Croatia: government wants to talk with trade unions on retirement age

Rijeka, Croatia (Slawomir Wawak, CC BY-SA)

Poland to cut CIT to 9 per cent

Lithuania: a minimum wage may reach EUR430

Croatia

Croatia’s Labor and Pension System Minister Marko Pavić asked trade unions for another round of talks about raising the retirement age, the Total Croatia News informs and points out that the representatives of trade unions “walked out of the first meeting” with Minister Marko Pavić, because he didn’t want to accept their recommendations – for example to reduce the pension eligibility age.

The portal explains that the comprehensive pension reform proposed by the cabinet of Andrej Plenković is “aimed at long-term sustainability of the pension system”. The plan is to move retirement age to 67 (as of 2031), introduce harsher penalties for early retirement and provide the option for people born after 1962 to choose whether they want to remain in both pillars of retirement savings or to transfer everything to the first, state-owned pillar.

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Poland

Poland’s government confirmed its plan to cut corporate income tax (CIT) for small and medium companies (SMEs) from 15 to 9 per cent. Jacek Sasin, head of the Government Standing Committee, said that the cabinet is ready to offer “a further injections of funds” to sole proprietors and others who run their own businesses.

The Polish Radio points out that the government has already lowered CIT rate — from 19 per cent to 15 per cent. The regulations took effect on January 1st, 2017.

The specific date of introducing the new CIT rate was not disclosed.

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Lithuania

Minimum wage in Lithuania will possibly go up to EUR420-430 in 2019, the Baltic Course informs. The portal quotes Lithuania’s Prime Minister Saulius Skvernelis who said that: “the Tripartite Council (consisting of the representatives of the government, employers and trade unions) should adopt the position that the minimum wage has to be linked to the Finance Ministry’s average monthly earnings projections”.

In 2018, the national minimum wage remained was EUR400 per month (EUR4800 per year).

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What’s up in indexes

BET (of Bucharest) increased from 8,291.67 index points Wednesday, September 19th to 8,354.33 index points Thursday, September 20th. It’s up 0.72 per cent d/d and up 5.51 per cent y/y.

BUX (of Budapest) decreased from 36,386.40 index points Wednesday, September 19th to 36,134.33 index points Thursday, September 20th. It’s down 0.69 per cent d/d and down 5.18 per cent y/y.

CROBEX (of Zagreb) decreased from 1,806.23 index points Wednesday, September 19th to 1,804.74 index points Thursday, September 20th. It’s down 0.08 per cent d/d and up 1.16 per cent y/y.

OMXR (of Riga) increased from 983.55 index points Wednesday, September 19th to 986.72 index points Thursday, September 20th. It’s up 0.32 per cent d/d and down 0.55 per cent y/y.

OMXT (of Tallinn) increased from 1,207.54 index points Wednesday, September 19th to 1,218.46 index points Thursday, September 20th. It’s up 0.90 per cent d/d and down 1.31 per cent y/y.

OMXV (of Vilnius) increased from 868.61 index points Wednesday, September 19th to 687.72 index points Thursday, September 20th. It’s up 0.16 per cent d/d and up 6.64 per cent y/y.

PX (of Prague) increased from 1,098.42 index points Wednesday, September 19th to 1,103.64 index points Thursday, September 20th. It’s up 0.48 per cent d/d and up 5.38 per cent y/y.

SAX (of Bratislava) increased from 325.29 index points Wednesday, September 19th to 328.07 index points Thursday, September 20th. It’s up 0.85 per cent d/d and down 2.12 per cent y/y.

SOFIX (of Sofia) decreased from 627.60 index points Wednesday, September 19th to 627.08 index points Thursday, September 20th. It’s down 0.08 per cent d/d and down 7.46 per cent y/y.

UX (of Kyiv) decreased from 1,641.83 index points Wednesday, September 19th to 1,635.36 index points Thursday, September 20th. It’s down 0.39 per cent d/d and up 44.14 per cent y/y.

WIG20 (of Warsaw) decreased from 2,259.10 index points Wednesday, September 19th to 2,258.63 index points Thursday, September 20th. It’s down 0.02 per cent d/d and down 9.64 per cent y/y.

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