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Industrial sector declines by 8.3% year-on-year in April.
Inflation slowdown started in November after the government capped prices of basic food products.
Upcoming IPO to be the largest in the history of Romania's capital market.
Retail sales in Hungary fell 13.6% year on year in April and by 12.6% when adjusted for calendar effects. The figure was below analysts’ projections.
Russia's economic trends in May were positive across various sectors, according to RosStat’s recent data release as sanctions shocks and the low base effects wear off.
European electricity consumers will save some €100bn on their energy bills due to the rapid expansion of renewable energy sources caused by the Russian-induced energy crisis, the International Energy Agency said in a report.
Serbian consumers started to trust online retailers during the pandemic and now the number and volume of transactions are rising sharply.
Czechia, Estonia and Slovakia are planning budget cuts at a time when interest rates are still painfully high and many economies have yet to emerge from recession.
Russia’s banking sector recorded a net profit of RUB224bn in April, with an annual return on equity of 21%. While this figure represents a one-third decrease compared to March, the sector profits already top RUB1 trillion.
The sector is bracing for more losses in 2023, according to the retail association OKSZ.
The government slapped a 13% tax on savings and set minimum levels for investment funds' holdings of government bonds. Banks can also cut windfall tax if they increase purchases of local government bonds.
It has been well over a year since the Warsaw Stock Exchange last saw an IPO.
Uzbekistan’s Minister of Economy and Finance Sherzod Kudbiev has approved new minimum prices for alcoholic beverages. Minimum wholesale prices for alcoholic beverages are to be raised by an ...
Budget is based on optimistic forecast of 4% economic growth next year and includes halving of windfall taxes on banks, pharmaceutical companies and energy suppliers.
The Russian household appliances brand Bork plans to launch branded stores in three new countries, Vedomosti has reported. According to cited real estate market insiders, the brand has chosen ...
Last year, the ‘Knot’, the highly rated American wedding magazine, asked 12,000 newly wed couples whether they had chosen a natural or a lab-grown diamond for their engagement ring? A third went for industrial stones.
Retail sector set to enter a protracted recession, driven by inflation eating into Poles’ real incomes and the exorbitant cost of mortgage repayments due to high interest rates.
With little expectation strongman Erdogan will be toppled in May 28 run-off vote, markets guard against economic calamity.
Kenya’s sovereign bond index at the distressed 1,000 basis point spread over US treasuries enjoyed a brief reprieve from unrelenting gloom, as IMF managing director Kristalina Georgieva declared it an innocent bystander in sub-Sahara default panic.