Data
Hackers target Bulgaria’s revenue agency, accessing millions of financial records
The hackers accessed the system of Bulgaria’s tax agency, revealing tax declarations, personal identification numbers, names, addresses, income and other information, which were leaked to the media from a Russian email address.
Polish inflation accelerates to 2.6% y/y in June
Inflation is expected to moderate in the second half of the year with the Polish Monetary Policy Council to remain dovish.
Average gross wage in Slovenia up by real 2.5% y/y in May
Tightening labour markets are putting upward pressure on wages in Central and Southeast Europe.
Turkmenistan exposed: Investors warned nation is “teetering on edge of catastrophe”
Despite people going hungry amid economic crisis ruling autocrats continue to pile money into vanity projects, while failing to pay contractors. Eight-lane ‘Turkmen Autobahn’ latest investment to raise eyebrows.
Fastest shrinking EU states are from Southeast Europe and the Baltics
States across Central and Southeast Europe are experiencing a long-term population decline due to a combination of low birth rates and mass emigration.
Consumer prices in Ukraine declined 0.5% in June
Prices of food (down 1.1% m/m), clothes and footwear (down 3.0%) and utilities (down 1.4%) dragged the headline figure down in June.
Russia’s current account posted a $45.6bn surplus in the first half of this year
Softer crude oil prices offset by weak domestic demand and lower imports all contributed to the surplus
Czech retail sales in May recorded the slowest growth in past 2 years
Czech retail sales fell 1% month-on-month at constant prices in May after very strong growth in previous months, and marked the slowest growth in 2 years.
Central European economies decouple from Eurozone slowdown
Economists from wiiw have revised upwards their forecasts for Central and Southeast European economies as wage-driven growth has stopped them from following the eurozone into a slowdown.
Russia’s consumer confidence index ticked up by 1 pp in the second quarter to minus 15%
The mood amongst Russian consumers brightened a tad in the second quarter of this year, but overall consumers remain very gloomy.
Slovakia ́s retail trade revenues down to 2.7% growth in May y/y, the biggest drop since 2012
Slovakia ́s revenues from retail trade (excluding car sales) increased by 2.7 % in May year-on-year, following a 1.8% gain the previous month, recording the biggest drop in retail trade since December 2012, according to data from the Slovak Statistic
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Czech industrial production puts in a surprise 3.2% growth in May, resisting German slowdown
Czech industrial production surprised analysts after it increased by 3.2% year-on-year in May, driven mainly by a 7% acceleration in the automotive industry, based on data published by the Czech Statistics Office on July 8. The consensus was for a 1%
Romania posted strong GDP growth of 5% in 1Q19
This is the highest annual growth rate in the past five quarters, defying projections of a slowdown in Romania's GDP growth.
Latvian industrial production returns to growth in May
The reading marks a return to growth for the Baltic state’s industrial sector after output fell in April in what was a third fall in the previous five months.
Poland’s unemployment rate drops to 28-year low of 5.3%
Record-low rate results in fast-growing wages and buoyed consumer confidence, making household consumption a key driver of economic growth.
Hungary's sluggish May retail sales surprise analysts
Slowing wage increases partially foreshadowed the drop, but analysts are still at a loss to explain whether the steep deceleration in retail sales growth is a blip or the start of a wider slowdown.
CEE monthly bond wrap: the number of issues in both CE and EE pick up in June as sentiment improves
The total of $5.3bn from seven issues in June was the most issued in the last four years. Eastern Europe and Russia also had a good month with issues of $5.1bn and $3.2bn respectively.
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Russian car market keeps declining in June, no growth seen in 2019
Sales of new passenger cars and light commercial vehicles (LCVs) in Russia again in June, falling by 3.3% to 0.151mn units, the latest report by AEB Automobile Manufacturers Committee (AEB AMC) shows. In January-June overall the market declined by 2.
Georgia’s inflation eases to 4.3% y/y in June as food prices moderate
Although preliminary data indicates increased economic growth in Georgia, demand side pressure on inflation remains weak, the central bank said recently.
Lack of new business pulled down Russia's services and manufacturing PMIs in June
The lack of new business has pulled all three of Russia's PMI indices down into the red, although the falls are not dramatic.