COVID-19 pandemic caused slump in tourism in Hungary.
Czech industrial production slowed its year-on-year decline to 11.9% in June, surpassing expectations.
Imports showed a considerably sharper decline than exports in the first half of 2020.
In July 2020, Ukraine's international reserves increased by 1.0% to $28.802bn (in equivalent), the National Bank of Ukraine (NBU) announced on August 7.
Ukraine’s real GDP dropped 6.5% y/y in 1H20, deepening from estimated 5.9% y/y decline in 5M20, according to an estimate published on Aug. 6 in the report of the Ministry of Economic Development. In 2Q20, GDP collapsed 11.0% y/y
Rosstat reported that CPI grew 0.4% m/m in July, bringing the annualized inflation rate to 3.4% y/y.
The growth “will help to claw back some of the output lost” during the pandemic-triggered downturn “but will have to be sustained for a longer period for a full recovery to be secured”, says IHS Markit.
Moscow’s Watcom shopping index has recovered almost all of the ground lost during the lockdown in spring as Russian consumers have returned to the top malls in the capital.
The headline seasonally adjusted IHS Markit Russia Manufacturing PMI (Purchasing Managers Index) has remained under pressure in July, posting 48.4, down from the 49.4 seen in June, IHS Markit reported on August 3.
Trade in non-food products grew by 11.9% compared to May, despite a slump in the value of automotive fuels and lubricants sales.
Slovenia’s population reached 2,097,195 as of April 1, up by 1,300 compared to three months earlier.
Deficit soared by 126% y/y to €9.4bn, but Finance Minister Florin Citu says Romania won't need IMF support.
Visitor numbers from Germany, Slovenia, Poland and the Czech Republic nearly as high as last year, raising hopes of a respectable tourist season despite the pandemic.
In March the governors overtook Putin in the popularity stakes with an approval rating of 65 vs Putin’s 63, but since then they have seen their popularity fall by 7pp
Consumer confidence crashed in the second quarter of this year, while business confidence has started to recover after its nadir in May.
The share of unprofitable organisations in Russia in January-May 2020 amounted to 36%. At the same time, the profit of Russian enterprises fell by more than two times, according to Rosstat data.
A new study finds that the more overweight the politicians in a government from the former Soviet Union are, the more likely that government is to be corrupt.
Analyst concludes: “We think rates will now be left on hold for the next couple of years. But given high rates of inflation as well as the lingering threat of renewed falls in the lira, the risks are skewed towards tighter policy.”
M&A volume in 1H20 was only boosted by the finance ministry's purchase of 50% of Russia's largest bank Sberbank from the Central Bank of Russia for $33.9bn.
Moldovan companies received modest public support during the coronacrisis and avoided suspending operations, but this had a negative impact on the epidemiological situation in the country.