EIU Country Analysis

FROM THE ECONOMIST INTELLIGENCE UNIT OUTLOOK FOR ####-## DOMESTIC POLITICS: The Economist Intelligence Unit expects Frelimo to reaffirm its dominance of the political system after initial results indicated that it won the legislative, presidential and provincial elections that took

FROM THE ECONOMIST INTELLIGENCE UNIT OUTLOOK FOR ####-## DOMESTIC POLITICS: The Economist Intelligence Unit expects the opposition Coalicion por el Cambio candidate, Sebastian Pinera, to win a second-round presidential election on January ##th #### against Eduardo Frei of

Country Risk Service Mozambique November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom Mozambique at a glance: ####-## OVERVIEW Mozambique ! s ruling party, Frente de Libertacao de Mocambique (Frelimo), is expected to consolidate its

COUNTRY VIEW FROM THE ECONOMIST INTELLIGENCE UNIT OUTLOOK FOR ####-## DOMESTIC POLITICS: The Economist Intelligence Unit expects the opposition Coalicion por el Cambio candidate, Sebastian Pinera, to win a second-round presidential election on January ##th #### against Eduardo

With only five months left of her four-year term, the president, Michelle Bachelet, saw her approval rate climb to ##% at the end of September, according to Adimark GfK#;s monthly political poll--a level without precedent in Chile

At its monthly policy meeting on October ##th, the board of the Banco Central de Chile (BCC, the Central Bank) agreed to keep its target interbank lending rate unchanged at its record low of #.#% per year, which it

Country Report Mozambique November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom The Economist Intelligence Unit The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders. For ##

Policy towards private enterprise and competition ####-##: Concessions, rather than outright privatisations, remain the norm and include hospitals, prisons, urban drainage, irrigation, dams and highways. The government seeks BOT concessions to upgrade the secondary highway network. ####-##: Strengthening

Country Risk Service Chile November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom Chile at a glance: ####-## OVERVIEW Sebastian Pinera of the newly created liberal opposition Coalicion por el Cambio, which comprises the

Country Report Chile November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom The Economist Intelligence Unit The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders. For ##

Country Forecast Chile November #### The Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom Chile at a glance: ####-## OVERVIEW Sebastian Pinera of the newly created liberal opposition Coalicion por el Cambio, which comprises the

Country Risk Service Macedonia November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom Macedonia at a glance: ####-## OVERVIEW The Internal Macedonian Revolutionary Organisation-Democratic Party o f Macedonian National Unity (VMRO-DPMNE) renewed

FROM THE ECONOMIST INTELLIGENCE UNIT OUTLOOK FOR ####-## DOMESTIC POLITICS: The victory of the ANC in the April #### election ushers in another five years of ANC rule and thus represents continuity. However, the installation of Mr Zuma as

FROM THE ECONOMIST INTELLIGENCE UNIT OUTLOOK FOR ####-## DOMESTIC POLITICS: The Internal Macedonian Revolutionary Organisation-Democratic Party of Macedonian National Unity (VMRO-DPMNE) of the prime minister, Nikola Gruevski, is in a strong position following its sweeping victories in

FROM THE ECONOMIST INTELLIGENCE UNIT OUTLOOK FOR ####-## DOMESTIC POLITICS: Having contracted by ##% between #### and mid-####, the Irish economy is likely to continue to shrink until late #### or early ####. This has transformed politics after

FROM THE ECONOMIST INTELLIGENCE UNIT Current assessment Government initiatives to boost economic activity are helping to drive credit expansion. The government is offering an interest rate subsidy of # percentage points on loans to small and medium-sized enterprises; the

Country Risk Service South Africa November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom South Africa at a glance: ####-## OVERVIEW The South African president, Jacob Zuma, will attempt to rebuild the "broad church

COUNTRY VIEW FROM THE ECONOMIST INTELLIGENCE UNIT OUTLOOK FOR ####-## DOMESTIC POLITICS: The victory of the ANC in the April #### election ushers in another five years of ANC rule and thus represents continuity. However, the installation of Mr

COUNTRY VIEW FROM THE ECONOMIST INTELLIGENCE UNIT OUTLOOK FOR ####-## DOMESTIC POLITICS: Having contracted by ##% between #### and mid-####, the Irish economy is likely to continue to shrink until late #### or early ####. This has transformed

Politics is increasingly being dominated by how the government will frame its #### budget, which is to be outlined in early December. Given that sizeable tax increases in late #### and during #### have not stabilised the very large and

Policy towards private enterprise and competition ####-##: The government will maintain business-friendly policies to help to speed recovery from recession, although competition rules will become stricter. ####-##: Regulatory reforms may allow for the expansion of public-private

Country Risk Service Vietnam November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom V ietnam at a glance: ####-## OVERVIEW The ruling Communist Party is due to hold its next national congress in ####

Other than manoeuvring to minimise opposition to forthcoming spending cuts, finalising a plan to restore the banking system to health has dominated economic policymaking. Following its decision to guarantee almost all of the main banks#; liabilities in September #### and

The judiciary has been the focus of recent political developments after Jacob Zuma on October #st named Sandile Ngcobo as the new chief justice (and head of the Constitutional Court--the highest legal authority) in place of Pius Langa, which

A degree of uncertainty in the economic policy environment has arisen over the balance of power between the centre and the left after Mr Zuma restructured the system of ministerial clusters (cabinet committees that focus on specific policy areas). He

Policy towards private enterprise and competition ####-##: Short-term job protection will be a central objective of government policy. This means that the removal of barriers to competition in sheltered sectors of the economy is unlikely. ####-##: More

Country Report Macedonia November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom The Economist Intelligence Unit The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders. For ##

Country Forecast South Africa November #### The Economist Intelligence Unit ## Red Lion Square, London WC#R #HQ United Kingdom South Africa at a glance: ####-## OVERVIEW The South African president, Jacob Zuma, will attempt to rebuild the "broad church

Country Report South Africa November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom The Economist Intelligence Unit The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders. For

Country Report Ireland November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom The Economist Intelligence Unit The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders. For ##

Country Forecast Ireland November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom Ireland at a glance: ####-## OVERVIEW The two-party coalition government faces enormous pressures and has seen its majority in parliament whittled

COUNTRY VIEW FROM THE ECONOMIST INTELLIGENCE UNIT OUTLOOK FOR ####-## DOMESTIC POLITICS: Following the general election on September ##th, the incumbent PS will govern as a minority government, given that the election results did not yield an obvious government

FROM THE ECONOMIST INTELLIGENCE UNIT OUTLOOK FOR ####-## DOMESTIC POLITICS: We expect the emir, Sheikh Sabah al-Ahmed al-Jabr al-Sabah, to remain the ultimate executive authority in Kuwait in ####-##. Most important policy decisions will continue

FROM THE ECONOMIST INTELLIGENCE UNIT OUTLOOK FOR ####-## DOMESTIC POLITICS: As the next presidential election is due in ####, the political scene in ####-## will be dominated by rivalries between potential candidates and their supporters. In-fighting in

FROM THE ECONOMIST INTELLIGENCE UNIT OUTLOOK FOR ####-## DOMESTIC POLITICS: Following the general election on September ##th, the incumbent PS will govern as a minority government, given that the election results did not yield an obvious government coalition that

FROM THE ECONOMIST INTELLIGENCE UNIT Current assessment The Turkish banking system is in much better shape than those of many other European countries thanks to the financial-sector reforms introduced since the #### crisis in Turkey. Banking regulation and supervision

Country Report Qatar November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom The Economist Intelligence Unit The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders. For ##

COUNTRY VIEW FROM THE ECONOMIST INTELLIGENCE UNIT OUTLOOK FOR ####-## DOMESTIC POLITICS: The president, Susilo Bambang Yudhoyono, has a strong public mandate for his second five-year term in office, after receiving ##.#% of the vote in the

FROM THE ECONOMIST INTELLIGENCE UNIT OUTLOOK FOR ####-## DOMESTIC POLITICS: We expect Qatar to remain stable and secure under the rule of the emir in ####-##. His rule and economic policies will continue to generate little opposition, largely

FROM THE ECONOMIST INTELLIGENCE UNIT OUTLOOK FOR ####-## DOMESTIC POLITICS: The president, Susilo Bambang Yudhoyono, has a strong public mandate for his second five-year term in office, after receiving ##.#% of the vote in the presidential election

Country Report Kuwait November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom The Economist Intelligence Unit The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders. For ##

Country Forecast Qatar November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom Qatar at a glance: ####-## OVERVIEW The emir, Sheikh Hamad bin Khalifa al-Thani, is expected to retain a firm grip on

Country Risk Service Qatar November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom Qatar at a glance: ####-## OVERVIEW The emir, Sheikh Hamad bin Khalifa al-Thani, is expected to retain a firm grip

Country Risk Service Kuwait November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom Kuwait at a glance: ####-## OVERVIEW The emir, Sheikh Sabah al-Ahmed al-Jabr al-Sabah, will remain the ultimate political

Policy towards private enterprise and competition ####-##: The government tries to promote corporate activity through continued efforts to clamp down on corruption and bribery. Governance and accountability improve, especially in the regions. ####-##: Sustained improvements in democratic governance

Following the victory of the Socialist Party (PS) in the general election in late September, Jose Socrates has been appointed prime minister for a second term. The new minority PS government was inaugurated on October ##th. A number of factors

On October ##th the president, Susilo Bambang Yudhoyono, was sworn into office for a second term following his landslide victory in the July presidential election. In his inaugural speech, Mr Yudhoyono paid tribute to the growing strength of Indonesian democracy

FROM THE ECONOMIST INTELLIGENCE UNIT The following is an extract from our full Healthcare Report for this country Accurate data on the size of the domestic UAE pharmaceuticals market is not available. Based on media reports and other sources, the

FROM THE ECONOMIST INTELLIGENCE UNIT The following is an extract from our full Healthcare Report for this country The population of the UAE is growing quickly and ageing. The level of consumption of processed food is high; and lifestyles are

Country Risk Service Turkey November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom T urkey at a glance: ####-## OVERVIEW The Economist Intelligence Unit expects the ruling Justice and Development Party (AKP), led by

Country Risk Service Senegal November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom Senegal at a glance: ####-## OVERVIEW As the next presidential election is due in ####, the political scene in ####-##

Country Report Portugal November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom The Economist Intelligence Unit The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders. For ##

FROM THE ECONOMIST INTELLIGENCE UNIT The following is an extract from our full Healthcare Report for this country Generics account for about ##% of the pharmaceutical market in the UAE. Atypically, many expensive branded products, for which the patents have

FROM THE ECONOMIST INTELLIGENCE UNIT The following is an extract from our full Healthcare Report for this country The quality of the healthcare provision in the UAE is generally thought to have declined from the mid-####s until the mid

Country Report Senegal November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom # The Economist Intelligence Unit The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders. For

Country Report Burkina Faso November #### The Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom The Economist Intelligence Unit The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders

Country Forecast Indonesia November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom Indonesia at a glance: ####-## OVERVIEW The president, Susilo Bambang Yudhoyono, has a strong mandate to pursue his reformist policy agenda after

The new Portuguese government, headed by the incumbent prime minister, Mr Socrates, was formally appointed on October ##th. The government#;s programme, presented on November #nd, contained no surprises compared with the PS#;s electoral promises. It defined three main

In late October the new government convened a two-day summit on national development, bringing together around #,### national and regional officials, businesspeople and non-governmental organisations to set the agenda for economic and social welfare reform for the

FROM THE ECONOMIST INTELLIGENCE UNIT (Forecast closing date: October ##th ####) The quality of the healthcare provision in the UAE is generally thought to have declined from the mid-####s until the mid-####s owing to a shortage of spending

Country Risk Service Indonesia November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom Indonesia at a glance: ####-## OVERVIEW The president, Susilo Bambang Yudhoyono, has a strong mandate to pursue his reformist policy agenda

Country Report Indonesia November #### Economist Intelligence Unit ## Red Lion Square London WC#R #HQ United Kingdom The Economist Intelligence Unit The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders. For ##

FROM THE ECONOMIST INTELLIGENCE UNIT Sponsored by Dell and FedEx Introduction Profound changes in the world economy over the last ## years have bound Latin American businesses ever more tightly into a web of relationships that extend around the globe

FROM THE ECONOMIST INTELLIGENCE UNIT Sponsored by Deloitte Introduction April ## #### will prove to be a decisive day in the development of the European insurance industry. Following protracted negotiations between policymakers, member states and industry representatives, the European Parliament

FROM THE ECONOMIST INTELLIGENCE UNIT Current assessment The score for banking sector risk has been towards the upper (riskier) end of the BBB band in the past ## months. Although banks remain very well capitalised (the capital adequacy ratio was

FROM THE ECONOMIST INTELLIGENCE UNIT Romania#;s economy is showing only partial signs of recovery: output indicators are improving but there is little evidence that retail sales or exports are performing better. Romania#;s economy is showing signs of a

FROM THE ECONOMIST In this audio, recorded in October ####, James Miles says America and China need each other, but they are a long away from trusting each other. Play audio To listen to this audio download Audio summary Eyevine

Policy towards private enterprise and competition ####-##: Privatisation remains a sensitive issue, and the government does not proceed with efforts to sell off state assets. ####-##: Major problems remain in the enforcement of laws governing the protection of

Developments over the past few months have underlined the divisions besetting Thai politics. Opposing extra-parliamentary groups are becoming more deeply entrenched, while the government and the parliamentary opposition have continued to struggle to agree on how to proceed with

Fiscal and monetary policy has remained loose, with both the Abhisit administration and the Bank of Thailand (BOT, the central bank) seeking to stimulate the economy and engineer a quick recovery. In line with the government#;s expansionary fiscal policy

FROM THE ECONOMIST INTELLIGENCE UNIT UK industrial output rose by #.#% month on month in September, the strongest monthly performance in seven years, although this only partially offset August#;s sharp #.#% contraction. The year-on-year rate

FROM THE ECONOMIST INTELLIGENCE UNIT Hungary#;s industrial sector increased output by #.#% in September, the strongest month-on-month gain since March, according to seasonally and workday-adjusted data. The year-on-year performance also improved: output fell

FROM THE ECONOMIST INTELLIGENCE UNIT Despite this, consumer confidence has continued to edge upwards. According to a survey carried out by the University of the Thai Chamber of Commerce (UTCC), consumer confidence in the overall economy reached ##.# points

FROM THE ECONOMIST INTELLIGENCE UNIT Although the NTC has long prevaricated over issuing #G licences, it appears determined hold the auction for the licences by the end of ####. This apparent sense of urgency possibly reflects the fact that Thailand

FROM THE ECONOMIST INTELLIGENCE UNIT The court#;s ruling was made in response to claims by environmentalists and local residents that the projects were approved in violation of section ## of the #### constitution. The constitution states that projects that

FROM THE ECONOMIST INTELLIGENCE UNIT In addition to running a wide deficit in ####/##, the government is pushing ahead with plans for large-scale off-budget spending over the next three years. In mid-October the government approved a

FROM THE ECONOMIST INTELLIGENCE UNIT According to the report, the damage to homes, religious sites and government infrastructure affected by the earthquake was estimated at Nu#.#bn. Around #,### households were affected, causing estimated losses of Nu#.#bn. The

FROM THE ECONOMIST INTELLIGENCE UNIT By August the government had also extended broadband Internet access to all ## district administrations, establishing nationwide broadband connectivity within its administrative setup, including all ministries and government agencies. The government intends to use this

FROM THE ECONOMIST INTELLIGENCE UNIT In #### the US said that it was prepared to take in up to ##,### refugees; Canada, Norway, Finland, the Netherlands, Australia and New Zealand have also agreed to grant asylum. The US has

FROM THE ECONOMIST INTELLIGENCE UNIT In ####-## growth in tourist arrivals is likely to remain lower than the levels of ####-##, but is expected to rebound from the lows of ####-## as potential travellers in developed nations

FROM THE ECONOMIST INTELLIGENCE UNIT The EDP--a draft version of which was finalised in August ####--is to be the country#;s first formal economic policy, and its main goals will be to generate employment, diversify Bhutan#;s economic

FROM THE ECONOMIST INTELLIGENCE UNIT Only two parties contested the March #### election and one of them won ##% of the seats in the lower house, despite the fact that the two parties#; platforms were almost identical. The victor, the

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FROM THE ECONOMIST INTELLIGENCE UNIT

FROM THE ECONOMIST INTELLIGENCE UNIT Mr Obiang is likely to appoint a new cabinet after the presidential poll, which may give some indication of whom he is grooming for succession. Mr Obiang may decide to use this opportunity to raise

FROM THE ECONOMIST INTELLIGENCE UNIT

FROM EUROPEAN VOICE European Central Bank follows the US and UK central banks in keeping rates on hold. By Jim Brunsden The European Central Bank (ECB) has decided to keep interest rates on hold, at #.#%, the sixth month

FROM THE ECONOMIST INTELLIGENCE UNIT The centrepiece of the new coalition government#;s economic programme is a commitment to cut taxes by up to EUR##bn annually, or just over #% of GDP. The proposed cuts will be financed mostly by

Anxiety over a continued rise in unemployment and high home foreclosure rates have spurred moves in Congress for a new round of stimulus measures. Plans currently under discussion include extending and expanding a US$#,### tax credit for first

The NBH#;s Monetary Policy Council (MPC) cut the benchmark policy rate by another ## basis points, to #%, after its policy-setting meeting in October. This was the fourth consecutive meeting that ended with a rate cut, and the

The possibility of an IMF stand-by accord has remained on the agenda, notwithstanding the Fund#;s non-committal response to the government#;s Medium-Term Programme (MTP) published on September ##th (October ####, Economic policy). On October #th the

FROM THE ECONOMIST INTELLIGENCE UNIT Romania is in political limbo ahead of the presidential election, with parliament refusing to confirm the president#;s nominee for prime minister and the president unwilling to accept the parliamentary majority#;s nominee. The stand

FROM THE ECONOMIST INTELLIGENCE UNIT India#;s export revenue continued to fall in September but the ##.#% year-on-year decline was the smallest so far this year. The import decline is still more pronounced: import spending dropped by

FROM THE ECONOMIST INTELLIGENCE UNIT Although net FDI in machinery and transport equipment rose by #% year on year to US$###.#m, this was offset by contractions in most other sectors, including electrical appliances (down by ##% to US

FROM THE ECONOMIST INTELLIGENCE UNIT Rejecting accusations that he has adopted delaying tactics, in October Abhisit blamed the opposition for the present delays in moving the reform process forward. He said that his government was not trying to buy time

FROM THE ECONOMIST INTELLIGENCE UNIT Investment approvals have also fallen, according to a body chaired by Prime Minister Hun Sen, the Council for the Development of Cambodia. In September the value of approved investment fell by ##.#% year on

FROM THE ECONOMIST INTELLIGENCE UNIT At least nine opposition figures have been charged with defamation or similar offences in recent months. In early August a member of the Sam Rainsy Party, Mu Sochua, was convicted by a court of defaming

FROM THE ECONOMIST INTELLIGENCE UNIT One of these is delimitation--the drawing out of boundaries of urban centres and satellite towns where municipal or town representatives are to be elected. This process has been completed only in a few larger

FROM THE ECONOMIST INTELLIGENCE UNIT In part this may be because the MDC appears weak and indecisive. Party leaders cannot agree on what disengagement means or is designed to achieve. A week after Mr Tsvangirai#;s announcement the party#;s

FROM THE ECONOMIST INTELLIGENCE UNIT Tensions between the various parties are likely to increase as the process of drawing up a new constitution continues. The original timetable has already slipped; now, the measure is due to be put to a