Turkish Airlines flies only 2.5mn passengers in March

Akin Nazli in Belgrade April 17, 2021

Resurgence in Turkey’s coronavirus outbreak looks set to hinder flag carrier’s attempts to stage a recovery.

Russian industrial output back to 1.1% growth in March

bne IntelliNews April 16, 2021

Russian industrial output posted 1.1% year-on-year growth in March 2021, according to RosStat statistics agency data, making the first y/y growth in a year.

NBU hikes rate 100bp to 7.5%

bne IntelliNews April 16, 2021

The National Bank of Ukraine (NBU) raised Ukraine’s prime rate by a full percentage point, to 7.5% on April 16, more than analysts anticipated, after inflationary pressures surged in March.

NBU expected to hike rates on rising inflation

bne IntelliNews April 14, 2021

The National Bank of Ukraine (NBU) is expected to raise its prime interest rate on April 15 in order to combat rising inflation, according to a Reuter’s poll of analysts, the newswire reported on April 14.

Istanbul-listed Dogan joining Turkish IPO spree with Galata Wind unit

Akin Nazli in Belgrade April 13, 2021

Small caps have offered huge returns with flotations the new "kitsch". Turk Ilac, locked at the price ceiling for 20 days, became a rich butt of jokes.

Ukraine's consumer price inflation rose to 8.5% y/y in March, making rate hike this week likely

bne IntelliNews April 12, 2021

Annual inflation in Ukraine sped up to 8.5% y/y in March from 7.5% y/y in February, the State Statistics Service reported on April 9, making a rate hike at this week’s monetary policy meeting likely, say analysts.

Minor outflows from Russian equity and bonds, despite talk of war with Ukraine

bne IntelliNews April 9, 2021

Russian equity markets saw a surprisingly modest outflow of $10mn from Russia dedicated funds on the week’s trading ending April 8 despite the arrival of the most Russian troops at the border with Ukraine since 2014.

Labour demand rebounds in Croatia

bne IntelliNews April 7, 2021

Labour demand reached about 95% of its pre-pandemic level in March, Online Vacancy Index showed.

Slovenia’s blue-chip index at its highest level in over a decade

bne IntelliNews April 7, 2021

Slovenia’s bourse blue-chip index SBI TOP exceeded 1,000 points on April 7, which is the highest value since the end of 2009.

Russia's inflation seen peaking at 5.8% in March

bne IntelliNews April 7, 2021

Russia's consumer price inflation in March 2021 posted 0.7% month on month and 5.8% year on year (versus 5.7% y/y in February and 5.2% y/y in January), according to the latest data from RosStat statistics bureau.

Romania’s retail sales growth moderates to 1.5% y/y in Jan-Feb

bne IntelliNews April 6, 2021

Romania's retail sales index increased by 1.5% y/y in January-February compared to the same period last year — softer growth than previously but still positive despite the worsening of the pandemic in early 2020.

Russian services PMI jumps to seven-month high in March

bne IntelliNews April 6, 2021

The seasonally adjusted IHS Markit Russia Services Business Activity Index jumped to a seven-month high of 55.8 in March, up from 52.2 in February, the consultants said in a press release on April 4.

Turkish manufacturing expansion hindered by raw material sourcing difficulties PMI survey shows

bne IntelIiNews April 5, 2021

Inflationary pressures in industry were exacerbated by currency weakness, even ahead of lira’s latest plunge.

Kosovo’s economy turns to slim growth of 0.72% in 4Q20

bne IntelliNews April 4, 2021

The financial and insurance, manufacturing and IT sectors grew strongly in 4Q20, but construction slumped.

CEE reels as third wave of COVID-19 breaks

bne IntelliNews April 3, 2021

A third wave of the coronavirus pandemic is sweeping through Emerging Europe. While Russia is expecting to reach herd immunity in the next two months, most other countries of the region have only just started their mass immunisation programmes.

Rosstat revises 2020 GDP contraction to milder 3% y/y, 4Q20 data points to strong recovery momentum

bne IntelliNews April 2, 2021

Russia’s economy fared much better in the last quarter of last year than expected, according to the state statistics agency's revised figures released on April 1.

Russia’s manufacturing PMI recovery slows in March, but still in the black

bne IntelliNews April 1, 2021

The headline seasonally adjusted IHS Markit Russia Manufacturing PMI recovery slowed in March, but still registered 51.1, down slightly from 51.5 in February, but still above the 50 no-change mark.

Poland’s CPI surprises with jump of 3.2% y/y in March, flash estimate shows

Wojciech Kosc in Warsaw April 1, 2021

Earlier speculation of a rate cut is all but gone now in the context of what appears an incoming period of fast growth of the CPI.

Bosnia's current account deficit dropped to record low in 2020

Eldar Dizdarevic in Sarajevo March 31, 2021

The current account deficit stood at -3.2% of GDP, the lowest level in modern Bosnian history.

“Extensive” solar opportunities, potential for wind and geothermal power in Albania

bne IntelliNews March 30, 2021

Irena report identifies opportunities for solar, wind and geothermal energy as Albania moves away from reliance on hydropower.