51 per cent Bulgarians approve the introduction of the EUR

Many respondents in CEE countries believe that the introduction of the euro will raise prices (Sofia Ladies' Market, Kevin Walsh/CC BY)
Many respondents in CEE countries believe that the introduction of the euro will raise prices (Sofia Ladies' Market, Kevin Walsh/CC BY)
(Alex Guibord, CC BY-ND)

Polish holding to finance fintech start-ups in Romania

Latvia launches AI systems in the public e-services

Bulgaria

51 per cent of Bulgarians approve the potential introduction of the EUR – Novinite.com reports on the findings of the most recent Eurobarometer survey. It was conducted between 11th and 12th April 2018, by TNS, in seven EU member states. The data shows that just half of the Bulgarians surveyed expect the EUR “to become the official currency for the country in the coming 5 years”.

As far as other CEE countries are concerned, the biggest support for the single currency was observed in Romania (70 per cent respondents approve the EUR). In Hungary, 59 per cent supports EUR. According to the report, in countries like Croatia and Poland the opposition exceeds the support: 50 per cent vs. 47 per cent and 50 per cent vs. 48 per cent, respectively.

“Most respondents in all countries believe that the introduction of the EUR will raise prices, ranging from 74 per cent in Croatia to 51 per cent in Hungary,” the report says.

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Latvia

Latvia’s government will spend EUR990,000 on integration of artificial intelligence (AI) systems in the e-services provided by the public administration institution – the Baltic Course reports, quoting Latvian Ministry of Environment and Regional Development (VARAM). According to the report, there are more than 500 public e-services available in the country.

The first public authority in Latvia to introduce AI solutions was Latvian Enterprise Register. On June 13th it introduced Una – the virtual assistant. Una’s task is to support people who want to find out how to establish or dissolve a company in Latvia.

The portal quotes Guna Paidere, Chief Notary Public of the Register, who explained that “Una will be communicating with customers in writing around the clock, responding to routine questions about foundation and liquidation of companies and organizations.”

Una is a pilot project implemented in cooperation with the IT company Tilde. The number of people who visit the website of the Enterprise Registry is 10,000-12,000 monthly.

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Romania

Polish financial holding, Aforti Holding expands its operations in Romania. According to Romania Insider, the company plans to launch a new unit – Aforti Finance. The firm would be a non-banking financial institution financing start-ups and SMEs, especially in the sector of financial technology.

It’s the second investment of the Polish company in Romania. In June 2017 it registered its subsidiary – Aforti Exchange Romania. It’s a fintech company offering online foreign exchange services. As reported, in 7 months the subsidiary reached a monthly turnover of EUR3m monthly.

The portal quotes Aleksandra Wodzisławska, President of the Board at Aforti Exchange: “Romania has exceeded all our expectations when it comes to the dynamism of the market. We see Romanian entrepreneurs as very receptive to try new financial solutions and to explore alternatives to traditional banking services”.

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What’s up in indexes

BET (of Bucharest) increased from 8,287.30 index points Tuesday, June 12th to 8,290.81 index points Wednesday, June 13th. It’s up 0.01 per cent d/d and down 1.84 per cent y/y.

BUX (of Budapest) decreased from 36,348.00 index points Tuesday, June 12th to 35,869.00 index points Wednesday, June 13th. It’s down 1.32 per cent d/d and up 0.79 per cent y/y.

CROBEX (of Zagreb) decreased from 1,824.88 index points Tuesday, June 12th to 1,821.17 index points Wednesday, June 13th. It’s down 0.20 per cent d/d and up 0.09 per cent y/y.

OMXR (of Riga) increased from 1,042.07 index points Tuesday, June 12th to 1,055.04 index points Wednesday, June 13th. It’s up 1.24 per cent change d/d and up 22.93 per cent y/y.

OMXT (of Tallinn) increased from 1,258.11 index points Tuesday, June 12th to 1,258.61 index points Wednesday, June 13th. It’s up 0.04 per cent d/d and up 11.13 per cent y/y.

OMXV (of Vilnius) increased from 712.82 index points Tuesday, June 12th to 713.33 index points Wednesday, June 13th. It’s up 0.07 per cent d/d and up 20.01 per cent y/y.

PX (of Prague) increased from 1,078.94 index points Tuesday, June 12th to 1,082.02 index points Wednesday, June 13th. It’s up 0.29 per cent d/d and up 8.06 per cent y/y.

SAX (of Bratislava) decreased from 329.18 index points Tuesday, June 12th to 326.52 index points Wednesday, June 13th. It’s down 0.81 per cent d/d and up 4.81 per cent y/y.

SOFIX (of Sofia) increased from 632.33 index points Tuesday, June 12th to 634.71 index points Wednesday, June 13th. It’s up 0.38 per cent d/d and down 6.80 per cent y/y.

UX (of Kyiv) decreased from 1,622.58 index points Tuesday, June 12th to 1,571.18 index points Wednesday, June 13th. It’s down 3.17 per cent d/d and up 51.41 per cent y/y.

WIG20 (of Warsaw) decreased from 2,252.39 index points Tuesday, June 12th to 2,238.94 index points Wednesday, June 13th. It’s down 0.60 per cent d/d and down 2.76 per cent y/y.

 

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