Croatia: 38 per cent increase in new car sales

Companies operating in Lithuania with EUR5.5bn profits in 2017

Poland: Europe-Ukraine Forum

Croatia

The Total Croatia News informs that 7,546 new cars were sold in Croatia in January and February 2018. It’s up 38 per cent y/y. In February alone 3,840 units were sold (up 46 per cent y/y). That’s the result of the tax changes that came into force in January 2018.

The data from the Promocija Plus marketing agency show that the best-selling vehicles were produced by Volkswagen (1,123 units sold), Skoda (1,019 units sold) and Suzuki (648 units sold).

The portal reminds that in January 2018 the changes and amendments to the Motor Vehicles Excise Tax Act came into force in Croatia. It lowered the excise duty on used and new vehicles.

https://www.total-croatia-news.com/business/26535-after-tax-changes-croatia-records-38-increase-in-new-car-sales

Lithuania

The Baltic Course informs that non-financial companies operating in Lithuania posted EUR5.5bn in pre-tax profits in 2017. As the Statistics Lithuania informs the firms’ revenues were EUR79.9bn.

According to The Baltic Course only in Q4’17 revenues of non-financial companies were EUR21.9bn (up 7.1 per cent q/q). Their pre-tax profits were EUR1.1bn (down 23.7 per cent q/q).

http://www.baltic-course.com/eng/good_for_business/?doc=138395

Poland

In Rzeszów, southeast Poland, the 11th Europe-Ukraine Forum started. As the Polish Radio reports, the discussion panels and debates will focus on EU’s accession agreement with Ukraine that came into force in 2017 (the Association Agreement), the modernization and development of Ukraine.

The Foundation Institute for Eastern Studies, the organizer of the Forum, points out that “the economic and political cooperation [of Ukraine] with western countries has become very active. However, the poorly visible effects of reforms, deepening political divisions, instability of the economy and widespread neediness cause increasing dissatisfaction in society. In 2018 there is still the question whether Ukraine will use the opportunities created by cooperation with the EU.”

http://www.thenews.pl/1/12/Artykul/353610,EuropeUkraine-Forum-held-in-eastern-Poland

http://www.forum-ekonomiczne.pl/xi-forum-europa-ukraina/?lang=en

What’s up in indexes

BET (of Bucharest) increased from 8,569.57 index points Friday, March 9th to 8,569.57 index points Monday, March 12th. It’s up 1.09 per cent d/d and up 8.61 per cent y/y.

BUX (of Budapest) increased from 38,411.50 index points Friday, March 9th to 38,822.65 index points Monday, March 12th. It’s up 1.07 per cent d/d and up 18.77 per cent y/y.

CROBEX (of Zagreb) decreased from 1,857.70 index points Friday, March 9th to 1,844.90 index points Monday, March 12th. It’s down 0.69 per cent d/d and down 14.99 per cent y/y.

OMXR (of Riga) decreased from 1,045.29 index points Friday, March 9th to 1,016.98 index points Monday, March 12th. It’s down 2.71 per cent d/d and up 31.88 per cent y/y.

OMXT (of Tallinn) decreased from 1,310.46 index points Friday, March 9th to 1,305.17 index points Monday, March 12th. It’s down 0.40 per cent d/d and up 16.48 per cent y/y.

OMXV (of Vilnius) decreased from 684.54 index points Friday, March 9th to 684.43 index points Monday, March 12th. It’s down 0.02 per cent d/d and up 22.25 per cent y/y.

PX (of Prague) increased from 1,123.60 index points Friday, March 9th to 1,128.13 index points Monday, March 12th. It’s up 0.40 per cent d/d and up 15.36 per cent y/y.

SAX (of Bratislava) decreased from 335.10 index points Friday, March 9th to 335.05 index points Monday, March 12th. It’s down 0.01 per cent d/d and up 7.34 per cent y/y.

SOFIX (of Sofia) decreased from 685.86 index points Friday, March 9th to 681.36 index points Monday, March 12th.  It’s down 0.66 per cent d/d and up 9.99 per cent y/y.

UX (of Kyiv) increased from 1,611.53 index points Wednesday, March 7th to 1,632.91 index points Monday, March 12th. It’s up 1.33 per cent d/d and up 76.49 per cent y/y.

WIG20 (of Warsaw) increased from 2,354.54 index points Friday, March 9th to 2,378.72 index points Monday, March 12th. It’s up 1.03 per cent d/d and up 8.12 per cent y/y.

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