Turkish manufacturing expansion hindered by raw material sourcing difficulties PMI survey shows

bne IntelIiNews April 5, 2021

Inflationary pressures in industry were exacerbated by currency weakness, even ahead of lira’s latest plunge.

Kosovo’s economy turns to slim growth of 0.72% in 4Q20

bne IntelliNews April 4, 2021

The financial and insurance, manufacturing and IT sectors grew strongly in 4Q20, but construction slumped.

CEE reels as third wave of COVID-19 breaks

bne IntelliNews April 3, 2021

A third wave of the coronavirus pandemic is sweeping through Emerging Europe. While Russia is expecting to reach herd immunity in the next two months, most other countries of the region have only just started their mass immunisation programmes.

Rosstat revises 2020 GDP contraction to milder 3% y/y, 4Q20 data points to strong recovery momentum

bne IntelliNews April 2, 2021

Russia’s economy fared much better in the last quarter of last year than expected, according to the state statistics agency's revised figures released on April 1.

Russia’s manufacturing PMI recovery slows in March, but still in the black

bne IntelliNews April 1, 2021

The headline seasonally adjusted IHS Markit Russia Manufacturing PMI recovery slowed in March, but still registered 51.1, down slightly from 51.5 in February, but still above the 50 no-change mark.

Poland’s CPI surprises with jump of 3.2% y/y in March, flash estimate shows

Wojciech Kosc in Warsaw April 1, 2021

Earlier speculation of a rate cut is all but gone now in the context of what appears an incoming period of fast growth of the CPI.

Bosnia's current account deficit dropped to record low in 2020

Eldar Dizdarevic in Sarajevo March 31, 2021

The current account deficit stood at -3.2% of GDP, the lowest level in modern Bosnian history.

“Extensive” solar opportunities, potential for wind and geothermal power in Albania

bne IntelliNews March 30, 2021

Irena report identifies opportunities for solar, wind and geothermal energy as Albania moves away from reliance on hydropower.

Poll shows protest vote likely to decide Bulgaria’s April general election

bne IntelliNews March 29, 2021

Trust in institutions is extremely low, finds Market Links survey, but low turnout due to the pandemic would benefit Bulgaria's main parties.

Reopening of stores in Slovenia pushed up retail sales in February

bne IntelliNews March 29, 2021

Sales rose in both monthly and annual terms in February as restrictions were eased — but Slovenia now faces a new lockdown including the closure of non-essential stores.

Russians' real disposable incomes fell to an eight-year low in 2020, but the outlook for 2021 is brighter

Ben Aris in Berlin March 28, 2021

Russians' real disposable incomes have fallen to an eight-year low as a result of the coronacrisis, falling 3.5% in 2020, according to Rosstat, but the outlook for 2021 is brighter.

Watcom shopping index remains stable, but still down by a quarter on last year

bne IntelliNews March 28, 2021

The Watcom Shopping index remained stable in March but remains down by a quarter on the same month a year earlier.

Romania’s top 50 brands lose 3.7% of their value

Iulian Ernst in Bucharest March 26, 2021

Automaker Dacia continues to top the Brand Finance Romania 50 ranking but pharmacy chains have climbed since the start of the pandemic.

Turkey’s Isbank sells NPL portfolio prior to central bank governor turmoil

Akin Nazli in Belgrade March 25, 2021

Markets will watch to see if peers follow despite economic turbulence.

Ukraine’s industrial production fell by 4.6% in February 2021

bne IntelliNews March 23, 2021

Ukraine’s industrial production fell by 4.6% in February 2021 compared to the pre-coronavirus (COVID-19) February a year earlier.

Ukraine retail sales accelerate to 5.6% growth in February

bne IntelliNews March 23, 2021

Ukraine’s retail turnover accelerated in February to 5.6% y/y as the economic recovery slowly gathers momentum, the state statistics agency reported on March 23.

Slovenia’s consumer sentiment index worsens in March

bne IntelliNews March 23, 2021

Expectations about the country’s economy, households’ finances and major purchases all declined.

Russian banks profits up 10% y/y to $5bn in January-February 2021

bne IntelliNews March 23, 2021

Russian banks earned RUB373bn ($5bn) in January-February 2021, up 10.7% in annual terms, the CBR said on March 22.

Ukraine's economy contracted 4% in 2020, ending four years of positive growth

bne IntelliNews March 22, 2021

Ukraine's economy contracted 4% in 2020, ending four years of positive growth, the State Statistics Service said on March 22.

Polish retail sales ease y/y decline in February after malls reopen

Wojciech Kosc in Warsaw March 22, 2021

Retail is in for more problems as a new lockdown is expected to last until April 9 at least.