PRODUCT PORTFOLIO
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QUARTERLY INDUSTRY REPORTS
INDUSTRY DIRECTORIES
FOREIGN COMPANIES YEARBOOKS
ONLINE SERVICES
Business Monitor InternationalTrusted Intelligence For Informed Decisions
BUSINESSMONITORINTERNATIONAL
Contents
1
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Regional Monthly Reports .................................................2Country-by-country coverage of political risk, macroeconomic
performance and outlook, industry and the business environment;
for senior executives in corporates, banks, government and
multilaterals
� Asia Monitor
� Latin America Monitor
� Middle East & Africa Monitor
� Emerging Europe Monitor
Quarterly Forecast Reports .............................................. 4
In-depth country data, analysis and 4-year forecasts for major
economies, covering government, the economy and leading
industry sectors; for strategic planners, treasurers and economists
� Asia
� Latin America
� Middle East & Africa
� Emerging Europe
Weekly Report ....................................................................... 6Essential coverage of emerging markets bonds, equities and forex
developments, for financial professionals and investment managers
� Emerging Markets Monitor
Online Services .................................................................... 7
Country Risk & Forecast - Daily news and analyses, country risk
ratings, macroeconomic analyses and forecasts, capital markets analyses
and views
Industry & Market Research - Daily industry news and trend
analyses, market overviews, quarterly industry surveys and 5-year
forecasts, competitive intelligence
Company Research & Intelligence - Daily company news and
analyses, comprehensive company profiles and competitive intelligence
covering FDI, projects, JVs, M&A, etc.
Quarterly Industry Reports ............................................... 8Country reports covering key industry sectors, with 5-year
forecasts, competitive landscapes, trend analyses and company
profiles; for industry analysts, economists and senior management
� Autos � Chemicals � Commercial Banking � Defence & Security
� Food & Drink � Freight Transport � Infrastructure � Insurance
� IT � Oil & Gas � Petrochemicals � Pharmaceuticals & Healthcare
� Telecoms � Tourism
Foreign CompaniesYearbooks ........................................10
Country Yearbooks and CD-ROMs featuring fully researched
senior executives at top American, British, Japanese, German,
French and other multinational companies active in leading markets
� Asia
� Latin America
� Middle East & Africa
� Emerging Europe
Industry Directories ..........................................................12Industry Directories featuring fully researched senior executives at
top multinational companies active in leading markets
� Oil & Gas
� Pharmaceuticals
� Telecommunications
Dear BMI Customer,
Welcome to the Business Monitor International
2005 Product Portfolio, which is packed with
existing and newly launched products and services,
designed to help senior executives in emerging
markets across the world to control operating risks,
better understand their markets, and develop
business opportunities over the year ahead.
If you are a financial markets professional or finance
director, you will be interested in our weekly report
Emerging Markets Monitor, tracking debt, equity and
forex developments on a regional basis each week. You
may also be interested, along with country managers and
economists, in our range of monthly Monitor titles,
comprising of 18 monthly executive reports covering
political risk, macroeconomic performance, finance and
industry developments across Asia, Latin America,
Emerging Europe, the Middle East and Africa. Company
strategists should also consider our range of 52 Quarterly
Country Forecast Reports, providing independent and
authoritative 4-year economic forecasts on which to base
budgetary and business plans.
Our series of Quarterly Industry Reports features new
sectors for 2005, and now covers Autos, Chemicals,
Commercial Banking, Defence & Security, Food & Drink,
Freight Transport, Infrastructure, Insurance, IT, Oil & Gas,
Petrochemicals, Pharmaceuticals & Healthcare,
Telecommunications and Tourism in major emerging
markets, including 5-year industry forecasts, trend
analysis and competitive intelligence. We can also offer
you a series of newly researched Directories covering
leading industry sectors, plus Yearbooks profiling top
foreign company subsidiaries operating in major emerging
markets worldwide.
All our products are ideal for your business development,
marketing and sales drives. Plus we can also offer our
customers a choice of three powerful, interactive Online
Services covering country risk and macroeconomic
performance, leading industry sectors, and top
multinational companies, designed for network and
intranet environments.
To place orders, or to make inquiries, please contact the
Subscriptions Department at:
Tel: +44 (0)20 7248 0468 Fax: +44 (0)20 7236 3179
Email: [email protected]
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Business Monitor International, Mermaid House,
2 Puddle Dock, London, EC4V 3DS United Kingdom
2
Monthly Monitors
BMI’s range of monthly Monitors provide political risk
assessment and macroeconomic analysis and
forecasts for corporates, banks, government
departments, business libraries and research centres.
Our 18 monthly monitors provide essential coverage each month of major
political, economic and financial developments across emerging markets
worldwide. Each Monitor contains systematic, country-by-country analyses of
recent and likely changes in political risk, economic performance and prospects,
industrial activity, finance and the business environment. Country analyses in
each report are underpinned every month by latest available tabulated data
covering all major macroeconomic indicators, plus authoritative 12- and 24-month
forecasts drawn from BMI’s databases.
COUNTRY-BY-COUNTRY COVERAGE
Each Monitor features systematic country-by-country coverage, comprisingessential news, analysis and forecasts, backed by a wealth of charts, graphsand tables, covering key political, economic and financial developments.
COUNTRY RISK SUMMARIESPolitical risk: Government stability, elections, cabinet changes, keypolicymakers, outlook for policy continuity, political opposition and populardissent, the military, unions and international relations.
Macroeconomic risk: Economic performance and outlook for GDP growth,industrial activity, inflation, forex and interest rates, trade, investment, debt
Business environment risk: Government policy on inward investment andtrade, industry, privatisation and economic reform, FTZs, tax, infrastructure,project finance, labour market, IP, environment.
MACROECONOMIC ANALYSES & FORECASTSBusiness Monitor International’s country-by-country views on economicperformance and outlook are supported by our database of historic andlatest-available headline economic indicators, plus 12-and 24-monthforecasts. Every issue of the Monitors carries tables, charts and graphs foreach country, covering:
Real GDP growth (% pa), Manufacturing output (% pa), Inflation (end period, % y/y), Short-term interest rates (%), Exchange rate/US$ (end period), Exports (US$bn), Oil output (mn b/d), Oil/gas exports (US$bn), Imports (US$bn), Trade balance (US$bn), Current account(US$bn), Current account as % of GDP, Foreign reserves (US$bn), Stock marketperformance, Import cover (mths), External debt (US$bn), External debt as % of exports.
BUSINESS ENVIRONMENT UPDATERecent and likely changes in corporate legislation and government policytoward foreign trade, investment, labour, prices, infrastructure, environmentand capital markets; outlook for corporate profitability, trade liberalisation,structural economic reform and privatisation.
LIST OF CONTENTS
VVVVVol 12 Issue 1 JANUol 12 Issue 1 JANUol 12 Issue 1 JANUol 12 Issue 1 JANUol 12 Issue 1 JANUARY 2005ARY 2005ARY 2005ARY 2005ARY 2005China & North East Asia
BUSINESS MONITOR INTERNABUSINESS MONITOR INTERNABUSINESS MONITOR INTERNABUSINESS MONITOR INTERNABUSINESS MONITOR INTERNATIONALTIONALTIONALTIONALTIONAL’s ’s ’s ’s ’s country riskanalysis and forecasts, market research on leadingindustries, and multinational company research is reliedupon by corporates, banks, government departments andmultilateral organisations in over 125 countries worldwide.CountrCountrCountrCountrCountry Risk Analysis and Fy Risk Analysis and Fy Risk Analysis and Fy Risk Analysis and Fy Risk Analysis and Forecasts orecasts orecasts orecasts orecasts – BMI has for 20 yearsspecialised in political risk analysis, financial marketsanalysis, and macroeconomic forecasts on 175 globalmarkets.
Editorial/Subscriptions Office:Mermaid House, 2 Puddle Dock, London EC4V 3DS, UK
Tel: +44 207 248 0468Fax: +44 207 248 0467
e-mail: [email protected]
Editor/Analyst: Nicholas OwenAnalyst: Nicholas Owen
Sub-Editors: Daniella Bergman/Lee Cheshire
IndustrIndustrIndustrIndustrIndustry Intelligence and Market Ry Intelligence and Market Ry Intelligence and Market Ry Intelligence and Market Ry Intelligence and Market Research – esearch – esearch – esearch – esearch – BMI’sindustry research covers Automotives; Banking; Chemicals;Defence & Security; Food & Drink; Freight Transport;Information Technology; Infrastructure; Insurance; Oil & Gas;Petrochemicals; Pharmaceuticals & Healthcare;Telecommunications, and Tourism.Company RCompany RCompany RCompany RCompany Research – esearch – esearch – esearch – esearch – BMI maintains a fully-researched75,000-site database of multinational company subsidiarieslocated across global markets.
Business Monitor International’s monthly regional report on political risk and macroeconomic prospects
ISSN 1474-5615
TOP STORIES
REGIONAL RISK PROFILE
TAIWAN
CHINA
Asia MonitorAsia Monitor
Economy to slow in2005Taiwan’s economy is forecast to slow in 2005, despite strong growth in thefirst three quarters of 2004. BMI View: The forecast is based on theassumption that export growth will slow, the oil price will remain high, andmonetary policy will continue to tighten.
TAIWAN’S ECONOMY expanded by5.3% year-on-year (y-o-y) in the thirdquarter of 2004. This brought the aver-age growth rate for the first nine monthsof the year to 6.6%, after growth of6.7% in the first quarter and 7.9% in the
second. The growth rate was broadly inline with expectations, and, as a result,BMI’s full-year growth forecast re-mains on 6.0%. Growth is, however,set to fall in 2005 to 4.7%, due to slower
CHINA IS COMING under increasingpressure to allow its exchange rate toappreciate. The pressure reached re-newed urgency after the US dollar fellto a new all-time low against the euro ofUS$1.33/EUR on November 26. Coun-tries of the eurozone, which have so farborne the brunt of the dollar’s fall, arekeen for the burden of this readjust-ment to be shared through Asian coun-tries allowing their currencies to appre-ciate.
To some extent this is already hap-pening, and a number of Asian coun-tries have allowed their currencies torise against the dollar since September,with the Japanese yen, the Taiwan dol-
lar, and the South Korean won all ap-preciating by at least 5%. However,while this appreciation is not insignifi-cant, it is nothing compared with the50% appreciation that the euro has ex-perienced since 2002.
It appears therefore that Asian cur-rencies have further to rise against thedollar, if they are to play their full partin the global readjustment. However,any appreciation is likely to remainmodest until China decides to loosenits own peg against the dollar, whichhas remained at CNY8.3/US$ since1994. The Chinese government itselfhas now said that it will move to a more
China to resist YuanpressureThe Chinese are being put under increasing pressure to allow theircurrency to appreciate against the US dollar. BMI View: While somechange in the exchange rate regime is likely, any change when it doescome, will be marginal, and probably involve switching the dollar peg to abasket of currencies.
South Korea – Nuclear Tests Affect TalksThe IAEA has decided not to refer Seoul’s atomic experimentsto the UN Security Council, welcoming the corrective measurestaken, but a delegation from the UN agency intends to carry outmore inspections in December. BMI View: There is concernthat South Korea’s admission of clandestine tests may underminenuclear talks with North Korea, giving Pyongyang a chance todeflect criticism from its own nuclear activities.
page 11
China
Economic Outlook.................................... pages 1-4
Political Outlook .......................................... page 4
Hong Kong
Economic Outlook.................................... pages 6-7
Political Outlook .......................................... page 7
Taiwan
Economic Outlook..................................... page 8-9
continued on page 2
continued on page 8
Rating Rank* Trend
Short-Term Political Risk
South Korea 63.0 88Taiwan 69.0 60China 74.0 48Hong Kong 75.0 40
Short-Term Economic Risk
South Korea 81.0 12Taiwan 82.0 8China 84.0 4Hong Kong 74.0 27trend arrows reflect significant movement in the same direction. *out of 130 global markets rated. A highrating is an indicator of low risk. A low rank indicates low risk.
Risk Focus: Hong Kong Short-Term Political Risk
The leader of Hong Kong’s biggest democratic party will standdown in December 2005, following the poor showing of theDemocratic Party in the city’s legislative elections in September.Yeung Sum made his decision after increasing pressure fromparty members to resign, and is now likely to be replaced by theparty’s vice chairman, Lee Wing-Tat.
...........................................................................................................................................................................................................................................
ASIA MONITOR
CHINA & NORTH EAST ASIAA 12-page monthly report covering:China, Hong Kong, Taiwan, North andSouth Korea
SOUTH ASIAAn 8-page monthly reportcovering:India, Pakistan, Sri Lanka and Bangladesh
SOUTH EAST ASIA VOL 1An 8-page monthly report covering:Thailand, Vietnam, Myanmar, Laos andCambodia
SOUTH EAST ASIA VOL 2An 8-page monthly report covering:Indonesia, The Philippines, Singapore andMalaysia
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VVVVVol 15 Issue 1 Januarol 15 Issue 1 Januarol 15 Issue 1 Januarol 15 Issue 1 Januarol 15 Issue 1 January 2005y 2005y 2005y 2005y 2005East Med
BUSINESS MONITOR INTERNABUSINESS MONITOR INTERNABUSINESS MONITOR INTERNABUSINESS MONITOR INTERNABUSINESS MONITOR INTERNATIONALTIONALTIONALTIONALTIONAL’s ’s ’s ’s ’s country riskanalysis and forecasts, market research on leadingindustries, and multinational company research is reliedupon by corporates, banks, government departments andmultilateral organisations in over 125 countries worldwide.CountrCountrCountrCountrCountry Risk Analysis and Fy Risk Analysis and Fy Risk Analysis and Fy Risk Analysis and Fy Risk Analysis and Forecasts orecasts orecasts orecasts orecasts – BMI has for 20 yearsspecialised in political risk analysis, financial marketsanalysis, and macroeconomic forecasts on 175 globalmarkets.
Editorial/Subscriptions Office:Mermaid House, 2 Puddle Dock, London EC4V 3DS, UK
Tel: +44 207 248 0468Fax: +44 207 248 0467
e-mail: [email protected]
Editor/Analyst: Nicholas OwenAnalyst: Nicholas Owen
Sub-Editors: Daniella Bergman/Lee Cheshire
IndustrIndustrIndustrIndustrIndustry Intelligence and Market Ry Intelligence and Market Ry Intelligence and Market Ry Intelligence and Market Ry Intelligence and Market Research – esearch – esearch – esearch – esearch – BMI’sindustry research covers Automotives; Banking; Chemicals;Defence & Security; Food & Drink; Freight Transport;Information Technology; Infrastructure; Insurance; Oil & Gas;Petrochemicals; Pharmaceuticals & Healthcare;Telecommunications, and Tourism.Company RCompany RCompany RCompany RCompany Research – esearch – esearch – esearch – esearch – BMI maintains a fully-researched75,000-site database of multinational company subsidiarieslocated across global markets.
Business Monitor International’s monthly regional report on political risk and macroeconomic prospects
ISSN 1469-526X
Middle East MonitorMiddle East Monitor
OIL MARKET OUTLOOK
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30.0
35.0
40.0
45.0
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The OPEC basket has averaged around US$36/b so far in 2004,although prices have fallen markedly from a high of overUS$47/b in October. Consequently, the upside risks to our year-average forecast of US$35/b are relatively minor. Assumingcurrent stock building trends, prices should continue to moder-ate in Q4, although high demand in the northern hemispherewinter, alongside solid demand growth from emerging marketsover the next year, will underpin prices. Consequently, our2005 forecast of US$31/b looks relatively sound for now.
Brent crude, US$/b. Source: Reuters
TOP STORIES
Sinai shock should beshort-livedThe government expects tourist receipts will fall US$200mn below targetin 2004, due to the impact of the Taba bombings. BMI View: As a result,we have cut 0.2 percentage points from our forecast for growth in FY04/05, but the stimulus of economic reforms will boost growth in FY05/06.
SECURITY CONCERNS pose somedownside risk to economic activity,following the triple bombing in theSinai in October. Although this willcause a dip in the key tourism sector in2005, the government’s ongoing pro-
gramme of economic reform presentsmajor upside risks to growth across allsectors.
Overall, officials say the economicimpact of the bombings will be limited,
THE EU COMMISSION’S positivereport on Turkey’s application for ac-cession in October should set the stagefor the Council of Ministers to agree astart date in December. The govern-ments of all the major states – includingGermany, Italy, France (PresidentChirac at least) and the UK – all firmlysupport Turkish entry. This should beenough to carry the support of smallerstates, but a positive decision is not yeta certainty.
There is strong opposition to Turkishentry in both France and Germany whichcould tip the balance towards a condi-tional offer if either government (butmost likely France) feels a need toplacate its domestic constituency. Thereis also widespread hostility within Aus-tria, with the situation there compli-cated by a threat by the far-right Free-dom Party to withdraw from the rulingcoalition if Austria supports Turkish
Fearing east, movingwestDecember and January are key months for Turkey’s long term foreignrelations goal. The most important date is December 16, when the EUCouncil of Ministers meets to decide on Turkey’s application for member-ship, a move that would confer significant political and economic rewardsover the medium term. However, the January elections scheduled for Iraqare also of significant interest to Ankara, given its own restive Kurdishpopulation and the dangers of continued instability in its near neighbour.BMI View: With a positive report by the EU looking likely, a low keyapproach to the problem should enable the government to overcome themost significant dangers.
Syria – US Will Keep The Heat OnThe re-election of US President Bush suggests the US will keepup pressure on Syria. Washington is particularly worried aboutflows of militants and weapons across the border into Iraq, andsome within the administration even think that the Syrian militaryare involved. BMI View: Military action is unlikely – resourcesare already stretched and the public are unlikely to support an-other war – but veiled threats will continue as the US tries todeter Syrian intervention in Iraq.
page 7
Egypt
Economic Outlook.................................... pages 1,2
Turkey
Political Outlook .......................................... page 4
Israel
Political Outlook .......................................... page 6
Lebanon
Economic Outlook....................................... page 8
continued on page 4
continued on page 2
EGYPT
TURKEY
LATIN AMERICA
MONITOR
ANDEANAn 8-page monthly report covering:Bolivia, Colombia, Ecuador, Peru and Venezuela
BRAZILAn 8-page monthly report
CARIBBEANA 12-page monthly report covering:Bahamas, Barbados, Belize, Bermuda, CaymanIslands, Cuba, Dominican Republic, Guyana,Haiti, Jamaica, Puerto Rico, Suriname andTrinidad & Tobago
CENTRAL AMERICAAn 8-page monthly report covering:Costa Rica, El Salvador, Guatemala, Honduras,Nicaragua and Panama
MEXICOAn 8-page monthly report
SOUTHERN CONEAn 8-page monthly report covering:Argentina, Chile, Paraguay and Uruguay
MIDDLE EAST &
AFRICA MONITOR
MIDDLE EAST MONITOR - EAST MEDAn 8-page monthly report covering:Egypt, Turkey, Israel, Jordan, Lebanon, Syria andthe Palestinian Territories
MIDDLE EAST MONITOR - THE GULFA 12-page monthly reportcovering:Saudi Arabia, the UAE, Oman, Kuwait, Bahrain,Qatar, Yemen, Iran and Iraq
NORTH AFRICAAn 8-page monthly report covering:Morocco, Algeria, Tunisia and Libya
SOUTHERN AFRICAA 12-page monthly report covering:South Africa, Zambia, Namibia, Zimbabwe,Botswana, Angola and Malawi
WEST & CENTRAL AFRICAAn 8-page monthly report covering:Nigeria, Kenya, Uganda, Côte d'Ivoire, Ghana,Ethiopia, Cameroon, Senegal, Mali and Benin
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EMERGING EUROPE
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CENTRAL EUROPE & BALTIC STATESA 12-page monthly report covering:Hungary, Poland, Czech Republic, Slovakia,Estonia, Latvia and Lithuania
SOUTH EAST EUROPEA 12-page monthly report covering:Romania, Bulgaria, Croatia, Bosnia-Herzegovina,Macedonia, Serbia & Montenegro, Albania,Slovenia and Turkey
RUSSIA & CISA 12-page monthly report covering:Russia, Ukraine, Kazakhstan, Azerbaijan,Kyrgyzstan, Turkmenistan, Tajikistan, Uzbekistan,Armenia, Georgia, Moldova and Belarus
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VVVVVol 12 Issue 1 Januarol 12 Issue 1 Januarol 12 Issue 1 Januarol 12 Issue 1 Januarol 12 Issue 1 January 2005y 2005y 2005y 2005y 2005Central Europe & Baltics
BUSINESS MONITOR INTERNABUSINESS MONITOR INTERNABUSINESS MONITOR INTERNABUSINESS MONITOR INTERNABUSINESS MONITOR INTERNATIONALTIONALTIONALTIONALTIONAL’s ’s ’s ’s ’s country riskanalysis and forecasts, market research on leadingindustries, and multinational company research is reliedupon by corporates, banks, government departments andmultilateral organisations in over 125 countries worldwide.CountrCountrCountrCountrCountry Risk Analysis and Fy Risk Analysis and Fy Risk Analysis and Fy Risk Analysis and Fy Risk Analysis and Forecasts orecasts orecasts orecasts orecasts – BMI has for 20 yearsspecialised in political risk analysis, financial marketsanalysis, and macroeconomic forecasts on 175 globalmarkets.
Editorial/Subscriptions Office:Mermaid House, 2 Puddle Dock, London EC4V 3DS, UK
Tel: +44 207 248 0468Fax: +44 207 248 0467
e-mail: [email protected]
Editor/Analyst: Nicholas OwenAnalyst: Nicholas Owen
Sub-Editors: Daniella Bergman/Lee Cheshire
IndustrIndustrIndustrIndustrIndustry Intelligence and Market Ry Intelligence and Market Ry Intelligence and Market Ry Intelligence and Market Ry Intelligence and Market Research – esearch – esearch – esearch – esearch – BMI’sindustry research covers Automotives; Banking; Chemicals;Defence & Security; Food & Drink; Freight Transport;Information Technology; Infrastructure; Insurance; Oil & Gas;Petrochemicals; Pharmaceuticals & Healthcare;Telecommunications, and Tourism.Company RCompany RCompany RCompany RCompany Research – esearch – esearch – esearch – esearch – BMI maintains a fully-researched75,000-site database of multinational company subsidiarieslocated across global markets.
Business Monitor International’s monthly regional report on political risk and macroeconomic prospects
ISSN 1744-1744
Emerging Europe MonitorEmerging Europe Monitor
TOP STORIES
REGIONAL RISK PROFILE
POLAND
HUNGARY
The stain of corruptionThe political left has become embroiled in a far-reaching corruptionscandal which centres upon the country’s largest oil refiner and retailer,PKN Orlen. BMI View: Despite the stable interim leadership of thegovernment of Marek Belka, the ruling Socialists continue to suffer fromalleged corruption between their politicians and business elites. In thiscontext, the political centre-right, which has prepared a strong anti-corruption platform, appears the greatest beneficiary.
SINCE THE DEPARTURE from gov-ernment of ex-Prime Minister LeszekMiller in May 2003, amid accusationsof corruption, Poland’s ruling Demo-cratic Left Alliance (SLD) has tried torecover its approval ratings under new
leadership. However, a parliamentaryinvestigation into political improprietyconcerning the country’s largest oil re-finer and retailer, PKN Orlen, has dem-onstrated that public opinion of the
IN NOVEMBER 2004, the nationalassembly voted in favour of a motion tomaintain the presence of soldiers inIraq to March 2005, by 191 votes to159. However, despite strong supportfrom the governing coalition ofSocialists and Free Democrats,sufficient opposition was mounted bycentre-right parties to ensure that theresult fell short of the two-thirdsmajority required to carry the motion.The vote was preceded by a plea fromPrime Minister Ferenc Gyurcsany, whowarned parliament that the withdrawal
of Hungarian troops before Iraqielections (in January 2005) wouldundermine the purpose of theirdeployment.
Nevertheless, Gyurcsany had previ-ously acknowledged that the country’sparticipation in military efforts to sta-bilise Iraq imposed both a political cost,related to the scarcity of public support,and an economic cost, in terms of theassociated fiscal burden. But, consist-ent with the foreign policy strategy ofthe government of his predecessor, Peter
Hungary to withdrawfrom IraqThe Hungarian parliament has failed to approve an extension to thedeployment of troops in Iraq. As a consequence, the country’s 300-strongmilitary contingent will be withdrawn by end-2004. BMI View: The voterepresents a major blow to the ruling Socialists’ policy of participation inthe reconstruction and stabilisation of Iraq. While the impending return ofHungary’s soldiers may appease domestic opponents of their mission, webelieve that the potential political and economic ramifications of theirdeparture will cause the Hungarian authorities considerable concern.
Czech Republic – A Case For Early Elections?The senior government member, the Social Democratic Party(CSSD), has suffered crushing defeats in regional and Senate elec-tions. Opposition parties claim that the CSSD has lost the man-date to rule, and have called for early elections. BMI View: Theconstitutional requirements for an early vote mean that a deci-sion on this will remain in the CSSD’s hands. It therefore seemslikely that a vote will be postponed in order to give the partytime to win back support.
page 5
HungaryPolitical Outlook ....................................... pages 1-2
Economic Outlook...................................... pages 3
PolandPolitical Outlook ....................................... pages 1,4
SlovakiaEconomic Outlook....................................... page 6
EstoniaEconomic Outlook....................................... page 7
LatviaEconomic Outlook....................................... page 8
continued on page 2
continued on page 4
Rating Rank TrendShort-Term Political Risk
Czech Republic 70.0 57Slovakia 75.0 40Hungary 70.0 57Poland 61.0 97
Short-Term Economic Risk
Czech Republic 64.0 53Slovakia 59.0 65Hungary 55.0 79Poland 53.0 86trend arrows reflect significant movement in the same direction. *out of 130 global markets rated. A highrating is an indicator of low risk. A low rank indicates low risk.
Risk Focus: Poland Short-Term Political Outlook
Members of the governing Democratic Left Alliance (SLD)appear to be in conflict over whether to hold early elections in May2005, or wait until October, the latest month permitted under theconstitution. Proponents of a later poll hope that a projected fall inunemployment and increasing absorption of EU subsidies willstrengthen the SLD’s re-election prospects.
VVVVVol 22 Issue 1 Januarol 22 Issue 1 Januarol 22 Issue 1 Januarol 22 Issue 1 Januarol 22 Issue 1 January 2005y 2005y 2005y 2005y 2005Andean
BUSINESS MONITOR INTERNABUSINESS MONITOR INTERNABUSINESS MONITOR INTERNABUSINESS MONITOR INTERNABUSINESS MONITOR INTERNATIONALTIONALTIONALTIONALTIONAL’s ’s ’s ’s ’s country riskanalysis and forecasts, market research on leadingindustries, and multinational company research is reliedupon by corporates, banks, government departments andmultilateral organisations in over 125 countries worldwide.CountrCountrCountrCountrCountry Risk Analysis and Fy Risk Analysis and Fy Risk Analysis and Fy Risk Analysis and Fy Risk Analysis and Forecasts orecasts orecasts orecasts orecasts – BMI has for 20 yearsspecialised in political risk analysis, financial marketsanalysis, and macroeconomic forecasts on 175 globalmarkets.
Editorial/Subscriptions Office:Mermaid House, 2 Puddle Dock, London EC4V 3DS, UK
Tel: +44 207 248 0468Fax: +44 207 248 0467
e-mail: [email protected]
Editor/Analyst: Kate ThompsonAnalyst: Kate Thompson
Sub-Editors: Daniella Bergman/Lee Cheshire
IndustrIndustrIndustrIndustrIndustry Intelligence and Market Ry Intelligence and Market Ry Intelligence and Market Ry Intelligence and Market Ry Intelligence and Market Research – esearch – esearch – esearch – esearch – BMI’sindustry research covers Automotives; Banking; Chemicals;Defence & Security; Food & Drink; Freight Transport;Information Technology; Infrastructure; Insurance; Oil & Gas;Petrochemicals; Pharmaceuticals & Healthcare;Telecommunications, and Tourism.Company RCompany RCompany RCompany RCompany Research – esearch – esearch – esearch – esearch – BMI maintains a fully-researched75,000-site database of multinational company subsidiarieslocated across global markets.
Business Monitor International’s monthly regional report on political risk and macroeconomic prospects
ISSN 0265-9093
Latin America MonitorLatin America Monitor
TOP STORIES
REGIONAL RISK PROFILE
COLOMBIA
VENEZUELA
Parallel successesThere have been developments in both domestic politics and securityissues in recent weeks, with parliament approving a constitutional amend-ment to allow presidential re-election (pending review by the Constitu-tional Court) and progress continuing on disarming the AUC. BMI View:The controversial issue of extradition could yet hinder peace negotiations,particularly since both sides appear reluctant to concede ground.
SUBSTANTIAL ATTENTION hasbeen paid in recent months to the con-gressional debate on presidential re-election, since the successful passageof the bill would allow the popularPresident Álvaro Uribe to run for asecond term in office. The proposal
involves amending the constitution and,as such, has meant that the bill must beapproved in eight separate legislativevotes, spread across two concurrentlegislative sessions. Despite the factthat the final four votes required a quali-
JUST AS IT appeared that the politicalscene was quietening following theresolution of the divisive referendumissue and the largely peaceful execu-tion of the municipal elections, themurder of a prominent federal prosecu-tor in late November and the subse-quent police investigation into the kill-ing has once again brought tensions tothe boil. In the first politically moti-vated assassination in the country sincethe 1960s, Danilo Anderson was killedwhen a bomb planted in his car deto-nated in the Santa Monica/Bello Montearea of Caracas.The murder of Anderson is particularlysignificant given that he had been in-volved in the trials of hundreds of peo-ple suspected of involvement in the
2002 attempted coup to oust PresidentHugo Chávez. Indeed, it is reportedthat Anderson was involved in all of thepolitically sensitive cases for the Attor-ney General’s office. The governmentwas quick to blame the attack on oppo-sition elements (despite the fact thatmany opposition parties condemnedthe killing), frustrated with the out-comes of the referendum and the gov-ernment clean sweep in the local polls,and mooted draft proposals for tighteranti-terrorism legislation in response.
Meanwhile, the official investiga-tion into the assassination has madesome progress, although this has beenmarred to some extent by the death of aseveral suspects during gun battles with
Killing stokes tensionsThe assassination of federal prosecutor Danilo Anderson has catapultedVenezuelan politics back into the limelight, highlighting the polarisation ofthe political spectrum. BMI View: Although this is more likely an isolatedincident and not indicative of a descent to the level of violence seen in thelikes of Colombia, a successful official investigation is crucial to easingtensions.
Dominican Republic – CAFTA Compromise?The Dominican Republic’s membership of the (yet to be ratified)Central American Free Trade Pact (CAFTA) hangs in the balancefollowing the introduction of a 25% tax on US corn syrup im-ports. BMI View: Facing strong opposition from all corners, bothlocally and in the US, President Leonel Fernández will be underincreasing pressure to find a compromise in order to salvage theagreement, which could be extremely beneficial to the long-termDominican recovery.
page 3
Barbados- Political Outlook ...................... pages 1-2
Guyan - Economic Outlook ...................... pages 1,4
Jamaica - Political Outlook ........................... page 5
Puerto Rico - Economic Outlook ................ page 6
Trinidad & Tobago - Political Outlook ........ page 7
Cuba............................................................. page 8
Haiti .............................................................. page 9
Montserrat .................................................. page 10
St Lucia ........................................................ page 11
Suriname ..................................................... page 12
continued on page 4
continued on page 2
Risk Focus: Puerto Rico Short-Term Economic Risk
Moody’s has assigned a Baa1 rating and negative outlook toPuerto Rican bond issues. The rating reflects growing concernsover the island’s financial performance, primarily the failure tobalance the budget without resorting to loans in 2003 and 2004, thestructural imbalance in the 2005 fiscal budget, and the growth inunfunded pension liabilities.
Rating Rank* Trend
Short-Term Political Risk
Barbados 79.0 31Trinidad & Tobago 73.0 51Jamaica 61.0 89Dominican Republic 70.0 89
Short-Term Economic Risk
Barbados 57.0 70Trinidad & Tobago 78.0 20Jamaica 37.0 117Dominican Republic 45.0 104trend arrows reflect significant movement in the same direction. *out of 130 global markets rated. A highrating is an indicator of low risk. A low rank indicates low risk.
political risk, macroeconomic analysis and forecasts
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4
................................................................................................................................................
POLITICAL OUTLOOKPolitical forecast: BMI’s assessment of political risk overthe next four years, with analysis of the key factors that willimpact on the forecast scenario.
Legislative system: Balance of power between executive,congress, parliament, state/provinces. Incumbentadministration, key personalities and policy-makers.
Political stability: Recent elections and future timetable,prospects for constitutional reform; effectiveness ofopposition parties, likely impact of government changes onbusiness; role of public and private sector unions, politicalrole of the military; longterm threats to stability; risks of civilrest or insurgency.
International trade and foreign relations: International tradeand geopolitical factors driving foreign policy; relations withUS, Europe and Japan; trade blocs and multilateralorganisations.
DOMESTIC ECONOMIC OUTLOOKEconomic forecast & recent performance: BMI’s 4-yearforecast (2005-2008) for the domestic economy, broken
down in detail by principal macroeconomic indicators:-recent and future sectoral contribution to GDP;employment/unemployment trends, indicative/minimumwage rates; main determinants of CPI, forecasts for annualaverage and end-year inflation; analysis of exchange rateregime (nominal/real, official/black), recent interest ratetrends, indicative commercial bank lending and depositrates; review of official and independent forecasts.
Background to economy and policy-makingenvironment: market size, economic structure,macroeconomic trends from 1970s to 2004 covering growthperformance, inflation, external accounts, foreignindebtedness and assets.
Today’s economic policy environment: Thegovernment’s current macroeconomic strategy and likelyimplementation problems; fiscal and monetary policiesliable to change over forecast period.
Structural economic reforms: Government policy towardimport/export sector, public sector (privatisation and marketderegulation), capital markets, foreign direct investment,domestic investment (infrastructure, social spending,
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AustraliaCentral AsiaChinaHong KongIndiaIndonesiaMalaysiaPakistanPhilippinesSingaporeSouth KoreaSri LankaTaiwanThailandVietnam
53 quarterly country forecast reports, all titles produced quarterly4 issues per country per annumDelivery options: Airmail/ 1st class post/ email PDF
Business Monitor International’s range of 53 Business
Forecast Reports provides in-depth data, analysis and
forecasts over a 4-year horizon for the world’s leading
markets.
The Business Forecast Reports are used by corporate strategists, treasurers,
economists and researchers, helping to identify opportunities, manage risks and
plan strategy.
Each Business Forecast Report is written by acknowledged country experts
backed by BMI’s country economics team and an extensive network of in-
country, international, private and public sector sources.
The Reports provide an in-depth, authoritative and independent appraisal of
political risk, macroeconomic performance and outlook, leading industry sectors
and the business environment through 2005, 2006, 2007 and end-year 2008.
CHINA
LIST OF CONTENTS
5
MEXICO SOUTH AFRICAPOLAND
LATIN AMERICA
ArgentinaBrazilEast CaribbeanChileColombiaMexicoPeruVenezuelaWest Caribbean
EUROPE
Baltic StatesBulgariaCentral AsiaCroatiaCyprusCzech RepublicGreeceHungaryMacedoniaPolandRomaniaRussiaSerbia & MontenegroSlovakiaSloveniaUkraine
MIDDLE EAST
& AFRICA
Bahrain, Oman & YemenEgyptIranIraqIsraelJordan, Lebanon & SyriaKuwaitNorth AfricaSaudi ArabiaSouth AfricaTurkeyUAEZimbabwe
education, R&D, etc.) and foreign portfolio investment. Keyproblem areas: Control of inflation and public spending,managing growth, foreign reserves position, infrastructurebottlenecks, closed areas of economy, regional disparities.
EXTERNAL SECTOR OUTLOOKExternal sector forecast: BMI’s 4-year forecast for theexternal sector, broken down by imports, exports, services,current account, reserves, external debt and finances.
Recent trends in merchandise trade: Key exports/imports by commodity and partner, trends in invisiblesaccount (shipping, tourism, insurance), analysis of currentaccount.
Status of foreign reserves, import cover, foreigninvestment and debt: Principal sources of foreignfinancing; impact of current account financing on economicpolicy; structure of external debt and major creditors,external debt projections over forecast period (absolute, %of GDP, % of exports) and likelihood of rescheduling/debtproblems over forecast period; foreign assets position.
GLOBAL GROWTH OUTLOOKBMI’s global economic forecast and impact on theeconomy: BMI’s 4-year forecast for the global economy:growth, inflation, trade, interest rates, exchange rates,commodity prices; the impact of US, Japan and the euro-zone.
KEY ECONOMIC SECTORSPerformance, policy and 5-year forecast for key sectors:
• Autos• Chemicals• Commercial Banking• Defence & Security• Food & Drink• Freight Transport• Infrastructure• Information Technology• Insurance• Oil & Gas• Petrochemicals• Pharmaceuticals & Healthcare• Telecommunications• Tourism
in-depth country data, analysis and 3-year forecasts
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Emerging Markets Monitor is a 20-page
weekly brief providing financial market,
political risk and economic analysis,
together with specific forecasts on foreign
exchange, bonds and equities across global
emerging markets, relied upon by financial
professionals and investment managers.
Emerging Markets Monitor (EMM) has become a leading source
of weekly intelligence on foreign exchange, equities and bonds
across global emerging markets, covering Asia Pacific, Latin
America, Central & Eastern Europe, Russia and CIS, the Middle
East and Africa. Each week, the award winning treasury team
analyses market movements, providing clear asset class
recommendations, backed by in-house macroeconomic
forecasts.
Need to know (but hard to find) latest news, analysis and strategy
across global emerging markets.
Analysis of political risk and economic fundamentals, together with
specific views on foreign exchange, bonds and equities across the
regions by BMI’s award winning treasury team.
Explicit short- and medium-term currency forecasts, backed by
macroeconomic data and forecasts.
Graphs and charts to underpin the analysis behind headline stories,
as well as a data summary section
Weekly data on foreign exchange, bonds and equities for all key
emerging markets.
REGIONAL MARKET ANALYSISOn a regional basis, BMI’s treasury team analyses the implications ofthe week’s key developments within global emerging markets, fromasset class movements, to economic data and political events,contextualising the analysis within the framework of our own forecastson foreign exchange, equity and fixed income price action.
CURRENCY SNAPSHOTSFocus each week on one currency from Latin America, Asia, emergingEurope and one currency from either the Middle East or Africa. Focusis on short-term technical movements and medium-termmacroeconomic fundamentals and outlook, providing explicit short-and medium-term currency forecasts.
FOREX, EQUITY AND FIXED INCOME TABLESTables indicating latest week, previous week, previous end-year data,with % change on the week, and % change on the previous year.
BMI VIEWSThese represent the most recent views on the future short- or medium-term price action of currencies, equities, fixed income andcommodities, as well as on economic and political developmentsthroughout global emerging markets.
BMI BOND SENTIMENT INDEXBMI takes a monthly gauge of how the leading investment banks areweighting their sovereign external debt portfolios within globalemerging markets, setting it in the context of our own analysis. Thebanks’ positions are aggregated to formulate a consensus viewtowards the country, with the composite of the country indicesbecoming the regional sentiment indicator, and so on for the globalemerging markets index.
...............................................................................................................................................................
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Emerging Markets Monitor
LIST OF CONTENTS
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Designed to meet the daily online information requirements of seniorexecutives at multinational companies, financial institutions,governments and multilateral organisations doing business orresearch. The service is unique in combining intra-daily alerts from ourtreasuries and capital markets team, and comparative risk ratings,macroeconomic analyses and forecasts, and industry profiles from ourteam of country economists. The service features a fully interactivedatabase comprising macroeconomic and industry data, with BMIforecasts based on our econometric model.
COUNTRY RISK & FORECAST
• Daily news, risk ratings, macroeconomic
forecasts, financial markets analysis
INDUSTRY & MARKET RESEARCH
• AUTOS • CHEMICALS • COMMERCIAL BANKING • DEFENCE & SECURITY • FOOD & DRINK • FREIGHT TRANSPORT • INFRASTRUCTURE
• INSURANCE • IT • OIL & GAS • PETROCHEMICALS • PHARMACEUTICALS & HEALTHCARE • TELECOMMUNICATIONS • TOURISM
The service covers 14 industry sectors (see list above), and is used by
industry professionals, analysts and strategists for competitive
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Business Monitor International’s Quarterly Industry
Reports cover 14 major industry sectors across a
range of key markets.
Each Report features global and regional overviews; market overviews; BMI’s
5-year industry forecasts, supported by commentary and analysis of downside
risks; competitive landscapes and intelligence; trend analysis of latest industry
developments, and profiles of leading national and multinational companies.
The Quarterly Industry Reports are used by industry analysts, economists and
senior management to plan company strategy, manage risks and identify new
opportunities.
............................................................................................................................................................................................................................................
AutosReport
The China
LIST OF CONTENTS
• Executive Summaries highlighting BMI’s 5-year industryforecasts and analysis, landmark company developments,and latest changes in the business operating andregulatory environment.
• Market Overviews covering industry structure, size andvalue; industry landscape and key players ranked by salesand market share; domestic production, imports andexports; assessment of the business operating andregulatory environment.
• BMI’s Independent 5-year Forecasts including historicdata series (2000-2004) and 5-year forecasts to end-2009for all key industry indicators, supported by explicitassumptions, plus analysis of key downside risks to themain forecast.
• BMI’s Macroeconomic Forecasts covering headlinemacroeconomic indicators including real GDP growth,inflation, fiscal balance, trade balance, current account andexternal debt.
• Competitive Rankings and Landscapes by sales,market share, number of employees, year established,ownership structure
• Company Profiles and SWOTs featuring seniorexecutives with full contact details; main businessactivities, brands and products; partners and suppliers;investments, projects and company strategy
Issues per annum Delivery options4 issues per industry report per annum Airmail/ 1st class post/ email PDF
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ChemicalsReport
The Hungary
Defence & SecurityReport
The Libya
Pharmaceuticals &Healthcare Report
The Peru
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14 major industry sectors across a range of key markets
Product List
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Pharmaceuticals & Healthcare
Telecommunications
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Circles indicate availability
The Foreign Companies in Emerging
Markets series, now in its 8th edition,
comprises 39 Yearbooks offering fully
researched commercial intelligence on over
165,000 top executives at more than
58,500 leading foreign subsidiary, joint
venture and associate companies active in
global emerging markets
Published annually by the Commercial Intelligence Service,
corporate research division of Business Monitor International,
the Foreign Companies Yearbooks offer fully researched
corporate data on thousands of American, Japanese, German,
British, French, Dutch, Swiss, Australian and many other foreign
subsidiary, joint venture and associate companies doing business
in Asia. Companies are fully researched at source by
questionnaire, fax, email and telephone.
ASIA (12)
China 3,100
Central Asia 750
Hong Kong 2,300
India 950
Indonesia 2,500
Malaysia 2,600
Philippines 2,000
Singapore 3,500
South Korea 880
Taiwan 970
Thailand 2,750
Vietnam 750
FULL ADDRESS AND CONTACT DETAILSEntries include senior personnel and titles, full company name, full postaladdress, telephone and fax numbers, plus e-mail and website addresses.
SENIOR EXECUTIVE PERSONNEL AND TITLESA range of senior executives and their titles, including Chairman, CEO,Finance Director/Treasurer, Marketing/Sales Director and Managing Director.
COMPREHENSIVE INDICESAll entries are indexed by company name, nationality, 32 major industryclassifications (see opposite) and by parent head office.
CORPORATE PROFILESCorporates profiles by employee size, registration date, description ofbusiness activity and, where available, US$ sales volume.
LINKS TO REGIONAL AND PARENT HEAD OFFICESLeading foreign subsidiaries and joint ventures linked to regional and parenthead offices in the US, Japan, Germany, Britain, France and other leadingindustrial countries, for which full address, contact personnel and details areprovided.
LIST OF CONTENTS
Foreign Companies Yearbooks
32 MAJOR INDUSTRY CLASSIFICATIONS
FOREIGN COMPFOREIGN COMPFOREIGN COMPFOREIGN COMPFOREIGN COMPANIESANIESANIESANIESANIES IN IN IN IN IN
VIETNAM2005
................................................................................................................................................
10
Academic
Accountancy
Agriculture/
Environment
Aviation/Defence
Banking/Finance
Chemicals/
Petrochemicals
Construction/
Engineering
Consultancy
Consumer Goods
Electronics/Electrical
Energy/Utilities
Food/Drink
Government
Insurance
IT/Computers
Legal
Machinery/Equipment
Manufacturing
Media
Mining
Motor Industry
Packaging
Paper/Printing
Pharmaceuticals/
Medical
Real Estate/Property
Retail
Services
Telecommunications
Textiles
Tourism/Travel/Leisure
Trade
Transport
FOREIGN COMPFOREIGN COMPFOREIGN COMPFOREIGN COMPFOREIGN COMPANIESANIESANIESANIESANIES IN IN IN IN IN
POLAND2005
EMERGING EUROPE (13)
Baltics 1,000
Bulgaria 750
Central Asia 750
Croatia 495
Czech Republic 1,950
Greece 1,350
Hungary 1,840
Macedonia 230
Poland 1,480
Romania 750
Russia 1,900
Serbia & Montenegro 450
Slovenia 490
Product ListNo of listedcompanies
Product ListNo of listedcompanies
To order any of the above reports, please contact the Subscriptions Departmenton +44 (0) 20 7248 0468 or email [email protected]
PUBLICATION DETAILS AND PRICES
Discount package prices for multiple books/cd-roms are available on request.CD-Rom price includes free copy of book.
US$ £ €
BOOK / CD BOOK / CD BOOK / CD
PRICE PER COUNTRY US$575 / US$1030 £380 / £685 €525 / €935
11
Features
Full Search CriteriaKeyword - Use freetext searches to instantly access target data.
Company Name - Instantly source strategic data on a potential
customer, partner, supplier or competitor through
companyspecific searches.
Nationality - Search foreign subsidiaries and joint ventures in
your key markets representing over 50 countries.
Major Industry Classifications - You can search companies by 32
major industry classifications.
Print, Copy and Export FeaturesPrint out selected entries or an individual entry from the screen.
Copy an individual entry to a clipboard for pasting into other
software (Word, etc.).
Export data in a range of standard formats to produce mailing
lists, support telesales operations and build customised
databases.
Link via the Internet to the websites of listed companies.
Also available on CD-ROM...
FOREIGN COMPFOREIGN COMPFOREIGN COMPFOREIGN COMPFOREIGN COMPANIESANIESANIESANIESANIES IN IN IN IN IN
VENEZUELA2005
FOREIGN COMPFOREIGN COMPFOREIGN COMPFOREIGN COMPFOREIGN COMPANIESANIESANIESANIESANIES IN IN IN IN IN
EGYPT2005
LATIN AMERICA (8)
Argentina 1,650
Brazil 2,300
Caribbean 2,100
Chile 1,100
Colombia 1,000
Mexico 2,400
Peru 1,100
Venezuela 1,180
MIDDLE EAST & AFRICA (7)
Bahrain, Oman, Kuwait,
Qatar & Yemen 950
Egypt 1,200
Jordan, Lebanon & Syria 780
Saudi Arabia 1,880
South Africa 1,590
Turkey 1,370
UAE 1,690
Product ListNo of listedcompanies
Product ListNo of listedcompanies
......................................................................................................................................................................................................................................
FOREIGN COMPFOREIGN COMPFOREIGN COMPFOREIGN COMPFOREIGN COMPANIESANIESANIESANIESANIES IN IN IN IN IN
VIETNAM
A powerful research
and marketing tool,
presented in an
easy-touse Windows
format. The CD
allows you to
browse, search
and analyse the
entire database,
and export data for
mailing lists,
telesales and your
own database
development.
top foreign companies’ subsidiaries
Argentina, Bahrain/Oman/Kuwait/Qatar/Yemen, Brazil, Caribbean, Central Asia,Chile, China, Colombia, Czech Republic, Egypt, Greece, Hong Kong, Hungary,India, Indonesia, Malaysia, Mexico, Peru, Philippines, Poland, Russia, SaudiArabia, Singapore, South Africa, South Korea, Taiwan, Thailand, Turkey, UAE,Venezuela, Vietnam:
Baltics, Bulgaria, Croatia, Jordan/Lebanon/Syria, Macedonia, Romania, Serbia &Montenegro, Slovenia:
US$ £ €
BOOK / CD BOOK / CD BOOK / CD
PRICE PER COUNTRY US$460 / US$815 £300 / £545 €415 / €745
12
comprehensively researched industry data
.......................................................................................................................................................................................................................................
Business Monitor International publishes
three Industry Directories, covering Oil &
Gas, Pharmaceuticals and
Telecommunications in Asia, Latin America,
Emerging Europe and the Middle East &
Africa. Each Directory comprises fully
researched corporate data on thousands of
senior executives at multinational
subsidiaries, joint ventures and associate
companies in these key industries.
The Directories enable industry professionals to target new
markets for products and services; locate and compare
alternative manufacturers and suppliers of industry equipment
and services; approach key personnel to identify profitable new
customers and sales leads; create new management, recruitment
and customer contacts; research industry peers and competitors,
and identify joint venture and acquisition targets.
MULTINATIONALOIL & GAS COMPANIES INASIA
ASIA
Oil & Gas Companies in Asia
Pharmaceuticals Companies in Asia
Telecommunications Companies in Asia
LATIN AMERICA
Oil & Gas Companies in Latin America
Pharmaceuticals Companies in Latin America
Telecommunications Companies in Latin America
EMERGING EUROPE
Oil & Gas Companies in Emerging Europe
Pharmaceuticals Companies in Emerging Europe
Telecommunications Companies in Emerging Europe
MIDDLE EAST & AFRICA
Oil & Gas Companies in the Middle East & Africa
Pharmaceuticals Companies in the Middle East & Africa
Telecommunications Companies in the Middle East & Africa
Product List
PRICES US$ £ €
Oil & Gas Companies in Asia US$700 £380 €540Pharmaceuticals Companies in Asia US$700 £380 €540Telecommunications Companies in Asia US$700 £380 €540
Oil & Gas Companies in Latin America US$585 £320 €450Pharmaceuticals Companies in Latin America US$585 £320 €450Telecommunications Companies in Latin America US$585 £320 €450
Oil & Gas Companies in Emerging Europe US$585 £320 €450Pharmaceuticals Companies in Emerging Europe US$700 £380 €540Telecommunications Companies in Emerging Europe US$585 £320 €450
Oil & Gas Companies in the Middle East & Africa US$700 £380 €540Pharmaceuticals Companies in the Middle East & Africa US$585 £320 €450Telecommunications Companiesin the Middle East & Africa US$585 £320 €450
To order any of the above directories, please contact the SubscriptionsDepartment on +44 (0) 20 7248 0468 or email [email protected]
PUBLICATION DETAILS AND PRICES
All titles produced annually
LIST OF CONTENTS
FULL COMPANY NAME AND ADDRESS
TELEPHONE, FAX, E-MAIL AND WEBSITE ADDRESSES
SENIOR CONTACT PERSONNELIncludes executives with specific financial, technical and purchasingresponsibilities:Chairman, President, CEO, Finance Director, Treasurer, Marketing/SalesDirector, Operational Director, Technical Director, Business DevelopmentManager, Purchasing Manager, R&D Manager
PRODUCT AND SERVICES CLASSIFICATIONSOver 30 classifications per industry
FULL DESCRIPTION OF COMPANY ACTIVITYMain products manufactured and services provided, at parent head office andlocal levels
Also available as an electronic file by email...Allows you to export data for your own database to
produce mailing lists, support telesales and build
customised databases.
Price for electronic format available on request
LOCAL COMPANY PROFILENumber of employees, date of company establishment and estimated/actualUS$ sales turnover
NATIONALITYAll entries are identified by single or joint nationality status. Countriesrepresented include the US, Japan, UK, Germany, France, Netherlands,Switzerland and over 25 others worldwide.
OWNERSHIP STATUS AND PARENTAGELocal company identified as multinational subsidiary, joint venture, agent,representative or by trade association. Includes name and location of parent orassociated company.
Industry Directories
Business Monitor International LtdMermaid House, 2 Puddle DockLondon EC4V 3DS, UKTel: +44 (0)20 7248 0468 Fax: +44 (0)20 7236 3179e-mail: [email protected]: www.businessmonitor.com