North Macedonia’s central bank kept its key rate at the same level of 1.25% on July 14, as it assessed it appropriate for the current economic and financial conditions.
Bulgaria’s consumer prices increased 2.7% y/y in June, after rising by 2.5% year on year in May. The consumer price index (CPI) moved up 1.5% compared to December but dropped by 0.2% month on month
Regulator cites risks in inflation outlook. Denied cheaper money, president may now turn to selling rapid rebound in economy.
Trend, however, suggests economic recovery may be taking hold.
Georgia's foreign trade turnover recovered to pre-coronavirus crisis levels in Jan-Jun this year. The trade deficit was slightly smaller, yet amounted to 15% of full-year GDP.
There are signs that Moldova’s economy, as small and relatively closed as it is, will not remain untouched by the inflationary wave.
Kosovo's inflation has been speeding up gradually every month since it turned positive in February.
Romanian workers have abandoned construction sites to return to jobs in Spain, while rural workers are leaving for seasonal jobs abroad, at the same time as local and foreign investors plan to set up new manufacturing facilities.
The return to normal for Romania means the return to wide trade deficits and the so-called “revenge spending” in the post-crisis period only smooths the return to that unsustainable path.
Belarus' gold and foreign currency reserves fell by 4.6% to $7,409.3bn as of 1 July 2021 according to the preliminary data, National Bank of the Republic of Belarus said on July 7 as the population bought more dollars than they sold.
Russia’s Economic Development Ministry has upgraded its growth forecast for this year to 3.8% from 2.8%, the ministry said on July 9.
Ukraine’s gross international reserves increased by $0.52bn, or 1.9%, to $28.36bn to 4.3 months of import cover in June, the National Bank of Ukraine (NBU) reported on July 6.
Russia’s Watcom shopping index that measures foot traffic in the capital’s leading malls continues to close the gap on the pre-crisis 2019 levels but is still running at least 10% behind that level, according to Watcom’s latest numbers.
Inflation hit a new record for this year, and the highest figure since end-2012.
In June 2021, the average level of consumer prices in Latvia increased by 2.7% y/y, the Central Statistical Bureau said on July 8.
Industrial production volumes increased by 15.9% in May 2021, y/y. Production increased by 7% in energy and 18% in manufacturing, but decreased by 13% in mining.
Russia's inflation defies the CBR's efforts to control it and breaks upwards again to a new recent high of 6.5% y/y in June.
North Macedonia's average annual inflation slowed to 2.7% in June, from 3% in the previous month, statistics office data showed on July 7. In the first six months of 2021, the average inflation was 2.4%.
Analysts predict bank could intervene in second half to bring inflation closer to its 4-6% target corridor.
The sales of cars and light commercial vehicles in Russia in June increased by 28% year-on-year to 0.158mn units, according to the report from the AEB Automobile Manufacturers Committee.