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Russian banks profits up 10% y/y to $5bn in January-February 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
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
Retail is in for more problems as a new lockdown is expected to last until April 9 at least.
The number of Russians that consider Russia to be European down by half in the last decade to 29%
The number of Russians that think Russia is a European country is down by half in the last decade to 29%, while the numbers that don't is up at 64%, according to a poll by the Levada Center.
45% of Croatians support euro adoption
Support has risen since last central bank survey as Croatia progresses towards adoption of the European single currency.
Mortality rose sharply in Russia in 2020 to a record 2.1mn deaths
At the end of 2020, Russia had approximately 143.8mn citizens (not including the Crimean peninsula) after the population decreased by 0.4%, which is slightly faster than in previous years, reports BOFIT.
Polish industrial production growth rises to 2.7% y/y in February
The expansion was below market consensus, which expected growth of 4.5% y/y.
Albania’s foreign trade deficit increases in February
Imports pushed up by higher purchases of machinery and equipment, while pandemic-hit garment manufacturing sector continued to drag down exports.
Turkey’s problem loans ratio appears to reach 15.2% at end-January
Finance minister divulges some data in televised interview. But his figures were far from transparent.
Russian industrial production fell heavily by 3.7% y/y in February on leap year effect
Russia’s industrial production fell heavily by 3.7% y/y in February on the leap year affect, down from a 1.9% contraction the month before, Rosstat reported on March 16.
Free economic zones accounted for 48% of North Macedonia's exports in February
North Macedonia has 14 free zones where companies employ over 14,000 people.
Poland’s core inflation eases to 3.7% y/y in February
The lower reading of the core index all but affirms that a period of stability in Poland’s monetary policy is ahead.
Romanian construction companies start the year slowly
Romania's construction works volume decreased by 3.6% y/y in January, a negative performance that followed double-digit growth rates last year.
Poland’s CPI growth eases to 2.4% y/y in February
Inflation likely reached bottom in February and is now expected to climb up towards the upper range of the central bank’s deviation band.
TURKEY INSIGHT: Borsa Istanbul sour taste won’t go away for foreign investors
Non-Turkish-held holdings on the stock exchange fall below 45%. Hopes of a trend reversal prove short-lived.
Romania’s manufacturing sector at new post-crisis high in January
Romania's core manufacturing industries advanced by 1.6% m/m in January to reach a new post-crisis high.
Will the CBR hike rates this week?
Consumer prices have been surging in the last few months as Russia’s economic recovery gets under way and the slump in the ruble’s value from last year works its way through the system. The pressure on the central bank to hike rates is building
Turkey’s airports serve 5.4mn passengers in February
Istanbul Airport, meanwhile, saw a passenger volume of 3.33mn in January-February, down 66% y/y.
Slovenia’s trade surplus jumps 67.9% y/y to €348.2mn in January
Slovenia’s trade surplus jumped to €348.2mn in January, from a surplus of €207.4mn in the same month of 2020 as imports fell more steeply than exports.
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Ukraine’s real GDP dropped 2.6-2.8% y/y in January
Ukraine’s real GDP dropped 2.6-2.8% y/y in January, according to estimates published on March 10 by the Ministry of Economic Development.
