We forecast Bosnia-Herzegovina's GDP to grow 3% in 2018, 3.3% in 2019 and 3.5% in 2020, supported by investment in infrastructure, as well as private consumption and falling unemployment. After several years of fluctuating growth, Bosnia's construction sector will hold a moderate trajectory over the coming five years, supported by bilateral investment and structural reforms, as the country seeks to meet IMF loan obligations and to secure EU accession. Growth for construction will be 2.3% annually over 2018-2022, driven by transport and energy infrastructure investment. GFCF has potential to drive further economic expansion and contribute to construction growth, though given political uncertainty after and a relatively unwelcoming business environment, this will remain heavily dependent on external financing from institutions such as the IMF, EU or EBRD. Unfortunately, heightened political uncertainty following the October election poses a downside risk to the investment outlook. It is already unclear when the IMF will release the next tranche of its financing programme, with approval unlikely until a new government is in place.

Second largest market in the CEE region. Per capita spending is below the CEE average. Slowest market growth in the CEE region, in US dollar terms. Other medical devices and consumables have the largest market shares.The market remains heavily reliant on imports. Turkey has a large number of manufacturers, but these tend to be small-scale, concentrating on cheap, low-technology items. In recent years, Turkey has focused on developing its healthcare system, with the goal of providing universal healthcare, although this is yet to be achieved. Over three quarters of total health expenditure comes from the public sector, primarily central & local governments and social security programmes.

Turkey's pharmaceutical market is the third-largest in the Central and Eastern Europe (CEE) region, due to its considerable population size. Turkey's pharmaceutical expenditure per capita, at USD115 in 2017, is considerably lower than any EU member state. It ranks just 20th out of the 32 countries in the CEE region, trailing most markets aside from the former Soviet CIS markets.

Vietnam's insurance industry remains underdeveloped, with total premiums comprising only around 2% of overall GDP at present. Widespread poverty and low household incomes have limited the affordability of even basic property and motor products. As it is one of Asia's fastest-growing economies, we believe that there is potential for rapid growth across most lines over the next few years. In the personal insurance segment, increasing car ownership will support higher demand for motor insurance products, while fast growth in private healthcare usage will drive wealthier households to purchase health and personal accident insurance products. The fragmented nature of the market at present will also provide scope for mergers and acquisitions.

Through state entities such as Bahrain Petroleum and the National Oil & Gas Authority, the government asserts primary control over the oil and gas sector in Bahrain. NOGA regulates the industry and issues regulations, while the state-owned oil and gas company BAPCO has exclusive rights to explore, produce and distribute oil and gas on the government's behalf. There is no key and overarching regulatory framework. However, the government has increasingly tried to increase private sector participation in order to maximise the country's limited natural resources (see Licensing Regime section below). In middle June 2016, King Hamad bin Isa al-Khalifa announced that he was abolishing the kingdom's Energy Ministry and creating two new portfolios from it. Sheikh Mohammed bin Khalifa bin Ahmed al-Khalifa was named Oil Minister and former Energy Minister Abdul Hussain bin Ali Mirza was appointed Electricity and Water Affairs Minister.

The Global Automotive Semiconductor Market is evolving along with the changing demographics of the automotive industry. In terms of revenue, the Global Automotive Semiconductor Market is expected to grow at a CAGR of 6.9% during 2017−2023. Semiconductors form the backbone of next-generation automotive technology. The rise of new technologies, rapid developments in the emerging markets, the adoption of sustainable policies, and changing consumer preferences is expected to exponentially increase the usage of semiconductors in vehicles. Moreover, digitization and change in business models have spurred a revolution in many industries including automotive. Disruptive technologies such as electrification, diverse mobility, autonomous driving, and rapidly evolving connectivity services are propelling the growth of the Global Automotive Semiconductor Market in recent years.

The chapter covers the analysis of the global waste to energy market with respect to different technologies and region. The chapter focuses on the key technologies used globally to the convert waste generated to energy, along with the factors supporting their growth. The segment further analyses the ongoing trends in the industry in the various regions by probing into the regulatory scenarios and the macro & micro economic factors.

Our forecasts for corn consumption have been revised for all three countries. In Angola we now see demand reaching 2.2mn tonnes in 2018 before continuing to rise by an average annual growth rate of 3.0% to a level of 2.3mn tonnes in 2022. In Botswana we now see demand reaching 265,000 tonnes in 2018 before continuing to rise by an average annual growth rate of 2.95% to a level of 245,000 tonnes in 2022. In Namibia we now see demand reaching 240 tonnes in 2018 before remaining flat at the same level across our forecast period. We have revised down our forecasts for wheat production in Namibia in this update. We now see output reaching 11,000 tonnes in 2018 before contracting by an average annual growth rate of 12.2% to a level of 6,000 tonnes in 2022.

The Americas farm management software and services market comprises major companies providing software and services for yield monitoring and farm mapping, weather monitoring and forecasting, animal health monitoring, lighting management, and feeding management among others. This varied range of market participants provide opportunities to other players willing to bear the high risks involved in the industry. This chapter details the latest strategies and developments adopted by the key market players in the farm management software and services market. In order to lead the market as well as engage in the process of market growth, a company needs to work in collaboration with the top market leaders, acquire the relatively weaker companies, bring new products and services to the market, and improve the existing products. Some of the key strategies adopted by the key market players are listed in the following figure

In October 2018, Albania’s national agency of natural resources (AKBN) invited bids for oil exploration in Block 5 in the southwestern part of the country. The deadline for the submission or the bids was November 7, but the results have not been made public yet. In March 2018, state-owned oil and gas company Albpetrol invited expressions of interest for concession agreements in Gorisht-Kocul, Cakran-Mollaj and Amonica fields. In January 2018, Shell Upstream Albania, a subsidiary of Royal Dutch Shell, started drilling an onshore appraisal well Shpirag-4. The following month, the government of Albania and Royal Dutch Shell reportedly signed an exploration deal, which foresees an investment of EUR42.5mn over the next seven years into Blocks 2, 3 and 4. We hold our muted forecast for oil reserves, which we expect to drop to 131.2mn bbl by 2027, down from an estimated 192.6mn bbl in 2018.