PMI data show Kazakh manufacturing sector remaining in contraction territory in April

bne IntelIiNews May 4, 2022

New orders decreased for fifth successive month due to price hikes and lack of customers. Rate of decline eased significantly from previous month, however, as some firms able to secure new business.

Polish inflation 'out of control' as jump to 12.3% y/y in April sets stage for radical interest hike

Wojciech Kosc in Warsaw May 1, 2022

The sharp increase in the inflation rate came on the back of food prices growing 12.7% y/y.

Czech economy grew by 4.6% y/y in 1Q22

bne IntelliNews May 1, 2022

Capital Economics predicts GDP will contract by 0.4% q/q in 2Q22 and stagnate for the remainder of the year, as industry struggles with supply problems.

Growth of North Macedonia’s industrial production slows to 3.2% y/y in March

bne IntelliNews May 1, 2022

Growth decelerated across all three main industrial sectors.

Russia’s CBR cuts key rate from 17% to 14%

bne IntelliNews April 29, 2022

The board of the Central Bank of Russia cut the key monetary policy interest rate from 17% to 14% at the policy meeting of April 29 – the second cut in a month as inflationary pressure rapidly recedes.

Polish retail sales surprise with growth of 9.6% y/y in March

Wojciech Kosc in Warsaw April 24, 2022

Polish consumption resilient in spite of rampant inflation.

Slovakia´s unemployment rate down to 6.67% in March

bne IntelliNews April 22, 2022

A drop in unemployment has been posted in every region of Slovakia, even in districts that used to record high unemployment rates.

Polish PPI jumps 20% y/y in March

Wojciech Kosc in Warsaw April 22, 2022

Growth in the index was driven by expensive energy commodities and industrial metals, as well as by the weak zloty – all the effects of the war in Ukraine.

Growth of Slovenia’s output prices accelerates to 17.9% y/y in March

bne IntelliNews April 21, 2022

The producer price index started to increase rapidly at the beginning of 2021.

IMF cuts Russia’s growth outlook to -8.5% in 2022, but warns figure could double if energy is sanctioned

bne IntelliNews April 20, 2022

The International Monetary Fund estimates that Russia’s economy will shrink by 8.5% this year and Ukraine’s could collapse by 35% as a result of the war between the two that broke out at the end of February.

Moldova’s industry shrinks by 6.3% m/m in February, more shocks expected

Iulian Ernst in Bucharest April 20, 2022

Major effects on Moldova’s industrial activity came from the disruption of global production chains, mainly in the automotive industry.

Slovak annual inflation in March up to its highest level since 2000

bne IntelliNews April 20, 2022

Inflation hits 10.4% in March, driven by growth in prices of food, fuels and energy.

Bulgaria’s inflation hits 14-year peak of 12.4% y/y in March

bne IntelliNews April 19, 2022

Government considers cutting taxes on bread, fruit and vegetables after high energy prices and the war in Ukraine pushed up inflation.

Tourism revenues in Georgia roughly half of pre-crisis level in 12 months to March

Iulian Ernst in Bucharest April 19, 2022

Georgia’s revenue from tourism reached $174.5mn in March, 71.3% of the figure recorded in March 2019.

Polish CPI growth surges to 11% y/y in March

Wojciech Kosc in Warsaw April 19, 2022

Analysts expect inflation rise of 1.5 percentage points to lead to further rate rises.

Albania experienced steepest population decline in two decades in 2021

bne IntelliNews April 18, 2022

Deaths outnumbered births in 2021, while emigration revived as international travel restrictions were lifted.

Share of gas in Moldova’s imports triples to 17.3% in January-February

bne IntelliNews April 18, 2022

In absolute terms, the cost of gas imports more than quadrupled to $229mn.

Ukraine’s economy to contract by 35% in 2022 – IIF

bne IntelliNews April 15, 2022

Ukraine’s economy will contract by 35% this year as a result of the war with Russia, the Institute of International Finance (IIF) said in a note released on April 13.

USDA projects robust corn crop in Romania this year

bne IntelliNews April 14, 2022

The corn harvest is estimated at 13.7mn tonnes for the 2021/22 marketing year in Romania, one of the EU's top two corn producers.

North Macedonia’s central bank raises key rate by 0.25 pp as inflation rises

bne IntelliNews April 13, 2022

Consumer price inflation accelerated to 8.8% y/y in March, with prices pushed up by rising food and energy import costs.