Data
Romania’s construction works remain subdued in April
The volume of construction works in Romania contracted by 4.1% y/y in April after the average 2.2% y/y decline in Q1.
Moldova’s GDP 3.7% up y/y in Q1 driven by domestic demand
Economy has expanded by 4.0% p.a. since 2010, but this remains below the rates needed for the country's convergence with the European Union.
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VAT hike tips Russia's CBR into hold decision on key rate at 7.25%
The board of the Central Bank of Russia resolved on June 15 to keep the key interest rate unchanged at current 7.25%, citing this week's government's decision to hike the VAT rate to 20% as the main reason for further postponing monetary easing.
Romania’s central bank points to rising default risk among households
The volume of NPLs accumulated by households increased by 13% y/y as of end-March, becoming the main threat to Romania’s financial stability, a central bank report said.
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Russia's top five banks account for 80% of ballooning volume of mortgage loans
The biggest five banks in Russia account for eight out of ten rubles lent to home buyers and mortgage loans were up over 80% in the first four months of this year.
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Russia's CBR policy uncertain ahead of June 15 meeting as Fed hikes rates
Uncertainty surrounds the Central Bank of Russia (CBR) monetary policy meeting on June 15, as analysts can’t agree on if the regulator will cut rates by 25bp from current the 7.00% or leave them on hold.
Turkey’s private sector long-term foreign loans stock edges down 0.84% m/m in April
Short-term loans jump 7% m/m as of the end of the fourth month.
Turkey’s industrial output growth slows to 6.2% in April but better-than-expected
The expansion has now lasted 19 consecutive months, but the growth deceleration has persisted for the past four months.
Romania reports highest quarterly employment growth in the EU in first quarter
Eurostat figures confirm Romania is following the same path as its northern neighbours in CEE, whose labour markets have tightened dramatically.
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Real disposable cash earnings in Belarus to grow by 3.4% y/y in 2019
Calculation takes into account salary growth commensurate with the growth of labour productivity next year, said Economy Minister Vladimir Zinovsky.
Europe’s southeast corner sees sharp increase in airport traffic
Passenger numbers at Georgian airports soared by 30.5% and there were more modest hikes in Ukraine, Macedonia and Montenegro, ACI Europe study shows.
Romania’s headline inflation hits 5.4% y/y in May
The surge in consumer prices fuels expectations of a more hawkish central bank stance in the coming months.
Croatia ranks first worldwide in terms of tourist spending to GDP ratio
Tourism contributed 18.8% of Croatia's GDP in 2016 and that ratio is expected to soar this year after investments in new terminals at the country's main airports, found a report from consultancy network UHY.
Romania’s trade gap temporarily narrows in April
The long-term trend is towards wider trade deficits, and despite the narrowing in April on the back of a hike in exports, more is needed to return the trade gap to a more sustainable level.
Dividends paid in Slovenia up 8.3% y/y in 2017
The Slovenian government was the top recipient of dividends from local companies in 2017, taking 38% of the total €734mn.
Turkey’s vehicle production down 4% y/y in May
Output declines for the second consecutive month and registers 2% fall for Jan-May.
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Ukraine consumer prices remain flat m/m in May
Ukraine’s consumer prices remained flat in May comparing with April, while annual inflation stood at 11.7% year-on-year following 13.2% y/y in April, according to the Ukrstat state statistics service.
Turkey’s end-year inflation expectations rise further to 12.28% in June
Businesses and analysts became more anxious about rising prices amid the collapse in the value of the Turkish lira.
Turkey’s April current account deficit expands 46% y/y in line with expectations
Figure nevertheless will spur more anxieties that Turkey's economy is growing significantly above its potential.
Albania's unemployment rate falls 1.7% y/y in Q1
Albania's unemployment rate has been on a downward trend for the last few years and the European Commission expects it will drop further through 2019.