Ford drives hike in car production in Romania
1 day ago
The consumer price index-based real effective exchange rate (REER) of the Turkish lira fell to 69.79 in May, latest central bank data shows. That’s the lowest level recorded since last September's record low of 62.45.
In 2018, the rate fell below 80 for the first time since the central bank started publishing the data series in January 2003.
The REER calculates the weighted average of domestic prices relative to those of Turkey's trading partners.
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Data
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Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
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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.
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