Overwhelming majority in Western Balkans support regional co-operation

bne IntelliNews June 28, 2021

Latest Balkan Barometer shows 77% want regional -, and most value relations with the EU above those with China, Russia or Turkey.

Ukraine’s industrial output increased 5.4% y/y in May, down from 13% in April

bne IntelliNews June 27, 2021

Ukraine’s industrial output increased 5.4% y/y in May, slowing from 13.0% y/y growth in April, the State Statistics Service reported.

Significant differences in pace of development in various sectors of the Russian economy

bne IntelliNews June 27, 2021

Russia’s economy has been bouncing back from the coronavirus (COVID-19) pandemic well and industrial production was up a strong 11.8% in May year on year, but drilling into the details and different sectors are recovering at very different speeds

Ukraine's retail sector turnover up 22.7% in May y/y

bne IntelliNews June 24, 2021

Ukrainian retail sales increased 14.3% y/y in 5M21, accelerating from 14.0% y/y growth in 4M21, Ukraine’s State Statistics Service reported on June 22.

Russian industrial production for May up 11.8% y/y

bne IntelliNews June 24, 2021

Russian industrial production for May advanced 11.8% from 7.6% in April, which was also revised up from the previous result of 7.2%, RosStat said on June 24.

Growth of Romania's stock of loans reaches double digits at end-May

bne IntelliNews June 24, 2021

The stock of bank loans in Romania increased by 10.1% y/y as of the end of May, to €60.2bn, accelerating from 8.3% y/y growth one month earlier.

Russian banks extend bull run by posting $3bn in profits for May

bne IntelliNews June 24, 2021

The combined net profit of Russian banks rose 7% m/m to RUB216bn ($2.98bn) in May, extending the bull run for the sector that is currently making its best returns in five years, the Central Bank of Russia (CBR) said on June 21.

Ukraine’s revises down its GDP growth estimate in 1Q21 to -2.2% contraction

bne IntelliNews June 24, 2021

Ukraine’s real GDP plunged 2.2% y/y in 1Q21, the State Statistics Service reported on June 22, worsening its preliminary estimate of -2.0% y/y. The economy declined 1.2% q/q seasonally adjusted.

Romania in line with the Baltic states as fastest converging EU members

bne IntelliNews June 22, 2021

Romania’s GDP per capita increased to 72% of the European Union’s average last year, after rising by 20 percentage points over the past decade.

Growth of output prices in Slovenia speeds up to 3.5% y/y in May

bne IntelliNews June 21, 2021

The PPI index started to increase rapidly from the beginning of 2021.

Pashinyan scores stunning victory in Armenian election

Neil Hauer in Yerevan & Will Conroy in Prague June 21, 2021

Armenia's Nikol Pashinyan set to return to full office after trouncing his rival in the country's general election despite projections it would be close-run.

Moldova’s industrial production back to pre-crisis level

bne IntelliNews June 21, 2021

The full industrial recovery was partly due to the outstanding advance of the utilities sector.

IMF says Kosovo’s GDP growth depends on vaccine rollout and diaspora travel

bne IntelliNews June 20, 2021

IMF expects growth in 5-6% range in 2021, but warns growth prospects are "uncertain".

Moldova’s trade gap widens again

bne IntelliNews June 18, 2021

In volume terms, exports shrank by 12.3% y/y while imports increased by 7.1% y/y in Q1 2021.

Turkey hits hold on rates while markets anticipate ‘Erdogan easing’ will start in July

bne IntelIiNews June 17, 2021

Economist, backing contention country’s official inflation rate is “phony”, calculates real key interest rate in Turkey is minus 13% and advises “lira is TOAST.”

Ukraine’s NBU unexpectedly keeps rates on hold, defying market expectations of a 100bp hike as inflation soars

bne IntelliNews June 17, 2021

The National Bank of Ukraine (NBU) defied market expectations for a 100bp rate hike by keeping its prime lending rate on hold at 7.5% during its monetary policy meeting on June 17, despite inflation topping 9.5% in May.

Mongolia’s inflation rate reaches 6.2% in May

bne IntelliNews June 17, 2021

Mongolia’s national consumer inflation is at 6.2%, up by 0.7% m/m.

BAG Business Climate Index improves in Georgia with current situation seen as “nearly normal”

Iulian Ernst in Bucharest June 17, 2021

Expectations close to pre-crisis levels.

Romania’s construction works up 5.7% y/y in January-April on robust housing market

bne IntelliNews June 17, 2021

The combination of low interest rates, accumulation of reserves in households’ accounts and rising demand for housing resulted in a booming housing market not only in Romania but globally.

Montenegro suffers Europe’s steepest fall in GDP in Q1

bne IntelliNews June 16, 2021

Crisis persists into 2021 despite slight easing in rate of GDP contraction in January-March.