The chat software industry is in its evolving stage; the market for live chat software is yet to be fully grown in Europe and APAC. The adoption rate of live chat software is increasing among end-users. For instance, the number of users of LiveChat solution, one of the leading live chat software providers, increased by 794 in two months (June and July 2016). The major end-users include enterprises and

universities. The clients of live chat software range from small on-line stores to global brands such as Pizza Hut, AirAsia, Kaspersky Lab, Orange, Adobe,Samsung, and Tele2.Vendors such as SnapEngage and LiveChat are adding more features, such as knowledge database integration, language support for different countries or regions, and automatic reporting to enable users to monitor real-time activity, into their software. Such activities by vendors will drive the market during the forecast period.

Strong Home Price Prospects: The ideal conditions for rapid home price rises exist in several markets, with the combination of extremely low borrowing costs, readily available credit, steady economic growth and limited housing supply. Fitch Ratings expects this situation to remain in 2017 and this is reflected in the Stable or Stable/Positive outlooks on the housing and mortgage markets for 19 of the 22 countries in this report.Slowdown Overdue in Hottest Markets: The rate of price increases should slow as home purchases become increasingly expensive relative to household income and rents. Unsustainably rapid price rises in some countries (eg New Zealand, Norway, Australia, Canada) are expected to moderate in 2017.

BMI View: Bulgaria represents one of the smallest medical device markets in the EU. We expect it to register a mid single-digit local currency CAGR over the 2015-2020 period. The market is largely reliant upon imports which are primarily sourced from other EU member states. Market growth will be dependent upon increasing healthcare funding and the success of efforts to develop the private sector.

Last week was characterized by a relatively stable price situation in Ukrainian wheat market. Export prices for milling wheat with 12.5% protein (2nd grade) remained within USD 185-186/MT FOB, and those for wheat with 11.5% protein (3rd grade) – at USD 182-184/MT FOB for February-March delivery.The prices were supported by wheat strengthening in the world market, as well as by persistent demand from importers.But it should be noted, there is no many Ukrainian wheat left for export. During the first half of the current season Ukraine exported more than 5 MMT of wheat with protein content higher than 11%.Moreover, market operators informed that in January nearly 700 KMT of milling wheat were ready for export to India, and about 400 KMT – to Egypt and the European Union. The wheat export program is

almost completed in Ukraine, and the importers’ demand is expected to switch to Russian wheat,where a half of export capacity is still available.

A lot of events occurred in the Azerbaijani economy in 2016. In particular, Azerbaijan planned to pass to an economic model not to depend on oil in 2016.The government mainly focused on the development of the country’s export potential in 2016, namely, the expansion of non-oil goods and services and the creation of more favorable conditions in the investment sphere.Azerbaijan has recently invested billions in the development of marine, rail, automotive,communal, social infrastructure. As a result, Azerbaijan turned into a major transit country in the region.An important event of 2016 was the coordination of the details of implementing the North-South corridor project, which will become a bridge to connect the railways of Iran,Azerbaijan and Russia. Thus, the expansion of the transport routes will further increase the country's attractiveness for investors by supplying the products produced in Azerbaijan to other markets.

This market report provides a comprehensive overview of the mobile network operator and MVNO telecom market across the various economies of Asia. The list of operators ranges from the giant China Mobile with more than 850 million subscribers right through to a number of much smaller operators with only a few thousand subscribers each. And of course there are the mobile virtual network operators (MVNOs).

The focus of this report is on the operators within their individual national markets. In addition to these individual operators there are those companies such as SingTel, Vodafone, and Axiata (formerly Telekom Malaysia International) that have built a substantial presence around the Asian region beyond their own domestic market through their shareholdings in operators in multiple other markets. While this aspect of the regional operations is not discussed in any detail, it is mentioned in passing in the relevant country reviews.

Ambulatory care refers to medical care provided on an outpatient basis, which includes diagnosis, observation, treatment, and ehabilitation services; and ambulatory surgery or same-day surgery refer to surgical procedures that allow a person to return home on the same day.Global ambulatory surgery market was valued at INR 4,582.3 bn in 2015, and is expected to grow at a CAGR of 4.2% to reach INR 5,642.4 bn by 2020.The North American, Western European, and Eastern European markets together held a share of ~80% in the global ambulatory surgical centers market.In India, the ambulatory surgery market was valued at INR 289.6 bn in 2015 and is expected to grow at a CAGR of 15.4% over the next 5 years to reach a value of INR 591.6 bn by 2020.At present at present only ~43% surgeries are being conducted as day care/short stay surgeries which leaves a huge untapped market that will aid in future growth.

Air care market in India was valued at INR 5.98 bn in 2015.The market is expected to achieve a CAGR of around 25%, and grow over INR 15 bn by 2020.The Indian air care category is still nascent, with a low penetration and involvement.However, it possesses tremendous potential owing to evolving consumer tastes and preferences.The wider scope and consumer acceptance are attracting novel players while all the existing players are moving beyond conventional room fresheners and fragrances, and infusing a fresh fragrance in the market with a gamut of scent selections and product innovations.Increasing air care products demand in emerging countries and high level of pollution and dust are the major factors for the growth of air care market globally.

Uncertainty has a cycle, like everything else, which threatened to peak in 2016, as geopolitical risk took centre-stage in shaping the fortunes of global corporates. Our view: the net effects of anti-trade sentiment from growing nationalism, protectionism, and Brexit are likely to outweigh greater hope for fiscal stimulus in corporates’ investment planning.An overall stable outlook for corporate ratings in 2017 also fails to show persisting high levels of regional disparity. Net Negative Outlooks and Watches improved strongly in the U.S, but Latin American corporates are facing increasingly challenging conditions and a weakening credit trend with Negative Outlooks comprising 31% of our international rating portfolio. The slow recovery from the recession in Brazil, weak domestic growth rates in Chile, tax reforms in Colombia, and economic uncertainty in Mexico will continue to pressure ratings over the next 12 to 18 months.