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, slowing from 13.0% y/y growth in April, the State Statistics Service reported.
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
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 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.
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.
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 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’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.
The PPI index started to increase rapidly from the beginning of 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.
The full industrial recovery was partly due to the outstanding advance of the utilities sector.
IMF expects growth in 5-6% range in 2021, but warns growth prospects are "uncertain".
In volume terms, exports shrank by 12.3% y/y while imports increased by 7.1% y/y in Q1 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.”
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 national consumer inflation is at 6.2%, up by 0.7% m/m.
Expectations close to pre-crisis levels.
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.
Crisis persists into 2021 despite slight easing in rate of GDP contraction in January-March.