The Hungarian forint is amongst the worst-performing currencies this year, and its depreciation is forecast to continue thanks to the central bank’s dovish policies.
Russia’s industrial output grew 2.1% on the year and 8.9% on the month in December after rising 0.3% on the year in November
The expansion in December is hardly a surprise even if it fell slightly short of consensus. Poles’ robust consumer spending is driven by the good situation on the labour market, growing wages in particular.
The Watcom shopping index finished 2019 on a high note, putting in its best result in five years after under-performing for almost the whole year.
Ukraine’s retail sales grew by a healthy 10.5% y/y in real terms in 2019, accelerating from from 5.8% y/y in 2018, Ukraine’s State Statistics Service reported on January 21.
Russia’s gross international reserves (GIR) topped $557.5bn on January 10, according to the Central Bank of Russia (CBR), surpassing the previous all-time high in 2008.
Most economies are failing to provide the conditions in which their citizens can thrive, said the World Economic Forum on releasing its new social mobility index.
Rise was driven by electronics and automotive sectors where foreign investors have developed production facilities, while light industry keeps losing ground due to the lack of workforce.
The headline figure also sees the PPI inflation rate below zero for the fifth consecutive month after an uninterrupted growth period of nearly three years.
Moldova’s exports contracted by 1% y/y to $266.6mn in November as the recovery in exports to the CIS was not strong enough to offset the drop in exports to the EU.
McDonald’s opened its first restaurant in Hungary in April 1988 and since then it has become a dominant player in the fast food market.
Albania has historically run a substantial trade deficit caused by its narrow production and export base, and has partly funded this with remittances from Albanians living abroad.
The Belarusian government forecasts the nation's GDP to increase by 0.7% y/yin the first quarter of 2020, by 1.6% y/y in the first half of the next year, 2.2% y/y in January-September, and by 2.8% y/y over the year.
Higher prices in food, housing, hotels and restaurants, as well as culture and recreation segments drove the result, though a pick-up in core inflation also played a role.
Romania’s current account deficit reached €10.7bn, nearly 4.9% of GDP, in the 12-month rolling period ending November, 22.7% up y/y.
Ukraine’s consumer prices declined 0.2% month-on-month in December from 0.1% m/m growth in November, while annual inflation slowed to 4.1% y/y from 5.1% in November
At the end of last year, the number of unemployed job applicants in the Czech Republic reached 215,532, which is the lowest figure since December 1996.
Ukraine's reserves hit a 14 year high of $25.3bn in 2019
Russia's consumer price inflation posted 0.4% month-on-month in December 2019, translating into a 2019 full-year CPI of 3% year-on-year versus 4.3% y/y seen in 2019, according to the preliminary estimates of the Rosstat statistics agency.
110 M&A deals took place in Romania in 2019, with a estimated value of between €4.0bn and €4.4bn, according to consultancy firm Deloitte.