Bulgaria: gambling sector thrives

Varna, Bulgaria (karel291, CC BY)

Hungary’s debt at 73.6 per cent of GDP at the end of 2017

Croatia’s Ombudswoman: 20 per cent of citizens at risk of poverty

Bulgaria

The gambling sector thrives in Bulgaria. Novinite.com informs that during the last 10 years its revenues have doubled. Only in 2017, it reached BGN3bn (EUR1.5bn). In 2016, the companies operating in the sector paid only BGN177m (EUR90.4m) in taxes. The portal informs that the scratching tickets generate the biggest profits.

The portal quotes Moody’s Amadeus report that reveals there are 1,327 companies “engaged in betting and gambling in the country”. According to the report, “The final owners of the companies are calculated through system algorithms. From there, it is clear that the three largest gaming clusters are grouped around companies of Vasil Bozhkov (New Gaming AD, Eurobet Ltd., National Lottery AD, etc.), Sudi Ozkan (Princess Svilengrad AD, Star Princess JSC, etc.) and Sanevian OOD (Wynn City EOOD, Bookmaker 1 Ltd., etc.).”

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Hungary

The Budapest Business Journal informs that Hungaryʼs state debt decreased. According to the preliminary data released by the National Bank of Hungary (MNB), at the end of 2017 gross consolidated state debt, calculated according to Maastricht rules and including the liabilities of state-owned Magyar Eximbank, was 73.6 per cent of GDP. At the end of 2016, the figure was 76.0 per cent of GDP. As reported, Excluding Magyar Eximbank, the debt was 71.7 per cent of GDP.

The portal explains: “The MNB recently started publishing separate state debt ratios, with and without the balance sheet of Magyar Eximbank, in line with a decision by Eurostat, the EUʼs statistics office, which has maintained for years that the state-owned export financing institution should be reclassified inside the general government sector, raising state debt”.

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Croatia

The Total-Croatia informs that 20 per cent of Croatia’s citizens are at risk of poverty. The most vulnerable are older people, who do not get welfare benefits that would let them meet their needs. This is the main finding of the report presented by Lora Vidović, the country’s Ombudswoman. Mrs. Vidović made 231 recommendations to “systemically eradicate problems in that regard”.

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What’s up in indexes

BET (of Bucharest) decreased from 8,726.67 index points Monday, April 2nd to 8,742.58 index points Tuesday, April 3rd. It’s down 0.30 per cent d/d and up 7.20 per cent y/y.

BUX (of Budapest) increased from 37,258.90 index points Thursday, March 29th to 37,868.00 index points Tuesday, April 3rd. It’s up 1.63 per cent d/d and up 19.13 per cent y/y.

CROBEX (of Zagreb) decreased from 1,804.97 index points Thursday, March 29th to 1,798.11 index points Tuesday, April 3rd. It’s down 0.38 per cent d/d and down 9.45 per cent y/y.

OMXR (of Riga) decreased from 1,046.18 index points Thursday, March 29th to 1,044.35 index points Tuesday, April 3rd. It’s down 0.17 per cent d/d and up 34.30 per cent y/y.

OMXT (of Tallinn) decreased from 1,269.20 index points Thursday, March 29th to 1,266.78 index points Tuesday, April 3rd. It’s down 0.19 per cent d/d and up 12.87 per cent y/y.

OMXV (of Vilnius) increased from 702.25 index points Thursday, March 29th to 708.74 index points Tuesday, April 3rd. It’s up 0.92 per cent d/d and up 25.35 per cent y/y.

PX (of Prague) decreased from 1,123.89 index points Thursday, March 29th to 1,116.66 index points Tuesday, April 3rd. It’s down 0.64 per cent d/d and up 13.34 per cent y/y.

SAX (of Bratislava) decreased from 329.51 index points Thursday, March 29th to 329.40 index points Tuesday, April 3rd. It’s down 0.03 per cent d/d and up 7.40 per cent y/y.

SOFIX (of Sofia) increased from 649.17 index points Thursday, March 29th to 653.14 index points Tuesday, April 3rd. It’s up 0.61 per cent d/d and up 3.16 per cent y/y.

UX (of Kyiv) increased from 1,665.63 index points Monday, April 2nd to 1,688.34 index points Tuesday, April 3rd. It’s up 1.37 per cent d/d and up 58.40 per cent y/y.

WIG20 (of Warsaw) increased from 2,210.38 index points Thursday, March 29th to 2,239.15 index points Tuesday, April 3rd. It’s up 1.30 per cent d/d and up 0.87 per cent y/y.

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