23 - 29 July 2016

Since India opened up to private-sector investors 16 years ago, the industry’s value has grown to more than $60 billion. The growth is expected to continue into 2016 where the sector is forecasted to reach a total value of $66 billion. Although growth will be steadier in the three years following 2016, by 2019 the overall value of the industry is expected to be $75.1 billion.

HUNGARY CHEMICAL SECTOR: CHEMICAL IMBALANCE

Although Hungary's chemical sector enjoys a stable outlook, its prospects are somewhat dampened by the risks that the eurozone poses, as the country’s main export destinations are in this region, which accounts for 76.8% of its total external sales.

INDIA JEWELLERY SECTOR: DULLER LUSTRE

The gems and jewellery sector has a significant role in the Indian economy, providing about 6-7% of the country’s GDP in 2015. Gold jewellery production accounts for about 80% of the market and India is the largest consumer and importer of the raw material in the world.

Vietnam’s Ministry of Foreign Affairs has warned that the South China Sea dispute is a test for the ASEAN to forge and present a unified front.

South Korea explained its defence technology protection policy and the need for bilateral defence technology cooperation to the US.

Pupuk Indonesia Energy (PIE) is actively constructing power plants in the country. The firm is currently building a gas power plant in Gresik.

The Brazilian telecom operators would out investments up this year by some 30% to BRL 20 billion from BRL 28.6 billion last year.

Petrobras will sell its distribution company Petrobras Chile Distribucion Ltda (PCD) to Latin America-focused private equity fund Southern Cross Group .

The World Bank will allocate a $100 million loan for Paraguay to help cut transport costs and improve road safety of the country’s road network.

Poland’s jobless rate in July fell for a fourth month in a row to reach 8.8%, its lowest rate since October 2008, BBJ - Regional Today reported on Tuesday.

Russian privatisation candidate, uncut diamond miner Alrosa more than doubled on the year to reach 82.75 billion rubles in the first half of this year.

The Turkish President Recep Tayyip Erdogan will make an official visit to St. Petersburg on August 9 to normalise bilateral relations with Russia as soon as possible.

Iran is in negotiations with French oil producer Total and Japanese energy and chemicals company Mitsui & Co. as part of its efforts to lure $60 billion in foreign direct investments (FDI).

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Tanzania will receive a $7.6 billion loan from Chinese Export-Import Bank (Exim) the construction of a railway which will connect it with Burundi, Rwanda and Democratic Republic of Congo.

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Iran will triple its natural gas exports to neighbouring Armenia from one to three million cubic meters, BBC Monitoring reported on Tuesday citing newswire ISNA.

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