Slovakia

Slovakia’s inflation up again to 2.9% y/y in July

bne IntelliNews August 16, 2019

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.

CEE economies are weakening but domestic demand offsets Eurozone slowdown

Ben Aris in Berlin August 14, 2019

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.

Slovakia’s industrial production falls to its lowest level since 2017 in June

bne IntelliNews August 14, 2019

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.

COMMENT: Southeast Europe the growth star in CEE banking, but the profit pool is elsewhere

Gunter Deuber of Raiffeisen Research in Vienna July 16, 2019

The core message for bankers and investors active in the CEE region should be: close to old records, potential for more but watch out for late cycle phenomena.

Central, Eastern and Southeast European sovereigns to return to debt markets on large scale in 2020, Raiffeisen says

Clare Nuttall in Glasgow July 9, 2019

Governments of Central and Southeast Europe have already secured most of the funding they need for this year, but with more obligations maturing in 2020 they are expected to return to the markets on a large scale next year

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