Bulgaria takes the leadership of the EU

(sapviktor, CC)

Latvia: Anti-money laundering agency froze EUR45.6m in 2017

IT specialists needed in Romania

Bulgaria

On January 11th Bulgaria starts its Presidency of the Council of the European Union. Novinite.com informs that an official opening in Sofia will take place. Prior to the opening Bulgarian Prime Minister Boyko Borisov will meet with the European Council President Donald Tusk.

As reported, the main challenges that Bulgaria’s Presidency will face are the development of the digital economy in Europe, the future of Europe and young Europeans, the prospects for the Western Balkans and the security and stability of the European Union.

Bulgaria became the member of the European Union in 2007 but is not part of the Schengen Area and did not adopted Euro currency. According to the Eurostat in 2018 Bulgaria’s economy is “set to continue its steady growth, driven mainly by private and public consumption”. It’s GDP growth is projected 3.8 per cent in 2018 and 3.6 per cent in 2019.

Novinite.com informs that in the following months Bulgaria will host more than 460 meetings and events connected to its Presidency. About 25,000 guests will visit the country.

>>More

Latvia

The Latvian AML authorities froze EUR45.6m in 2017. It’s EUR9m more than in 2016. The Latvian Office for Prevention of Laundering of Proceeds Derived from Criminal Activity sent materials of 225 suspected money laundering cases to law enforcement agencies in 2017.

The head of the Office, Mr. Viesturs Burkans, informs that 85 criminal procedures were launched by the end of 2017 – basing on the materials. Since its establishment in 2005, the Office was mainly focused on large fraud schemes. Nevertheless, in recent years, the criminals have changed their modus operandi.

“Last year we saw a slight drop in large fraud schemes. The criminals have learned their lessons. The schemes have become faster and are no longer that big,” Mr. Burkans comments.

>>More

Romania

Romania is looking for IT specialists. Each year the demand is getting bigger. Romania Insider reports that in January 2017 there were 2,500 hiring offers for programmers and software developers and 1,950 offers for IT managers on one of the biggest online recruiting platforms. The total number of job offers available in January 2018 in Romania was 11,400. It January 2017 it was 7,650. Also, salaries in the IT sector are among the highest in Romania.

As reported, most of the jobs are offered in Bucharest, Timisoara and Cluj-Napoca.

>>More

What’s up in indexes

BET (of Bucharest) increased from 7,982.75 index points Monday, January 8th to 8,019.77 index points Tuesday, January 9th. It’s up 0.46 per cent d/d and up 10.46 per cent y/y.

BUX (of Budapest) decreased from 39,870.00 index points Tuesday, January 9th to 39,651.23 index points Tuesday, January 10th. It’s down 0.55 per cent d/d and up 20.04 per cent y/y.

CROBEX (of Zagreb) decreased from 1,859.99 index points Tuesday, January 9th to 1,857.69 index points Wednesday, January 10th. It’s down 0.12 per cent d/d and down 8.40 per cent y/y.

OMXR (of Riga) increased from 1,029.27 index points Tuesday, January 9th to 1,030.87 index points Tuesday, January 10th. It’s up 0.16 per cent d/d and up 39.48 per cent y/y.

OMXT (of Tallinn) increased from 1,277.54 index points Tuesday, January 9th to 1,280.90 index points Tuesday, January 10th. It’s up 0.26 per cent d/d and up 18.62 per cent y/y.

OMXV (of Vilnius) increased from 665.40 index points Tuesday, January 9th to 667.03 index points Tuesday, January 10th. It’s up 0.24 per cent d/d and up 18.74 per cent y/y.

PX (of Prague) decreased from 1,104.48 index points Tuesday, January 9th to 1,101.73 index points Tuesday, January 10th. It’s down 0.25 per cent d/d and up 18.97 per cent y/y.

SAX (of Bratislava) increased from 327.39 index points Tuesday, January 9th to 336.01 index points Tuesday, January 10th. It’s up 2.63 per cent change d/d and up 5.78 per cent y/y.

SOFIX (of Sofia) increased from 688.11 index points Tuesday, January 9th to 697.93 index points Tuesday, January 10th. It’s up 1.43 per cent d/d and up 14.59 per cent y/y.

UX (of Kyiv) increased from 1,380.47 index points Tuesday, January 9th to 1,447.37 index points Tuesday, January 10th. It’s up 4.85 per cent d/d and up 80.59 per cent y/y.

WIG20 (of Warsaw) decreased from 2,528.38 index points Tuesday, January 9th to 2,511.27 index points Wednesday, January 10th. It’s down 0.68 per cent d/d and up 24.10 per cent y/y.

Share this post

TOP