Moldova’s inflation hits 34.3% y/y in August

bne IntelliNews September 12, 2022

Soaring natural gas prices kept Moldova's inflation on upward trajectory despite central bank's rate hikes.

Putin gives very upbeat forecast on this year results: no deficit and 2-2.5% GDP contraction

bne IntelliNews September 9, 2022

Russian President Vladimir Putin gave the most optimistic forecast for this year’s economic performance of any government yet, saying that there will be no budget deficit and that economic contraction will be no more than 2.5% on September 7.

Hungarian inflation jumps to 24-year high in August

bne IntelliNews September 9, 2022

Hungary’s annualised CPI accelerated to 15.6% from 13.7% in July.

Hungary’s industry shows resiliency in July

bne IntelliNews September 8, 2022

The output of Hungary's industrial sector rose 4.0% y/y in July, picking up from a 1.5% increase in the previous month.

Romania’s unexpected Q2 economic growth driven by services and piling-up inventory

Iulian Ernst in Bucharest September 8, 2022

Romania’s GDP increased by 5.3% y/y in Q2, driven by the services sector and a significant increase in inventory.

Russia-China trade up by a third this year, on course for $200bn

bne IntelliNews September 7, 2022

Russo-Chinese trade turnover was up by 31.4% in the first eight months of this year to $117bn and is on course to hit $200bn, the General Administration of Customs of China reported on September 7.

Ukraine’s international reserves have increased by almost 14% in August to $25.4bn

bne IntelliNews September 7, 2022

The gross international reserves of the Ukrainian central bank rose 13.6% in August to $25.44bn after the country received billions of dollars in support from its international partners and started to see the benefit from frozen debt payment deals.

Russia’s car sales down 62% in August, recovery in AvtoVaz

bne IntelliNews September 7, 2022

The sales of passenger cars and light commercial vehicles in Russia in August dropped by 62% year on year to 41,700 vehicles, according to the Association of European Businesses.

Easing inflation supports hopes for rate cuts by year-end in Georgia

Iulian Ernst in Bucharest September 6, 2022

Annual inflation rate eased to 10.9% y/y in August from the peak level of 13.9% in May.

Retail sales growth slows in Hungary as food inflation surges to 30%

bne IntelliNews September 6, 2022

Adjusted for calendar year effects, retail sales increased by 4.3% y/y and 0.5% m/m.

Romania’s retail sales resilient to inflation, up 2.5% y/y in July

bne IntelliNews September 6, 2022

Households’ purchasing power is being eroded by the rising inflation, but people keep spending as they expect even higher prices in future.

Slovenia expects solid but slightly lower GDP growth in H2

bne IntelliNews September 5, 2022

Ukraine war and sanctions to slow down Southeast Europe's fastest-growing economy.

Turkey’s official inflation rate inches past 80% y/y in August, ENAG calculates 181% y/y

Akin Nazli in Belgrade September 5, 2022

Country stays in sixth place in global inflation league.

Ukraine’s banking sector back in profit – just

Ben Aris in Berlin September 4, 2022

Ukraine’s banking sector was back in profit for the year in July, but only just, earning a cumulative UAH3.4bn ($91.98mn) in the year to date, according to the latest data from the National Bank of Ukraine.