Maria Bninska | | Central European Financial Observer

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19.11.2019

Moody’s issues positive note on Hungary’s credit profile

Hungary’s credit profile is supported by strong economic growth and the government’s policy of reducing the budget deficit and government debt as well as by the significant reduction of external vulnerabilities, Moody’s said in a research announcement. Some local media attributed the positive assessment surprising since Moody’s had abstained from upgrading Hungary’s sovereign rating on […]

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19.11.2019

New car sales surge by 16.9% y/y in Slovakia

New car sales surged by 16.9% y/y to 9,436 units in October, thus accelerating from 7.3% y/y increase in September and reporting the fastest annual pace of increase since August 2018, the European Automobile Manufacturers’ Association (ACEA) latest figures published today showed. New passenger car registrations thus increased by 2.5% y/y to 85,854 units in […]

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19.11.2019

Bulgarian trade unions consider going on strike

Two of the main trade unions, KNSB and Podkrepa, consider going on strike against the government’s decision to make the first day of the sick leaves unpaid, local media reported. The teachers’ trade union also threatened that they will close schools. The trade unions insist on the holding of an urgent meeting with PM Boyko […]

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19.11.2019

Italy’s A2A to exit Montenegrin state utility EPCG by year-end

The Italian power firm A2A will have no holdings in the state utility EPCG by the end of this year, the state TV reported. The Italians currently own only 3.2% of the utility and its remaining shares in EPCG will be purchased by the government or by the state utility itself by year-end. The government […]

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19.11.2019

Ukraine reject Gazprom’s contract proposal

Russia’s Gazprom yesterday officially proposed to Ukraine extending the current gas transit contract, which expires at end-2019, by one year or signing a new one-year contract. Gazprom also offered dropping financial claims against each other as a necessary condition for an agreement. This includes the disputes in the Stockholm international arbitration, as well as the […]

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19.11.2019

Romanian Nuclearelectrica says dividend will affect investment plans

The state-controlled nuclear power generator Nuclearelectrica says that granting additional dividend this year will affect its investment plan and severely jeopardize upgrade potential of the first nuclear reactor in the Cernavoda plant, according to a company’s release. Such demands from shareholders might lead to hindering the company’s financing resources and affect its long-term development. In […]

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19.11.2019

Czech cabinet approves 7% digital tax

The cabinet approved the introduction of a 7% tax on online advertising revenue, according to an announcement after a cabinet meeting. The tax will take effect as of the middle of 2020 and will have a limited duration, at least in this phase, until 2024. It will cover companies with annual global revenue at EUR750m […]

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19.11.2019

In Poland share of renewable energy grows

Lithuania's central bank forecasts budget deficit after years of surplus

Hungary to boast the strongest GDP growth in Europe

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19.11.2019

Croatian teachers announce national-wide strike

Teachers’ unions did not strike on Monday due to the 28th anniversary of the fall of Vukovar in the Homeland War, and union representatives announced a nation-wide strike of primary and secondary teachers for today. The leader of the national union of secondary school teachers, Branimir Mihalinec, said that the new round of the strike […]

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(Tristan Taussac, CC BY-ND)

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19.11.2019

Exports are improving Poland’s trade balance

Despite the slowdown in the external environment of the Polish economy, in the Q1’19 the rate of growth of Polish exports remained high. Mainly due to goods which have only recently been included in Polish exports.

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