Ukraine's international reserves increased by 2.5% month-on-month to $21.9bn in November following a 0.2% m/m drop in October, according to the National Bank of Ukraine (NBU).
The result was mainly attributed to "a favourable situation" in the country's foreign exchange market: currency supply in the market remained significantly greater than demand due to substantial sales of foreign currency by exporters, which allowed the NBU to replenish international reserves by $898mn on the net basis.
At the same time, the NBU did not carry out any interventions on the sale of currency in November.
As of early November, Kyiv's international reserves covered 3.4 months of Ukraine’s imports and "were sufficient for Ukraine to meet its obligations and for the government and the NBU to conduct their current transactions", according to the regulator.
Moldova’s exports contracted by 1% y/y to $266.6mn in November as the recovery in exports to the CIS was not strong enough to offset the drop in exports to the EU.
McDonald’s opened its first restaurant in Hungary in April 1988 and since then it has become a dominant player in the fast food market.
Albania has historically run a substantial trade deficit caused by its narrow production and export base, and has partly funded this with remittances from Albanians living abroad.
The Belarusian government forecasts the nation's GDP to increase by 0.7% y/yin the first quarter of 2020, by 1.6% y/y in the first half of the next year, 2.2% y/y in January-September, and by 2.8% y/y over the year.
Higher prices in food, housing, hotels and restaurants, as well as culture and recreation segments drove the result, though a pick-up in core inflation also played a role.