Page 66 - BNE_magazine_10_2019 kolomoisky

66 I New Europe in Numbers bne October 2019
Moldova: quarterly GDP [2010 MDL]
The majority of Ukrainians think the country is going in the right direction for the first time in five years
The mood amongst the public since Ukrainian President Volodymyr Zelenskiy came to power has done an abrupt about face and deep pessimism has turned to growing optimism in the future of the country.
For most of the last five years circa 70% of people in Ukraine believed their country was going in the “wrong direction”, but that has collapsed to 18% in September and now the majority (56%) believe the country
is going in the “right direction”, according to the latest poll from the Sociological Group Rating. A quarter (26%) remain undecided.
Moldova’s GDP grows by 5.8% y/y in Q2
Moldova’s GDP soared by 5.8% y/y in Q2, driven by the construction sector that generated 32% more value added in the quarter, thus contributing 3.3pp to the overall growth, the statistics office informed. Consumption advanced at more moderate rates,
In the whole of H1, the average GDP growth was 5.2% y/y, with the construction sector contributing 2.2pp. The performance was achieved despite the political crisis that ended in June, after the general elections in February.
Romania’s construction sector soars by 41% y/y in July
Romania’s construction sector boasted 41% annual growth in July, the statistics office INS announced. Civil engineering works returned to normal levels after two disappointing years (2017-2018) while works on residential projects doubled from the levels seen in the years after the recession (2010-2014).
The outstanding performance in July comes on the top of the 31% growth in gross terms (or 21% y/y in value added, or net terms) recorded in the second quarter of the year when the sector made an outstanding contribution of 0.7pp to the 4.4% GDP growth.
CEE monthly bond market wrap: issues halt as summer doldrums hit
Bond markets are always slow in the summer, but with Russia and Turkey, two of the biggest markets in the region, in turmoil over the summer, there were almost no bond issues at all this year.
Central Europe saw only one bond issue of $50mn, bringing the YTD total to $35.5bn. In Russia a total of $34mn was issued, bringing the cumulative total for the year to date to $13.5bn. There were no other bonds issued in the CIS at all.
Romania: Construction Works Index [2015=100]
Russia: Volume of new issues, $mn
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