Ukraine foreign reserves decline by 2.9% m/m in February

bne IntelliNews March 6, 2019

Ukraine international reserves declined by 2.9% m/m to $20.22bn in February

Romania’s retail sales maintain momentum in January

bne IntelliNews March 6, 2019

Retail sales index increased by 6.6% y/y in January, defying expectations of a slowdown in consumption.

Estonian industrial production eases growth to 4.7% y/y in January

bne IntelliNews March 6, 2019

Estonia’s industrial output has now grown for 31 months straight, helping economic expansion.

Unemployment the prime fear of politically disaffected young Croatians

bne IntelliNews March 5, 2019

Young Croatians expressed a deep distrust of political institutions and consider those in power disregard the needs and opinions of their generation, FES study finds.

CEE/CIS countries outperform income peers in terms of gender equality at work

Clare Nuttall in Glasgow March 5, 2019

Disastrous demographics and tightening labour markets will keep up the pressure on governments across the region to encourage women to enter and remain in the workforce.

Russia’s oil production down 0.3% m/m driven by production cuts, gas up 4.3%

Ben Aris in Berlin March 5, 2019

Production cuts that are part of the OPEC+ deal were responsible for the fall in oil production, while state owned gas giant Gazprom ramped up natural gas production.

Ukraine’s current account back in surplus in January

bne IntelliNews March 5, 2019

Ukraine’s current account was back in a surplus of $446mn in January from a deficit of $344mn the month before, mostly due to a smaller goods trade deficit, the National Bank of Ukraine reported

Czech economic growth in 4Q18 better than expected

bne IntelliNews March 4, 2019

Czech GDP recorded growth of 3% in 2018, driven mostly by investment activity (2 percentage points (pp)), household consumption and government expenditure (0.9pp)

Czech PMI down to lowest since January 2013

bne IntelliNews March 4, 2019

The Czech IHS Manufacturing Purchasing Managers Index (PMI) dropped to 48.6 in February from 49.0 in January, the lowest since January 2013, signalling a faster deterioration in the health of the Czech manufacturing sector

Russia's corporate profits up to a three year high in November 2018

bne IntelliNews March 2, 2019

Cumulative Russian corporate profit hit a three year high of RUB12.8 trillion ($194.8bn) in November, or a monthly profit of RUB1.3 trillion, according to Rosstat.

Russia's consumer confidence plunges as business confidence improves

Ben Aris in Berlin March 2, 2019

President Vladimir Putin is right to be concerned about rising discontent amongst ordinary Russians

Russia’s manufacturing PMI falls to a five-month low in February, but manufacturers are optimistic about 2019

Ben Aris in Berlin March 1, 2019

Russia’s manufacturing sector failed to pick up momentum, and the IHS Market manufacturing PMI fell to a five-month low in February.

Ukraine's net FDI grows $690mn in 2018, but investment needs are ten times higher

bne IntelliNews March 1, 2019

Despite rising 2.2% y/y to $32.3bn as of end-2018, inflows are well below what is needed to rebuild Ukraine's tattered economy, said acting Minister of Finance Oksana Markarova.

Ukraine real wages rise 9.5% y/y in January

bne IntelliNews March 1, 2019

Real wages in Ukraine grew 9.5% y/y in January, slightly slowing from a 9.7% y/y December advance, the State Statistics Service reported

Slovakia´s economic sentiment indicator up by one point in February

bne IntelliNews March 1, 2019

Slovakia's three-month moving average of the economic sentiment indicator (ESI) increased by 1 point to the level 98.4 month-on-month in February, mainly due to growth in consumer confidence and confidence in industry

When China stops sneezing: easing of international trade war to put Mongolia’s growth back on track

bne IntelliNews February 28, 2019

As indications grow that an easing of the trade war between the US and China is imminent, export-dependent Mongolia can expect to avoid damage to its GDP growth that would have followed a worsening of the conflict.

Czech industrial producer prices up at 2.9% y/y in January

Nelly Tomcikova in Prague February 28, 2019

Industrial producer prices in the Czech Republic rose by 2.9% year-on-year in January, according to the data released by the Czech Statistics Office on February 25

Czech capital Prague is the seventh richest region in EU in 2017 in terms of GDP per capita

bne IntelliNews February 27, 2019

Prague remains the seventh richest region of the European Union in 2017 in terms of GDP per capita, same as in 2016, followed by Slovakia’s Bratislava, according to Eurostat data published on February 26.

Hard Brexit could drag the Czech economy growth down to under 2%

Nelly Tomcikova in Prague February 27, 2019

Hard Brexit could drag the Czech economy growth down to under 2%, reducing growth of domestic economy by 0.7 to 1.4 percentage points, according to the Czech National Bank (CNB) member Board member Tomas Holub, who spoke at a conference on Brexit on