Russian banks extend profits in August, on track to earn a record RUB2.5 trillion this year

bne IntelliNews September 28, 2021

The sector's net profit in August amounted to RUB244bn with a return on capital of 26% in annual terms. The profits were 7% more than the July result of RUB229bn.

Russia’s PPI inflation up 1.5% to 28.6% in August

bne IntelliNews September 27, 2021

The inflation of Russian consumer prices has soared to uncomfortable highs, but those of producer prices have grown even faster, although the pace of growth has slowed somewhat in the last two months.

Montenegro’s economy posts strong 19% y/y growth in 2Q21, higher than EU average

bne IntelliNews September 25, 2021

Montenegro’s GDP growth was much higher than the EU average of 14.2%, as it recovered from a steep contraction in 2Q20.

Russia’s Duma elections statistics: the comet effect and the Moscow blob

bne IntelliNews September 24, 2021

The Russian physicist and election statistics expert Sergey Shpilkin has released another two charts on voting patterns in the recent Duma elections that show a “comet effect” and a “Moscow blob”.

Romania and Latvia's car ownership rates among lowest in Europe

bne IntelliNews September 24, 2021

The lowest motorisation rates were found in Romania (357 cars per thousand people), Latvia (381 cars) and Hungary (390 cars).

Bank lending in Romania gradually returns to retail-driven pre-crisis pattern

bne IntelliNews September 24, 2021

Corporate lending gained momentum thanks to the COVID-19 support package, but as subsidies are phased out and economic activity returns to normal, retail lending is gradually returning as the driving force behind overall bank lending.

Ukraine's industrial output increases 0.6% in August

Cameron Jones in London September 23, 2021

Ukraine’s industrial output increased 0.6% year on year in August, accelerating from 0.2% y/y growth in July, the State Statistics Service reported on September 22. Seasonally adjusted output declined 0.6% month on month in August.

Little change to Watcom shopping index in September as things get back to normal

bne IntelliNews September 22, 2021

There was little change to the Watcom Shopping index that measures foot traffic in Moscow’s biggest malls in real time.

Polish retail sales accelerate growth to 5.4% y/y in August

by Wojciech Kosc in Warsaw September 22, 2021

Seasonally adjusted, retail sales inched up 0.4% m/m in August.

Ukraine GDP picks up 5.7% in 2Q21, based on revised data

bne IntelliNews September 21, 2021

Ukraine’s real GDP increased 5.7% y/y in 2Q21, the State Statistics Service reported on September 20, improving its preliminary estimate of 5.4% y/y.

Ukraine retail trade slows to 9.6% growth in August

bne IntelliNews September 21, 2021

Ukrainian retail sales increased 9.6% y/y (and 1.1 m/m) in August, slowing from 10.1% y/y growth in the prior month, Ukraine’s State Statistics Service reported on September 20. In 8M21, retail increased 12.9% y/y (vs. 5.7% y/y in 8M20).

Growth of output prices in Slovenia speeds up to 7.7% y/y in August

bne IntelliNews September 21, 2021

The PPI index started to increase rapidly at the beginning of 2021.

Moldova’s industry returns to pre-crisis growth pattern

bne IntelliNews September 21, 2021

In annual terms, industrial output still increased by an impressive 16.2% in July as an effect of subdued activity last summer.

Poland’s industrial production strengthens expansion to 13.2% y/y in August

by Wojciech Kosc in Warsaw September 20, 2021

Seasonally adjusted, industrial production grew 10.7% y/y in the eighth month after an expansion of 12.6% y/y in July.

Poland’s core inflation picks up growth rate to 3.9% y/y in August

by Wojciech Kosc in Warsaw September 20, 2021

The MPC will review new inflation and GDP projections during a sitting in November, widely thought to be crucial for the further course of Poland’s monetary policy.

Textiles and footwear sector left out of Albania’s export recovery

bne IntelliNews September 19, 2021

Albania's clothing and footwear sector was deeply damaged by the pandemic, and has yet to recover to pre-crisis levels.

Croatia's inflation reaches 3.1% in August

bne IntelliNews September 18, 2021

Inflation accelerated driven by food prices, in line with an increase in prices seen across the emerging Europe region.

Kyrgyz consumer prices up 14% y/y in August

bne IntelIiNews September 16, 2021

High inflation continued amid a visible path to economic recovery.

Polish CPI surges 5.5% y/y in August

Wojcich Kosc in Warsaw September 16, 2021

Inflation rises 0.5pp versus the preceding month.

Romania’s public debt rises by €3.9bn in July, but stays below 50% of GDP

bne IntelliNews September 15, 2021

€3.5bn Eurobonds issued in July pushed debt up to RON545.3bn at the end of the month.