The share of food spending has decreased from 55% two years ago as domestic products have replaced expensive foreign imports.
Inflation was pulled down by lower prices of food and non-alcoholic beverages.
Despite the increase in the headline figure, long-term investments are stagnating at best, with inter-company lending substituting for them.
Russian statistics agency Rosstat has revised the flash estimate of GDP growth in 3Q18 from previous 1.3% y/y to 1.5% y/y. The GDP breakdown by industry showed that the financial sector, trade, transportation, and extraction are driving growth
The National Bank of Ukraine (NBU) has kept its key policy rate at 18% following its increase by 0.5 percentage points (pp), from September 7, the regulator said in a statement on December 13.
Recent studies show that online shopping has become a habit, and internet penetration is high, even among the older population.
The Tretyakov Gallery, a leading Moscow museum that exhibits more than 190,000 works by modern and contemporary Russian artists, has decided to use blockchain to attract private capital for the digitization of its collection, reports East-West Digita
Slovakia´s industrial output increased by 1.2% in October year-on-year, the Slovak Statistics Office reported on December 11. The growth was due to a growth in manufacturing, a drop in energy supplies and in mining and quarrying.
Ukraine’s consumer prices increased 1.4% month-on-month and 10% year-on-year in November, driven mostly by food, housing and utilities prices, the nation's state statistics service Ukrstat reports
Russia’s gross international reserves fell slightly as of the end of November to $379.2bn from this year’s peak of $383.4bn set in September, but the sovereign rainy day fund, the National Welfare Fund, fell more heavily.
Czech inflation slowed to 2.0% year-on-year in November from 2.2% in October. The latest figure was recorded as the lowest level since April, the Czech Statistical Office (CSU) reported on December 10.
The foreign exchange reserves of Belarus increased by $3326mn, or 4.7% month-on-month, to $7.440bn in November following a 2.6% m/m increase in October, the National Bank of Belarus (NBB) said in a statement on December 7.
The Slovak economy expanded at its fastest rate since the end of 2015 in the third quarter of this year, up by 1.6 percentage points to 4.6%, driven up mostly by non-domestic demand, Slovak Statistics Office shows
Czech non-adjusted retail trade increased by 6.4% in October year-on-year, up from 1.4% in September, driven mainly by sales via mail and online Christmas orders, according to the Czech Statistics Office data
Slovakia´s unemployment rate declined by 1.6 percentage point (pp) to 6.4% in 3Q18 year-on-year (for men it decreased by 1.8pp to 6% and for women by 1.4pp to 6.8% y/y), according to data published by the Slovak Statistics Office on December 7.
Russia's Consumer Price Inflation (CPI) continued to accelerate, registering 3.8% year-on-year in November 2018, up from 3.5% y/y in October 2018, and gaining 1.3pp since 2.5% seen in July, according to a report by Rosstat statistics agency. The infl
Ukraine's international reserves increased by $974mn, or 5.8% to $17.711bn in November, mainly on the back of a $2bn placement, according to preliminary a statement published by the National Bank of Ukraine (NBU) on December 5.
Russia's car and light commercial vehicles (LCVs) sales in November increased by 10% year-on-year and 14% y/y in January-November overall to 0.167mn and 1.6mn units respectively, according to the latest data from the Association of European Business
Russia’s Services PMI index took its foot off the gas slightly in November with the index falling from 56.9 in October to 55.6, but the services sector continues its robust growth and is well above the 50 no-change mark.
The Czech seasonally adjusted unemployment rate fell to its lowest level in a quarter of a century of 2.1% in October, down by 0.5 percentage points (pp) year-on-year, according to the Czech Statistics Office data published on November 30.