Ukraine retail sales advanced 10.2% year-on-year in real terms in in January-October, accelerating from 9.8% y/y, the nation's state statistics service reported on November 20.
In October alone, retail jumped 11.0% y/y, or 2.3% month-on-month in real terms. Regionally, the highest retail growth in January-October occurred in the Kyiv (19.3% y/y), Vinnytsia (19.2% y/y), and Ternopil (17.8% y/y) regions. It was slowest in the Chernivtsi (-4.5% y/y), Chernihiv (0.9% y/y), and Zakarpattia (1.5% y/y) regions.
Evgeniya Akhtyrko at Kyiv-based brokerage Concorde Capital believes that relatively low consumer inflation in October helped to maintain a high pace of retail growth in real terms.
Concorde expects real retail to increase 8-9% y/y in 2019 (vs. 5.8% y/y in 2018).
McDonald’s opened its first restaurant in Hungary in April 1988 and since then it has become a dominant player in the fast food market.
Albania has historically run a substantial trade deficit caused by its narrow production and export base, and has partly funded this with remittances from Albanians living abroad.
The Belarusian government forecasts the nation's GDP to increase by 0.7% y/yin the first quarter of 2020, by 1.6% y/y in the first half of the next year, 2.2% y/y in January-September, and by 2.8% y/y over the year.
Higher prices in food, housing, hotels and restaurants, as well as culture and recreation segments drove the result, though a pick-up in core inflation also played a role.
Romania’s current account deficit reached €10.7bn, nearly 4.9% of GDP, in the 12-month rolling period ending November, 22.7% up y/y.