Eastern Europe / Data

Belarus reports 4.5% y/y GDP growth in January-June

bne IntelliNews July 18, 2018

The economy is recovering mainly thanks to the ongoing recovery in neighbouring Russia, the country's main trade partner.

Georgia almost doubled exports to Russia in 2017

bne IntelliNews July 17, 2018

Despite the hostile relations between Tbilisi and Moscow, which backs two separatist republics within Georgia, trade between the two countries is flourishing.

Ukraine central bank increases key rate by 0.5 pp to 17.5%

Sergei Kuznetsov in Kyiv July 12, 2018

The National Bank of Ukraine increased its key policy rate by 0.5 percentage points to 17.5% from July 13 with the aim of bringing "inflation back to the target range in 2019", the regulator said.

Russia on course for the biggest trade surplus since 2011 this year

bne IntelliNews July 12, 2018

Higher oil prices, the new fiscal rule and the World Cup all supported Russia’s currency account balance in the second quarter of this year leading to a $22.3bn surplus and putting Russia on course for its biggest surplus in seven years.

Belarus reports 0.4% m/m inflation in June

bne IntelliNews July 11, 2018

Inflation in Belarus stood at 0.4% month-on-month in June (vs 0.3% m/m deflation in May), and 2.9% year-on-year (vs 2.5% y/y inflation in May), according to the national statistics agency Belstat.

Belarus revises upward GDP growth in January-March

bne IntelliNews July 11, 2018

Belarusian national statistics agency Belstat has revised upward its GDP growth figure for January-March to 5.2% year-on-year from initially estimated 5.1 % y/y growth.

Russian inflation edges down to new record low, but signs that price pressures are building

bne IntelliNews July 10, 2018

Despite the Central Bank of Russia warning of rising inflation in the rest of the year following the government’s decision to increase VAT, inflation fell modestly in June to set a new post-Soviet record low of 2.3% y/y.

Ukraine's consumer prices inflation back into single digits for first time since October 2016

bne IntelliNews July 10, 2018

Ukraine's consumer prices inflation back into single figures for the first time since October 2016

CEE monthly bond wrap: summer doldrums

Ben Aris in Berlin July 5, 2018

Bond markets in emerging Europe came to a stand still in June. Politics killed off almost all interest in issuing fresh paper: Turkey held crucial presidential elections where the outcome was far from clear and Russia was reeling from sanctions.

Remittances to Ukraine from overseas workers increased by a third to a record $2.6bn in Q1 18

bne IntelliNews July 5, 2018

Remittances to Ukraine from overseas workers increased by a third (34.2%) y/y in the first quarter of 2018 to a record high of $2.6bn, or 10.2% of GDP, the National Bank of Ukraine (NBU) reported on July 2.

Russia's services PMI fail to push composite PMI up in June

bne IntelliNews July 4, 2018

Business activity across the Russian service sector showed modest and slower expansion in June 2018, calling into question the strength of Russia's ongoing economic recovery

Russia's National Welfare Fund grows steadily to $77bn in June

bne IntelliNews July 4, 2018

Russia's sovereign National Welfare Fund (NWF) reached RUB4.8 trillion or $77bn as of end of June 2018, according to the Finance Ministry. The fund added solid $15bn month-on-month as compared to $62.7bn as end of May.

Ukraine real wages accelerate to 14% y/y growth in May

bne IntelliNews July 2, 2018

Real wages in Ukraine grew 14.1% y/y in May, accelerating from 12.5% y/y growth in April, the State Statistics Service reported on June 27.

Ukraine's current account almost flat in May

bne IntelliNews July 2, 2018

Ukraine's current account (C/A) balance had an insignificant deficit of $41mn in May, being almost balanced for the second month in a row after a $193mn surplus in April, according to the state statistics agency.

Russian manufacturing conditions deteriorate for second month in June

bne IntelliNews July 2, 2018

Operational conditions in Russian manufacturing sector deteriorated for a second successive month in June, with the manufacturing output dipping to joint-weakest since July 2016 and new orders declining for the first time in almost two years, the Man

Russia's economy will slow down before leaping, EconMin believes

bne IntelliNews July 2, 2018

Russia's Economics Ministry revised its GDP growth forecast down to 1.9% from the previous 2.2% outlook, while in 2019 economic growth in expected to slow down to 1.4%, according to an unpublished internal outlook revision

Remittances to Ukraine expected to top $10bn in 2018

bne IntelliNews June 22, 2018

Ukraine currently has the lowest wages in Europe, and millions of Ukrainians have taken advantage of the visa-free regime introduced by the EU last June to go abroad to find work.

Retail sales in Ukraine increase by 6% y/y in January-May

bne IntelliNews June 21, 2018

Ukraine’s retail sales in real terms increased 6.1% year-on-year in January-May, decelerating from 7% y/y growth in January-April

Russian revised macro data suggests continued recovery in May, but incomes slip

bne IntelliNews June 21, 2018

Russia's economic recovery continued in May based on base sector data provided by Rosstat on June 20, but that was coupled with an unexpected dive in real income in May that caught analysts off guard.