Data
Romania’s trade deficit hits 9.7% of GDP in 12 months to October
The annual growth rates for Romania’s exports, imports and trade gap are slightly above the medium-term trends as global trade is recovering from the slowdown last year.
Gas price hike sends Moldova’s inflation up to 12.4% in November
Moldova's central bank has raised the refinancing rate four times this year in an attempt to hold back soaring inflation.
Czech inflation up to 6% y/y in November
Rising prices likely to make central bank continue raising interest rates next week.
European gas storage falling fast, on course to end the heating season with only 10% left in storage
Gas storage in Europe continues to fall at worrying rates, suggesting storage levels will drop to their lowest level in ten years of around 10% by the end of the heating in the last week of March.
Putin’s vote in presidential elections falling, but he still doesn't face a challenger
Russian President Vladimir Putin has lost 8% in a poll by an independent pollster the Levada Center measuring the share he would win if presidential elections were held tomorrow, but he is still far in front of any other potential candidate.
Unemployment in Georgia up 2.5pp y/y to 19.5% in Q3
In the fourth quarter, the base effects will dissipate and the annual figures may decrease.
Ukraine’s NBU hikes rates by 50bp to 9% to curb high inflation
The National Bank of Ukraine (NBU) hiked rates by 50bp on December 9 to bring the prime rate to 9% as it continues to fight stubbornly high inflation.
Hungary’s consumer prices rise by 7.4% in November
Governor Gyorgy Matolcsy recently revised the MNB’s 2022 inflation target to 4.7-5.1%, well over the present guidance of 3.4-3.8%.
Romania’s public debt to GDP ratio edged up by only 1.1pp in January-September
Political turmoil this autumn prevented the executive from tapping foreign markets as planned.
Czech unemployment rate down to 3.3% in November
Czechia records lowest unemployment in EU, with labour shortages creating 0.7 applicants per vacancy
Romania’s GDP up 7.4% y/y in Q3 helped by robust harvest
Romania’s economic growth eased to 7.4% y/y in the third quarter of the year from 13.9% y/y in Q2, with agriculture the main growth driver.
Supply chain problems weigh on Hungary's industry
Industrial output fell for the second straight month in October, down 3.4% y/y and by 2.7% when adjusted for working days.
Czech industrial output posts a drop of 4.9% y/y in October
Compared to September figures, the industrial output went up by 0.9%.
Georgia’s manufacturing output up real 11.5% y/y in Q3
Compared to the third quarter of 2019, the production value in the manufacturing sector expanded by an annualised real rate of 2.9% per annum.
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Russia's saw another month of declining car sales in November, down 20%
Russia's saw another month of declining car sales in November, as units sold were down 20.4% y/y to 125,466 units, according to the latest report published by AEB.
Slovak GDP up by only 1.3% in 3Q21
In 3Q21, the performance of the Slovak economy approached the pre-pandemic level, however, it still lacked 0.7% to reach 2019 figures.
Georgia’s inflation remains above 12% y/y in November
The biggest part of the 12.5% y/y annual inflation (5.35pp) was caused by the 17% y/y increase in food prices.
Russia GDP growth up to 4.9% y/y in October due to base effects, but growth is slowing
Russia turned in growth of 4.9% y/y in October, up from 3.7% a month earlier, but the good result was largely a result of surging oil production as the OPEC+ deal comes to an end and low base effects from the coronavirus (COVID-19) pandemic in 2020.
Labour demand increases further in Croatia in November
Labour demand in November exceeding its 2019 and 2020 levels as the Croatian economy recovers.
Private consumption’s post-COVID recovery comes to an end in Romania
The annual growth rate of Romania's retail sales index eased to 4.0% y/y in October from 6.8% y/y in September.
