The average net wage in Romania rose by 2.8% m/m in November to €736.5 in one of the highest monthly increases over the past couple of years.
Government to prepare a new package of measures to mitigate the effect of price increases and ensure Croatians don't see a fall in their standard of living.
The Georgian economy is projected to grow 5.5% in 2022 and 5% in 2023, the January edition of the World Bank’s report Global Economic Prospects 2022 says.
Analysts expect the chip shortage to ease in H2, which could trigger a sharp rebound in industrial output.
Central bank predicts consumer price growth will be around 9% in January.
Russia’s foreign exchange purchases will increase from $6.8bn in December to $7.9bn in January, mostly due to higher taxation.
Anticipated hikes in electricity prices are set to drive inflation up further.
Ukraine consumer inflation hits 10% in 2021
Following two months of decline, #Slovakia's industrial production went up again, by 4.3% year-on-year in November.
CDU TEK has published Russia’s oil and gas production statistics for December 2021 that show oil output was well up on 2020 but still lagging well behind production in 2018 and 2019. The results also show that Russia produced record gas volumes.
Romania’s retail sales increased by 5.0% y/y in November, but detailed, seasonally-adjusted data and filtering out base effects reveals sales have stagnated since May 2021.
Month-on-month, industrial output increased by 4.9% in November.
The output of the automotive sector, which has the biggest weight in manufacturing in Hungary, fell considerably as companies scaled back production because of the global chip shortage.
Inflation surge expected to prompt another central bank rate rise.
Preliminary census results show Bulgaria's population declined by 11.5% compared to 2011 due to a combination of emigration and natural decrease.
Annual increase accelerated from the 6% y/y rise the previous month.
Energy prices nearly doubled and this inflationary shock is spreading across the economy, eventually having an impact on consumer prices.
The increase in December was due to robust forex inflows of over €5bn, which included the €1.85bn first tranche granted by the European Commission under the Resilience Facility.
New business continued to contract as the year came to an end. The fall in new orders was the second-fastest in over a year as client demand was weighed down by COVID-19 restrictions – particularly in the service sector.
Core inflation, however, eased to 5.9% y/y from 6.1% y/y in November.