Romania has the lowest gender pay gap in the EU

Bucharest, Romania (meaduva, CC BY-ND)

Hungarian deputy governor of central bank with limited power

Moldova will be allowed to increase exports of wine to Russia

Romania

Romania Insider reports the Eurostat’s data on managers’ pay according to which Romania has the lowest gender pay gap in the European Union. The data shows that Romania’s female managers earn only 5 per cent less than male. At the same time the gap is 12.4 per cent in Slovenia, 13.6 per cent in Belgium and 15 per cent in Bulgaria.

The worst countries for female managers are: Hungary (33.7 per cent), Italy (33.5 per cent) and the Czech Republic (29.7 per cent). The average EU gender pay gap is 23.4 per cent.

Managers of European companies with headcount of 10 or more were surveyed. There are some 7.3 million managers in those firms. 65 per cent of them are men. The country with the biggest share of women holding managerial positions are Latvia (53 per cent), Bulgaria (44 per cent) and Poland (44 per cent).

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Hungary

National Bank of Hungary (Magyar Nemzeti Bank, MNB) informed it’s deputy governor, Marton Nagy will “no longer be in charge of financial stability issues at the institution”. Mr. Nagy will be responsible for monetary policy issues and boosting bank lending. The bank didn’t comment.

Last week Nagy stepped out of the office of the chairman of the Budapest Stock Exchange (BSE). He is a deputy governor of MNB since September 2015 and has been working for the institution since 2012.

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Moldova

IPN.md reports about Russia’s food safety office Rospotrebnadzor allowing the exports of Moldovan wine exports. Rospotrebnadzor accepted 7 (out of 13) Moldovan companies as wine exporters. Those companies are: Circova, Chateu Vartely, Castel Mimi, Lion-Gri, Moldiugvin, KVINT and Kazayak-Vin. Moldovan Minister of Agriculture and Food Industry hopes that the list could be extended in future.

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What’s up in indexes

BET (of Bucharest) decreased from 7,990.44 index points Friday, March 3rd to 7,923.39 index points Monday, March 6th. It was down 0.84 per cent d/d and up 19.58 per cent y/y.

BUX (of Budapest) decreased from 33,193.81 index points Friday, March 3rd to 33,181.49 index points Monday, March 6th. It was down 0.04 per cent d/d and up 33.20 per cent y/y.

CROBEX (of Zagreb) decreased from 2,218.38 index points Friday, March 3rd to 2,209.54 index points Monday, March 6th. It was down 0.40 per cent d/d and up 41.00 per cent y/y.

OMXR (of Riga) decreased from 771.75 index points Friday, March 3rd to 759.46 index points Monday, March 6th. It was down 1.59 per cent d/d and up 20.66 per cent y/y.

OMXT (of Tallinn) decreased from 1,114.73 index points Friday, March 3rd to 1,112.93 index points Monday, March 6th. It was down 0.16 per cent d/d and up 16.81 per cent y/y.

OMXV (of Vilnius) increased from 561.48 index points Friday, March 3rd to 563.15 index points Monday, March 6th. It was up 0.30 per cent d/d and up 13.28 per cent y/y.

PX (of Prague) increased from 974.23 index points Friday, March 3rd to 975.57 index points Monday, March 6th. It was up 0.14 per cent d/d and up 9.86 per cent y/y.

SAX (of Bratislava) remained at the same level of 309.54 index points Monday, March 6th. It was down 5.04 per cent y/y.

SOFIX (of Sofia) decreased from 613.07 index points Thursday, March 2nd to 615.12 index points Monday, March 6th. It was up 0.33 per cent d/d and up 37.80 per cent y/y.

UX (of Kyiv) increased from 956.25 index points Friday, March 3rd to 960.88 index points Monday, March 6th. It was up 0.48 per cent d/d and up 52.87 per cent y/y.

WIG20 (of Warsaw) decreased from 2,232.98 index points Friday, March 3rd to 2,217.41 index points Monday, March 6th. It was down 0.70 per cent d/d and up 16.99 per cent y/y.

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