Data
Hungarian central bank cuts base rate by 75bp to 8.25%
Policymakers had discussed three options, a 50bp, 75bp and 100bp cut, and decided unanimously on the 75bp one, deputy governor Barnabas Virag said after the rate decision.
Where water stress will be highest by 2050
Water is not only the basis of life for animals and plants but is also likely to become a contested resource in parts of the world in the coming decades, reports Statista.
China remains Uzbekistan top trade partners with $2.1bn in 2023
China remained Uzbekistan top trade partner in the first two months of this year with a mutual trade turnover of $2.1bn, according to preliminary data from the Statistics Agency, Daryo reported on March 21.
Russia's CBR keeps rates on hold at 16%, but inflation expectations starting to fall
Russia’s Central Bank of Russia (CBR) kept rates on hold at 16% as expected at its monetary policy meeting on March 22, despite slowing inflation and falling inflation expectations amongst the population.
Polish retail sales jump 6.1% y/y in February
Consumption is expected to drive Polish economic growth in 2024 to 3%-4% after an expansion of just 0.2% last year.
Moldova’s central bank cuts policy rate by 50bp
National Bank of Moldova said decision aims “to slow down the decrease in inflation”.
Turkey dazzles market with additional 500bp rate hike to 50%
Central bank also widens spread in overnight lending channel. Authority has been pushing local banks to borrow from the funding facility.
Polish PPI deflation eases slightly in February
Poland's producer price index declined 10.1% year on year in February, following a revised fall of 10.4% y/y in January.
Romania’s construction index plunges by 14.8% y/y in January
Slump was deepest for residential construction segment.
Red, yellow, green data: which statistics can you trust in wartime Russia?
The West lashed out at Russia with extreme sanctions in the first week following the invasion of Ukraine and like a fleeing octopus the Kremlin immediately went into dark mode to protect itself. But some data can be trusted.
At least 22mn votes injected into Russia’s presidential election vote count
At least 22mn fake votes were injected into the Russian presidential election vote count, Russian opposition newspaper Novaya Gazeta reported on March 20.
Southeast Europe’s major cities are emptying out
Eurostat data shows fall in populations of biggest urban areas in Bulgaria, Croatia and Romania in last five years.
Polish core inflation eases growth to 5.4% y/y in February
Poland’s core inflation eased growth to 5.4% y/y in February after growing 6.2% y/y the preceding month.
Russia’s inflation accelerates to 7.7% in February
Russia’s consumer price inflation in February 2024 accelerated posted 0.68% month on month and accelerated to 7.7% year on year from 7.4% seen in January, according to the latest RosStat data.
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Slovak inflation eases to 3.4% in February
It is the lowest inflation level in over two years and was down by 0.5 percentage points on the January level.
Moldova’s GDP up 0.7% y/y in 2023 thanks to farmers
Aside from agriculture, most key sectors are still shrinking and the war in neighbouring Ukraine has delayed structural reforms.
Three billion people will live in uninhabitable zones by 2070
It's predicted that 3bn people will live in zones that have been made uninhabitable (black areas) by 2070, say scientists.
Polish inflation eases growth further to just 2.8% y/y in February
Polish consumer price inflation (CPI) expanded 2.8% year on year in February (chart) to the lowest level in three years, data from Poland’s statistical office GUS showed on March 15.
Romania’s public debt reaches 48.9% of GDP at end-2023
Romania's high fiscal deficit is expected to put pressure on the public debt-to-GDP ratio, eventually pushing it above 50%.
Romania’s inflation drops to 7.2% in February
February's fall in inflation was smaller than expected, increasing uncertainty about future rate cuts.