EMIS PERSPECTIVES

Selected news and insights from emerging markets.

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COVID-19: EU tourism halved year-on-year in 2020
Cyprus, Greece and Malta were the countries most deeply affected by the restrictions, with year-on-year drops exceeding 70 per cent 16 Mar
India’s push to enhance domestic production of oil and gas
In the April to January period of FY2021, a total of 182.2mn MT of crude oil was processed, which constitutes 73% of the total capacity. 16 Mar
COVID-19: 28.7 per cent of Chile's adult population has recieved vaccine
Of the total 10.7 million vaccine doses that the country has already received, 5.4 million have now been used 11 Mar
COVID-19: Philippines require additional financing amid pandemic uncertainty
In 2020, the Filipino government's gross borrowings reached P2.74 trillion 11 Mar

Articles View more

Spain’s Telefonica sells 6,000 telco towers in LatAm for USD 1.8bn
As part of the deal, the buyer will acquire around 6,000 telecommunication tower sites in Brazil, Peru, Chile, and Argentina. 22 Feb
SoftBank is eager to learn: returns for follow-on investment in Chinese online education app Zuoyebang
This time around, the series E+ investment involved Asian and U.S. investment firms and valued the company at USD 10bn 26 Jan
Vienna Insurance Group solidifies CEE market lead with EUR 830mn buy from Aegon
The transaction is valued at 15.4 times earnings and 2.6 times book value 14 Dec
Alibaba takes full control of Chinese supermarket major Sun Art in pursuit of “new retail”
 Alibaba already owned 36.2% of Sun Art after investing USD 2.9bn in the company in November 2017 23 Nov

Country View more

Mexico one of the most vulnerable economies as result of COVID-19
Mexico is currently one of the world's most vulnerable economies in relation to the effects felt from the coronavirus outbreak 31 Mar
Coronavirus could cause German GDP to fall by over 5%
The government's advisors suggested that the economy could contract by up to 5.4% this year 31 Mar
Chinese banks' struggle with growing debts
Chinese banks are at risk of falling below a critical threshold, in place to buffer them against financial contagion, as effects continue to be felt from the coronavirus outbreak 31 Mar
Brazilian gov-t slashes 2020 GDP forecast on coronavirus outbreak
The local economy will decline significantly in Q2 and Q3, the Economy Ministry said 27 Mar

Industry View more

China’s crude steel production grows 3.1% y/y in Jan-Feb
Growth booked despite Covid-19 outbreak, sector on path to recovery 26 Mar
Iran’s total passenger auto production rises 4% y/y in 11-mo FY 2019/20
Good result registered despite difficulties in supply of sourcing parts 19 Mar
Ghana’s banking industry sees profit grow 37.7% y/y in 2019
Good result attributed to an increase in net interest income, fee, commission income 13 Mar

Company View more

Polish KGHM’s attributable net profit slips to PLN 1.421bn in 2019
Consolidated sales revenues grow to PLN 22.723bn 20 Mar
Heineken plans USD 185mn investment in its Brazil Paraná plant
Heineken is the second-largest beer producer in Brazil with a market share of 21.7% 11 Mar
Hungarian OTP’s after-tax profit jumps 30% y/y in 2019
In Q4, consolidated after-tax profit grows 32% y/y 11 Mar
Egypt Gas raises stake in Town Gas to 41%
Share acquired from Egyptian GASCO for EGP 19.4m 05 Mar