Ford drives hike in car production in Romania
6 hours ago
A total of 3.68mn foreign tourists visited Turkey in the first five months of 2021, marking a 14% y/y decline, data from the country’s tourism ministry showed on June 25.
“We closed the last tourism season down 75%... We expect a recovery from July with the start of flights from Russia and Europe [but for the sector overall] that will not happen for a few more years,” Ahmet Aras, mayor of Turkish tourism resort location Bodrum, on the Aegean coast, told AFP on June 26.
Turkey will find itself the hardest hit country in the world as the cost to the global economy of the tourism freeze caused by COVID-19 possibly reaches $4tn by the end of this year, according to a report by the United Nations Conference on Trade and Development (Unctad).
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Data
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Russia’s $13.4bn current account surplus in March second highest since 2007
Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
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