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While energy price growth remained strong, the increase in prices of intermediary goods slowed to 3.0% y/y – the slowest annual advance since 2020.
Retail sales in Hungary fell 13.6% year on year in April and by 12.6% when adjusted for calendar effects. The figure was below analysts’ projections.
Ukraine’s population has dropped to a low of 29mn people, sparking concerns over the future of the country’s demographic, according to a study from the Ukrainian Institute of the Future, Ukraine Business News reported on June 6.
The Central Bank of Russia is worried that the Russian economy is overheating due to high levels of investment and rising consumption in a very tight labour market, the bank said in its monthly update.
Zypl, a software-as-a-service (SaaS) company founded in Tajikistan in 2021, is leveraging artificial intelligence (AI) models to drive financial inclusion in emerging and frontier market (EM/FM) economies.
Fintech is growing fast in Central Asia as banking sectors looking to leapfrog the traditional financial sector development go straight to high-tech solutions for local people’s lending and spending needs.
The Digital Intelligence Index (DII) put together by specialist Emerging and Frontier market investment fund Sturgeon Capital provides insights into the potential for fintech investments in emerging and developing markets.
European electricity consumers will save some €100bn on their energy bills, due to the rapid expansion of renewable energy sources caused by the Russian induced energy crisis the International Energy Agency said in a report.
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.
Salaries shot up in some sectors but wage growth was below average in the lowest-paid sectors.
How much market orthodoxy Turkish strongman can swallow is now the question.
Fitch Ratings has assigned Cyprus-based Central Asia’s largest group of cement producers ...
Benchmarks are painfully high as SOFR remains above the 5%-level, compared to the 0.05% seen in October 2021, while 12-month Euribor is testing the 4%-level, compared to the minus 0.5% recorded in October 2021.
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.