CSE and CIS
According to Eurostat data, the volume of industrial production of basic pharmaceutical products and preparations in the European Union in 2019 increased y/y. The highest y/y growth rate was recorded in May — 15.8 per cent.
Although Russia is still among the three global leaders in oil production, it only ranks the 8th in terms of the size of controlled oil reserves. But they are already heavily depleted and there are no new oil deposits that would be cheaper and easier to extract.
After the release of the TV series “Chernobyl”, the attention of viewers was drawn to the ecological disaster that happened many years ago in Ukraine. Still ecological concerns have been losing the battle with political and business interests in Ukraine.
Serbia lacks investment from domestic businesses, and fixed assets are insufficient to provide stable, long-term growth. Growth in gross fixed capital formation in the H1’19 was 8.2 per cent, which was the main demand factor in stimulating the growth of GDP.
The authorities in Kiev have had high hopes associated with China's economic presence in Ukraine for many years. However, the official declarations are rarely followed by real actions. For China, Ukraine is still primarily a large market for Chinese goods.
In mid-September, the Supreme Court of Croatia ruled that "the banks violated the collective interests and rights of the loan holders of CHF-denominated loans." Banks had violated clients' rights "by using unfair and harmful contract provisions."