Turkey dazzles market with additional 500bp rate hike to 50%

bne IntelliNews March 21, 2024

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

Wojciech Kosc in Warsaw March 21, 2024

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

bne IntelliNews March 21, 2024

Slump was deepest for residential construction segment.

Red, yellow, green data: which statistics can you trust in wartime Russia?

Ben Aris in Berlin March 20, 2024

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

Ben Aris in Berlin March 20, 2024

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

bne IntelliNews March 19, 2024

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

Wojciech Kosc in Warsaw March 19, 2024

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

bne IntelliNews March 18, 2024

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.

Slovak inflation eases to 3.4% in February

Albin Sybera March 18, 2024

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

Iulian Ernst in Bucharest March 18, 2024

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

bne IntelliNews March 18, 2024

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

bne IntelliNews March 17, 2024

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

bne IntelliNews March 15, 2024

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

Iulian Ernst in Bucharest March 14, 2024

February's fall in inflation was smaller than expected, increasing uncertainty about future rate cuts.

North Macedonia’s central bank maintains key rate at 6.3%

bne IntelliNews March 13, 2024

Domestic inflation decelerated to an annual rate of 3% in February, as pressures from food and energy prices decreased.

Moldova’s inflation remains moderate in February

Iulian Ernst in Bucharest March 12, 2024

Inflation has been in the lower half of the 5%+/-1pp target band for three months.

Slovak industrial production grew by 3.6% y/y in January

Albin Sybera March 11, 2024

The strongest negative influence came from a 6.2% decrease in the country’s decisive sector, the manufacture of transport equipment.

Hungary CPI slows to 18-month low in February

Tamas Csonka in Budapest March 11, 2024

Hungary's inflation slowed to 3.7% in February, down from 3.8% in the previous month.

Construction, ICT and agriculture push Romania’s GDP growth to 2.1% in 2023

Iulian Ernst in Bucharest March 11, 2024

Romania’s economy advanced by 1.1% y/y in the last quarter of 2023 and by 2.1% y/y in the full year.