President Donald Trump’s evolving trade policy is set to sharply increase the United States’ effective tariff rate (ETR), with Fitch Ratings warning of substantial rises as new duties take effect on August 1.
The world is living through turbulent times, but investors are still chasing returns which has affected the flows of international foreign direct investment.
Grumbling, meanwhile, emerges from lira investors under pressure from officials to share their profits.
Poland’s core inflation, an indicator that measures price growth without including prices of food and energy, picked up its growth rate to 3.4% year on year in June (chart) after a gain of 3.3% y/y the preceding month.
In Q1 alone, over 6mn visitors arrived - a 29.6% year‑on‑year jump and the strongest quarter on record. That translated into roughly $9.3bn in tourism revenue.
The National Bank of Serbia now holds 50.5 tonnes of gold, said governor Jorgovanka Tabakovic.
A decline in global population later this century may threaten human progress, or it may lead to better lives.
Moldova’s exports fell by 11.1% y/y in May and by 10.8% to €3.1bn in the 12 months to May 2025.
Romania’s industrial production posted a sharp year-on-year increase of 7.1% in May.
Moscow now playing second fiddle to Beijing across the ex-Soviet space.
Growth of consumer price indices (inflation) accelerated further to 4.3 year on year, and by 0.2% month on month. This is up on the 4.1% y/y acceleration registered in May, and the highest inflation level since December 2023.
Poland’s consumer price index rose 4.1% year on year in June (chart), picking up from 4% y/y the preceding month, data published by the national statistics office GUS on July 15 showed.
Russian consumer prices rose 0.2% month on month and 9.4% year on year in June, in line with preliminary weekly data, according to the latest RosStat report.
Electricity market liberalisation and a VAT hike in August are expected to put upward pressure on prices.
As July 11 marks World Population Day, celebrating the approximate date that the world's population reached 5bn in 1987, we're taking a closer at one of the population trends that will affect many countries sooner or later in the 21st Century.
Consumer price growth in Czechia reached its highest level this year after the country’s statisticians confirmed inflation increased by 2.9% year on year, and by 0.3% month on month.
Output fell in most sectors, including in the robust car industry.
Data confirms Romania’s GDP continued its five-quarter quasi-stagnation in Q1.
Steepest annual price rises for categories including food products, transport and package holidays.
Russian consumer prices jumped to 0.79% growth week-on-week in the week ending July 7, up from 0.07% seen in the previous week.