Moscow court released French partner of Baring Vostok Capital Partners Philippe Delpal from pre-trial detention and put him under house arrest on Thursday August 15.
Russian industrial output growth slowed down to 2.8% year-on-year from 3.3% seen in June, trending below the consensus expectations of 3.4% growth, and showing a seasonally-adjusted month-on-month decline of 0.4%. In January-July overall industry exp
Year-on-year inflation in Slovakia rose to 2.9% in July, up by 0.2 percentage points (pp) from June, with core inflation standing at 2.5% and net inflation at 1.9%, the data of the Slovak Statistics Office (SSO) showed on August 13.
Household consumption and external demand drove the economy in 2Q19.
Romania’s industrial production plunged by 6.6% y/y in June, dragging down the quarter’s performance to negative 1.7% y/y as the production of traditionally robust industrial sectors disappointed.
Local investors were responsible for 59% of real estate investments in Bulgaria in 1H19, reversing the trend seen in the last two years as the volume of foreign investment tumbled, a report from Colliers shows.
GDP growth figures from the second quarter of this year were down on the first quarter but showed that growth was still being supported in Central and Eastern Europe by domestic demand that has gone some way to offsetting an EU slowdown.
Economic growth in Q2 was higher than expected by most analysts, as recent industrial and retail sales data suggested slower growth between April and June.
The figures confirm the improvement in the industrial and construction sectors in Q2, compared to their more sluggish performances in Q1, when growth was driven by private consumption.
The Czech inflation was up by 0.2 percentage points (pp) month-on-month in July to a 2.9% taking it back to its May level after a slowdown in June, data from the Czech Statistics Office (CSO) published on August 12 showed.
Slovakia’s industrial production contracted by 2.1% year-on-year in June, a sharp fall from the 4.7% expansion the previous month, and fell to its lowest level since April 2017, Slovak Statistical Office data showed on August 9.
The Slovenian construction sector posted growth in all areas in 2018, but turnover has not yet returned to where it was pre-crisis and there are indications that growth is about to slow.
Croatia saw an 11.2% y/y increase in tourist arrivals in June, as the sector rebounded after bad weather resulted in a disappointing May performance.
The 0.9% GDP growth in the second quarter of this year was an improvement on the soggy 0.5% in the first quarter.
Ukraine’s consumer inflation declined 0.6% m/m in July after dropping 0.5% m/m in June, due to price decreases for food, clothing and footwear, communal services and transportation.
Import growth slows despite continuing strong rise in household incomes.
Net capital outflow from Russia in the first seven months of this year increased by 1.6 times to $28bn, according to the Central Bank of Russia (CBR).
The indicator doubled its fall rate after going into negative territory for the first time since 2016 in June.
The foreign exchange reserves of Belarus increased by $337mn, or 4.1% month-on-month, to $8.63bn in July following a 2.5% m/m growth in June, the National Bank of Belarus (NBB) said in a statement on August 7,
The National Bank of Belarus (NBB) is going to cut on August 14 its refinancing rate from the current level of 10% per annum to 9.5% per annum, the central bank said in a statement on August 7.