Romania’s GDP mirage: fact or fiction?
Romania's seasonally-adjusted GDP edged up by 0.5% q/q in Q2, after it has stagnated for three years around the same level. Against the past quarter, the domestic demand strengthened robustly driven...
View ArticleEuro 2012 paved way for a better transport infrastructure in Poland
The Polish transportation sector registered positive performance in 2011 in terms of freight volumes carried and service revenues. Freight transportation increased by 6.5% y/y to 1.9bn tonnes in 2011,...
View ArticleUnofficial data from central bank paints tumbling picture of Romanian banks
Romanian banks incurred aggregated losses of RON 325mn (EUR 73mn at eop XR) in Q2, 2012, according to our calculations based on central bank data. Out of 41 banks, 23 reported profits and 18 losses,...
View ArticlePharma market in Romania will be impacted by controversial claw-back tax
Romania's pharmaceutical sales in the 12 months ending June 2012 increased by 13.6% y/y (16.9% y/y in local currency) to EUR 2.6bn (RON 11.5bn), backed by the good performance in the period Jul 2011 -...
View ArticleTelecommunications growth inevitable despite Indian regulatory issues
The number of wireless subscribers grew by 13.3% y/y to 919 million in FY12 strengthening India's position as the second largest telecom market in the world. The mobile cellular penetration rate of...
View ArticleMost Indian air carriers operating at a loss
All scheduled Indian air carriers except IndiGo, incurred losses in the year. Kingfisher Airlines and Air India suffered from several payment defaults and pilot strikes. Their flight schedules were...
View ArticleIndian textile and garment industry draped in flying colours
India's textile sector is broadly categorized into five segments: jute, sericulture, wool & woolen, man-made fiber and filament yarn industry. The textile industry contributes substantially to the...
View ArticleIndonesian banking industry projects steady growth
onsistent with Indonesia's robust economic growth, the domestic banking industry continued to post significant gains in 2011. Total assets of banks in Indonesia stood at IDR 3,653tn as of December...
View ArticlePoland’s steel industry growth dented
Poland's metallurgical sector is dominated by the steel industry which accounts for more than 90% of the country's total metallurgical output, while copper production contributes about 7%. Poland is...
View ArticleIndia’s appetite for energy is outstripping supply
The country's appetite for energy is growing extremely fast, with demand outstripping supply, resulting in power shortages. India consumes roughly 3% of the world's total energy. Despite increases in...
View ArticleChinese Tourism Industry flying high
Rising Tourism Revenue Revenue generated from the tourism industry topped RMB2.24 trillion in 2011, an increase of 42.68% from 2010 (RMB1.57 trillion) due to rising visitor expenditure. The industry...
View ArticleGlobal steel predicament casts shadow over Romania’s iron and steel industry
The outlook for Romania's steel industry is mixed: while some companies invest in new production facilities, or in upgrading existing ones, one large global steel group [Mechel] mulls over pulling out...
View ArticleChina auto parts sales on the rise
CN Auto Parts provides the current events in the life and development of major auto parts companies in the Chinese auto parts industry. The first part of the report covers the market size and value as...
View ArticleIndian tourism industry witnessed an all-round growth
India's GDP grew by 5.3% in the fourth quarter of fiscal year 2012: its worst performance in the last nine years. This slowdown was primarily a result of high inflation, high interest rates and policy...
View ArticleA quick peek into Romania’s economy and banking figures
The banks derived an aggregate profit of EUR 28mn in Q1, according to IntelliNews calculations. The aggregate profit was close to zero in the final quarter of last year, according to adjusted data,...
View ArticleIndonesia’s property prices projected to grow in 2012
The strong economy and improved investors' sentiment have significantly increased demand for office space in Jakarta's CBD area, which have shot up office rents and occupancy rate to 95% in 2011....
View ArticleInside and in-depth in Africa
More than a newspaper, less than an analyst report, Africa Direct reports are a quick-study on commonly misunderstood markets. They are a fixture in the inboxes of top analysts and executives in the...
View ArticleUkraine agriculture feeds its economy
In 2011, the agricultural production increased by 17.5% year over year, reported the State Statistics Service. The highest growth was seen in the north eastern Ukraine (Kharkiv, Poltava, and Symy...
View ArticleShale gas extraction boom in Eastern Europe: fact or fiction?
In the US, 12 years after the start of significant operation, shale gas flows reached some 170bn m3. The real impact was visible in the second half of the cycle, when supplementary non-conventional...
View ArticleGrowth in Polish IT sector
E-commerce continues to gain grounds in Poland and spending on e-commerce is forecasted to grow by 24.4% y/y to EUR 5.6bn in 2012, according to market data. The share of enterprises' turnover from...
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