The short-term political risk has been downgraded from category 3 to 4 as current account receipts are expected to decrease this year amid lower oil prices (crude oil production began in 2011) and a sharp drop in remittances as two thirds of them are coming from Italy and Greece. As a result, foreign exchange reserves have slightly decreased and are expected to continue to decline in the coming months.
27 May 2020
Automotive sector: Covid-19 worsens conditions for an already waning automotive sector
European automotive industry hit hard by coronavirus
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