North Macedonia’s central bank affirms key rate at 1.25%

bne IntelliNews July 15, 2021

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 speed up growth further in June

bne IntelliNews July 15, 2021

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

Erdogan’s calls for rate cuts unmet as Turkey’s central bank sticks to 19% benchmark

bne IntelIiNews July 14, 2021

Regulator cites risks in inflation outlook. Denied cheaper money, president may now turn to selling rapid rebound in economy.

Kyrgyz economy contracts by 1.7% in H1

Kanat Shaku in Almaty July 14, 2021

Trend, however, suggests economic recovery may be taking hold.

Georgia's foreign trade in first half up 21.3% y/y

bne IntelIiNews July 14, 2021

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.

Inflation wave reaches Moldova’s relatively closed economy

bne IntelliNews July 13, 2021

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 annual inflation speeds up to 2.4% y/y in June

bne IntelliNews July 13, 2021

Kosovo's inflation has been speeding up gradually every month since it turned positive in February.

Recovery piles upward pressure on Romanians’ low wages

Iulian Ernst in Bucharest July 13, 2021

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.

Romania’s foreign trade returns to pre-crisis rising trend

bne IntelliNews July 13, 2021

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 foreign exchange reserves fall to $7.4bn as population buy more dollars than they sell in June

bne IntelliNews July 12, 2021

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 Ministry upgrades 2021 growth forecast to 3.8% as the economy continues a strong bounce back

bne IntelliNews July 12, 2021

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 gross reserves increase 2% in June to $28.36bn

bne IntelliNews July 9, 2021

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 catching up with 2019 in July

bne IntelliNews July 9, 2021

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.

Hungary’s CPI rises to 5.3% in June

bne IntelliNews July 9, 2021

Inflation hit a new record for this year, and the highest figure since end-2012.

Consumer prices up 2.7% in June 2021 y/y in Latvia

bne IntelliNews July 8, 2021

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.

Estonia’s industrial production volumes up 16% on year in May 2021

bne IntelliNews July 8, 2021

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 up to record 6.5% in June

bne IntelliNews July 8, 2021

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 annual inflation cools to 2.7% in June

bne IntelliNews July 8, 2021

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%.

Kazakh annual CPI inflation at 7.9% in June

bne IntelliNews July 7, 2021

Analysts predict bank could intervene in second half to bring inflation closer to its 4-6% target corridor.

Russia's car sales jump by 37% in 1H21

bne IntelliNews July 7, 2021

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.