The Economic Forum in Krynica, Poland starts September 5th

Krynica, Poland (Ewa Dryjanska, CC BY-SA)

Prague’s airport with the record number of passengers in 2016

Estonian PM: our growth has to guarantee bigger wages

Poland

The 27th Economic Forum starts September 5th in Krynica Zdrój in southern Poland. It’s the largest conference in Central and Southeast Europe with more than 3,500 guests from over 60 countries – political, economic and social leaders. There are 6 plenary session and more than 180 panel discussions scheduled.

The topic of this year’s edition is: “Project Europe – a Recipe for the Coming Decades”. Issues like Security, the financial crisis, unemployment, Brexit, and immigrants will be discussed. And also the future of the countries associated with the EU, like Georgia, Moldova and Ukraine.

During the plenary session the debate “Politics. A Matter of Values or Interests” will take place. Among the participants are: the Polish Prime Minister Beata Szydlo, former Krakow Metropolitan Archbishop Stanislaw Dziwisz, former Ukraine’s President Viktor Yushchenko, director for Pew Research Center for The People and The Press Bruce Stokes and Israeli writer Yacov Shechter.

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Czech Republic

Radio Praha informs that the number of passengers travelling through Prague’s Vaclav Havel airport was up 9 per cent y/y in 2016. As estimated, in the period January – June 2017, the airport handled some 6.7 million people and is expecting to handle over 15 million in 2017. According to an expert Jakub Habarta from Deloitte it’s due to more long-distance flights to Prague, which usually mean larger aircrafts.

The Radio Praha also reports that other airports in Czech Republic “are dealing with an outflow of passengers”. The article mentions that in 2016 Brno handled only 417,000 passengers (down 10 per cent), Ostrava handled 258,000 people (down 16 per cent) and Pardubice handled 31,000. As explained – this is due to a dropping number of Russian tourists and the cancelling of some of the low-cost flights.

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Estonia

The Baltic Course quotes Estonia’s Prime Minister Juri Ratas, who said that it was vital to provide bigger wages, pensions and social benefits to the citizens. It is the natural consequence of the economic growth of Estonia.

“Our goal is a sustainable and inclusive economic growth which reaches every person in Estonia. To reduce social inequality, fair wages have to be guaranteed to working people but also decent pensions to the elderly and support to those in need. A strong economy with the government-initiated raising of tax-free income, and pension and healthcare reforms are important prerequisites for that,” said Ratas.

According to government plans 2017 Estonian economy will grow 2.9 per cent in 2017.

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What’s up in indexes

BET (of Bucharest) increased from 8,052.03 index points Thursday, August 31st to 8,110.76 index points Friday, September 1st. It’s up 0.84 per cent d/d and up 15.53 per cent y/y.

BUX (of Budapest) decreased from 38,092.26 index points Thursday, August 31st to 37,719.90 index points Friday, September 1st. It’s down 0.98 per cent d/d and up 34.50 per cent y/y.

CROBEX (of Zagreb) increased from 1,893.01 index points Thursday, August 31st to 1,896.94 index points Friday, September 1st. It’s up 0.21 per cent and up 4.02 per cent y/y.

OMXR (of Riga) increased from 992.49 index points Thursday, August 31st to 992.86 index points Friday, September 1st. It’s up 0.04 per cent d/d and up 56.12 per cent y/y.

OMXT (of Tallinn) increased from 1,271.93 index points Thursday, August 31st to 1,272.10 index points Friday, September 1st. It’s up 0.01 per cent d/d and up 27.19 per cent y/y.

OMXV (of Vilnius) decreased from 658.89 index points Thursday, August 31st to 656.40 index points Friday, September 1st. It’s down 0.38 per cent d/d and up 22.68 per cent y/y.

PX (of Prague) decreased from 1,022.27 index points Thursday, August 31st to 1,021.97 index points Friday, September 1st. It’s down 0.03 per cent d/d and up 17.96 per cent y/y.

SAX (of Bratislava) was closed Friday, September 1st. On Thursday it closed at 333.39 index points.

SOFIX (of Sofia) increased from 705.44 index points Thursday, August 31st to 710.31 index points Friday, September 1st. It’s up 0.69 per cent d/d and up 51.29 per cent y/y.

UX (of Kyiv) increased from 1,129.58 index points Thursday, August 31st to 1,136.04 index points Friday, September 1st. It’s up 0.57 per cent d/d and up 58.94 per cent y/y.

WIG20 (of Warsaw) increased from 2,516.26 index points Thursday, August 31st to 2,527.62 index points Friday, September 1st. It’s up 0.45 per cent d/d and up 43.48 per cent y/y.

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