EBRD predicts Ukraine’s economic recovery will gather momentum to 3.5% growth this year and next

bne IntelliNews November 4, 2021

Ukraine’s economic recovery is likely to gain momentum over the remainder of 2021, the European Bank for Reconstruction and Development (EBRD) says in its latest Regional Economic Prospects (REP) report, published on November 4.

Bosnian central bank raises economic growth forecasts

bne IntelliNews November 4, 2021

CBBH now expects 5.7% growth in 2021, moderating to 3.9% in 2022.

Kazakhstan's annual inflation remains at 8.9% y/y in October

Kanat Shaku in Almaty November 4, 2021

Food inflation very slightly edges down to 11.3%.

Georgia’s inflation picks up to 12.8% y/y, driven by food prices

Iulian Ernst in Bucharest November 4, 2021

According to the central bank, the high inflation was mainly a result of one-off factors, such as significant increases in prices of food and oil on international markets.

Poland’s central bank surprises again, hiking rates 75bp to 1.25%

bne IntelliNews November 4, 2021

Fast-rising inflation – with y/y growth in October clocking in at 6.8%, a 20-year high – is finally pushing monetary policymakers to try to catch up.

Turkish officials post October inflation at 20%, Istanbul academics calculate 50%

Akin Nazli in Belgrade November 3, 2021

With markets on edge over ill-advised further rate-cutting ahead, analysts on alert over possible balance of payments crisis on horizon.

Russia’s service PMI stumbles as fresh wave of the coronavirus epidemic sweeps the country, index falls to 48.8

bne IntelliNews November 3, 2021

The seasonally adjusted IHS Markit Russia Services Business Activity Index registered 48.8 in October, down from 50.5 in September, to signal the fastest contraction in Russian service sector business activity since December 2020.

Russia’s unemployment rate falls back to historic low of 4.3% in September from corona peak of 6.4% in August 2020

bne IntelliNews November 2, 2021

Russia's unemployment rate decreased to 4.3% in September 2021 from 4.4% in the previous month and below market forecasts of 4.5%.

Russian retail sales surge 5.6% y/y in September on the back of real income growth, savings spending

bne IntelliNews November 2, 2021

Retail sales in Russia surged 5.6% year on year in September of 2021, accelerating from a 5.3% increase in the previous month, above market expectations of a 3.8% rise.

Kazakh manufacturing PMI shows continued improvement in operating conditions in October

Kanat Shaku in Almaty November 2, 2021

Index gains to 51.6 from 50.3 in September. Stocks of finished goods built at the fastest pace on record.

Albania has Europe’s highest share of households at risk of poverty

bne IntelliNews November 2, 2021

Eurostat data shows the share of people at risk of poverty or social exclusion was just over 50% in Albania as of 2020. No other country topped 40%.

Polish inflation accelerates to 6.8% y/y in October, flash estimate shows

Wojciech Kosc in Warsaw November 2, 2021

Inflation hits highest point for 20 years, making another rate rise a done deal.

Signs of Turkish manufacturing slowdown on supply chain difficulties seen in November PMI data

bne IntelIiNews November 1, 2021

Supply constraints “have really started to bite now”, actively limiting output and new order volumes, says IHS Markit economics director.

Russia’s manufacturing PMI back in growth territory, expands to 51.6 in October

bne IntelliNews November 1, 2021

The headline seasonally adjusted IHS Markit Russia Manufacturing PMI registered 51.6 in October, up from 49.8 in September, and signalled the first improvement in the health of the Russian manufacturing sector for five months.

Georgia’s GDP in first nine months expands 11.3% y/y and 6.3% versus 2019

Iulian Ernst in Bucharest November 1, 2021

Growth turned positive for the second consecutive month versus non-pandemic year 2019.

Annual growth of Slovenia’s retail sales speeds up to 17.1% y/y in September

bne IntelliNews October 28, 2021

Retail sales have rebounded this year as Slovenia recovers from the coronacrisis.

Croatia’s economic growth accelerates in 3Q21

bne IntelliNews October 26, 2021

Institute of Economics, Zagreb index suggests Croatia’s GDP growth accelerated further in the third quarter.

Prices of bread and flour products in Kosovo jump by up to 50%

bne IntelliNews October 26, 2021

PM Albin Kurti says the sudden hike in prices is linked with developments in the countries from which Kosovo imports products.

Bank lending in Georgia up 12.9% y/y at end-September

bne IntelliNews October 26, 2021

In real terms, deflated by the consumer price inflation, the volume of bank loans edged up by a modest 0.6% y/y at the end of September.

National Bank of Ukraine leaves key policy rate unchanged at 8.5%

Cameron Jones in Kyiv October 26, 2021

The central bank said it stands by its 2021 prediction of 9.6% inflation for Ukraine, slowing to 5% at the end of 2022.