Russians pile into mortgages as Moscow property market revives

Ben Aris in Berlin November 13, 2018

Moscow’s property market is showing signs of life. Russians took out more mortgage loans in 9M18 than in all of 2017 as rates dropped to an all time low.

Slovenia’s industrial production growth slows in September

bne IntelliNews November 12, 2018

Industrial output growth has accelerated in recent years, but small, export-oriented Slovenia is vulnerable to slowdowns in global trade.

Czech inflation slows to 2.2% in October as food prices fall

bne IntelliNews November 12, 2018

Czech consumer price inflation further slowed down to 2.2% year-on-year in October from 2.3% in September, the Czech Statistical Office (CSU) reported on November 9.

Romania’s trade gap further deepens in Q3

bne IntelliNews November 12, 2018

Fob/cif trade deficit widened by 18.1% y/y to €3.6bn in Q3, returning to the sharp pace of deterioration that was interrupted by a more moderate weakening in Q2.

Ukraine inflation up to 9.5% in October, but slows in month on month terms

bne IntelliNews November 11, 2018

Inflation is beginning to fall thanks to tough action by the National Bank of Ukraine, which has hiked interests rates twice this year.

Lithuanian CPI accelerates growth in October

bne IntelliNews November 10, 2018

The annual price growth in October extends the inflationary trend in the Lithuanian CPI to 34 months.

Turkey cancels three scheduled domestic auctions following eurobond issue

bne IntelliNews November 9, 2018

Analysts say bullish move follows surprisingly good October fiscal numbers, with cash deficit down to one-fifth the year-earlier level.

Sino-Russian trade turnover on track to top $100bn this year

bne IntelliNews November 8, 2018

Trade turnover between Russia and China was up by more than a quarter in the first ten months of this year to $87.2bn.

US, Russia battle for title of the world’s biggest crude oil producer

bne IntelliNews November 8, 2018

US crude oil production set another all time high of 11.6mmb/d in early November, just ahead of Russia's new record of 11.36mmb/d.

Russia's car sales remain strong in October ahead of VAT hike

bne IntelliNews November 8, 2018

Sales of cars and light commercial vehicles (LCVs) in Russia in October increased by 8% year-on-year to 0.16mn units, with January-October 2018 sales up by 14% y/y to 1.46mn, the latest data from the Association of European Businesses (AEB) shows

Russia's inflation up to 3.5% in October, but still within CBR's targets

bne IntelliNews November 7, 2018

Russia's Consumer Price Inflation (CPI) continued to accelerate, registering 3.5% year-on-year in October 2018, up from 3.4% in September, versus 3.1% seen in August and 2.5% in July, but still below the central bank's target rate of 4%

October recovery for Turkish lira from consecutive Real Effective Exchange Rate record lows

Akin Nazli in Belgrade November 6, 2018

However, reading stands below what was seen in July.

Belarus' gross international reserves rose to $7.1bn as of November 1

bne IntelliNews November 6, 2018

Reserves were bolstered by budget revenues, a loan tranche from the Eurasian Fund for Stabilisation and Development, and revenues from selling foreign currency denominated government bonds.

Russia’s services PMI surges on the back of improving economic recovery

bne IntelliNews November 6, 2018

IHS Markit Russia Services Purchasing Managers Index rose in October to 56.9 from 54.7 a month earlier as the recovery gained momentum. The manufacturing PMI was also back in the black in October.

Romania’s debt-to-GDP ratio 2.5pp down y/y as of end-August

bne IntelliNews November 6, 2018

Romania has added €2bn to its public debt in the past 12 months, bringing it to €66.9bn (34.7% of GDP) as of the end of August, according to the finance ministry. The country will add more debt in the coming years.

Czech retail trade up in September, driven by rising online sales

bne IntelliNews November 6, 2018

Czech non-adjusted retail trade slowed to 1.4% year-on-year at constant prices in September, down from 4.2% in July, the Czech Statistical Office (CSO) data shows

Ukraine's currency reserves back up to $18.1bn, over three months of import cover

bne IntelliNews November 6, 2018

Ukraine’s gross international reserves (GIR) increased by 0.6% in October to $16.737bn as of November 1, according to National Bank of Ukraine (NBU), thanks to the recent Eurobond issue.

Turkish markets rally after US confirms sanctions waiver on Iranian oil imports

bne IntelliNews November 5, 2018

Stock market, Turkish lira, bonds and Halkbank all have a good day.

Romania’s retail sales growth hits 5-year low

bne IntelliNews November 5, 2018

The outlook is grim amid the economic slowdown, rising interest rates and lack of room for further fiscal stimulus.