Bulgaria has worst air pollution in the EU, Eurostat says

bne IntelliNews June 4, 2021

Bulgaria has been struggling for years with air pollution in urban areas, particularly in winter.

Turkey sees surprise drop in inflation to 16.6% in May

bne IntelIiNews June 3, 2021

Calculations from independent Inflation Research Group, headed by Istanbul academics, again clash with official picture.

Kazakh annual CPI inflation at 7.2% in May

bne IntelIiNews June 3, 2021

Annual consumer price index (CPI) inflation in Kazakhstan stood at 7.2% in May, according to data published by the country’s statistics office.

Kazakh GDP contracts 1.5% y/y in Q1 updated figures show

bne IntelIiNews June 3, 2021

Kazakhstan's GDP contracted by 1.5% y/y in the first quarter, according to latest official figures provided by the national statistics office.

Bond issues and startup listings push Bucharest Stock Exchange to new records

Iulian Ernst in Bucharest June 3, 2021

The Bucharest Stock Exchange boasted the highest daily liquidity in its history in the first five months of 2020.

Ukraine’s current account went into a $837mn surplus in April from deficit in March

bne IntelliNews June 2, 2021

Ukraine’s current account switched to a surplus of $837mn in April, from a $333bn deficit in the prior month, due the positive balance in trade and primary income, the National Bank of Ukraine (NBU) said in a preliminary report on May 31.

Poland’s CPI accelerates growth to 4.8% y/y in May

Wojciech Kosc in Warsaw June 2, 2021

The flash reading for May adds to the pressure on the central bank to tighten its currently super dovish monetary stance.

Lockdown pushes Turkish manufacturing back into PMI contraction territory for first time in year

bne IntelIiNews June 1, 2021

Survey also shows supply chain problems remain widespread, contributing to strong inflationary pressures.

North Macedonia’s net FDI down 82% y/y in 1Q21

bne IntelliNews June 1, 2021

Pandemic caused businesses to delay their investments into North Macedonia.

Russia’s manufacturing PMI up to 51.9 in May, highest level in over a year

bne IntelliNews June 1, 2021

The headline seasonally adjusted IHS Markit Russia Manufacturing PMI registered 51.9 in May, up from 50.4 in April, its strongest improvement since March 2019, Markit said in a press release on June 1.

Russia’s gross international reserves tops $600bn for the first time ever

bne IntelliNews June 1, 2021

Russia’s gross international reserves (GIR) posted $600.9bn in May, its highest level ever, and $2bn more than the previous all time high set in August 2008, just before the global financial crisis hit.

Wages in Moldova up real 10% y/y in Q1

bne IntelliNews June 1, 2021

The pandemic has reduced the number of jobs in Moldova but the average wage has increased.

Polish GDP eases fall to -1.4% y/y in Q1 as consumption and investment grow

Wojciech Kosc in Warsaw June 1, 2021

The reading is an upward revision of 0.3pp versus the flash estimate published in mid-May.

Turkey’s growth surge running on feet of clay say analysts

bne IntelIiNews May 31, 2021

Country posts 1Q growth of 7% y/y but poverty is on the rise. “Most decent economists realise this growth has been bought at the price of a weaker currency and higher inflation, making Turks a lot poorer in dollar terms,” says strategist.

Real wages in Ukraine rose 19.7% y/y in April to $485

bne IntelliNews May 31, 2021

Real wages in Ukraine rose 19.7% y/y in April, accelerating from 9.5% y/y growth in March.

Slovenia turns to GDP growth of 1.6% y/y in 1Q21

bne IntelliNews May 31, 2021

The IMF predicts a strong economic rebound in Slovenia as the pandemic abates, with GDP growing by 3.9% in 2021 and 4.5% in 2022.

Russian corporate profits extend gains in March and well ahead of previous five years

bne IntelliNews May 30, 2021

Russian corporate profits extended their gains from the first two months of this year and made almost twice as much money in March as in any previous March since 2016, according to the latest RosStat figures.

Russian unemployment falls to 5.2%, almost back to pre-coronacrisis levels

bne IntelliNews May 30, 2021

Russia’s unemployment rate fell to 5.2%, its sixth consecutive month of decrease since the out of work rate spiked to 6.4% in August last year, according to the latest RosStat figures.

Bank lending gains momentum in Romania driven by corporate segment

bne IntelliNews May 28, 2021

The stock of bank loans in Romania increased by 8.3% y/y at the end of April to reach RON293.6bn.