Ford drives hike in car production in Romania
2 days ago
Russia's Ministry of Finance reported no changes – ie. no drawdowns – to the Reserve Fund in July. So far, RUB780bn ($11.8bn) from the Fund has been spent this year (in April and May). In 2015, the drawdown for the whole year was RUB2.2tn.
The Reserve Fund balance as of August 1 was RUB2.6tn ($39bn). The National Welfare Fund stands at RUB5.2tn ($79bn). Of this, approximately two-thirds is liquid cash balances with the Bank of Russia, and the remainder is various investments in Russian corporates, banks, as well as Ukraine’s defaulted $3bn Eurobond.
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Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Russia’s $13.4bn current account surplus in March second highest since 2007
Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
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