Russian agriculture production surprises with a tumble of 10% in August

bne IntelliNews October 8, 2021

Analysts are chewing through RosStat’s recent release of a detailed breakdown of Russia’s production, and the big surprise was that agricultural production tumbled by 10.1% year on year in August.

Russia's inflation at 7.4% in September, paving way for higher interest rates

bne IntelliNews October 8, 2021

Russia's consumer price inflation continued to accelerate, posting 7.4% year on year and 0.6% month on month in September 2021, according to the latest release by the RosStat statistics service.

Czech unemployment down to 3.5% in September

bne IntelliNews October 6, 2021

Country has almost 100,000 more vacancies than job seekers.

Inflation in Georgia eases to 12.3% y/y in September after eight months of gains

Iulian Ernst in Bucharest October 6, 2021

Central bank sees 10.6% by Q1 next year.

Albanians shifted spending from culture to vitamins and takeaways during 2020

bne IntelliNews October 5, 2021

Average monthly spending by Albanian households rose slightly in 2020, but there were significant changes in spending patterns prompted by the pandemic.

Kazakh annual CPI inflation at 8.9% in September

bne IntelIiNews October 5, 2021

Food inflation is proving a serious difficulty.

Turkey records September inflation at 19.6% while Istanbul academics calculate 44.7%

Akin Nazli in Belgrade October 4, 2021

Using “core” inflation, central bank seems set to plot its way to further rate cuts.

Turkish manufacturing clocks more growth but slows in September PMI data shows

bne IntelIiNews October 4, 2021

IHS Markit notes some reports of safety-stock building to guard against ongoing supply chain disruption.

Prices of oil rises sharply, but ruble largely unaffected

bne IntelliNews October 1, 2021

Soaring oil prices touched $80 per barrel last week and are up 20% in the last month and 50% since the start of the year, but they have had very little effect on the ruble.

Russia’s manufacturing PMI renews expansion in output as demand conditions stabilise

bne IntelliNews October 1, 2021

Russia’s headline seasonally adjusted IHS Markit Russia Manufacturing PMI improved to 49.8 in September, up from 46.5 in August, signalling only a fractional deterioration in the health of the Russian manufacturing sector.

Central bank survey shows FDI in Romania is mostly reinvested profits

bne IntelliNews October 1, 2021

New FDI, meaning equity investments by incumbent or new foreign investors, added up to less than €1bn in 2020.

Russians believe it is a bad time to save, but the share with savings remains unchanged

bne IntelliNews October 1, 2021

Since the start of this year the number of Russians that believe it is a bad time to increase savings has grown, according to a recent survey by independent pollster the Levada Center.

Approval ratings of Putin and the Russian government remain largely stable in September

bne IntelliNews October 1, 2021

In September Russian President Vladimir Putin's personal approval rating remained in the same band as it has in recent years, improving slightly from 61% to 64%, according to independent pollster the Levada Center.

Russian corporate profits soar in July to $38.6bn

bne IntelliNews October 1, 2021

The profits of Russian corporate profits soared in July, the last month of available data, rising to RUB2,767bn ($38.6bn), more than twice as much as the RUB1,061bn that companies earned in the same month a year earlier.

Croatia’s central bank lifts 2021 GDP growth forecast to 8.5%

bne IntelliNews September 30, 2021

The much higher forecast is based on better-than-expected performance of the tourist sector during the summer season, and the strong growth of exports.

Albania’s GDP soars 17.9% y/y in Q2 as it rebounds from spring 2020 lockdown

bne IntelliNews September 30, 2021

Albania's booming construction sector put in fastest growth in Q2.

Ukraine's real wages increase 11% y/y in August

Cameron Jones in London September 30, 2021

Real wages in Ukraine rose 10.9% year on year in August, accelerating from 10.2% y/y growth in July, the State Statistics Service reported on September 28. The average monthly nominal wage amounted to UAH13,997 ($523).

Kosovo’s economic growth speeds up to 16.3% y/y in 2Q21

bne IntelliNews September 29, 2021

Strong performance in retail, hospitality and construction sectors drove up Kosovo's GDP.

Russia’s Ministry of Economic Development ups GDP growth forecast for 2021 to 4.2%

FPRI BMB Russia September 29, 2021

In preparation for the 2022-24 Russian federal budget, the Ministry of Economic Development has released new predictions for macroeconomic indicators from 2021-24, BMB Russia reports.

Russian banks extend profits in August, on track to earn a record RUB2.5 trillion this year

bne IntelliNews September 28, 2021

The sector's net profit in August amounted to RUB244bn with a return on capital of 26% in annual terms. The profits were 7% more than the July result of RUB229bn.