors drives robust growth in Q3 as IMF forecasts 7-8% GDP expansion for full year.
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.
Compared to two years ago, before the pandemic, exports were down 0.4% and imports up 9.9%.
Economic growth in Q3 was mainly influenced by the strong performance of the agriculture sector.
Surging consumer prices have so far pushed the National Bank of Poland to raise interest rates three times.
Montenegro's economy is now recovering from the deepest contraction across emerging Europe last year.
Bulgaria’s consumer prices increased by 7.3% y/y in November, accelerating from 6% a month earlier.
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.
Deficit widens from 4.7% in the 12 months to October 2020 and 5.0% in the period to October 2019.
Slovakia´s inflation reached 5.6% in November, with core inflation standing at 6% and net inflation at 6.4%,
Annual inflation reached 7.5% in November, mainly driven by higher food and energy prices.
Contractions in the automobile industry and oil refining were mainly responsible for the decline in overall production.
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.
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.
A large part of the FDI was actually retained earnings generated by the two major banks, TBC and Bank of Georgia.