Ukraine current account deficit grew to $3.9bn in January-September

bne IntelliNews November 1, 2018

Ukraine has seen its current account deficit balloon this year as its terms of trade deteriorate. The current account deficit was $3.9bn in January-September compared to a $1.5bn deficit during the same period a year ago, according to the NBU

Ukraine moves up five places in World Bank Doing Business report to 71st

Ben Aris in Berlin October 31, 2018

Ukraine climbed five spots in the World Bank's Doing Business ranking this year to 71 from a total of 190 countries surveyed, according to the World Bank report

Wine production going strong in Eastern Europe

bne IntelliNews October 31, 2018

Global wine production rebounded in 2018 after last year’s historically low harvest, OIV data shows, with some of the East European wine producers expecting massive hikes in output this year.

Ukraine reports real wage growth at 13% y/y in September

bne IntelliNews October 30, 2018

Real wages in Ukraine grew 12.9% year-on-year in September following a 15.7% y/y growth in August, the State Statistics Service reported on October 29. The average monthly nominal wage rose to UAH9,042 a month ($321) from UAH8,977 in August

Turkish banks’ combined net income grows 13% y/y in Jan-Sept

Akin Nazli in Belgrade October 30, 2018

Amid inflation of 24.5%, annual growth on lira domestic loans falls to 10% y/y at end-September, the lowest growth registered for two years.

Lithuanian GDP growth suffers sharp slowdown in Q3, flash estimate shows

bne IntelliNews October 30, 2018

Growth decelerates to just 2.7% y/y as analysts say the likely causes are poor crop yields and manufacturing bottlenecks in the German automotive industry.

Ukraine faces $3bn external commercial, guaranteed debt repayments in October-December

bne IntelliNews October 30, 2018

The Ukrainian authorities have to repay over $3bn of debt before the end of the year that includes external commercial (but not bank) debt and guaranteed commitments made by the government in the period of October-December, according to NBU

Czech National Bank expected to hike interest rates for the fourth time this year

bne IntelliNews October 30, 2018

The Czech National Bank (CNB) is widely expected to hike its main interest rate by 0.25 percentage points to 1.75% at the November 1 monetary policy meeting

Currency transfers to Moldova decelerate to 2.5% y/y in Q3

bne IntelliNews October 29, 2018

The slower rise in transfers might help the central bank prevent further strengthening of the local currency: it remained steady versus the euro and weakened by 1.5% versus the US dollar during October.

Ukrainians believe corruption a bigger problem than war with Russia

bne IntelliNews October 26, 2018

78.9% of Ukrainians think corruption is among the most serious problems for the country, compared with 55.1% that believe war is a serious problem.

Putin’s approval rating falls to 66% in September

bne IntelliNews October 26, 2018

The Russian president's popularity took a hit following the approval of hikes to retirement ages this summer.

Turkish private lender Garanti’s 3Q net profit up 7% y/y

bne IntelliNews October 26, 2018

Quarterly results also posted by Akbank, Ford Otosan, Tekfen, Erdemir and Turkcell.

Russia's CBR keeps key interest rate unchanged as expected

bne IntelliNews October 26, 2018

The board of the Central Bank of Russia resolved to keep the key interest rate unchanged at 7.5% at the policy meeting of October 25, as widely expected by the market.

Ukraine central bank keeps key rate unchanged at 18%

bne IntelliNews October 25, 2018

The National Bank of Ukraine (NBU) has kept its key policy rate on hold at 18% following its increase by 0.5 percentage points (pp) from September 7, the regulator said following the policy meeting in a statement on October 25.

Ukraine industrial output declines 1.3% y/y in September

bne IntelliNews October 24, 2018

Ukraine's industrial output declined 1.3% year-on-year in September following a 0.5% y/y decrease in August amid continuing declines in manufacturing and utilities, the nation's state statistics service Ukrstat reported on October 23.

Slovak unemployment rate gradually decreasing in September

bne IntelliNews October 24, 2018

The registered unemployment rate in Slovakia fell to 5.38% in September, according to data published by the Centre for Labour, Social Affairs and Family (CLSAF) of the Slovak Republic on October 19.

Lithuanian industrial production ends two-year growth series in September

bne IntelliNews October 23, 2018

The reading hints at weaker economic growth in the fourth quarter.

Ukraine retail trade increases by 5.5% in January-September

bne IntelliNews October 23, 2018

Ukraine’s retail sales increased by 5.5% year-on-year in real terms in January-September, slightly speeding up from a 5.0% y/y growth in January-August, according to the nation’s state statistics service Ukrstat.

Russian corporate profits soar thanks to high oil prices

Ben Aris in Berlin October 23, 2018

The net profit of Russian non-financial corporations is up by half in the first half of this year thanks to higher than expected oil prices, according to a new report by HSE’s Center for Development.

Estonian PPI inflation eases in September

bne IntelliNews October 22, 2018

September's figure ended a mini-series of three months of accelerating PPI inflation.