National Bank of Serbia maintains policy rate at 6.5%

bne IntelliNews March 7, 2024

The decision to maintain the reference interest rate was primarily influenced by the global economic landscape, characterised by declining but still elevated inflationary pressures.

Poll shows Bulgarians have turned against Putin

bne IntelliNews March 7, 2024

Bulgaria took a strong pro-Western turn after Russia's invasion of Ukraine.

Romania’s retail sales post impressive 6.6% y/y advance in January

Iulian Ernst in Bucharest March 7, 2024

Private consumption is expected to be a major growth driver in Romania this year and the January figures are fully consistent with this.

Decline in Kazakhstan services PMI deepens in February

bne IntelliNews March 6, 2024

Weak underlying demand trends and poor weather conditions hit activity.

Turkey’s official headline inflation moves up to 15-month high of 67% in February

Akin Nazli in Belgrade March 4, 2024

Central bank watching for lagged effects of rate hikes that have taken benchmark to 45%.

Kazakhstan manufacturing PMI deteriorates in February despite growth in new orders

bne IntelliNews March 4, 2024

Rate of input cost inflation quickened and output prices were raised to largest extent for a year.

Newly released PMI index shows Romania's manufacturing sector stuck in recession

bne IntelliNews March 4, 2024

The Romanian manufacturing sector faces new shocks from supply chain bottlenecks and higher taxes affecting activity, in the context of already broad-based weakness in demand.

Czech PMI inches upwards in February

bne IntelliNews March 4, 2024

The Manufacturing Purchasing Managers’ Index (PMI) for Czechia, compiled by market intelligence company S&P Global, inched upwards in February to 44.3 amid some positive signs in the struggling manufacturing sector.

Turkish manufacturing returns to growth for first time in eight months, February PMI shows

bne IntelliNews March 3, 2024

Input and output price components still elevated, suggesting price pressures remain strong, says Capital Economics.

Polish manufacturers anticipate recovery as PMI’s growth well beats consensus in February

bne IntelliNews March 2, 2024

Poland's Purchasing Managers' Index rose 0.8 points to 47.9 in February, the economic intelligence company S&P Global said on March 1.

Russia’s manufacturing PMI surged in February to post 54.7, its best performance in 13 years

bne IntelliNews March 1, 2024

Russia’s manufacturing PMI surged in February to post 54.7, up from 52.4 in January, putting in its biggest gains in 13 years, S&P Global reported on March 1.

Polish GDP grows 1.7% y/y in Q4

Wojciech Kosc in Warsaw March 1, 2024

Investment held up well, growing 8.7% y/y, adding 1.5pp compared to the preceding quarter.

Turkey posts 2023 GDP of 4.5% as finance minister Simsek markets his “middle ground”

Akin Nazli in Belgrade February 29, 2024

In the battle to trigger hot money inflows, the current course means the delivery of a positive real rate will only occur in the second half.

Annual inflation in Russia remains flat at 7.58% at the end of February

bne IntelliNews February 29, 2024

Russia's inflation rate accelerated slightly in the week from February 20 to 26, inching up to 7.58% from 7.57% the previous week, according to the Ministry of Economic Development's latest data.

Russia posts accelerated 4.6% GDP growth in January

bne IntelliNews February 29, 2024

Russia's economic growth accelerated in January 2024, expanding by 4.6% y/y, up from a 4.4% increase in December, according to the Russian Ministry of Economic Development.

Russia's industrial production up 4.6% in January

bne IntelliNews February 29, 2024

Russia's industrial production accelerated in January to 4.6% y/y, the highest in three months and up from 2.7% in December, Rosstat reported on February 29.

Three of seven Hungarian regions among 20 poorest in EU

Tamas Csonka in Budapest February 28, 2024

The four poorest Hungarian regions (Southern Great Plain, Northern Great Plain, Northern Hungary and Southern Transdanubia) had per capita GDP of between 50-55% of the EU average.

Central Bank of Iran defends exchange rate policy as rial spirals

bne Tehran bureau February 26, 2024

The Central Bank has responded to criticisms regarding its decision last month to permit banks to sell certificates of deposits with a 30% interest rate.

Commercial real estate investment dropped by 55% in Central Europe in 2023, says Cushman & Wakefield

bne IntelliNews February 26, 2024

The highest proportion of the capital went into the office sector, although its share dropped from 41% in 2022 to 32% in 2023 because of the increasing trend towards remote work.

Kazakh central bank cuts key policy rate after inflation declines to 9.5% in January

bne IntelliNews February 26, 2024

Reduction of 50 bp takes benchmark to 14.75%.