In Poland unemployment at the lowest level in 26 years

District Employment Office in Mońki, Poland (Henryk Borawski, CC BY)

Bulgaria doesn’t comment construction works on Turkish Stream

Russia is the largest buyer of Ukrainian wine

Poland

The Polish Radio reports, after the Family, Labour and Social Policy Ministry, that the unemployment in Poland dropped to the lowest level in 26 years. At the end of April 2017 it reached 7.7 per cent (down 0.4 percentage point m/m and down 1.7 percentage points y/y). As reported there are 1.252 million people registered as unemployed in labor offices.

The Associated Press quotes Polish Prime Minister Beata Szydło expressing “huge satisfaction” and saying that the government’s programs “are bringing the expected effects”.

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Bulgaria

Novinite.com reports that Russian Gazprom started the construction of the Turkish Stream last week but the Bulgarian government refused to comment. 

Turkish Stream will consist of two gas pipes laid at the bottom of the Black Sea – linking Russia and Turkey. It will supply Turkey with nearly 30 billion cubic meters (bcm) of natural gas from Russia. Some of the quantities will be later directed to Central and Western Europe. The project is to be completed by 2020.

Bulgaria had been opting for the South Stream Project with the capacity of 63 bcm – with gas pipes linking Russia and Bulgaria, as it could collect fees from the transit of Russian gas through its territory.

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Ukraine

Russia became the largest buyer of Ukrainian wine in the first four months of 2017, according to the Ukrainian agrarian news portal Agravery, quoted by Unian agency. Ukraine’s wine exports in 2017 so far reached USD12m and USD6.3m went to Russia alone (which is 52.8 per cent).

Still Ukraine imports more than exports – it bought 12 million litres of wine worth USD23.4m in the four months of 2017. The majority of imports are Italian wines – USD6m (25.7 per cent), the second are Georgian with USD3.4m (14.6 per cent), and French wines are the third – USD3.3m (14 per cent of total imports).

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What’s up in indexes

BET (of Bucharest) increased from 8,297.62 index points Monday, May 8th to 8,315.70 index points Tuesday, May 9th. It’s up 0.22 per cent d/d and up 28.64 per cent y/y.

BUX (of Budapest) increased from 32,844.67 index points Monday, May 8th to 33,509.99 index points Tuesday, May 9th. It’s up 2.03 per cent d/d and up 25.87 per cent y/y.

CROBEX (of Zagreb) decreased from 1,905.02 index points Monday, May 8th to 1,897.23 index points Tuesday, May 9th. It’s down 0.41 per cent d/d and up 15.24 per cent y/y.

OMXR (of Riga) increased from 824.63 index points Monday, May 8th to 832.77 index points Tuesday, May 9th. It’s up 0.99 per cent d/d and up 31.35 per cent y/y.

OMXT (of Tallinn) decreased from 1,131.02 index points Monday, May 8th to 1,129.61 index points Tuesday, May 9th. It’s down 0.12 per cent d/d and up 14.53 per cent y/y.

OMXV (of Vilnius) increased from 584.16 index points Monday, May 8th to 585.75 index points Tuesday, May 9th. It’s up 0.27 per cent d/d and up 14.55 per cent y/y.

PX (of Prague) increased from 1,005.94 index points Friday, May 5th to 1,010.96 index points Tuesday, May 9th. It’s up 0.50 per cent d/d and up 16.98 per cent y/y.

SAX (of Bratislava) closed at 307.99 index points Tuesday, May 9th. It’s the same result as Friday’s (0 per cent change). It’s down 5.30 per cent y/y.

SOFIX (of Sofia) decreased from 660.81 index points Friday, May 5th to 659.89 index points Tuesday, May 9th. It’s down 0.14 per cent d/d and up 48.54 per cent y/y.

No trading on UX (of Kyiv) Tuesday, May 9th. On Friday, May 5th the index closed at 1,020.16 index points. It’s up 58.87 per cent y/y.

WIG20 (of Warsaw) increased from 2,374.23 index points Monday, May 8th to 2,413.53 index points Tusday, May 9th. It’s up 1.66 per cent d/d and up 30.57 per cent y/y.

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