Air pollution in Bucharest before the EU Court of Justice

Smog particles in Bucharest, Romania (Bart Bernardes, CC BY-NC-ND)

8,400 Latvian families with state-guaranteed housing loans

Polish Business Council reveals a profile of a typical entrepreneur

Romania

The European Commission (EC) claims that air pollution levels in the Romanian capital Bucharest have been “persistently exceeded ever since the EU law became applicable to Romania”. Romania Insider reports that according to EC this happened in 38 days of 2016. EC decided to refer Romania to the Court of Justice of the EU for failing to meet air quality standards.

Romania Insider points out that the infringement procedures on air quality have been opened against 6 other member states: France, Germany, UK, Hungary, Italy, and Romania.

On May 17th Romania’s Environment Ministry announced that the integrated air quality plan for Bucharest will be adopted by the end of July 2018.

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Latvia

The Baltic Course informs that 8,400 Latvian families with 12,000 children have received state-guaranteed housing loans since 2015. The total amount of the guarantees has reached EUR58m. At the same time, the total value of mortgage loans issued by banks exceeds EUR500m.

According to Latvian development finance institution Altum, 61 per cent of loans were granted to families with one child, 32 per cent to families with two children, and 7 per cent to families with three or more children.

As reported 96 per cent of families used the loan to purchase apartments, while 4 per cent took the loan for construction of their home. The portal explains that the state guarantees are available to families with children or young professionals looking for a mortgage loan to buy their first home.

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Poland

A typical Polish entrepreneur is a man, aged 45, with a secondary education, runs its own business and has at least one employee. This a profile of an average Polish entrepreneur sketched by the Polish Business Council (PBC). A report commissioned by the PBC shows that Polish entrepreneurs generate over a third of the country’s GDP. In 2017, as reported, there were 662,000 entrepreneurs in Poland running 884,000 companies. In total, they were employing 3.9 million people.

The data shows that in 2016, the country’s entrepreneurs invested in their businesses a total of PLN145bn (EUR 33.7bn).

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What’s up in indexes

BET (of Bucharest) increased from 8,628.99 index points Wednesday, May 16th to 8,577.20 index points Thursday, May 17th. It’s up 0.07 per cent d/d and up 1.43 per cent y/y.

BUX (of Budapest) decreased from 37,575.00 index points Wednesday, May 16th to 37,538 index points Thursday, May 17th. It’s down 0.10 per cent d/d and up 9.93 per cent y/y.

CROBEX (of Zagreb) increased from 1,844.19 index points Wednesday, May 16th to 1,845.70 index points Thursday, May 17th. It’s up 0.08 per cent d/d and up 1.17 per cent y/y.

OMXR (of Riga) decreased from 1,073.15 index points Wednesday, May 16th to 1,040.80 index points Thursday, May 17th. It’s down 3.01 per cent d/d and up 23.81 per cent y/y.

OMXT (of Tallinn) increased from 1,259.07 index points Wednesday, May 16th to 1,261.13 index points Thursday, May 17th. It’s up 0.16 per cent d/d and up 12.97 per cent y/y.  

OMXV (of Vilnius) increased from 708.17 index points Wednesday, May 16th to 710.90 index points Thursday, May 17th. It’s up 0.39 per cent d/d and up 22.16 per cent y/y.

PX (of Prague) increased from 1,106.06 index points Wednesday, May 16th to 1,107.39 index points Thursday, May 17th. It’s up 0.12 per cent d/d and up 8.50 per cent y/y.

SAX (of Bratislava) increased from 329.85 index points Wednesday, May 16th to 332.44 index points Thursday, May 17th. It’s up 0.79 per cent d/d and up 9.00 per cent y/y.

SOFIX (of Sofia) increased from 642.57 index points Wednesday, May 16th to 649.98 index points Thursday, May 17th. It’s up 1.15 per cent d/d and down 1.81 per cent y/y.

UX (of Kyiv) increased from 1,805.54 index points Wednesday, May 16th to 1,830.01 index points Thursday, May 17th. It’s up 1.36 per cent d/d and up 96.87 per cent y/y.

WIG20 (of Warsaw) decreased from 2,275.91 index points Wednesday, May 16th to 2,255.78 index points Thursday, May 17th. It’s down 0.88 per cent d/d and down 2.02 per cent y/y.

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