Germany sank into a technical recession in the Q2’19, its GDP fell 0.1 per cent. It worries most of the Western Balkan countries, as they depend on German economy.
Last year, 14 per cent of Lithuania's exports went to Russia, the largest share among the country's other importers. Latvia is Lithuania's second biggest trade partner, followed by Poland and Germany.
Škoda to produce electric components for Volkswagen
Ukraine’s gas imports from EU reached historic high
In the conditions of weakening international trade, the increase in sales to Germany proved to have a positive impact on the growth of Polish exports in 2018. This was largely due to factors not related to demand.
Each of the Brexit options, starting from a soft Brexit, and ending with a hard one, is ultimately a choice between the lesser of two evils.
Belarus has benefited greatly from its strong economic ties with Russia, which at the same time have prevented it from pursuing fundamental market reforms.
In order to diversify its sources of crude oil supply, Poland is importing less oil from Russia and more from other countries, such as Kazakhstan, Nigeria and the United Arab Emirates.
Bulgaria’s exports up by 1.5 per cent y/y (Jan-Nov’18)
Latvia: unemployment rate at 6.4 per cent by the YE
The EU has been present on the Macedonian market for years and European FDI stimulates the high-value exports and lowers the trade deficit benefiting both parties.
Latvia enters 2019 with a temporary budget
Hungary: new car sales up 17.5 per cent y/y