Poland’s inflation unrestrained in September at 17.2%, flash estimate shows

Wojciech Kosc in Warsaw October 3, 2022

The flash estimate will present the National Bank of Poland with the dilemma of whether to tighten monetary policy further at a time when the economy is already slowing markedly.

Russia’s industrial output decline slows to only 0.1% in August

bne IntelliNews September 30, 2022

Russia’s contraction in industry slowed in August after industrial production posted a mere 0.1% contraction y/y in August, RosStat reported on September 29.

Poll shows Putin's popularity took hit in September but remained as high as 77%

bne IntelIiNews September 30, 2022

Since the war in Ukraine started Russian President Vladimir Putin’s approval rating has shot up and has remained consistently between 82-83%, according to the independent pollster the Levada Centre.

Russia on track to have a record-smashing grain harvest

bne IntelliNews September 28, 2022

Russia is on track to smash all previous records with the size of this year’s grain harvest. Russian President Vladimir Putin said that the bumper harvest could be as big as 150mn tonnes this year on September 27.

Bosnia posts annual CPI inflation of 16.8% y/y in August

bne IntelliNews September 27, 2022

Consumer prices in the country increased the most for food and transport.

IMF sees Romania’s economy growing by 4.8% in 2022, analysts are even more bullish

bne IntelliNews September 27, 2022

Romania’s GDP is expected to grow by 4.8% in 2022 and 3.4% in 2023, “supported mainly by momentum in domestic demand”, the IMF said.

Moldova’s manufacturing activity plunges to levels not seen since lockdown

bne IntelliNews September 23, 2022

Moldova’s industrial output plunged by 14.4% y/y in July, when the activity in the manufacturing sector reached the lowest level seen in the past decade except for the March-April lockdown months in 2020.

Analysts wrong again as 'unorthodox' Turkey cuts rates another 100 bp

Akin Nazli in Belgrade September 22, 2022

Benchmark now 12% versus official inflation of 80.2%. Lira continues to sink.

Albanians trust international organisations and religious institutions more than their politicians

bne IntelliNews September 22, 2022

More than 70% of Albanians trust the EU, the UN and Nato compared to only one quarter who trust the president or political parties.

Montenegro’s economy posts 12.7% y/y growth in 2Q22

bne IntelliNews September 22, 2022

Growth is expected to slow later in 2022 as the war in Ukraine affects tourism and other key sectors.

Polish industrial production shows surprise growth of 10.9% in August

Wojciech Kosc in Warsaw September 21, 2022

Demand is still poised to weaken in line with the overall economic slowdown.

Moldova’s retail sales freeze as households expect high energy bills

bne IntelliNews September 21, 2022

Record inflation of over 30% has also dragged down households’ capacity to consume.

Construction activity resilient in Romania despite rising costs

bne IntelliNews September 20, 2022

Profitability of construction activity deteriorated significantly in the second quarter of 2022.

Poland’s core inflation picks up growth rate to 9.9% y/y in August

Wojciech Kosc in Warsaw September 19, 2022

In m/m terms, core inflation grew 0.8% in August versus 0.6% m/m in July.

Russia’s CBR slows pace of monetary easing, cuts rate to 7.5%

bne IntelliNews September 17, 2022

The Board of the Central Bank of Russia resolved to cut the key interest rate by 50 basis points to 7.5% at its policy meeting of September 16, making a sixth consecutive cut, but slowing the pace of monetary easing in line with expectations.

Poland’s inflation growth confirmed at 16.1% y/y in August

Wojciech Kosc in Warsaw September 16, 2022

Another inflation surge will come in early 2023 after new prices of electricity and heat will have taken effect.

"Cucumber rally" moderates Russian weekly deflation to 0.03%

bne IntelliNews September 16, 2022

Russian consumer prices for the week ending September 12 deflated by 0.03% week on week, with deflation moderating from 0.13% seen in the previous week, according to the latest RosStat data. It estimated that annual inflation slowed from 14%.

Slovenia’s IMAD upgrades 2022 GDP growth projection to 5%, lowers forecast for 2023

bne IntelliNews September 15, 2022

The projection for 2022 was upgraded mainly due to higher growth in private consumption and the high contribution of inventory changes in the first half of the year.

Hungary’s automotive industry shifts to higher gear in July

bne IntelliNews September 15, 2022

Industrial production growth confirmed at 4%, and 6.6% according to workday-adjusted figures.

North Macedonia’s FX reserves continue to grow in August

bne IntelliNews September 12, 2022

Skopje builds up reserves for second month after several months of decline in fx reserves.