A computer system will fill tax return forms for Polish citizens

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Hungarian energy giant should pay EUR186m dividend

Chinese bank to enter the Lithuanian market

 

Poland

This is a long-awaited improvement. Starting from March 15th, 2017, Polish citizens won’t be obliged to fill in complicated tax return forms each year. The Finance Ministry informed that they will just have to provide personal financial information – for example tax deductibles and number of children, and then the special system will complete the forms on behalf of them.

It will take up to 5 days for the machine to complete the form. After that period, the tax return forms will be send to citizens for the review.

It is expected some 13 million people will try the system in 2017.

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Hungary

Hungarian Portfolio.hu informs that the Annual General Meeting of MOL will take place on April 13th, 2017. The Board of Directors of the oil company has proposed to raise the 2016 dividend to HUF58bn (EUR186m). In 2016 MOL paid in dividend some HUF55bn and two years ago some HUF50bn. 

After the decision is approved on April 13th, MOL will pay some HUF625 for each share (Dividend Per Share, DPS).

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Lithuania

Baltic Course reports, after Lithuanian agency Leta, that the banking sector prepares to welcome a new financial institution. Experts expect it could be a Chinese bank.

The information of the newcomer was confirmed by the Lithuanian central bank Governor Vitas Vasiliauskas, but no further details were revealed. Baltic Course quotes Mr. Vasiliauskas saying “When you meet with those interested in entering the market in the future, you see the seriousness of their intentions. As I’ve said, we believe that one (company) is rather seriously interested. We expect that this could happen this year, but I don’t want to make any promises”.

Lithuanian press speculate the bank could be a company related to the Hong-Kong based financial technology company International Business Settlement (IBS). There is a finance corporation China Merchants Group (CMG) among the shareholders of IBS. The CMG has earlier expressed its interests in the Lithuanian port of Klaipeda.  

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What’s up in indexes

BET (of Bucharest) increased from 7,890.26 index points Tuesday, March 14th to 7,951.90 index points Wednesday, March 15th. It was up 0.78 per cent d/d and up 20.07 per cent y/y.

There was no trading at the BSE (of Budapest) March 15th. The day before BUX closed at 32,636.18 index points. It’s up 27.42 per cent y/y.

CROBEX (of Zagreb) decreased from 2,219.10 index points Tuesday, March 14th to 2,172.23 index points Wednesday, March 15th. It was down 2.11 per cent d/d and up 37.41 per cent y/y.

OMXR (of Riga) decreased from 773.95 index points Tuesday, March 14th to 772.07 index points Wednesday, March 15th. It was down 0.24 per cent d/d and up 22.08 per cent y/y.

OMXT (of Tallinn) increased from 1,115.85 index points Tuesday, March 14th to 1,118.94 index points Wednesday, March 15th. It was up 0.28 per cent d/d and up 17.26 per cent y/y.

OMXV (of Vilnius) increased from 560.17 index points Tuesday, March 14th to 560.75 index points Wednesday, March 15th. It was up 0.10 per cent d/d and up 12.27 per cent y/y.

PX (of Prague) increased from 978.59 index points Tuesday, March 14th to 979.19 index points Wednesday, March 15th. It was up 0.06 per cent d/d and up 7.60 per cent y/y.

SAX (of Bratislava) closed at 305.69 index points Wednesday, March 15th. So it’s zero per cent change d/d. At the same time the index was down 5.52 per cent y/y.

SOFIX (of Sofia) increased from 619.37 index points Tuesday, March 14th to 623.28 index points Wednesday, March 15th. It was  up 0.63 per cent d/d and up 39.46 per cent y/y.

UX (of Kyiv) decreased from 932.77 index points Tuesday, March 14th to 930.65 index points Wednesday, March 15th. It was down 0.23 per cent d/d and up 42.07 per cent y/y.

WIG20 (of Warsaw) decreased from 2,238.38 index points Tuesday, March 14th to 2,229.87 index points Wednesday, March 15th. It was down 0.38 per cent d/d and up 16.99 per cent y/y.

 

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