The Central Bank of Russia (CBR) surprised analysts by hiking its monetary policy rate by 25bp to 7.5% -- the central bank’s first increase in interest rates since 2014.
The main index of the Bucharest Stock Exchange advanced by 4.4% in January-August while emerging markets benchmarks stayed in the red.
Employers in two Southeast European economies report robust hiring intentions, as global picture remains positive despite looming trade wars and Brexit uncertainty, ManpowerGroup survey shows.
The Czech IHS Markit Manufacturing Purchasing Managers Index (PMI) fell to 54.9 in August from 55.4 in July, the weakest result since August 2017, figures released by IHS Markit show.
The foreign exchange reserves of Belarus increased by $216mn, or 3.1% month-on-month, to $7.246bn in August
The National Bank of Georgia’s (NBG’) Monetary Policy Committee decided to keep the refinancing rate unchanged at 7.0%.
The National Bank of Ukraine (NBU) increases its key policy rate by 0.5 percentage points (pp) to 18% from September 7, the regulator said in a statement on September 6.
Ukraine's international reserves fell by 2.9% in August to $17.232bn taking the level below the three month future import cover considered to be a minimum to ensure the stability of the hryvnia, following a 1.3% decline in July
The Ministry of Economic Development worsened Russia's short-term economic outlook as expected due to volatility on emerging markets, worsened sanction risks, faster capital outflow and rising cost of debt.
Russia’s IHS Markit services PMI rose to a three month high in August of 53.3, up from 52.8 a month earlier and well ahead of the 50 no-change benchmark.
Serbia holds top spot worldwide in terms of jobs created by foreign direct investors relative to its population size, with fellow Central and Southeast European countries dominating the top 10 locations, IBM's Global Location Trends report shows.
The Consumer Price Index (CPI) in Georgia increased by 3.1% y/y in August, while edging up by 0.5% compared to July, statistics office Geostat said on September 3.
The latest IHS Markit manufacturing PMI for August was slightly up m/m to 48.9 from 48.1 in July, but still below the 50 no-change mark.
Causes of the high profitability include banks cleaning up their portfolios, the rise in interest rates and consolidation within the sector.
Growth moderated for the second consecutive quarter, as domestic demand expanded a modest 4.5% y/y, held back by a 0.8% annual fall in investment.
The Belarusian government has dramatically revised downward its forecast for the country’s GDP growth in 2019 (from 4.5% year-on-year to 2.1% y/y), according to the nation's new Economy Minister Dmitry Krutoy.
Georgia’s GDP grew by 4.6% y/y in July, a flash estimate from statistics office Geostat showed on August 30.
Russian inflation breaks above 3% for the first time in a year as inflation pressures rise
Data underlines acceleration in the pace of the rebalancing seen in the crisis-hit Turkish economy.