Tourism plays a key role in the Bulgarian economy, generating more than 11.4 % of GDP and plays a large role in reducing the current account deficit of Bulgaria. The country’s biggest advantage is that it is an all-year-round holiday destination, with both beaches and ski resorts.
On April 6, the National Bureau of Statistics (NBS) announced new GDP figures for 2013. Although much anticipated, revised figure makes Nigeria the 24th-biggest economy in the world moving from the frontier to the official emerging market status.
Tacos, mariachis and sombreros readily come to mind when people think of Mexico. Economic stability and growth are not on the top of the list and for good reasons. Fortunately for Mexico, this may soon change.
Myanmar has one of the last untapped economies in the world and a wealth of gas, gems and other resources. A stock market could eventually provide an entry point for investors.
In 2011 an eighteen year old Hmong woman from Northern Vietnam arrived at her remote hill village, bewildered and bedraggled, only reaching it after four terrifying days of being chased on foot.
In much the same way investors have been wrong footed by the strength of key markets so far in 2014, participants in Brazil may be perplexed (but gratified) by the performance of the Bovespa year-to-date (+11.31%), the strength of the Brazilian Real (+4.24% against the US Dollar) and the flattening of the bond yield curve.
MSCI upgrade from frontier markets to emerging market status, winning the bid to host Expo 2020, the Dubai Financial Market (DFM) exchange was the best performing exchange of 2013 and is up by 50% in 2014 till date.
Mongolia's GDP growth is one of the world's highest, so why are its currency and stock market at multi-year lows?
Winds in Latin America have shifted after Bernanke blew strong headwinds towards the BRICs in his May speech. As Latin America’s largest economy was blown away to the Five Fragile group, capital has flown out towards frontier markets, but also reshuffled within LATAM.
A simple adjustment in calculations has propelled Nigeria from 'frontier' to 'emerging' status and confirmed its position as Africa's largest economy.