Bucharest subway may be closed due to a strike

Bucharest, Romania (jaime.silva, CC BY-NC-ND)

IMF: Ukraine’s forex reserves should reach USD30bn

Croatia’s government presented a set of tax changes

Romania

Romania Insider informs about the planned strike of the Bucharest subway employees, as they failed to reach an agreement with Transport Ministry and the company’s management on wage increases.

The subway employees’ union informed they hope to reach an agreement with the company’s management in the next two days and to cancel the strike.

In Bucharest over 500,000 people use the subway every day.

Read more

Ukraine

The International Monetary Fund (IMF) claims that Ukraine’s forex reserves should “be around” USD30bn so that the government could support macroeconomic stability.

The Interfax reports that in October 2018 Ukraine’s international reserves “increased 0.6 per cent and as of November 1 amounted to USD16.737bn. After receiving funds from the placement of Eurobonds in early November, the level of reserves increased to USD18.069bn, which is enough for 3 months of Current External Payments (CXP)”.

The agency quotes Goesta Ljungman, Resident Representative of the IMF in Ukraine, who said: “Our assessment is that for a country like Ukraine reserves are still too low. They should be more around USD30bn. This is not an exact figure, so in that sense, the policy of the central bank in buying hard currency is a positive one”.

Read more

Croatia

Croatian government plans to introduce changes to the tax code. It’s another step of the tax reform, which became effective on January 1st, 2017. The Total Croatia News informs that a set of changes was presented in parliament by Finance Minister Zdravko Maric.

The changes apply to: VAT, property sales, excise tax, profit tax, income tax, contributions, cash transactions fiscalization, general tax law and administrative cooperation in taxation. For e.g., the VAT rate of 5 per cent would apply to all medicines (regardless of whether they’re prescription or non-prescription ones), the rate 13 per cent would apply to services and copyright-related rights. Moreover, VAT rate of 13 per cent would be extended to include fresh and chilled meat, fish, fruit and vegetables, eggs, live animals deliveries and children’s diapers. The government wants to increase the annual amount of non-taxable receipts from HRK2,500 to HRK7,500.

Read more

What’s up in indexes

BET (of Bucharest) decreased from 8,573.66 index points Thursday, November 15th to 8,582.41 index points Friday, November 16th. It’s down 0.02 per cent d/d and up 11.13 per cent y/y.

BUX (of Budapest) increased from 39,070.97 index points index points Thursday, November 15th to 39,328.39 index points Friday, November 16th. It’s up 0.66 per cent d/d and up 0.89 per cent y/y.

CROBEX (of Zagreb) increased from 1,749.13 index points Thursday, November 15th to 1,756.44 index points Friday, November 16th. It’s up 0.42 per cent d/d and down 2.90 per cent y/y.

OMXR (of Riga) increased from 931.08 index points Thursday, November 15th to 941.64 index points Friday, November 16th. It’s up 1.13 per cent d/d and down 8.72 per cent y/y.

OMXT (of Tallinn) increased from 1,188.00 index points Thursday, November 15th to 1,188.74 index points Friday, November 16th. It’s up 0.06 per cent d/d and down 3.14 per cent y/y.

OMXV (of Vilnius) increased from 639.89 index points Thursday, November 15th to 640.95 index points Friday, November 16th. It’s up 0.17 per cent d/d and down 3.05 per cent y/y.

PX (of Prague) decreased from 1,081.03 index points Thursday, November 15th to 1,080.53 index points Friday, November 16th. It’s down 0.05 per cent d/d up 2.44 per cent y/y.

SAX (of Bratislava) decreased from 331.11 index points Thursday, November 15th to 330.64 index points Friday, November 16th. It’s down 0.14 per cent d/d and up 2.31 per cent y/y.

SOFIX (of Sofia) decreased from 595.74 index points Thursday, November 15th to 595.31 index points Friday, November 16th. It’s down 0.07 per cent d/d and down 11.00 per cent y/y.

UX (of Kyiv) increased from 1796.53 index points  Thursday, November 15th to 1,797.89 index points Friday, November 16th. It’s up 0.08 per cent d/d and up 41.65 per cent y/y.

WIG20 (of Warsaw) decreased from 2,202.91 index points  Thursday, November 15th to 2,165.46 index points Friday, November 16th. It’s down 1.70 per cent d/d and down 10.19 per cent y/y.

Share this post

TOP