Poland: minimum wage to reach EUR493 in 2018

The Czech Prime Minister Bohuslav Sobotka (CC By NC ND Number 10)

Bulgaria: Exports to the EU up 11.3 per cent y/y

Czech teachers with pay increases in November

Poland

Poland’s minimum wage will grow next year. As the Polish Radio informs, the government of Beata Szydło decided to raise the minimum wage to PLN2,100 (EUR493) gross each month, starting from 2018. It means that Poles with the minimum pay will get PLN100 raise. At the same time the gross hourly rate will be increased from PLN13 to PLN13.7.

It is more than the government had planned, as in June 2017, the cabinet suggested raising the minimum monthly wage to PLN2,080 and the hourly rate to PLN13.5. But, as reported, trade unions demand more. They called for the minimum monthly wage to be pushed up to PLN2,220.

According to Poland’s Central Statistical Office there were 1.4 million people earning the minimum rate.

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Bulgaria

Bulgarian exports to EU is increasing. As Novinite.com reports, in the period January-June 2017 the country’s exports to the EU countries increased by 11.3 per cent y/y. The data from the National Statistical Institute (NSI) shows that it reached BGN16345.6m (EUR8,3bn).

The most important trade partners for Bulgaria are: Germany, Italy, Romania, Greece, France and Belgium. Exports to those destinations accounted for 69.0 per cent of the total exports to the EU.

In the period mentioned above, the largest increases were observed in manufactured goods classified chiefly by material and mineral fuel, lubricants and related materials. 

The highest decrease was in food and live animals and beverages and tobacco.

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Czech Republic

The Czech Prime Minister Bohuslav Sobotka informed that Czech teachers will get a pay rise of 15 per cent in November 2017. At the same time other public sector staff will get 10 per cent increase. In the first week of September teachers’ unions and the national Confederation of Trade Unions demanded salary increases. They threatened that if their demands are not addressed, they will go on strike.

“By the end of September we will discuss the relevant government mechanisms under which we will implement these pay-scale increases. I would like to add that another element of these mechanisms will be the increase of salaries of nurses and doctors in hospitals. In their case, we have agreed on a 10 per cent pay-scale rise. Of course, these increases will come in, as every year, on January 1st. That’s because they are part of a pay declaration and because of the method by which the health sector is financed,” Sobotka explained.

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What’s up in indexes

BET (of Bucharest) decreased from 8,051.21 index points Monday, September 11th to 8,014.71 index points Tuesday, September 12th. It’s down 0.55 per cent d/d and up 15.97 per cent y/y.

BUX (of Budapest) increased from 37,895 index points Monday, September 11th to 38,076.88 index points Tuesday, September 12th. It’s up 0.48 per cent d/d and up 35.18 per cent y/y.

CROBEX (of Zagreb) decreased from 1,881.44 index points Monday, September 11th to 1,869.40 index points Tuesday, September 12th. It’s down 0.64 per cent and up 0.91 per cent y/y.

OMXR (of Riga) decreased from 990.06 index points Monday, September 11th to 987.95 index points Tuesday, September 12th. It’s down 0.30 per cent d/d and up 44.03 per cent y/y.

OMXT (of Tallinn) decreased from 1,267.33 index points Monday, September 11th to 1,258.67 index points Tuesday, September 12th. It’s down 0.68 per cent d/d and up 26.49 per cent y/y.

OMXV (of Vilnius) increased from 646.82 index points Monday, September 11th to 648.27 index points Tuesday, September 12th. It’s up 0.22 per cent d/d and up 20.03 per cent y/y.

PX (of Prague) increased from 1,023.43 index points Monday, September 11th to 1,036.08 index points Tuesday, September 12th. It’s up 1.24 per cent d/d and up 19.08 per cent y/y.

SAX (of Bratislava) decreased from 332.56 index points Monday, September 11th to 329.71 index points Tuesday, September 12th. It’s down 0.86 per cent d/d and 3.00 per cent y/y.

SOFIX (of Sofia) decreased from 700.46 index points Monday, September 11th to 694.58 index points Tuesday, September 12th. It’s down 0.84 per cent d/d and up 47.48 per cent y/y.

UX (of Kyiv) increased from 1,133.20 index points Monday, September 11th to 1,139.36 index points Tuesday, September 12th. It’s up 0.54 per cent d/d and up 54.28 per cent y/y.

WIG20 (of Warsaw) decreased from 2,513.44 index points Monday, September 11th to 2,505.88 index points Tuesday, September 12th. It’s down 0.30 per cent d/d and up 44.73 per cent y/y.

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