Romanian currency hits record low against euro

bne IntelliNews January 9, 2019

Decline follows the central bank's decision to maintain the key rate, while central bank governor Mugur Isarescu criticised the government's controversial new tax on bank assets.

Russia’s ruble opened 2019 at three year low against the dollar

bne IntelliNews January 7, 2019

In 2018, the Russian currency lost 21.1% of its value against the dollar and 15.5% versus the euro.

One in seven workers in Eastern Europe report delayed paychecks

bne IntelliNews January 7, 2019

Part-time workers were disproportionately affected by pay delays, with 22% saying they had received late pay, compared to 14% of full-time workers.

Czech PMI dropped below 50.0 for the first time since July 2016

Nelly Tomcikova in Prague January 7, 2019

The Czech IHS Manufacturing Purchasing Managers Index (PMI) declined to 49.7 in December from 51.8 in November, the weakest growth since July 2016

Polish PMI falls to lowest point since 2013

bne IntelliNews January 5, 2019

The poor PMI reading owes to weaker demand from the EU, particularly Germany, Poland’s key trade partner.

Russia's PMI indices cool slightly in December but finish the year on a strong note

bne IntelliNews January 5, 2019

Russia’s economy slowed somewhat as the holiday season started, with the IHS Markit Russia manufacturing and services indices slowing in December from previously strong results in November but remaining above the 50 no-change mark.

Watcom shopping index catches up some lost ground in November

bne IntelliNews January 5, 2019

The index that measures footfall in Moscow’s biggest malls remains at a four-year low despite reaching its second highest level for 2018 in November.

Slovak unemployment rate at 5.09%, the lowest figure since 1993

bne IntelliNews December 21, 2018

The Slovakian unemployment rate fell to its lowest level in a decade and half. Inflation was 5.09% in November, down by 0.14 percentage points (pp) from October and by 0.86pp year-on-year, the lowest rate since 1993

Belarus central bank keeps key rate unchanged at 10%

bne IntelliNews December 20, 2018

Turkey’s November home sales down 27%, mortgage sales sink 86%

Akin Nazli in Belgrade December 20, 2018

Property market as well as ailing construction industry, once the engine of growth, stressed by country’s economic turmoil.