Romania’s inflation pushed up to double digits by rising food prices

Iulian Ernst in Bucharest April 13, 2022

Central bank board member says prices "exceeded our darkest expectations" as annual inflation rate shoots up to 10.2%.

Inflation hits 22% y/y in Moldova

bne IntelliNews April 13, 2022

Spike in commodity prices combined with need to find new suppliers after war in neighbouring Ukraine push up prices in Moldova.

Czech unemployment rate falls to 3.4% in March

bne IntelIiNews April 12, 2022

Towards 13,000 Ukrainians have found jobs since the late February invasion of their country.

Czech inflation in March up to its highest level in past 25 years

bne IntelliNews April 12, 2022

Rise in consumer prices hits 12.7% year-on-year.

Romania’s trade deficit hits 10% of GDP in 12 months to February

bne IntelliNews April 12, 2022

Romania’s trade gap widened by 30% y/y in February and by 50% y/y in the first two months of the year.

Russia’s economy to shrink by 11.2%, Ukraine’s by 45%, says World Bank

bne IntelliNews April 11, 2022

Russia’s economy will contract by 11.2% in 2022 and Ukraine’s by 45%, according to a new forecast released by the World Bank on April 10.

Hungarian consumer prices edge higher in March to 15-year high

bne IntelliNews April 11, 2022

Without government intervention, headline inflation would have been 3-4pp higher last month, analysts estimated.

Romania’s public debt-to-GDP ratio hits 50.6% at end-February

bne IntelliNews April 10, 2022

Romania’s public debt increased by €4.1bn in the first two months of this year.

Albanian inflation shoots up to 5.7% in March as Ukraine war pushes prices up

bne IntelliNews April 10, 2022

The war caused a sudden acceleration in inflation, especially for prices of energy and fuel, both of which Albania imports.

Russia’s CBR chief Nabilullina soft-lands ruble and cuts key rate to 17%

bne IntelliNews April 8, 2022

The Central Bank of Russia (CBR) made a surprise key interest rate cut from 20% to 17% on April 8 although the policy board meeting was not scheduled until April 29, as the regulator soft-landed Russian ruble to the levels at which it traded prior to

Pre-election transfers lift February retail sales in Hungary

bne IntelIiNews April 7, 2022

Retail sales rose 9.8% y/y, the fastest rate seen in almost a year,

Russian car sales down 43% in March

bne IntelliNews April 6, 2022

Sales of passenger cars crashed by 43% year on year to 78,900 units, marking a record-high monthly drop and the steepest since 2007.

Russia services and composite PMI sees fastest fall in business activity since May 2020

bne IntelliNews April 5, 2022

The seasonally adjusted S&P Global Russia Services PMI Business Activity Index plummeted to 38.1 in March, down from 52.1 in February – the biggest fall since the PMI index crashed at the start of the coronavirus (COVID-19) pandemic.

Kazakh manufacturing PMI returns to contraction territory following Ukraine invasion

Kanat Shaku in Almaty April 4, 2022

Currency depreciation and squeezed availability of inputs linked to sanctions effects on Russia send index down to 46.8 in March.

Turkey's manufacturing PMI falls into negative territory for first time in 10 months

bne IntelIiNews April 3, 2022

Effects of Ukraine war combine with exising ills.

Polish factories reel from impact of war in Ukraine

Wojciech Kosc in Warsaw April 3, 2022

Poland's Purchasing Managers' Index dropped 2 points to 52.7 in February.

Russian manufacturing PMI plummets in post-invasion March

bne IntelliNews April 3, 2022

The Russian Manufacturing Purchasing Managers Index (PMI) sharply deteriorated in March 2022, with the rate of decline after the military invasion of Ukraine accelerating to its fastest since the early stages of the coronavirus (COVID-19) outbreak.

Moldova expects 0.3% growth this year and gradual advance to 4.4% in 2025

bne IntelliNews April 1, 2022

The Moldovan government is preparing to rewrite its 2022 budget after the war in neighbouring Ukraine caused growth to falter.

Russian poll suggests growing support for government during war

Theo Normanton March 31, 2022

New data from pollster Levada Centre show that domestic support for the Russian government has increased across a range of metrics since its invasion of Ukraine in February. Trust in the president is up 10%, according to the Levada Centre.

Ruble firms to the dollar, but the exchange rates are not real

bne IntelliNews March 31, 2022

The Russian ruble surged by more than 10% on March 29 in Moscow trading, following peace talks in Istanbul, but the rates are not real, say analysts.