Bulgaria wants to protect the poorest after entering the Eurozone

Sofia, Bulgaria (Lorenzo Blangiardi, CC BY-ND)

Latvia increased pensions

Hungary: PMI falls to 53.8

Bulgaria

Novinite.com reports the conclusions of a conference on Bulgaria’s membership in the Exchange Rate Mechanism (ERM), leading to adopt the EUR. As informed, the country “has less than a year to comply with the guidance of the European Central Bank and the European Union for entry into the Eurozone waiting room”. Experts claim that the poorest citizens would be affected the most by the introduction of the EUR because of the “rounding of prices”. That’s why they recommend establishing a control mechanism in order to ensure that the poor will get through it.

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Latvia

The Baltic Course informs that after an indexation on October 1st, 2018, pensions in Latvia increased from EUR8 to EUR23 on average.

Jana Muizniece from the Welfare Ministry informed that all pensions of up to EUR382 a month were subject to indexation.

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Hungary

Hungary’s Purchasing Managers’ Index (PMI) dropped from 56.0 points in August to 53.8 points in September 2018, the Budapest Business Journal informs after the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim).

The PMI is an indicator of economic health for manufacturing and service sectors. The portal points out that the index value above 50 points shows expansion in the manufacturing sector, while a value under 50 means contraction.

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What’s up in indexes

BET (of Bucharest) decreased from 8,502.48 index points Tuesday, October 2nd to 8,498.19 index points Wednesday, October 3rd. It’s down 0.05 per cent d/d and up 7.74 per cent y/y.

BUX (of Budapest) increased from 37,281.00 index points Tuesday, October 2nd to 37,213.00 index points Wednesday, October 3rd. It’s up 0.91 per cent d/d and down 1.83 per cent y/y.

CROBEX (of Zagreb) decreased from 1,782.80 index points Tuesday, October 2nd to 1,780.89 index points Wednesday, October 3rd. It’s down 0.11 per cent d/d and up 1.06 per cent y/y.

OMXR (of Riga) decreased from 986.88 index points Tuesday, October 2nd to 979.04 index points Wednesday, October 3rd. It’s down 0.79 per cent d/d and down 1.54 per cent y/y.

OMXT (of Tallinn) increased from 1,218.55 index points Tuesday, October 2nd to 1,222.15 index points Wednesday, October 3rd. It’s up 0.30 cent d/d and up 0.47 per cent y/y.

OMXV (of Vilnius) decreased from 685.18 index points Tuesday, October 2nd to 680.52 index points Wednesday, October 3rd. It’s down 0.68 per cent d/d and up 5.27 per cent y/y.

PX (of Prague) increased from 1,099.12 index points Tuesday, October 2nd to 1,107.28 index points Wednesday, October 3rd. It’s up 0.74 per cent d/d up 5.33 per cent y/y.

SAX (of Bratislava) increased 328.54 index points Tuesday, October 2nd to 329.01 index points Wednesday, October 3rd. It’s up 0.14 per cent d/d and up 3.53 per cent y/y.

SOFIX (of Sofia) decreased from 628.49 index points Tuesday, October 2nd to 622.17 index points Wednesday, October 3rd. It’s down 1.01 per cent d/d and down 8.59 per cent y/y.

UX (of Kyiv) increased from 1,647.02 index points Tuesday, October 2nd to 1,652.11 index points Wednesday, October 3rd. It’s up 0.31 per cent d/d and up 33.75 per cent y/y.

WIG20 (of Warsaw) increased from 2,280.04 index points Tuesday, October 2nd to 2298.20 index points Wednesday, October 3rd. It’s up 0.80 per cent d/d and down 6.94 per cent y/y.

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