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ENAG inflation research group contends headline figure was 109% y/y, up from April calculation of 105% y/y.
Rising prices haven’t dented the demand for new builds in Skopje as inflation-wary Macedonians turn from banks to property.
Czechia, Estonia and Slovakia are planning budget cuts at a time when interest rates are still painfully high and many economies have yet to emerge from recession.
The sector is bracing for more losses in 2023, according to the retail association OKSZ.
Poland's Purchasing Managers' Index gained 0.4 points to 47 in May (chart), beating expectations, the economic intelligence company S&P Global said on June 1.
The seasonally adjusted S&P Global Russia Manufacturing Purchasing Managers’ Index posted 53.5 points in May, above the 50.0 no-change mark indicating expansion, signalling a “solid upturn in operating conditions at Russian manufacturing firms.
Input costs and selling prices, however, continued to rise amid reports of currency weakness.
Headline inflation in Uzbekistan was recorded at a 12-month low of 10.38% y/y in May, according to the national statistical agency. In May, inflation was also 0.49% m/m, twice as low as the m/m ...
Price growth is now at its lowest since May 2022 and heading toward single-digit levels by the end of the year.
It has been well over a year since the Warsaw Stock Exchange last saw an IPO.
Budget is based on optimistic forecast of 4% economic growth next year and includes halving of windfall taxes on banks, pharmaceutical companies and energy suppliers.
Thousands of teachers marched through Bucharest calling for higher wages but with tax revenues well below target the government can’t afford a pay rise.
Investors may be encouraged that start could be made on fixing Turkey’s collapsing economy if former finance minister returns to the cabinet. The lira, meanwhile, is back on the slide.
Investment in clean energy technologies is significantly outpacing spending on fossil fuels as affordability and security concerns triggered by the global energy crisis strengthen the momentum behind more sustainable options, according to the IEA.
Prospect of removing the Erdogan regime at the ballot box appears to have gone for ever.
The failure of the Nation Alliance under optimal conditions shows that 'big tent' coalitions under a single list often do not succeed in extending the opposition's reach.
Gerb freezes talks after recording from Change Continues leadership meeting discussing proposed joint government is released.
Flashing red lights on lira, sky-high inflation, dwindling FX reserves and soaring cost of insuring debt against default. A currency crisis could be around the corner.