Data
Most Romanian employers plan to hike wages this year
Six out of 10 companies surveyed by eJobs said they budgeted salary increases for this year.
Romania’s construction works up 5.8% y/y in January
Construction sector growth expected to halve in 2023, to 6.2% from 12.7% y/y in 2022.
North Macedonia's central bank raises policy rate to 5.5%
NBRM says uncertainties related to anticipated inflation trends remained high, but it expects a slowdown in the coming months.
Polish retail sales deepen fall in February
Fall deepens dramatically after a decline of 0.3% y/y the preceding month.
Moldova cuts policy rate by another 3pp as it expects rapid price stabilisation
Consumer price inflation dropped from nearly 35% y/y in October to under 25% y/y in February and the BNM expects it to drop down to 6.6% by the end of the year.
Eight out of ten of Russians consider themselves happy, says VTsIOM
Eight out of ten (82%) of Russians consider themselves happy, according to a recent survey conducted by state-owned Russian Public Opinion Research Centre (VTsIOM).
Polish industrial production contracts 1.2% y/y in February
The February fall is the first since May 2020 and was more than 2pp below the consensus line.
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Russia’s CBR keeps key rate at 7.5%, guidance hawkish
The board of the Central Bank of Russia (CBR) resolved to keep the key interest rate unchanged at 7.5% at the policy meeting of March 17, while maintaining a hawkish rhetoric, but refrained from issuing a tougher monetary guidance.
Polish core inflation hits all-time high of 12% y/y in February
Inflation is currently expected to begin easing – albeit very slowly – from March on, although the average inflation in 2023 appears certain to remain in double digits.
Moldova’s GDP shrinks by 5.9% y/y in 2022
In each of the last two quarters of the year, the annual decline was steeper than 10%.
Romanian wage growth keeps pace with inflation in January
Average wages up 15% y/y in nominal terms in January, fully matching the rise in consumer prices after they lagged behind inflation for most of 2022.
Poland's inflation hits 18.4% y/y in February
Analysts predict the CPI to embark on an extended descent that might see the index down at around 10% y/y at the end of the year.
Kosovo posts GDP growth of 3.55% in 4Q22
World Bank expects Kosovo's economy expanded by 3.1% in 2022, with growth to speed up to 3.7% this year.
Montenegro’s annual inflation slows to 15.1% in February
23.8% y/y rise in food prices is main driver behind annual hike in consumer prices.
US, Russia have the largest nuclear-powered submarine fleets
Australia is to become the seventh country in the world to introduce nuclear-powered submarines to its naval fleet, as part of a newly brokered deal between the United States, the United Kingdom and Australia (AUKUS), reports Statista.
Romania’s industrial production keeps shrinking despite mixed January figures
Positive growth in January doesn’t change the big picture: the country is close to five years of industrial decline.
Ukraine sees increase in overdue loans but banks aren't taking debtors to court
Ukraine saw an increase in overdue loans last year, rising from 34% to 39%, Ukraine Business News reported on March 14.
Vehicle sector remains driver of growth of Hungary’s industry
Automotive production rose 20.3% y/y as headline industrial output confirmed to have inched down 0.2% y/y in January.
Russia brings in another all-time record harvest of 153mn-155mn tonnes of grain
Russia has brought in a new all-time high record harvest of 153mn-155mn tonnes of grain, President Vladimir Putin said during the visit to the Ulan-Ude Aviation Plant on March 14.
Russian inflation falls to 11% in February, analysts not expecting a rate hike in March
Russian inflation figures for February show the rate fell slightly below market expectations at 11% year on year. However, experts predict that it will fall further in March, to the central bank's target rate of 4% as base effects take hold.
