Net wage in Romania moves up in November to catch up with inflation

Iulian Ernst in Bucharest January 14, 2022

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.

Croatia projects 2022 inflation at 3.5%

bne IntelliNews January 13, 2022

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.

World Bank forecasts Georgian economy to grow by 5.5% in 2022, 5% in 2023

bne IntelliNews January 13, 2022

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.

Hungary’s automotive industry becomes less of a drag on industrial growth in November

bne IntelliNews January 13, 2022

Analysts expect the chip shortage to ease in H2, which could trigger a sharp rebound in industrial output.

Czech inflation rate up to 6.6% in December

bne IntelliNews January 13, 2022

Central bank predicts consumer price growth will be around 9% in January.

ING: Russia boosts FX purchases with taxation changes

Dmitry Dolgin chief economist Russia at ING in Moscow January 12, 2022

Russia’s foreign exchange purchases will increase from $6.8bn in December to $7.9bn in January, mostly due to higher taxation.

Headline inflation hits 13.9% y/y and is still far from peak in Moldova

Iulian Ernst in Bucharest January 12, 2022

Anticipated hikes in electricity prices are set to drive inflation up further.

Ukraine consumer inflation hits 10% in 2021

Cameron Jones in Kyiv January 12, 2022

Ukraine consumer inflation hits 10% in 2021

Slovak industrial output exceeds pre-pandemic level in November

bne IntelliNews January 11, 2022

Following two months of decline, #Slovakia's industrial production went up again, by 4.3% year-on-year in November.

Russian oil production up on last year in December, gas production in 2021 breaks multi-year highs

bne IntelliNews January 10, 2022

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.

Retail sales stagnate in Romania as higher prices erode households’ incomes

bne IntelliNews January 10, 2022

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.

Czech industrial output increases by 1.6% y/y in November

bne IntelliNews January 10, 2022

Month-on-month, industrial output increased by 4.9% in November.

Hungary’s industry shows strength in November even as chip shortage still weighs

bne IntelliNews January 10, 2022

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.

Poland’s CPI surges 8.6% y/y in December, the highest rate since November 2000

Wojciech Kosc in Warsaw January 9, 2022

Inflation surge expected to prompt another central bank rate rise.

Bulgaria’s population shrinks to historically low 6.5mn

bne IntelliNews January 6, 2022

Preliminary census results show Bulgaria's population declined by 11.5% compared to 2011 due to a combination of emigration and natural decrease.

North Macedonia’s FX reserves increase 8.4% y/y, up 2% m/m at end-December

bne IntelliNews January 5, 2022

Annual increase accelerated from the 6% y/y rise the previous month.

Industrial price inflation hits 32% y/y in Romania after energy prices double

bne IntelliNews January 5, 2022

Energy prices nearly doubled and this inflationary shock is spreading across the economy, eventually having an impact on consumer prices.

Romania’s forex reserves up on Resilience Facility money

bne IntelliNews January 4, 2022

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.

Russia’s PMI treading water in December at 50.2 on mildly expanding manufacturing, but contracting services

bne IntelliNews January 4, 2022

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.

Inflation in Georgia peaks at 13.9% y/y in December

Iulian Ernst in Bucharest January 4, 2022

Core inflation, however, eased to 5.9% y/y from 6.1% y/y in November.