Economy minister says growth could be as high as 10% this year, but analysts warn this can only be achieved with major investments.
Arrivals from neighbouring countries shot up when Albania eased restrictions.
National Recovery and Sustainability Plan projects, together with higher exports and domestic consumption to drive recovery in Bulgaria.
Wage growth accelerated from just 0.9% y/y in the previous month.
Household consumption set to be one of the main drivers of Poland’s economic growth in 2021.
Frost, flooding and pests all damaged crops in Croatia this year, raising fears of price increases.
Poland’s industrial production growth expanded 18.4% year-on-year at constant prices in June, after jumping 29.8% y/y the preceding month.
Industrial production dropped by 7.8% m/m in May in the deepest monthly decline since the initial lockdown last March.
Against first half of 2020, exports, at $1.38bn, rose by 27.8% y/y and, more importantly when it comes to the long-term trend, grew 24.2% compared to 1H 2019.
Consumer prices in Ukraine increased by 0.2% m/m this June, the same as in June last year. As a result, annual inflation remained at 9.5% y/y. However, core inflation accelerated to 7.3% y/y from 6.9% in May.
After exploding this year, Russia’s producer price index of inflation (PPI) peaked in May but still remains at record highs.
Russian President Vladimir Putin’s personal approval rating remains stable having risen from 65% in April to 67% in May before falling back to 66% in June – a level it has been sitting at for most of the last decade.
Romania’s current account balance and foreign direct investment figures reveal a sharp increase in the country’s external deficit balanced by stronger FDI.
June expansion extends the period of ongoing high inflationary pressure in Poland.
North Macedonia’s central bank kept its key rate at the same level of 1.25% on July 14, as it assessed it appropriate for the current economic and financial conditions.
Bulgaria’s consumer prices increased 2.7% y/y in June, after rising by 2.5% year on year in May. The consumer price index (CPI) moved up 1.5% compared to December but dropped by 0.2% month on month
Regulator cites risks in inflation outlook. Denied cheaper money, president may now turn to selling rapid rebound in economy.
Trend, however, suggests economic recovery may be taking hold.
Georgia's foreign trade turnover recovered to pre-coronavirus crisis levels in Jan-Jun this year. The trade deficit was slightly smaller, yet amounted to 15% of full-year GDP.
There are signs that Moldova’s economy, as small and relatively closed as it is, will not remain untouched by the inflationary wave.