Alternative reading from economists is 124%. Analyst predicts central bank won’t shift to rate cuts until next year.
Sustained slowdown in new orders feeds through to renewed moderation in output.
More abundant and cheaper gas this year creates opportunity for resumption of industrial activity in Moldova.
Central bank is, notably, no longer talking about building up its reserves in parallel with so-called monetary framework simplification policy.
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
After spiking to 20-year highs thanks to the pandemic and Europe’s Russian induced energy crisis, inflation rates across the EU have tumbled in recent months. That trend has ended and CEE central banks are expected to hike rates again in 2H24.
On Monday, 8 April, Germany sent an advance team of 20 soldiers to Lithuania, laying the groundwork for the recently discussed establishment of a permanent brigade in the Nato country, Statista reports.
A new analysis by the energy think-tank Ember has found that several countries in Europe could soon face bottlenecks in their national transmission energy grids, as more solar and wind power will be generated than these networks have capacity for.
Winter is over, as the EU gas tanks switch from withdrawals to filling mode again in preparation for next winter. Injection into the gas tanks started on April 1, a week earlier than in 2023 and started at an all-time high record level of 59.3% full.
Year on year, retail sales increased by 3.2%, after falling by 0.1% in January.
If demand trend continues, growth-building momentum could be seen in second quarter.
Index up to 49.3 points in March as managers become more optimistic based on growth expectations, past investments and product diversification.
World Bank expects annual growth of 2.5% this year, down from 4% in 2023.
Bulgaria has the EU's lowest labour cost, while Romania still lags well behind Poland and Hungary.
The annual increase of the stock of bank loans in Romania has eased gradually from 6.4% y/y in December to 5.7% y/y in January and 4.9% y/y in February.
Romania has been catching up with the EU average faster than Hungary, which fell into recession in 2023.
Water is not only the basis of life for animals and plants but is also likely to become a contested resource in parts of the world in the coming decades, reports Statista.
National Bank of Moldova said decision aims “to slow down the decrease in inflation”.
Central bank also widens spread in overnight lending channel. Authority has been pushing local banks to borrow from the funding facility.