Bulgarians and Romanians free to work in Switzerland

Zürich, Switzerland (Mélanie, CC BY-NC)

Russia imposes sanctions on Ukraine, EU opposes it

Estonian money laundering affects other branches of Danske Bank

Bulgaria and Romania

Switzerland will change its labor market restrictions for citizens of Bulgaria and Romania at the end of May 2019 — the Sofia Globe informs. The portal points out that although the country had lifted labor movement restrictions in June 2016, it kept in place a proviso that under certain circumstances restrictions could be imposed up to 2019. In the middle of 2017 the number of work permits for Bulgarians and Romanians was limited, due to the growing number of migrants.

Read more

Ukraine

The European Union protests over sanctions on Ukrainian individuals and companies, introduced on November 1st. Russia has imposed sanctions on 322 Ukrainians (i.e. judges of the Constitutional Court of Ukraine, deputies of the Verkhovna Rada etc.) and 68 Ukrainian companies.

The Interfax quotes the press release of the Delegation of the European Union to Ukraine: “The Russian government’s decision to introduce financial measures against Ukrainian individuals and companies is groundless. There is a need to avoid steps aimed at aggravating the situation and undermining the search for a decision for the sake of restoring the territorial integrity of Ukraine”.

Read more

Estonia

As a result of the ongoing money laundering scandal in which the Estonian branch of Danske Bank is embroiled, the Norwegian branch of Danske Bank has spent more time explaining things to existing customers than finding new ones, Trond Mellingsæter, head of Danske’s Norwegian branch, told Norway’s E24

News portal Err.ee reports that criminal investigations have been launched in Estonia and other countries regarding up to over EUR200bn in suspicious transactions that moved through the Estonian branch of the Danish-based Danske Bank between 2007 and 2015.

An audit ordered by Danske Bank identified that most of the 10,000 non-resident customers of the bank’s Estonian branch were suspicious and it is likely that most of the transaction flow of the bank was also problematic.

Read more

What’s up in indexes

BET (of Bucharest) increased from 8,550.34 index points Thursday, November 1st to 8,563.37 index points Friday, November 2nd. It’s up 0.15 per cent d/d and up 10.12 per cent y/y.

Friday, November 2nd was a non-trading day at Budapest Stock Exchange. BUX (of Budapest) closed at 37,155.21 index points Wednesday, October 31st. It’s down 6.20 per cent y/y.

CROBEX (of Zagreb) decreased from 1,779.13 index points Wednesday, October 31st to 1,769.80 index points Friday, November 2nd. It’s down 0.52 per cent d/d and down 1.53 per cent y/y.

OMXR (of Riga) increased from 954.71 index points Thursday, November 1st to 957.04 index points Friday, November 2nd. It’s up 0.24 per cent d/d and down 6.56 per cent y/y.

OMXT (of Tallinn) increased from 1,192.11 index points Thursday, November 1st to 1,194.58 index points Friday, November 2nd. It’s up 0.21 per cent d/d and down 2.58 per cent y/y.

OMXV (of Vilnius) increased from 651.01 index points Wednesday, October 31st to 655.62 index points Friday, November 2nd. It’s up 0.71 per cent d/d and down 1.49 per cent y/y.

PX (of Prague) decreased from 1,070.59 index points Thursday, November 1st to 1,067.73 index points Friday, November 2nd. It’s down 0.27 per cent d/d up 0.14 per cent y/y.

SAX (of Bratislava) increased from 334.06 index points Wednesday, October 31st to 334.51 index points Friday, November 2nd. It’s up 0.13 per cent d/d and up 4.99 per cent y/y.

SOFIX (of Sofia) increased from 596.58 index points Thursday, November 1st to 596.80 index points Friday, November 2nd. It’s up 0.04 per cent d/d and down 10.94 per cent y/y.

UX (of Kyiv) closed at 1,743.54 index points Friday, November 2nd. It’s 0 per cent change d/d and up 39.61 per cent y/y.

WIG20 (of Warsaw) increased from 2,151.88 index points Wednesday, October 31st to 2,197.68 index points Friday, November 2nd. It’s up 2.13 per cent d/d and down 12.14 per cent y/y.

Share this post

TOP