Romania’s trade gap keeps widening, although at a slower pace

bne IntelIiNews January 12, 2021

Romania’s imports have decreased at a slower rate compared to exports since the crisis emerged in early 2020, but the foreign trade gap has continued to widen.

Romania’s stock exchange close to pre-crisis peak after strong rally

Iulian Ernst in Bucharest January 11, 2021

The blue-chip BET index topped 10,000 points again, after the upward trend at the beginning of last year was interrupted by the COVID-19 pandemic.

Bulgaria's retail sales fell 6.4% y/y in November

bne IntelliNews January 10, 2021

The annual fall in November was due to plunging food and motor fuels sales, but retail turnover inched up compared to October.

World Bank improves Ukraine's growth forecast in 2021 from 1.5% to 3%

bne IntelliNews January 9, 2021

The World Bank revised upward its forecast for Ukraine's growth in 2021 to 3.1% from its earlier forecast of 1.5% issued in October, according to the January 2021 World Bank's Global Economic Prospects.

Non-food retail sales in Romania nearly 10% above pre-crisis peak

bne IntelliNews January 8, 2021

The steady improvement in the retail sales index shows healthy consumer confidence supported by the robust real wage growth and still moderate unemployment rates.

Ukraine's banking sector ends 2020 with best monthly profits in four years

Ben Aris in Berlin January 8, 2021

Ukraine’s banking sector remained impressively healthy throughout 2020 and finished the year on a high. The sector posted a sectoral profit of UAH43,365mn ($1.5bn), which was still down on the 2019 result, the best monthly result in four years

Romanian private pension funds return to robust growth

Iulian Ernst in Bucharest January 8, 2021

The weighted average rate of return for mandatory private pension funds rose to nearly 4.9% in November, but the private pension funds market in Romania remains underdeveloped.

Zagreb Stock Exchange's Crobex10 index at highest level since March 5

bne IntelliNews January 6, 2021

Prices on the Zagreb Stock Exchange started to revive after the news of successful vaccine trials in November.

Bosnia’s real GDP contracts 6.3% y/y in 3Q20

bne IntelliNews January 6, 2021

Modest recovery of 3.9% in quarterly terms in Q3 but Bosnia's economy isn't expected to fully recover from the coronacrisis until 2022.

Lower hydropower generation dragged down Slovenia’s electricity output down in November

bne IntelliNews January 5, 2021

Electricity generation by hydropower plants slumped in November forcing Slovenia to turn to thermal power generation and pushing up fuel consumption.

World Bank revises projection for Moldova’s 2020 GDP decline to 7.2%

Iulian Ernst in Bucharest January 5, 2021

Moldova's economic contraction continued in 3Q20 in contrast to the recovery demonstrated by most global economies after the spring lockdowns.

Turkey’s December manufacturing PMI retreats as virus second wave hits orders and supply chains

bne IntelIiNews January 4, 2021

Output softens, companies face difficulties in sourcing raw materials.

Slovenia’s economic sentiment indicator inched up m/m in December

bne IntelliNews January 4, 2021

Slovenia’s sentiment indicator dropped to a historic low in April 2020 and since then has remained below the long-term average.

Montenegro’s tourist arrivals shrink 85.5% y/y in November

bne IntelliNews January 4, 2021

The coronavirus-induced slump in tourism contributed to a GDP contraction estimated at between 9% and 12% in 2020.

Poland’s retail sales sink less than expected in November despite lockdown

bne IntelliNews January 4, 2021

Retail sales declined 5.3% y/y in constant prices in November, versus a fall of 2.9% y/y the preceding month.

Russia reserves gain $28bn in 2020 to reach $583bn as of November, but make-up has changed radically

bne IntelliNews January 3, 2021

Russia’s gross international reserves (GIR) fell by about $10bn in the third quarter of 2020 as the government spent some money on alleviating the pain of the coronacrisis to reach $582.7bn as of the last day of November.

Putin's popularity slips slightly to 65%, but 2020 crises burnished the government's image

bne IntelliNews January 2, 2021

Russian President Vladimir Putin’s approval rating dropped 3pp in November to 65% from 68% in October, while his disapproval rating rose from 31% to 34% over the same month.

Ukraine’s international reserves over $28.5bn, highest in eight years

bne IntelliNews January 2, 2021

Ukraine’s international reserves are “over $28.5bn,” their highest level in eight years, Bohdan Danylyshyn, head of the Council of the National Bank of Ukraine, wrote on his Facebook page

The seasonally adjusted IHS Markit Russia Services Business Activity Index fell fractionally in December to 48.0

bne IntelliNews January 1, 2021

The seasonally adjusted IHS Markit Russia Services Business Activity Index fell fractionally in December to 48.0 from 48.2 in November, as Russia’s economic recovery from this year’s annus horribilis is still struggling to gather some momentum

88% of Russians say 2020 was harder than 2019 and the worst year since the collapse of the Soviet Union

bne IntelliNews December 31, 2020

For the first time since 1991, 88% of Russians said the outgoing year was more difficult for the country than the previous one, according to a poll by independent pollster the Levada Center.