Non-resident investment flows into emerging markets equity was up in April to $38bn in April, except Russia which saw $2.8bn of outflows as sanctions fears reappear.
Russian manufacturers registered a moderate improvement in operating conditions in April on the back of growing production and a strong increase in client demand, but activity slowed from March’s strong result.
Czech capital Prague again posted the lowest unemployment rate in the European Union of 1.3% in 2018, followed by Czech South-West region, according to Eurostat data published on April 29.
Bankers warned that bond markets were “flashing red” after nearly a billion dollars left emerging market bonds in the last week, reports BCS Global Markets.
The CBR has been able to build up reserves thanks to the record high current account surplus that topped $115bn in 2018.
The various crises of recent years have caused a consolidation with the result that profits have become increasingly concentrated in the biggest companies and are growing.
The mood of the population in Russia improved in April as approval ratings rose mildly across the board, according to the latest political polls from independent pollster the Levada Center.
There was a wobble last autumn, but since the start of this year business has been cautiously optimistic about how the rest of the year will turn out.
As expected the Central Bank of Russia (CBR) kept rates on hold at 7.75%, but analysts say it will cut them at least once and maybe twice later this year
Russia’s external debt increase slightly in the first quarter, mainly due to the government’s debt to foreigners, Bank of Finland Institute for Economies in Transition (BOFIT) reports.
Slovenia is an attractive destination for workers from other former Yugoslavian countries as it offers the highest wages in the region.
The steady downward trend in inflation towards the 5% target allows the National Bank of Ukraine to begin the cycle of reducing the refinancing rate, said the central bank's governor Yakiv Smolii.
Ukraine's industrial output rose 2.1% year-on-year in March, after a 1.8% y/y fall in February, due to restored growth in manufacturing and continuing growth in mining, the nation's state statistics service Ukrstat reported on April 23.
Confidence in Czech economy increased very slightly by 0.1 point month-on-month in April to 97.1 from 97.0 in March
Slovakia´s registered unemployment rate amounted to 5.03% in March, from 5.16% in February, down by 0.13 percentage points (pp) month-to-month and by 0.52pp year-on-year, according to data published by the Labour, Social Affairs and the Family Centre
The Kremlin believes that it would be premature for President Vladimir Putin to send congratulatory messages to Volodymyr Zelenskiy on winning the presidential election in Ukraine or to talk about opportunities for collaboration.
Russia’s inflation surged at the end of 2018 but has been much milder this year, leading some analysts to say the central bank of Russia will cut rates twice during 2019.
Signs of a shift to higher value production as garment manufacturing declines while output in the automotive sector soars.
The stagnation in real disposable income has led to a slow deterioration in the quality of life for ordinary Russians and is feeding a growing propensity for social unrest.
The headline figure sees the PPI inflation rate shed 0.2pp compared to the annual reading for February, extending the current trend of PPI inflation to 30 months straight.