Croatia ready to enter ERM

Croatian National Bank Governor Boris Vujčić meets IMF Managing Director Christine Lagarde (IMF, CC BY-NC-ND)

Latvia: Krisjanis Karins to form new government

Cluj-Napoca – the best Romanian city in global index

Croatia

Boris Vujčić, the governor of the Croatian National Bank, informed his country was “ready to take steps to enter the European Exchange Rate Mechanism (ERM)”. At the same time, Mr. Vujcic announced that Croatia wants to introduce the euro in the following years. The announcement was made on Monday, January 7th, during the conference that took place in Riga (Latvia) – called “Five Years with the Euro”.

Commenting on meeting the criteria for entering the euro area, Vujčić said the most difficult thing was to enter the ERM II, because there are no clear criteria that a country needs to meet to enter that mechanism – the Total Croatia News informs.

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Latvia

After Janis Bordans (the New Conservative Party) and Aldis Gobzems (KPV LV) failed to form a new government, Krisjanis Karins from Unity Party was tasked to do so – Leta agency informs. As reported, the country’s President Raimonds Vejonis met with Mr. Karins on Monday. Both politicians discussed the candidatures for the positions of Foreign Minister and Defense Minister.

Mr. Karins wants to form a coalition government consisting of the representatives of the following parties: New Unity, the New Conservative Party (JKP), Development/For!, KPV LV, and the National Alliance. The cabinet’s main objectives will be: “fixing the financial sector, ensuring the rule of law, combating corruption and shadow economy, continuing education reforms, phasing out the mandatory procurement component in electricity tariffs and improving the health care system”.

If Mr. Karins succeeds, the opposition will consist of the Harmony party and the Union of Greens and Farmers.

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Romania

It is not Bucharest, but Cluj-Napoca where people are the most satisfied with their living. In the Quality of Life Index 2019, published by a global database Numbeo, Cluj-Napoca ranks 106. Bucharest was placed 168th, while the whole index consists of 226 positions.

Romania Insiders explains that the Index „takes into account several categories, namely purchasing power, safety, healthcare, cost of living, property price to income ratio, traffic commute time, pollution, and climate”.

The other Romanian cities ranked in it are: Timisoara (126th) and Iasi (143rd).

The most comfortable city in the world is Canberra (Australia).

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What’s up in indexes

BET (of Bucharest) increased from 7,665.19 index points Friday, January 4th to 7,678.83 index point Monday, January 7th. It’s up 0.20 per cent y/y and down 3.81 per cent y/y.

BUX (of Budapest) increased from 40,145.18 index points Friday, January 4th to 40,569.00 index point Monday, January 7th. It’s up 1.06 per cent d/d and up 1.16 per cent y/y.

CROBEX (of Zagreb) decreased from 1,729.79 index points Friday, January 4th to 1,726.78 index points Monday, January 7th. It’s down 0.17 per cent d/d and down 4.37 per cent y/y.

OMXR (of Riga) increased from 944.50 index points Friday, January 4th to 952.65 index point Monday, January 7th. It’s up 0.86 per cent d/d and down 7.65 per cent y/y.

OMXT (of Tallinn) increased from 1,168.54 index points Friday, January 4th to 1,169.66 index point Monday, January 7th. It’s up 0.10 per cent d/d and down 7.75 per cent y/y.

OMXV (of Vilnius) increased from 621.29 index points Friday, January 4th to 625.92 index point Monday, January 7th. It’s up 0.75 per cent d/d and down 6.45 per cent y/y.

PX (of Prague) increased from 1,004.21 index points Friday, January 4th to 1,008.56 index point Monday, January 7th. It’s up 0.43 per cent d/d and down 9.05 per cent y/y.

SAX (of Bratislava) increased from 332.37 index points Friday, January 4th to 335.12 index point Monday, January 7th. It’s up 0.83 per cent d/d and up 2.84 per cent y/y.

SOFIX (of Sofia) decreased from 579.83 index points Friday, January 4th to 577.10 index point Monday, January 7th. It’s down 0.47 per cent d/d and down 16.23 per cent y/y.

Monday, January 7th was a non-trading day at Kyiv Stock Exchange. UX (of Kyiv) closed at 1,710.65 index points Friday, January 4th. It’s up 25.96 per cent y/y.

WIG20 (of Warsaw) increased from 2,284.95 index points Friday, January 4th to 2,331.45 index point Monday, January 7th. It’s up 2.04 per cent d/d and down 8.52 per cent y/y. 

 

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