Request a demo    06 November 2017 INFOGRAPHIC OF THE WEEK RUSSIA BANKING SECTOR REPORT 2017/2018 Russia’s banking industry expanded at a robust pace in the 2000-2014 period, with assets growing at an average of 30.2% a year. The industry, however, suffered a serious blow in 2015-2016, when the economy entered a recession triggered by low oil prices and Western sanctions in response to Russia’s annexation of the Crimean peninsula in 2014.    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 EUROZONE: DEEPENING TARGET2 IMBALANCES As of August, the countries that are running the biggest deficits are Italy (-414.2bn EUR) and Spain (-384.4bn EUR) - an amount that roughly mirrors the TARGET2 claims of Germany (852.5bn EUR). The roots of Italy's imbalance can be traced to the sovereign debt crisis in the Eurozone, when foreign investors have cut their exposure to Italian bonds.     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     CHINESE COMPANY TO SET UP A $20-MILLION PRODUCTION PLANT IN ARKANSAS Hefei Risever Machinery, a maker of machine parts for heavy equipment manufacturers, has announced that it will invest $20 million to build its new manufacturing plant in Jonesboro, Arkansas.    Read more    BRAZIL AND VIETNAM TO PARTNER IN RICE AND AQUACULTURE PRODUCTION Representatives from Brazilian state of Maranhão and Vietnamese city of Can Tho, situated in the Mekong delta region, have signed a letter of intention to begin a cooperation in rice research and production as well as in aquaculture.     Read more    DIDI CHUXING IS SET TO LAUNCH A RIDE-HAILING SERVICE IN JAPAN China’s Didi Chuxing will partner with Japanese taxi operator Daiichi Koutsu Sangyo Corporation to roll out an application-based ride-hailing service for Chinese tourists in Japan, China Daily reported.     Read more                  LATIN AMERICA               BRAZILIAN CENTRAL BANK TO EVALUATE ON SELIC BELOW 7% Copom, the Central Bank's Monetary Policy Committee will evaluate if interest rates (Selic) can drop below 7%. Copom said Tuesday that it will take a careful analysis to evaluate the situation.    Read more    J.P.MORGAN SEES PERU GROWING 2.6% IN 2017 AND 4.4% IN 2018 Peruvian economy will grow 2.6% in 2017 and 4.4% in 2018, J.P. Morgan projected on Wednesday. “We estimate growth for this year at 2.6% due to the weak first half of the year.    Read more    MANUFACTURING ACTIVITY IN ARGENTINA UP 2.3% Y/Y IN SEPTEMBER Manufacturing activity in Argentina rose 2.3% year-on-year in September, CEEMarketWatch reported citing figures released by the local statistics institute INDEC.    Read more         EMERGING EUROPE      ROMANIA RECORDS THE HIGHEST GROWTH IN WINE PRODUCTION IN EU Romania marks the highest growth in production in the entire Europe after it`s wine production is estimated at 5.3 million hectoliters this year, Ziarul Financiar reported.     Read more    BANK LOANS IN CZECH REPUBLIC GROW 6.8% Y/Y IN VOLUME IN SEPT 2017 The volume of bank loans in the Czech Republic rose by 6.8% on the year to CZK 3,148 billion for September, the Czech News Agency (CTK) reported.     Read more    FOOTBALL FANS, FIFA DELEGATIONS BOOK 60% OF MOSCOW’S HOTEL ROOMS FOR 2018 WORLD CUP Football fans and FIFA official delegations have already booked 60% of Moscow’s overall number of hotel and hostel rooms, Sputnik News reported.    Read more              MIDDLE EAST & AFRICA           KAZAKHSTAN TO SWITCH TO LATIN ALPHABET Kazakh president Nursultan Nazarbayev signed a decree today to change the Kazakh language from a Cyrillic-based script to Latin-based alphabet by 2025, Business Daily Kapital reported.     Read more    SAUDI ARABIA TO INTRODUCE TOURIST VISAS SOON Saudi Arabia plans to introduce tourist visas soon in an attempt to lure foreign visitors that would help it overhaul its oil-dependent economy, AFP reported.    Read more    TUNISIA STRENGTHENS POSITION AS HUB FOR HEALTH TOURISM Tunisia has strengthened its position as a hub for medical tourism in the recent years, the African Manager reported.     Read more    ABOUT EMIS EMIS operates in and reports on countries where high reward goes hand-in-hand with high risk. We bring you time-sensitive, hard-to-get, relevant news, research and analytical data, peer comparisons and more for over 120 emerging markets.     Read more    EMIS CHARTING TOOL EMIS CHARTS uses selected data points from the subscription-based EMIS service, to provide you with an interactive overview of sectors, key players and macroeconomic trends across 120+ emerging markets and allows you to create your own charts.     Try it out now    EMIS IN NUMBERS 125 countries  2M+  companies  58,000 articles per day 235 million searchable archive  250 industries  EMIS VIDEO SIGN IN HERE Copyright © 2017 EMIS, all rights reserved.