Growth of bank assets accelerates in Montenegro

Denitsa Koseva in Sofia February 21, 2017

Household loans drive overall increase in lending, but concerns over high NPL level and asset quality.

Russians expect crisis to be long, spending more on food

bne IntelliNews February 21, 2017

A Levada Center survey conducted in January found that 78% of Russians believe the country is in an economic crisis, an increase from 74% in September.

Lending 4.1% up y/y in Romania in 2016

Iulian Ernst in Bucharest February 21, 2017

Dip in final quarter of 2016, as slump in mortgage lending drags down retail lending figures.

Russian IPO wave on the way

bne IntelliNews February 20, 2017

​A wave of Russian IPOs could be gathering momentum out to sea after toy store Detsky Mir led the way earlier this month. A total of some $1.9bn worth of securities have been issued in about three months.

Turkish consumer confidence declines 1.8% in February

bne IntelliNews February 20, 2017

Turkish households’ general economic situation expectations have weakened with the sub-index declining by 0.3% m/m. Respondents expect unemployment to rise over the next 12 months.

Second year of stagnation for Moldovan industry in 2016

Iulian Ernst in Bucharest February 20, 2017

Russian trade barriers take toll on sector despite hike in production of clothing and textiles.

Macedonians switch allegiance from EU to Russia

Valentina Dimitrievska in Skopje February 19, 2017

Russia the preferred political partner of ethnic Macedonians frustrated by stalled EU accession process.

Polish retail sales surge in January

bne IntelliNews February 17, 2017

The result suggests consumption remains in rude health – backed by fast-growing wages - and can continue to drive economic expansion in early 2017.

Polish industrial production booms in January

bne IntelliNews February 17, 2017

Two extra working days in January had an effect, and seasonally adjusted the reading drops to 4.1%, and even -0.2% m/m, but the result still shows decent momentum at the start of the year.

Turkish unemployment rises to 12.1% in November

bne IntelliNews February 15, 2017

The November 2016 figure is the highest unemployment rate since March 2010, reflecting the impact of slower economic growth and weak investment appetite.

Hungarian economic growth disappoints in fourth quarter

bne IntelliNews February 14, 2017

Hungary’s economy grew just 1.6% in the fourth quarter of 2016, according to unadjusted preliminary data, statistics office KSH reported on February 14.

Turkey’s current account deficit shrinks 16% y/y in December

bne IntelliNews February 14, 2017

Turkey's current account shortfall, the economy’s Achilles’ heel, was $32.6bn last year versus $32.1bn in 2015. The government’s current account deficit forecast for 2017 is $32bn or 4.2% of GDP.

Cars continue to drive weakness in Hungarian industry

bne IntelliNews February 14, 2017

The struggle of the carmaking sector to stabilize output remains the main culprit for the continued poor performance of Hungarian industry, data for December released by statistics office KSH on February 14 confirmed.

Hungarian inflation continues acceleration in January

bne IntelliNews February 14, 2017

Hungary’s CPI increased by 2.3% in January from 1.8% the previous month, data from statistics office KSH showed on January 13. The rise was largely in line with market expectations.

Latvian inflation accelerates to 2.9% y/y in January

bne IntelliNews February 10, 2017

With price growth picking up speed on December’s growth of 2.2% y/y, January was the seventh successive month of rising CPI.

PwC says Russia to be biggest European economy by 2050

Ben Aris in Berlin February 8, 2017

Russia will be the biggest economy in Europe by 2050, consulants PwC said in a report on February 7 in its latest instalment of “The Long View: How will the global economic order change by 2050.”

Estonian CPI starts 2017 with strong rise

bne IntelliNews February 7, 2017

Estonia's consumer price index (CPI) grew 2.7% in annual terms in January, data from Statistics Estonia showed on February 7. The reading shows price growth in the first month of 2017 was at its highest since August 2013.

Hungarian industry closes a weak year with another fall

bne IntelliNews February 7, 2017

Following a return - even if feeble - to growth in November, Hungarian industry slumped back into decline in December, statistics office KSH reported on February 7.

Russia's inflation decline continues with 5% posted in January

bne IntelliNews February 7, 2017

The disinflation trend in Russia continues steadily after CPI was curbed to 5.4% in 2016.

Hungarian retail sales growth decelerates in December

bne IntelliNews February 3, 2017

Hungary’s retail sales growth slowed in October to 2.6% y/y according to raw data and to 3.2% adjusted for calendar effects, a report released by statistics office KSH on February 3 shows.

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