Inflation

EU: Inflation decreased by 1.7 %

Euro area annual inflation down to 1.7%

April 3, 2013

Russia: Refinancing Rate Expected to Be Cut

The Central Bank of Russia (CBR) estimates inflation risks higher than a slow economic growth. However, the refinancing rate is expected to be lowered soon.

April 3, 2013

Poland: Inflation Rate for Private Individuals At 1.6 %

March was the seventh consecutive month of decline in private individuals' inflation expectations. Respondents place average inflation rate as expected over the next 12 months at 1.6%.

March 30, 2013

Hungary: Economic Growth Only in 2014

The MNB, the National Bank of Hungary estimates economic growth to further stagnate in 2013 but forcasts positive devolopments for the next year.

March 29, 2013

Czech Republic: Disinflation Continues

Analysts expect Czech economy to grow by 1.7 % next year.

March 29, 2013

Poland: Tusk Appears Optimistic On 2013 Budget

Prime Minister, Donald Tusk remains hopeful on fulfilling the 2013 budget criteria, despite of a disadvantageous macro economical outlook.

March 18, 2013

Poland: Inflation Decreasing

Declining inflation was supported by weaker demand and cost pressures in the economy, decrease in energy price growth as well as zloty exchange rate stronger than a year ago.

March 15, 2013

Czech Republic: Slight Increase of Consumer Price Index

Consumer prices in February increased by 0.1% compared with January. This rise came primarily from price increases in 'transport' and 'recreation and culture'. The year-on-year growth of consumer prices decelerated to 1.7% in February (1.9% in January).

March 11, 2013

Latvia´s Consumer Prices Stable

Compared to February of previous year, consumer prices have increased by 0.3%.

March 8, 2013

Poland: NBP Cuts Interest Rate to Record Low

The council of fiscal policy has cut interests rate down to 3.25 % which is the lowest since Poland’s democratic turnaround in 1989.

March 6, 2013

Hungary: Highest Loss in Real Wages in Five Years

Gross salaries increased 4.6 % while net income only saw moderate rise at 2 % in 2012.

March 6, 2013

Hungary: GKI Forecasts Budget Deficit of HUF 200 bn

The Hungarian government is in complete opposite to GKI’s statement: forecasts economic growth of 1 % and does not see any concerns.

March 5, 2013

Latvia: Letter Requesting the Convergence Report is Signed

The Baltic country wants to become a member of the Eurozone by 2014.

March 5, 2013

Mixed Outlook for Russia

This year, Russia´s GDP will grow by 3.3%, the World Bank predicts. Regarding economic reforms, Russia must improve its effort, though.

March 4, 2013

Hungary: Matolcsy Becomes New Central Bank Governor

Prime Minister Orbán nominated the former National Economy Minister as the new governor of the MNB (National Bank of Hungary). Experts are concerned about the stability of the Forinth.

March 1, 2013

Serbia: Real Wages Falling Drastically

Salaries and wages per employee in the Republic of Serbia were down by 17% in January 2013.

February 28, 2013

Ukrainian Banking Sector Shows Small Progress

NBU, the National Bank of Ukraine stresses that deposits and lending is growing decently. The inflation remains low.

February 22, 2013

Romania: Key Rate to Remain Unchanged

“In line with our expectations and market consensus, the central bank remained on hold at its latest monetary policy meeting (5 February)”, Raiffeisen Research reports.

February 21, 2013

Ukraine: Hryvnia Expected to Weaken Slightly

Hryvnia enjoyed good support at the market in early 2013 amid diminished depreciation expectations and accelerated debt inflows, Raiffeisen Research reports.

February 21, 2013

Hungary: Nominal Earnings Grew By 4.6%

In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 4.6%.

February 21, 2013

Ukraine´s Economy Stagnates

According to the preliminary estimate by the State Statistics Committee, Ukraine’s GDP grew 0.2% yoy in 2012, thus decelerating from 5.2% yoy in 2011.

February 20, 2013

Poland: Economic Slowdown Becomes More Visible

Poland´s economic growth continues to decelerate. Domestic consumption and employment goes down.

February 19, 2013

Poland: Rostowski Calls for Structural Reforms

Minister of Finance Jacek Rostowski wants his country to join the Eurozone. However, Poland has to implement fiscal reforms, he claims.

February 18, 2013

NBU: “Banking Industry Shows an Upward Trend”

Mr. Oleksii Tkachenko, Deputy Governor of the National Bank of Ukraine, believes that overall 2012 was a successful year for the domestic banking industry.

February 18, 2013

Euro Adoption: Latvian People Not Convinced at All

Latvia´s government is proud of its austerity course of the last years. According to Prime Minister Valdis Dombrovskis, the country is ready for the euro.

February 16, 2013

European Economy: Nowotny Demonstrates Pessimism

This year, the economy of the Eurozone will shrink, the governor of Austrian National Bank says. Austria suffers from a weak domestic consumption, Nowotny explains.

February 15, 2013

Austria: “Things are improving, but only slowly”

“The decline in the fourth quarter of 2012 is old news.” Austria’s economy growing moderately again in the first quarter, Bank Austria says. Economic growth in 2013 to be slightly higher than last year.

February 15, 2013

Hungary: Inflation Moves Up

In January consumer prices increased by 3.7% compared to January 2012.

February 14, 2013

Russia: Consumer Loans Growing Substantially

At the moment, the market for consumer loans is growing by 40%. The household indebtedness is still relatively low.

February 13, 2013

Slovakia: Inflation Grows Slightly

In January 2013, a year-on-year inflation reached a value of 2,4 %, in total, core inflation 2,8 % and net inflation 2 %.

February 13, 2013

IMF Supports Lithuania´s Aim to Enter Eurozone

In 2015, the Baltic country wants to become a member of the Eurozone. According to Prime Minister Algirdas Butkevicius, the IMF welcomes this decision.

February 12, 2013

Bulgaria: Inflation Reaches 4.2%

The past 2012 ended with 4.2% annual inflation after in December the reported monthly increase of the price level totalled 0.4%, Raiffeisen Research Reports.

February 12, 2013

Inflation Slightly Below CNB’s Forecast

The Czech National Bank comments on the January 2013 inflation figures.

February 12, 2013

Czech Inflation Rate Flattens

In January, consumer prices were up by 1.3%. In the last twelve months, the price increase was 1.9%.

February 11, 2013

Boom Market Turkey: Overheating or an Investment Opportunity?

Erste Group: “A Positive Outlook on the Bosporus”. This year, Turkey´s expected GDP growth comes at 4%.

February 11, 2013

Russia: National Bank Under Pressure

Russia´s National Bank faces a growing inflation rate. At the same time, the economic growth flattens.

February 9, 2013

Czech National Bank: Recession Goes On in 2013

According to CNB, the country has not overcome the crisis yet. This year, the Czech GDP will fall by 0.3%.

February 7, 2013

IMF Is Satisfied With Progress in Ukraine

This week, the meeting between the senior officials of the National Bank of Ukraine and experts from the IMF's European Department took place in Kyiv. The co-operation will be intensified.

February 7, 2013

Austria´s Economic Situation Is „Unfavorable“

Today, the German economic research institute ifo has published a report on the economic outlook in the Eurozone.

February 6, 2013

Serbia: Key Policy Rate Raised to 11.75 Percent

In its meeting, the NBS Executive Board voted to raise the key policy rate by 0.25 percentage points to 11.75 percent.

February 6, 2013

Romanian Inflation Remains High

Adverse statistical base effect would be preserved in H1 2013, keeping headline annual inflation between 5.4-5.8% yoy, Raiffeisen Research reports.

February 2, 2013

Lower Constraints for Romanian National Bank

Central bank to remain on hold, but room to ease control over liquidity conditions has increased, Raiffeisen Research reports.

February 1, 2013

National Bank of Serbia Fights Against Inflation

The asset quality in the banking sector shows first signs of stabilization, Raiffeisen Research reports.

January 30, 2013

Hungarian National Bank Cuts Interest Rate Again

At its meeting on 29 January 2013, the Monetary Council reviewed the latest economic and financial developments and voted to reduce the central bank base rate by 25 basis points from 5.75% to 5.50%, with effect from 30 January 2013.

January 30, 2013

Slovak National Bank Cuts Economic Forecast

In January 2013, Národná banka Slovenska (NBS) revised the NBS Medium-Term Forecast published in December 2012 (MTF-2012Q4).

January 30, 2013

Serbia: Inflation Above Target Range

According to a country report published by Raiffeisen Research, inflation has bottomed in December 2012. The annual inflation comes at 12.2%.

January 29, 2013

NBU Expects Lower Inflation

The inflation expectations of the heads of Ukrainian enterprises have been low for the third quarter in a row.

January 28, 2013

Hungary: Real Wages Declining Persistently

In the first eleven months of 2012, real wages of Hungarian workers was down by 3.5%.

January 26, 2013

WIFO: Austrian Economy to Grow Slowly

In the next years, Austria´s economy will recover gradually, the Austrian Institute of Economic Research says.

January 25, 2013

Business Cycle Survey: Czech Overall Confidence Decreases

Overall confidence in domestic economy decreased slightly in January. The composite confidence indicator (economic sentiment indicator) decreased by 0.3 points compared to December.

January 24, 2013
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