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LONG READ: The oligarch problem
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VISEGRAD BLOG: Central Europe's populists need a new strategy for Biden
OUTLOOK 2021 Lithuania
EBRD says loan to Estonia’s controversial Porto Franco project was never disbursed
Czech Pirates and Mayors approve final coalition agreement for 2021 elections
OUTLOOK 2021 Czechia
Hungarian vehicle makers hit by supply chain shortage
COVID-19 and Trump’s indifference helped human rights abusers in 2020
OUTLOOK 2021 Poland
OUTLOOK 2021 Slovakia
BRICKS & MORTAR: Rosier future beckons for CEE retailers after year of change and disruption
FDI inflows to CEE down 58% in 1H20 but rebound expected
BALKAN BLOG: US approach to switch from quick-fix dealmaking to experience and cooperation
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BALKAN BLOG: The controversial recipe for building up Albania
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ING: Growth in the Balkans: from zero to hero again?
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OUTLOOK 2021 Moldova
Storming parliaments: New Europe's greatest hits
World Bank revises projection for Moldova’s 2020 GDP decline to 7.2%
Montenegrins say state administration is most corrupt institution
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OUTLOOK 2021 Romania
Romania’s central bank cuts monetary policy rate by 25bp to 1.25%
Romanian construction companies' activity slows in November after intense 2020
OUTLOOK 2021 Slovenia
Slovenia’s opposition files no-confidence motion against Jansa cabinet
Slovenia’s government to release funds to news agency STA after EU pressure
UK Moneyhub picks Slovenia for post-Brexit European base
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ISTANBUL BLOG: Biden must find a way to work with Trump’s strongman pal Erdogan
Turkcell denies any affiliation with $1.6bn loan in default extended by Ziraat Bank to Virgin Islands company
CAUCASUS BLOG : What can Biden offer the Caucasus and Stans, all but forgotten about by Trump?
Armenia ‘to extend life of its 1970s Metsamor nuclear power plant after 2026’
OUTLOOK 2021 Armenia
COMMENT: Record high debt levels will slow post-coronavirus recovery, threaten some countries' financial stability, says IIF
OUTLOOK 2021 Georgia
No US move to rejoin Iran nuclear deal imminent say Biden national security nominees
TEHRAN BLOG: Will Biden bet on a quick return to the Iran nuclear deal?
Tehran Stock Exchange chief quits amid “Black Monday” fury
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Mongolia's winter dzud set to be one of most extreme on record says Red Cross
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OUTLOOK 2021 Tajikistan
OUTLOOK 2021 Turkmenistan
Turkmenistan: How the Grinch stole New Year
COMMENT: Uzbekistan is being transformed, but where are the democratic reforms?
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Romania's retail sales volume index increased by 4.0% in October compared to the same month last year, driven up by the non-food sales that fully offset the subdued fuel sales caused by lower mobility.
With fewer holiday options, Romanians seem to have refurnished their homes and renewed their home appliance stock.
The seasonally adjusted index rose for the first time (by 1.0%) above the pre-crisis sales peak reached in February.
The non-food retail sales increased by 13.1% y/y in October, the strongest annual growth rate since February.
Food sales rose by a healthy 4.8% y/y, the steepest advance since the shopping rush in March when people were preparing for lockdown.
In contrast, fuel sales lagged by 11.9% y/y in October, as the second wave of coronavirus infections was rising with a negative impact on mobility.
In seasonally adjusted terms, the retail sales advanced by 1.7% m/m in October, which was enough to bring the overall sales index above the pre-crisis level reached in February. Food sales reached this level in September and non-food sales a couple of months earlier, but only in October was their advance strong enough to compensate for the weak fuel sales that lag a significant 14.2% behind February.
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