Hungarian forint slips to all-time low against the euro

Tamas Szilagyi in Budapest January 24, 2020

The Hungarian forint is amongst the worst-performing currencies this year, and its depreciation is forecast to continue thanks to the central bank’s dovish policies.

Russia’s industrial output grew 2.1% on the year in 2019 and 8.9% on the month in December

bne IntelliNews January 24, 2020

Russia’s industrial output grew 2.1% on the year and 8.9% on the month in December after rising 0.3% on the year in November

Polish retail sales accelerate growth in December

bne IntelliNews January 23, 2020

The expansion in December is hardly a surprise even if it fell slightly short of consensus. Poles’ robust consumer spending is driven by the good situation on the labour market, growing wages in particular.

Russia's Watcom shopping index ends 2019 on five-year high as consumption recovers

Ben Aris in Berlin January 23, 2020

The Watcom shopping index finished 2019 on a high note, putting in its best result in five years after under-performing for almost the whole year.

Ukraine’s retail sales up 10.5% in 2019

bne IntelliNews January 22, 2020

Ukraine’s retail sales grew by a healthy 10.5% y/y in real terms in 2019, accelerating from from 5.8% y/y in 2018, Ukraine’s State Statistics Service reported on January 21.

Russia’s gross international reserves reach $557.5bn, surpass pre-crisis peak

bne IntelliNews January 22, 2020

Russia’s gross international reserves (GIR) topped $557.5bn on January 10, according to the Central Bank of Russia (CBR), surpassing the previous all-time high in 2008.

Slovenia ranks first in emerging Europe in social mobility

bne IntelliNews January 21, 2020

Most economies are failing to provide the conditions in which their citizens can thrive, said the World Economic Forum on releasing its new social mobility index.

Moldova’s industrial output up 2.5% y/y in 11M19

bne IntelliNews January 21, 2020

Rise was driven by electronics and automotive sectors where foreign investors have developed production facilities, while light industry keeps losing ground due to the lack of workforce.

Estonian PPI deflation deepens in December

bne IntelliNews January 20, 2020

The headline figure also sees the PPI inflation rate below zero for the fifth consecutive month after an uninterrupted growth period of nearly three years.

Moldova’s exports stagnate and shift toward CIS countries

bne IntelliNews January 20, 2020

Moldova’s exports contracted by 1% y/y to $266.6mn in November as the recovery in exports to the CIS was not strong enough to offset the drop in exports to the EU.

KMPG evaluates McDonald's impact on Hungarian GDP at €456mn

bne IntelliNews January 19, 2020

McDonald’s opened its first restaurant in Hungary in April 1988 and since then it has become a dominant player in the fast food market.

Albania’s 2019 foreign trade gap widens 5.7% y/y

bne IntelliNews January 19, 2020

Albania has historically run a substantial trade deficit caused by its narrow production and export base, and has partly funded this with remittances from Albanians living abroad.

Belarus GDP grew by 1.2% y/y in 2019

bne IntelliNews January 17, 2020

The Belarusian government forecasts the nation's GDP to increase by 0.7% y/yin the first quarter of 2020, by 1.6% y/y in the first half of the next year, 2.2% y/y in January-September, and by 2.8% y/y over the year.

Jump in Polish CPI confirmed at 3.4% y/y in December

bne IntelliNews January 15, 2020

Higher prices in food, housing, hotels and restaurants, as well as culture and recreation segments drove the result, though a pick-up in core inflation also played a role.

Romania’s external debt rises on chronic wide CA gap

bne IntelliNews January 14, 2020

Romania’s current account deficit reached €10.7bn, nearly 4.9% of GDP, in the 12-month rolling period ending November, 22.7% up y/y.

Ukraine consumer inflation ends 2019 at 4.1%

bne IntelliNews January 13, 2020

Ukraine’s consumer prices declined 0.2% month-on-month in December from 0.1% m/m growth in November, while annual inflation slowed to 4.1% y/y from 5.1% in November

The number of unemployed Czechs reached its lowest level since 1996

Nelly Tomcikova in Prague January 10, 2020

At the end of last year, the number of unemployed job applicants in the Czech Republic reached 215,532, which is the lowest figure since December 1996.

Ukraine international reserves grew by 22% in 2019

bne IntelliNews January 9, 2020

Ukraine's reserves hit a 14 year high of $25.3bn in 2019

Russia's inflation at 3% in 2019

bne IntelliNews January 9, 2020

Russia's consumer price inflation posted 0.4% month-on-month in December 2019, translating into a 2019 full-year CPI of 3% year-on-year versus 4.3% y/y seen in 2019, according to the preliminary estimates of the Rosstat statistics agency.

Romania’s M&A market hits 10-year record in 2019 finds Deloitte

Iulian Ernst in Bucharest January 9, 2020

110 M&A deals took place in Romania in 2019, with a estimated value of between €4.0bn and €4.4bn, according to consultancy firm Deloitte.