Data

Most Romanian employers plan to hike wages this year

bne IntelliNews March 23, 2023

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

bne IntelliNews March 22, 2023

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%

bne IntelliNews March 22, 2023

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

Wojciech Kosc in Warsaw March 21, 2023

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

Iulian Ernst in Bucharest March 21, 2023

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

bne IntelliNews March 20, 2023

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

Wojciech Kosc in Warsaw March 20, 2023

The February fall is the first since May 2020 and was more than 2pp below the consensus line.

Russia’s CBR keeps key rate at 7.5%, guidance hawkish

bne IntelliNews March 17, 2023

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

bne IntelliNews March 17, 2023

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

bne IntelliNews March 16, 2023

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

bne IntelliNews March 16, 2023

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

Wojciech Kosc in Warsaw March 16, 2023

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

bne IntelliNews March 15, 2023

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

bne IntelliNews March 15, 2023

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

Anna Fleck for Statista March 15, 2023

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

Iulian Ernst in Bucharest March 15, 2023

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

Dominic Culverwell in London March 15, 2023

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

Tamas Csonka in Budapest March 15, 2023

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

bne IntelliNews March 14, 2023

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

bne IntelliNews March 13, 2023

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.

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