Data
Changed travel patterns give the eastern Adriatic a strong summer season
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
Consumer prices grew by 4.6% year-on-year in September,
Montenegro’s debt set to fall for first time since independence
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
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
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
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%
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
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
National Bank of Moldova hiked the refinancing rate in September as inflation soared past its projections.
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Non-oil exports driving Russia towards new all-time high current account balance this year
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
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
Output growth slowing down for the fourth consecutive month as chip shortage hampers recovery.
Romania’s trade gap one quarter wider than before crisis
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
Inflation hits 4.9%, up by 0.8 percentage points month-on-month.
Ukraine consumer inflation accelerates to 11% in September
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
Serbia issued its debut sovereign green eurobond as well as its longest-tenor traditional eurobond in September.
Russian international reserves fall $10bn to $612bn
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
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
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
Higher food and fuel prices have sparked protests in recent days, with demonstrators calling on the government to intervene.
