Czech central bank considers increase of interest rates

CNB headquarters, Prague, The Czech Republic (CNB, Public domain)

Latvians spent EUR930.9m on their trips in 2017

Turkish Otokar will deliver buses to Bucharest

The Czech Republic

Radio Praha informs that Jiří Rusnok, Czech central bank governor, considers earlier increase of interest rates. This is due to “weaker than expected crown (CZK) and higher than expected wage rises”.

As reported, the head of the Czech National Bank (CNB) had earlier suggested that increasing interest rates by the end of 2018 would be realistic. “A further rate increase, probably of the almost now customary 0.25 percentage point, has clearly been on the horizon for some time by the end of this year,” the Radio commented.

Radio Praha points out the CNB has forecast that the average rate of the CZK against EUR in 2018 would be 24.9. But in mid-April, the currency “has slipped to below 25.3”. On June 6th the CZK was strengthening to around 25.6, but this was “relatively short run”.

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Latvia

The Baltic Course informs, after the Central Statistical Bureau (CSB), that in 2017 Latvian residents spent EUR930.9m on their trips – local and abroad. It’s up 17.9 per cent y/y or EUR141.4m more.

Latvians most often visited Estonia (13.7 per cent), Lithuania (12.1 per cent), Russia (6.7 per cent) and Belarus (6.0 per cent), but also Germany (11.7 per cent) and Sweden (6.3 per cent). As reported, in the period mentioned they went on 0.8 million same-day trips abroad (up 14.7 per cent y/y) and on 1.3 million overnight trips abroad (up 1.2 per cent y/y). The tourists were mostly women (55.3 per cent) aged 35-44 (26.0 per cent)

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Romania

SEE News Corporate Wire informs that the city of Bucharest will purchase 400 buses from the Turkish manufacturer Otokar. The value of the deal is EUR100m.  

As reported, the first 100 buses will be delivered by the end of 2018. The remaining 300 buses will be delivered next year. The city also plans to buy 100 electric buses, 100 CNG buses, 100 trams and 100 trolleybuses.

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What’s up in indexes

BET (of Bucharest) increased from 8,250.17 index points Tuesday, June 5th to 8,279.38 index points Wednesday, June 6th. It’s up 0.35 per cent d/d and down 4.92 per cent y/y.

BUX (of Budapest) increased from 36,677.56 index points Tuesday, June 5th to 37,157.46 index points Wednesday, June 6th. It’s up 1.31 per cent d/d and up 6.39 per cent y/y.

CROBEX (of Zagreb) decreased from 1,842.85 index points Tuesday, June 5th to 1,829.77 index points Wednesday, June 6th. It’s down 0.71 per cent d/d and up 2.73 per cent y/y.

OMXR (of Riga) decreased from 1,048.06 index points Tuesday, June 5th to 1,047.16 index points Wednesday, June 6th. It’s down 0.09 per cent d/d and up 23.33 per cent y/y.

OMXT (of Tallinn) increased from 1,246.00 index points Tuesday, June 5th to 1,249.50 index points Wednesday, June 6th. It’s up 0.28 per cent d/d and up 11.16 per cent y/y.

OMXV (of Vilnius) increased from 709.72 index points Tuesday, June 5th to 711.77 index points Wednesday, June 6th. It’s up 0.29 per cent d/d and up 20.13 per cent y/y.

PX (of Prague) increased from 1,073.24 index points Tuesday, June 5th to 1,073.27 index points Wednesday, June 6th. It’s 0 per cent change d/d and up 6.69 per cent y/y.

SAX (of Bratislava) increased from 334.24 index points Tuesday, June 5th to 334.72 index points Wednesday, June 6th. It’s 0.14 per cent change d/d and up 9.06 per cent y/y.

SOFIX (of Sofia) increased from 633.77 index points Tuesday, June 5th to 634.18 index points Wednesday, June 6th. It’s up 0.06 per cent d/d and down 6.16 per cent y/y.

UX (of Kyiv) decreased from 1,651.97 index points Tuesday, June 5th to 1,635.86 index points Wednesday, June 6th. It’s down 0.98 per cent d/d and up 63.39 per cent y/y.

WIG20 (of Warsaw) increased from 2,255.95 index points Tuesday, June 5th to 2,256.67 index points Wednesday, June 6th. It’s up 0.03 per cent d/d and down 2.04 per cent y/y.

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