The industrial price inflation in April was the second-highest since last November when Gazprom began charging much higher prices under a new contract.
The volume of construction works in Romania increased by 6.5% y/y in the first quarter of 2022.
The new government's pledged to improve the economic and political environment has yielded results despite the war in Ukraine and soaring energy prices.
Romania’s GDP increased by a real 6.5% y/y in the first quarter of the year, surprising analysts who had expected more damage from the war in Ukraine.
The deterioration in output was visible in March, the first month after the outbreak of the war in Ukraine, at -1.6% y/y.
The EBRD has cut its 2022 emerging Europe growth forecasts again, reflecting a sharp downgrade for Ukraine and the regional fallout from the war and sanctions.
Across the region, the average publicly guaranteed debt to GDP ratio fell from 60.8% of GDP in 2020 to 56.5% in 2021, a World Bank report shows.
The war in Ukraine sends shockwaves across the region and the World Bank warns of "daunting" downside risks to the current outlook.
Price pressures remained elevated, supply chain disruption continued and the war in Ukraine added to difficulties. Exports softened for first time in three months.
Growth decelerated across all three main industrial sectors.
Major effects on Moldova’s industrial activity came from the disruption of global production chains, mainly in the automotive industry.
Government considers cutting taxes on bread, fruit and vegetables after high energy prices and the war in Ukraine pushed up inflation.
Deaths outnumbered births in 2021, while emigration revived as international travel restrictions were lifted.
In absolute terms, the cost of gas imports more than quadrupled to $229mn.
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.
Consumer price inflation accelerated to 8.8% y/y in March, with prices pushed up by rising food and energy import costs.
Central bank board member says prices "exceeded our darkest expectations" as annual inflation rate shoots up to 10.2%.
Spike in commodity prices combined with need to find new suppliers after war in neighbouring Ukraine push up prices in Moldova.
Romania’s trade gap widened by 30% y/y in February and by 50% y/y in the first two months of the year.
Romania’s public debt increased by €4.1bn in the first two months of this year.