The reading marks a significant acceleration, and pushes the country's economy onto a much steeper growth trajectory than seen in recent quarters.
Gazprom aims to further divide the EU by offering a share of the spoils to CEE countries, but Brussels is finally facing up to the challenge.
Worsening relations between Russia and the West, plus pressure to meet Nato defence spending commitments, push up expenditure in Eastern Europe.
The reading is below the gain of 5.8% registered in February, as well as the 8.4% expansion from January, but still shows that growth remains solid.
Moldova's ruling coalition has been criticised for lack of progress in investigating massive frauds at three local banks.
The reading marks the ninth successive month of positive inflation.
As in many other economies in the region, the gain in Estonian prices around the turn of the year has been driven by the stabilisation of global oil prices and erratic food markets, making the rapid price rises unlikely to persist.
Banks are having to pedal twice as hard just to keep momentum, but innovative players are developing new tailored solutions and products to meet the needs of clients.
Latvia's calendar-adjusted industrial production surged 10.6% y/y in February, more than doubling its growth rate from the expansion of 4.7% the previous month, the Central Statistical Bureau (CSB) reported on April 3.
The result shows growth in the sector losing pace for a third month in a row. However, retail sales have now grown each and every month since June 2013, only occasionally falling below 5%.
Estonian industrial production expanded 9% y/y in February, working-day adjusted data from Statistics Estonia showed on March 31.
The growth in February marked the fifteenth month in a row in which sales expanded. Expanding retail sales are seen as a positive sign for economic growth in 2017.
Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.
Already a subscriber or registered - click here to recover access.
If you a IntelliNews Pro user - click here to login.
Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.
IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.
"No day starts for my team without IntelliNews Pro" — UBS
Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.