Request a demo    20 November 2017 INFOGRAPHIC OF THE WEEK CZECH REPUBLIC FOOD AND BEVERAGES SECTOR REPORT 2016/2017 Food and beverages accounted for over 22% of the consumption expenditure of Czech households in 2015. The food and beverages sector’s gross value added (GVA) amounted to CZK 83.4bn in 2015, accounting for 2% of the economy’s total GVA and 7.6% of the manufacturing sector’s GVA.    Click to view it full screen    CEIC DATA POINT OF THE WEEK CEIC Data is a sister company of EMIS and part of the Euromoney Data Division ROMANIA: ECONOMY GROWS ABOVE EXPECTATIONS Romania recorded its highest annual real GDP growth since the global recession of 2007-08, reaching 8.6% in Q3 2017. Even though the country has been consistently among the overachievers in the EU in terms of economic growth in the past years, this development has surprised experts which were projecting figures close to the Q2 performance (5.9%).    Click to view it full screen    WEEKLY NEWS SUMMARY Below are the most read articles in the past week on EMIS Perspectives, our daily blog of emerging market news and insights.     ASIA     BRUSSELS AIRLINES EXPANDS PRESENCE IN INDIA Brussels Airlines is “approaching profitability” as it continues to expand its operations in India by reopening the flight route which has been closed down by Jet Airways, Business Line has reported.    Read more    SOUTH KOREA SET TO PROVIDE AROUND 3 TRILLION WON SUBSIDY FOR COMPANIES AFFECTED BY MINIMUM WAGE HIKE The government of South Korea has decided to provide nearly 3 trillion won in subsidies to small companies that will be affected by the minimum wage hike next year in order to help relieve their financial burden.     Read more    CHINESE COMPANY TO BUILD A $10-MILLION RUBBER AND AGRICULTURE RESEARCH CENTRE IN LAOS Yunnan State Farms Group, a state-owned agricultural enterprise in China, has signed an agreement with the Ministry of Agriculture and Forestry in a bid to jointly develop a rubber and agriculture research centre in Laos.     Read more                  LATIN AMERICA               LATIN AMERICA M&A VALUE PEAKS IN Q3 2017 The value of M&A in Latin America in Q3 peaked to USD 30.3bn, its highest quarterly number in more than three years, on inflow of foreign capital as China took the first position from the USA as the top international buyer.     Read more    FDI IN COLOMBIA UP 35.3% Y/Y IN OCTOBER Foreign Direct Investment (FDI) in Colombia jumped 35.3% year-on-year to USD 782.70mn in October, M-Brain News Monitoring reported citing figures released by the local central bank Banco de la Republica.    Read more    BRAZIL: ELETROBRAS TO CUT INVESTMENTS TO LOWER DEBTS Utility giants Eletrobras will continue to reduce its investments to decrease debts. According to Valor, this will be accomplished by selling wind-power plants, transmission resources and stakes in hydropower dams.    Read more         EMERGING EUROPE      UZBEK CAR BRAND SALES SURGE BY 1,150% IN RUSSIA The Uzbek manufacturer of budget cars Ravon, a relatively new brand, under which the production of the plant GM Uzbekistan is offered since 2015, has demonstrated a phenomenal rise in sales in the Russian car market.     Read more    ROMANIA RECORDS THE HIGHEST ECONOMIC GROWTH IN EU IN Q3 2017 Romania's GDP increased by 8.6% in seasonally adjusted terms in Q3 2017, jumping above the expectations, CEEMarketWatch reported.     Read more    DEMAND FOR HOUSING LOANS IN POLAND GROWS 10.7% Y/Y IN OCT 2017 Demand for housing loans in Poland rose by 10.7% on the year for October 2017 as some 32,100 people applied for such funding, the Polish News Bulletin (PNB) reported citing data revealed by the Credit Information Bureau (BIK).    Read more              MIDDLE EAST & AFRICA           ETHIOPIAN AIRLINES MULLS FLEET EXPANSION Ethiopian Airlines mulls to expand fleet and will next year decide whether to buy Bombardier’s CSeries or Brazil-based Embraer's E-jet series as a replacement for Boeing's 737-7, The East African reported.      Read more    EGYPT IN TALKS TO DOUBLE OIL IMPORT FROM IRAQ AS OF 2018 Egypt has entered talks with Iraq in order to advance its oil imports from the country to 24 million barrels per year as of 2018.    Read more    IRAN, EU TRADE BALANCE RISES TO EUR 10BN IN 2017 The trade balance between Iran and the European Union (EU) would grow to EUR 10 billion for 2017, Thai News Service reported citing the European Commissioner for Agriculture and Rural Development Phil Hogan.      Read more    ABOUT EMIS EMIS operates in and reports on countries where high reward goes hand-in-hand with high risk. 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