CSE leaders attend One Belt One Road forum

(Tart, CC BY-SA 3.0)

Romania will bring home its gold reserves

In Slovakia unemployment rate the lowest in 26 years

Central and Southeast Europe

Russian President Vladimir Putin, Czech President Miloš Zeman, Hungary’s Prime Minister Victor Obran and Belarusian President Alyaksandr Lukashenka are among 37 heads of state that taking part in the second One Belt One Road Forum for International Cooperation (BRF) in Beijing. Poland, Baltic states, Romania and Bulgaria are represented by deputy Finance Ministers.

The three-day event is meant to promote Chinese leader Xi Jinping’s “project of the century”, a foreign policy initiative launched in 2013 to revive ancient trading routes between Asia and Europe, as well as to build new links in the Middle East, Africa, and South America.

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Romania

Romania’s parliament approved a bill ordering the central bank to bring back home Romanian gold reserves. Romania has kept gold reserves at the Bank of England for over 100 years, although the exact amount has fluctuated greatly, even dropping to zero in 1989 when the dictator Nicolae Ceausescu used the gold to pay off the country’s external debt. However, at the end of 2018 Romania’s held gold reserves totaling 103.7 tons are worth around EUR3.84bn. As much as 65 per cent of it is held at the Bank of England.

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Slovakia

Slovakia´s registered unemployment rate amounted to 5.03 per cent in March, the lowest number since 1993, according to data published by the Labor, Social Affairs and the Family Centre.

“The development of March unemployment rate returned to positive numbers. I expect the rate to decrease below 5 per cent in April,” Slovak’s labor minister Ján Richter said.

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What’s up in indexes

BET (of Bucharest) increased from 8367.89 index points Wednesday, April 24th to 8408.96 index points Thursday, April 25th. It’s up 0.45 per cent d/d and down 6.83 per cent y/y.

BUX (of Budapest) decreased from 43563.00 index points Wednesday, April 24th to 43054.00 index points Thursday, April 25th. It’s down 1.17 per cent d/d and up 13.2 per cent y/y.

OMXR (of Riga) increased from 1020.70 index points Wednesday, April 24th to 1032.45 index points Thursday, April 25th. It’s up 1.15 per cent d/d and down 1.42 per cent y/y.

OMXT (of Tallinn) increased from 1250.47 index points Wednesday, April 24th to 1254.40 index points Thursday, April 25th. It’s up 0.31 per cent d/d and down 0.56 per cent y/y.

OMXV (of Vilnius) decreased from 676.95 index points Wednesday, April 24th to 676.56 index points Thursday, April 25th. It’s down 0.06 per cent d/d and down 3.34 per cent y/y.

PX (of Prague) decreased from 1088.97 index points Wednesday, April 24th to 1085.62 index points Thursday, April 25th. It’s down 0.31 per cent d/d and down 3.21 per cent y/y.

RTS (of Moscow) decreased from 1263.97 index points Wednesday, April 24th to 1245.98 index points Thursday, April 25th. It’s down 1.42 per cent d/d and up 9.53 per cent y/y.

SAX (of Bratislava) increased from 349.13 index points Wednesday, April 24th to 354.07 index points Thursday, April 25th. It’s up 1.41 per cent d/d and up 6.41 per cent y/y.

SOFIX (of Sofia) increased from 569.60 index points Wednesday, April 24th to 573.70 index points Thursday, April 25th. It’s up 0.71 per cent d/d and down 13.48 per cent y/y.

UX (of Kyiv) closed at 1692.44 index points Thursday, April 25th. It’s the same result as Wednesday’s. It’s 0 per cent change d/d and down 6.57 per cent y/y.

WIG20 (of Warsaw) decreased from 2372.33 index points Wednesday, April 24th to 2358.76 index points Thursday, April 25th. It’s down 0.57 per cent d/d and up 4.51 per cent y/y.

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