Monthly statistical review of the Federation of B&H

The Federal Office of Statistics works the publication of "Monthly Statistical Review of the Federation of B&H " with intention to inform the authorised organs and institutions of the Federation of Bosnia and Herzegovina and other users with basic statistical data and indicators from the field of economic and other trends in the Federation of Bosnia and Herzegovina.
The Monthly Statistical Report is prepared on the basis of available statistical data which are reporting units send to Federal Statistics Office according to Statistical Researches Programme for F B&H and their periodical.

News source: FEDERAL OFFICE OF STATISTICS link: publication

Gross domestic product Macedonia, second quarter of 2010

According to the estimated data, the growth rate of Gross Domestic Product (GDP) in the second quarter of 2010 was 0.4%. The value of Household final consumption, including Non-profit institutions serving households, increased by 4.7% in nominal terms in the second quarter of 2010, compared to the same period of 2009, and its share in the GDP structure was 74.2%. In the same period, Export of goods and services increased by 23.1% in nominal terms. In this quarter, a bigger increase was registered in the following sectors: I - Transport, storage and communication by 3.9% and J, K and O - Financial intermediation, Real estate, renting and business activities, Other community, social and personal service activities and Imputed rents by 3.2%.

News source: State Statistical Office link: publication

Gross domestic product, main aggregates of national accounts and employment, Slovenia, 2006 - 2009

After the routine revision the level of gross domestic product (GDP) at current prices increased in 2008 by 0.5% and in 2009 by 1.4%, compared to the estimates before the revision. According to the first annual estimate, in nominal terms GDP in 2009 was EUR 35,384 mio., which is 5.1% lower than the year before (EUR 37,305 mio.).

New estimates of real economic growth in 2006 and 2007 are higher from the previously published growth rates by 0.1 of a percentage point. In 2008 the growth rate is higher by 0.2 of a percentage point. In 2009 GDP decreased in real terms by 8.1% (7.8% before the revision).

News source: Statistical Office of the Republic of Slovenia link: publication

Port of Bar Pre-privatisation

The EBRD is considering providing a €8.5 million sovereign loan to the Republic of Montenegro to finance priority capital expenditure of the AD Container Terminal and General Cargo Operator (the “Company”) at the Port of Bar. The proceeds of the loan will be used to purchase cranes and cargo handling equipment and to and to support the Company’s voluntary redundancy programme. The Company is majority state-owned and the proposed investments will be made with a view to facilitating the Company’s privatisation.

Supporting the privatisation process of the container and general cargo operator would enhance the overall competitive advantage of the Port of Bar and increase its efficiency, thus allowing the Port to: a) fulfil its strategic role for the country; b) ensure its long-term viability and financial self-sustainability; and c) attract new business for the country.  Having a strategic private investor operating the key terminal facilities at the Port would also foster competition and create value via enhanced transparency and increased efficiency in both operational and financial performance of the Port as a whole.

news source: EBRD link: article

What will happen next with Romania's biggest investment project?

Czech CEZ decided to exit Romania's biggest investment project, reactors three and four of the Cernavodă nuclear power station, worth 4 billion euros. Some of the investors, such as Spain's Iberdrola, CEZ's wind project rivals, are already saying they are ready to increase their stake. Though many say CEZ's departure is a surprise, market sources state there had been talk about it for around two weeks.
"(...) The project of the two reactors will be delayed a lot, maybe until 2018, and now there are many projects in the region being installed much faster.

The stake we had was relatively small anyway, and where CEZ gets involved, it holds control. We're shifting to other projects," says Adrian Borotea, corporate affairs manager of CEZ Romania.
Ministry sources explain what will happen after CEZ exits. "CEZ's stake will be divided among the five investors that are left, except the state, according to the stake each holds in the project. Should any of them not be willing to buy, the stake is again divided by the same principle. Should nobody want to buy, then the state comes up. Should the state not want to buy, either, a third company will be attracted. We hope things will be sorted out by yearend".

News source: ZF English link: article

FYROM: Skopje hosts conference on companies financing in crisis

Bank loans should remain main source of financing companies. In spite of the rising trend in granting loans, companies are still need them  although their price is much higher than the optimal one, Finance Minister Zoran Stavreski said Wednesday at a conference on companies' financing in the period of crisis, organized by the European Business Association and the Konrad Adenauer Foundation.
As a result of the global crisis, enterprises  were providing poor funds via bank loans turning to their financing sources, Stavreski said.

To the situation of decreased credit activity, FYR Macedonia, as many other countries, has responded by providing favorable loans from international financial institutions and building the capacity of state financial institutions, Stavreski said.
The crediting activity, which this April was higher for 8 percent, should reach 10-12 percent by the yearend, which is a solid rate considering the current situation, Stavreski said.

News source: Balkans.com link: article

Croatian industrial production expected to be down again in August

Foreign demand is not strong enough to supplement weak domestic demand and reverse the negative trends in Croatia's industrial production, say analysts in anticipation of August's results.

Although the majority of European economies have left the recession, their demand - while having a positive influence on Croatian exports - is not big enough to encourage growth of industrial production. July was the first time trade registered a slight positive growth of 0.7 per cent after 21 months of consecutive drops.

August's results are expected to be slightly better than those in July when industrial production was 1.8 per cent lower than the same month last year. Analysts expect a year on year drop of 0.9 per for August, the portal Business writes.



News source: Croatiantimes.com link: article