Russia's banking sector profits reach four-year peak

bne IntelliNews December 18, 2018

Russia’s banking sector recovery is well underway with the sector earning more in the first eleven months of this year than it earned in the last three full years.

Russia's industrial output moderates in November, manufacturing slows down

bne IntelliNews December 18, 2018

Russia's industrial output moderated in November to 2.4% year-on-year growth from 3.7% y/y seen in October, Rosstat reported on December 18.

Belarusians' real disposable money income up 8.1% y/y in 10M18 as middle class expands

bne IntelliNews December 18, 2018

With more money in their pockets, a Belarusian middle class is emerging which is in turn driving strong growth in retail.

Belarus' GDP up 3.2% y/y in 11M18

bne IntelliNews December 18, 2018

According to the first assessment, the country's GDP in money terms totalled BNY111bn in January-November.

Russians spend a third of their income on food

bne IntelliNews December 17, 2018

The share of food spending has decreased from 55% two years ago as domestic products have replaced expensive foreign imports.

Slovakia's inflation at 2.1% in November

bne IntelliNews December 17, 2018

Inflation was pulled down by lower prices of food and non-alcoholic beverages.

FDI in Romania rises by 10% y/y in 10M18

bne IntelliNews December 17, 2018

Despite the increase in the headline figure, long-term investments are stagnating at best, with inter-company lending substituting for them.

Russia's GDP posts 1.5% growth in 3Q18

bne IntelliNews December 14, 2018

Russian statistics agency Rosstat has revised the flash estimate of GDP growth in 3Q18 from previous 1.3% y/y to 1.5% y/y. The GDP breakdown by industry showed that the financial sector, trade, transportation, and extraction are driving growth

Ukraine central bank keeps key rate unchanged at 18%

bne IntelliNews December 13, 2018

The National Bank of Ukraine (NBU) has kept its key policy rate at 18% following its increase by 0.5 percentage points (pp), from September 7, the regulator said in a statement on December 13.

Russians buy half of their consumer goods online

bne IntelliNews December 12, 2018

Recent studies show that online shopping has become a habit, and internet penetration is high, even among the older population.

Russia’s Tretyakov Gallery to digitise its famous art collection and put on a blockchain

EWDN in Moscow December 12, 2018

The Tretyakov Gallery, a leading Moscow museum that exhibits more than 190,000 works by modern and contemporary Russian artists, has decided to use blockchain to attract private capital for the digitization of its collection, reports East-West Digita

Slovak industrial production up by 1.2% y/y in October

bne IntelliNews December 12, 2018

Slovakia´s industrial output increased by 1.2% in October year-on-year, the Slovak Statistics Office reported on December 11. The growth was due to a growth in manufacturing, a drop in energy supplies and in mining and quarrying.

Ukraine reports 1.4% m/m and 10% y/y inflation in November

bne IntelliNews December 11, 2018

Ukraine’s consumer prices increased 1.4% month-on-month and 10% year-on-year in November, driven mostly by food, housing and utilities prices, the nation's state statistics service Ukrstat reports

Russia's reserves, National Welfare Fund are high, but dip slightly in last months of 2019

bne IntelliNews December 11, 2018

Russia’s gross international reserves fell slightly as of the end of November to $379.2bn from this year’s peak of $383.4bn set in September, but the sovereign rainy day fund, the National Welfare Fund, fell more heavily.

Czech consumer prices at lowest level since April

bne IntelliNews December 11, 2018

Czech inflation slowed to 2.0% year-on-year in November from 2.2% in October. The latest figure was recorded as the lowest level since April, the Czech Statistical Office (CSU) reported on December 10.

Belarus foreign reserves increase by 4.7% m/m in November

bne IntelliNews December 10, 2018

The foreign exchange reserves of Belarus increased by $3326mn, or 4.7% month-on-month, to $7.440bn in November following a 2.6% m/m increase in October, the National Bank of Belarus (NBB) said in a statement on December 7.

Slovakia´s GDP growth of 4.6% in 3Q18 driven mostly by non-domestic demand

bne IntelliNews December 10, 2018

The Slovak economy expanded at its fastest rate since the end of 2015 in the third quarter of this year, up by 1.6 percentage points to 4.6%, driven up mostly by non-domestic demand, Slovak Statistics Office shows

Czech retail trade growth accelerated by 6.4% in October, due to Christmas shopping

bne IntelliNews December 10, 2018

Czech non-adjusted retail trade increased by 6.4% in October year-on-year, up from 1.4% in September, driven mainly by sales via mail and online Christmas orders, according to the Czech Statistics Office data

Slovakia´s unemployment rate reached 6.4% growth y/y

bne IntelliNews December 10, 2018

Slovakia´s unemployment rate declined by 1.6 percentage point (pp) to 6.4% in 3Q18 year-on-year (for men it decreased by 1.8pp to 6% and for women by 1.4pp to 6.8% y/y), according to data published by the Slovak Statistics Office on December 7.

Russia's inflation accelerates to 3.8% ahead of CBR meeting

bne IntelliNews December 7, 2018

Russia's Consumer Price Inflation (CPI) continued to accelerate, registering 3.8% year-on-year in November 2018, up from 3.5% y/y in October 2018, and gaining 1.3pp since 2.5% seen in July, according to a report by Rosstat statistics agency. The infl