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Ford drives hike in car production in Romania
1 day ago
The main index of the Bucharest Stock Exchange (BVB), the BET, advanced by 4.4% in January-August in US dollar-equivalent, and the index calculated to include the dividend gains (BET-TR) surged by 13% US dollar-equivalent, in contrast to the emerging markets benchmarks staying in the red over the same period, according to a comment from the BVB.
Global indices provider Morgan Stanley Capital International (MSCI) revealed world markets plummeted abruptly from the beginning of this year: MSCI indices fell sharply, in US dollar-equivalent, as emerging markets went down by 8% and frontier markets by 15% at the end of the first eight months.
“The results reside in the positive evolution of the companies listed on the BVB, as they managed to benefit from the strong growth of the economy and registered half-year operational results generally superior to those from last year, while also giving consistent dividends,” BVB president Lucian Anghel explained.
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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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