Russia's CBR ups rate by 50bp to 5.5%, will keep hiking

bne IntelliNews June 11, 2021

The board of the Central Bank of Russia (CBR) at the policy meeting of June 11 resolved to increase the key interest rate by 50 basis points (bp) to 5.5%, in line with expectations.

Moldova’s headline inflation rises to 3.1% y/y and is going up

bne IntelliNews June 11, 2021

The headline inflation is already above the refinancing rate, maintained by the central bank a couple of days earlier at 2.65%.

Serbian central bank keeps key policy rate unchanged

bne IntelliNews June 11, 2021

The NBS said its monetary policy priority will be to ensure price and financial stability, while supporting faster growth of the Serbian economy, employment and exports.

Public banks’ share in Turkey’s domestic bonds at record high

Akin Nazli in Belgrade June 10, 2021

State banks’ loan volume, meanwhile, reached 48% of Turkey's total banking industry loans at end-April.

Romania’s exports up, yet far from narrowing the trade gap

bne IntelliNews June 10, 2021

Romania’s exports rose by 113% y/y to €6.25bn in April, a robust growth even after the correction for low base effects.

Serbian PM Brnabic expects GDP growth of at least 6% in 2021

bne IntelliNews June 9, 2021

Serbia was one of the countries in emerging Europe least affected by the coronacrisis in 2020, and is expected to achieve strong growth this year.

IT&C and industry brought Romania’s GDP close to pre-crisis level in Q1

Iulian Ernst in Bucharest June 9, 2021

GDP down by just 0.1% compared to Q1 2020 as strong performance industry and IT&C offset contraction of services sector.

Moldova’s central bank maintains monetary policy rate at 2.65%

bne IntelliNews June 9, 2021

Decision reveals the BNM’s concern with economic growth rather than inflation.

Latvian annual inflation leapt to 2.6% in May

Linas Jegelevicius in Vilnius June 9, 2021

Inflation expected to rise further as price pressures mount.

Russia’s economy will grow 4% this year, says Putin

bne IntelliNews June 8, 2021

Russia’s economy will expand by 4% this year after contracting less than the international economy a year earlier, President Vladimir Putin said at the St Petersburg International Economic Forum (SPIEF)

North Macedonia’s GDP contraction deepens in 1Q21

bne IntelliNews June 7, 2021

Third wave of coronavirus between February and April prompted North Macedonia's government to introduce tighter restrictions.

Retail sales in Romania return to robust pre-crisis growth rate

bne IntelliNews June 6, 2021

Annualised growth rate now close to the trend growth rate in the pre-crisis period.

Kosovo’s PPI inflation speeds up to 2% y/y in 1Q21

bne IntelliNews June 6, 2021

After falling for most of 2020, PPI inflation returned to the level last seen in the first quarter of 2019.

North Macedonia’s jobless rate falls slightly to 16% in 1Q21

bne IntelliNews June 6, 2021

The jobless rate has been constantly falling in the last few years, but the pace slowed in 2020 due to the coronavirus pandemic.

Bulgaria has worst air pollution in the EU, Eurostat says

bne IntelliNews June 4, 2021

Bulgaria has been struggling for years with air pollution in urban areas, particularly in winter.

Turkey sees surprise drop in inflation to 16.6% in May

bne IntelIiNews June 3, 2021

Calculations from independent Inflation Research Group, headed by Istanbul academics, again clash with official picture.

Kazakh annual CPI inflation at 7.2% in May

bne IntelIiNews June 3, 2021

Annual consumer price index (CPI) inflation in Kazakhstan stood at 7.2% in May, according to data published by the country’s statistics office.

Kazakh GDP contracts 1.5% y/y in Q1 updated figures show

bne IntelIiNews June 3, 2021

Kazakhstan's GDP contracted by 1.5% y/y in the first quarter, according to latest official figures provided by the national statistics office.

Bond issues and startup listings push Bucharest Stock Exchange to new records

Iulian Ernst in Bucharest June 3, 2021

The Bucharest Stock Exchange boasted the highest daily liquidity in its history in the first five months of 2020.

Ukraine’s current account went into a $837mn surplus in April from deficit in March

bne IntelliNews June 2, 2021

Ukraine’s current account switched to a surplus of $837mn in April, from a $333bn deficit in the prior month, due the positive balance in trade and primary income, the National Bank of Ukraine (NBU) said in a preliminary report on May 31.