Inflationary pressures in industry were exacerbated by currency weakness, even ahead of lira’s latest plunge.
The financial and insurance, manufacturing and IT sectors grew strongly in 4Q20, but construction slumped.
A third wave of the coronavirus pandemic is sweeping through Emerging Europe. While Russia is expecting to reach herd immunity in the next two months, most other countries of the region have only just started their mass immunisation programmes.
Russia’s economy fared much better in the last quarter of last year than expected, according to the state statistics agency's revised figures released on April 1.
The headline seasonally adjusted IHS Markit Russia Manufacturing PMI recovery slowed in March, but still registered 51.1, down slightly from 51.5 in February, but still above the 50 no-change mark.
Earlier speculation of a rate cut is all but gone now in the context of what appears an incoming period of fast growth of the CPI.
The current account deficit stood at -3.2% of GDP, the lowest level in modern Bosnian history.
Irena report identifies opportunities for solar, wind and geothermal energy as Albania moves away from reliance on hydropower.
Trust in institutions is extremely low, finds Market Links survey, but low turnout due to the pandemic would benefit Bulgaria's main parties.
Sales rose in both monthly and annual terms in February as restrictions were eased — but Slovenia now faces a new lockdown including the closure of non-essential stores.
Russians' real disposable incomes have fallen to an eight-year low as a result of the coronacrisis, falling 3.5% in 2020, according to Rosstat, but the outlook for 2021 is brighter.
The Watcom Shopping index remained stable in March but remains down by a quarter on the same month a year earlier.
Automaker Dacia continues to top the Brand Finance Romania 50 ranking but pharmacy chains have climbed since the start of the pandemic.
Markets will watch to see if peers follow despite economic turbulence.
Ukraine’s industrial production fell by 4.6% in February 2021 compared to the pre-coronavirus (COVID-19) February a year earlier.
Ukraine’s retail turnover accelerated in February to 5.6% y/y as the economic recovery slowly gathers momentum, the state statistics agency reported on March 23.
Expectations about the country’s economy, households’ finances and major purchases all declined.
Russian banks earned RUB373bn ($5bn) in January-February 2021, up 10.7% in annual terms, the CBR said on March 22.
Ukraine's economy contracted 4% in 2020, ending four years of positive growth, the State Statistics Service said on March 22.
Retail is in for more problems as a new lockdown is expected to last until April 9 at least.