Changed travel patterns give the eastern Adriatic a strong summer season

Clare Nuttall in Zagreb October 17, 2021

There were some major changes in the source countries of travellers to the region as the continued coronavirus threat forced people to switch to different holiday destinations.

Slovak inflation in September up to its highest figure in 10 years

bne IntelliNews October 15, 2021

Consumer prices grew by 4.6% year-on-year in September,

Montenegro’s debt set to fall for first time since independence

bne IntelliNews October 14, 2021

Finance ministry expects government debt to drop to 87.37% of GDP in 2021, after soaring to 103% of GDP in 2020.

Georgia’s domestic exports strengthen on high metal prices

bne IntelliNews October 14, 2021

Compared to the pre-crisis period January-September 2019, Georgia’s exports increased by 9% to $2.98bn, while imports advanced by only 3.3% y/y to $7.03bn.

Hungary’s automotive sector output plunges on chip shortage

bne IntelliNews October 14, 2021

The decline in output of automotive industry companies, which accounted for 17% of total manufacturing output in August, accelerated from a 6.7% drop in July.

Romania’s industry stagnates, dragged down by disruptions in car production

bne IntelliNews October 14, 2021

Romania's automotive industry had been going strong pre-crisis and seemed to recover in late 2020 — only to be depressed by the semiconductor crisis this year.

IMF downgrades Ukraine's growth outlook for 2021 to 3.5%

bne IntelliNews October 14, 2021

The International Monetary Fund (IMF) downgraded Ukraine’s economic forecast for 2021 to 3.5% GDP growth from 4% in its April prognosis, according to the IMF’s World Economic Outlook (WEO) released on October 12.

North Macedonia’s central bank holds key rate as growth moderates

bne IntelliNews October 13, 2021

Central bank last cut its key rate to 1.25% in March and has so far not joined the shift to monetary tightening.

Moldova’s inflation leaps to 6.7% y/y in September

bne IntelliNews October 13, 2021

National Bank of Moldova hiked the refinancing rate in September as inflation soared past its projections.

Non-oil exports driving Russia towards new all-time high current account balance this year

bne IntelliNews October 13, 2021

Non-oil exports drive Russia’s current account balance to a historical quarterly high of $40.8bn in the third quarter, the CBR reported on October 11.

Annual inflation in Serbia up sharply to 5.7% in September

bne IntelliNews October 12, 2021

Central bank says rising inflation mostly caused by factors beyond the influence of its monetary policy, namely rising international food and energy prices.

Slovak industrial production slightly up y/y in August

bne IntelliNews October 12, 2021

Output growth slowing down for the fourth consecutive month as chip shortage hampers recovery.

Romania’s trade gap one quarter wider than before crisis

bne IntelliNews October 12, 2021

Strong growth in both exports and imports in August resulted in trade gap of €1.73bn.

Czech inflation in September increases to highest level in 13 years

bne IntelliNews October 12, 2021

Inflation hits 4.9%, up by 0.8 percentage points month-on-month.

Ukraine consumer inflation accelerates to 11% in September

Cameron Jones in Kyiv October 12, 2021

Annual inflation in Ukraine accelerated to 11.0% year on year in September from 10.2% for the previous month, driven mostly by food and clothing prices.

Serbian central bank reports new record for FX reserves

bne IntelliNews October 11, 2021

Serbia issued its debut sovereign green eurobond as well as its longest-tenor traditional eurobond in September.

Russian international reserves fall $10bn to $612bn

bne IntelliNews October 11, 2021

Russia’s gross international reserves have fallen by $10bn from an all-time high to $611.9bn as of October 1, according to the latest data from the Central Bank of Russia.

Romania’s stock exchange outperforms global benchmarks in September

Iulian Ernst in Bucharest October 11, 2021

The Bucharest Stock Exchange's main BET index surged by 29% in January-September, more than double the growth of the US’ S&P 500 index or Europe’s STOXX600.

Hungary’s inflation jumps to near nine-year high

bne IntelliNews October 11, 2021

In its latest quarterly Inflation Report, the National Bank (MNB) predicted a further rise in inflation in the autumn months and put CPI over 5% for the rest of the year.

Rising food prices drive accelerated inflation in Albania in September

bne IntelliNews October 10, 2021

Higher food and fuel prices have sparked protests in recent days, with demonstrators calling on the government to intervene.