Ford drives hike in car production in Romania
1 day ago
Ukraine's fixed investment and trade figures improved significantly in the third quarter of 2016 as the economic recovery takes hold.
The crucial investments in fixed assets gained momentum, rising for the third quarter in a row by 24.8% y/y in the autumn session from 17.6% y/y in Q2.
At the same time, while real exports dropped 5.5% y/y in the quarter, this was less than the 6.5% y/y drop in Q2. Real imports surged 13.45 y/y from -0.1% y/y in the previous quarter, which is indicative of recovering consumption and a return to stability.
The economy grew in the third quarter too by 2%, while industrial production surged from a 0.8% gain in October to a whopping 3.7% gian y/y in November.
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Data
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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