Bulgaria expects more foreign tourists in 2018

Nesebar, Bulgaria (Złota Bułgaria, CC BY-NC-ND)

Ukraine: Net profit of banking sector up 87 per cent

Hungary: business confidence index continues to grow

Bulgaria

Bulgaria’s Ministry of Tourism expects that a number of foreign tourists will increase by 5 per cent y/y. “We expect a very good growth for tourists in the summer of 2018, which we cannot achieve without the active business partnership,” Novinite.com quotes Nikolina Angelova, the head of the ministry. Bulgaria has directed its digital advertising campaign to Germany, Israel, Poland, the Czech Republic, France and the USA, and the government expects that most of the tourists will come from those markets. In the summer 2017 more than 5.3 million foreign tourists visits were noted in Bulgaria.

The Ministry of Tourism expect that the number of Bulgarians travelling during the holiday season will grow. It is estimated that 1.9 million will be travelling this year (compared to 1.6 million in 2017).

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Ukraine

The Interfax informs, after the National Bank of Ukraine (NBU), that the net profit of solvent banks operating in Ukraine in May 2018 amounted to UAH2.088bn (EUR68m). In the first five months of 2018 the sector’s net profit reached UAH12.812bn (EUR418.8m) — up 87 per cent y/y. The NBU also reports that banks’ revenues in January-May 218 amounted to UAH78.275bn, while expenses were UAH65.463bn.

The combined financial result of the solvent banks amounted to UAH8.7bn, which was 2.7 times higher than the Q1’17.

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Hungary

The Budapest Business Journal informs that the Economic Sentiment Index (measured by research institute GKI) was the record high in June 2018. As reported, GKIʼs combined consumer and business confidence increased to 9.8 points in June 2018 — up from 8.3 points in May 2018. The standalone business confidence index increased from 13.8 points to 15.3 points.

“Business expectations in June were close to their peak reached in February, while consumer confidence remained only a little below its peak as well,” the BBJ writes.

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What’s up in indexes

BET (of Bucharest) decreased from 8,108.84 index points Friday, June 22nd to 7,971.32 index points Monday, June 25th. It’s down 1.70 per cent d/d and down 3.23 per cent y/y.

BUX (of Budapest) decreased from 35,396.62 index points Friday, June 22nd to 35,064.75 index points Monday, June 25th. It’s down 0.94 per cent d/d and down 1.89 per cent y/y.

Monday, June 25th was a non-trading day at Zagreb Stock Exchange. CROBEX (of Zagreb) closed at 1,838.51 index points Thursday, June 21th. It’s up 0.97 per cent y/y.

OMXR (of Riga) increased from 1,059.59 index points Friday, June 22nd to 1,059.69 index points Monday, June 25th. It’s up 0.01 per cent change d/d and up 11.88 per cent y/y.

OMXT (of Tallinn) increased from 1267.33 index points Friday, June 22nd to 1,274.89index points Monday, June 25th. It’s up 0.6 per cent d/d and up 12.45 per cent y/y.

OMXV (of Vilnius) increased from 711.87 index points Friday, June 22nd to 1,274.89 index points Monday, June 25th. It’s up 0.60 per cent change d/d and up 12.45 per cent y/y.

PX (of Prague) increased from 1,064.12 index points Friday, June 22nd to 1,066.40 index points Monday, June 25th. It’s up 0.21 per cent d/d and up 9.78 per cent y/y.

SAX (of Bratislava) closed at 326.52 index points Monday, June 25th. It’s 0 per cent change d/d and up 5.30 per cent y/y.

SOFIX (of Sofia) increased from 630.81 index points Friday, June 22nd to 632.40 index points Monday, June 25th. It’s up 0.25 per cent d/d and down 8.54 per cent y/y.

UX (of Kyiv) decreased from 1,580.88 index points Friday, June 22nd to 1,575.32 index points Monday, June 25th. It’s down 0.35 per cent d/d and up 47.20 per cent y/y.

WIG20 (of Warsaw) decreased from 2,162.88 index points Friday, June 22nd to 2,155.90 index points Monday, June 25th. It’s down 0.32 per cent d/d and down 6.45 per cent y/y.

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