Czech crown the strongest since 2013

Czech crowns (David Fernández, CC BY-NC-ND)

Poland: wages up 6 per cent y/y in September

EU mulls lower roaming charges for Balkans

Czech Republic

Radio Praha informs that the Czech crown (CZK) has reached its strongest level to EUR since Autumn 2013, when the central bank launched its intervention policy (to keep the currency weak). As reported, CZK reached 25.74 to the EUR. It means the CZK gained more than 4.5 per cent since the central bank removed the currency cap in April 2017.

The Radio quotes Jan Bureš, the chief economist of Patria Finance, explaining that “the strengthening of the crown was in part caused by the way trades are conducted on the financial markets – once the Czech currency fell below 26 to the common European currency investors, influenced by commentators, had begun to revise their expectations with regard to further strengthening”.

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Poland

The average gross monthly wage in Poland was up 6 per cent y/y in September 2017. It reached PLN4,473 (EUR1,058). The Polish Radio reports, after the Central Statistical Office, that in the period mentioned the country’s employment increased 4.5 per cent y/y. It also grew by 0.1 per cent m/m/.

Experts say that employers “are finding it increasingly difficult to find workers as both wages and employment rise, even though the rate of growth has slowed”.

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The Western Balkans

It is very likely that citizens of Albania, Bosnia and Herzegovina, Macedonia, Montenegro, Serbia and Kosovo will pay less for the international and roaming calls. As the Balkan Insight reports, the European Commission is considering cutting roaming charges for the six countries of the Western Balkans. This is caused by the constant calls from EU candidate countries to abolish the fees.

Mariya Gabriel, the European Commissioner in charge of Digital Economy and Society, has asked the commission’s services to “develop a roadmap towards lowering roaming charges between the EU and Western Balkans”.

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What’s up in indexes

BET (of Bucharest) decreased from 8,063.80 index points Tuesday, October 17th to 8,044.03 index Wednesday, October 18th. It’s down 0.25 per cent d/d and up 17.53 per cent y/y.

BUX (of Budapest) increased from 38,909.78 index points Tuesday, October 17th to 39,081.77 index Wednesday, October 18th. It’s up 0.44 per cent d/d and up 34.71 per cent y/y.

CROBEX (of Zagreb) increased from 1,847.08 index points Tuesday, October 17th to 1,854.06 index Wednesday, October 18th. It’s up 0.38 per cent and down 6.48 per cent y/y.

OMXR (of Riga) increased from 1,020.07 index points Tuesday, October 17th to 1,022.49 index Wednesday, October 18th. It’s up 0.24 per cent d/d and up 42.65 per cent y/y.

OMXT (of Tallinn) decreased from 1,236.37 index points Tuesday, October 17th to 1,235.00 index Wednesday, October 18th. It’s down 0.11 per cent d/d and up 21.13 per cent y/y.

OMXV (of Vilnius) increased from 648.68 index points Tuesday, October 17th to 653.88 index Wednesday, October 18th. It’s up 0.80 per cent d/d and up 19.35 per cent y/y.

PX (of Prague) decreased from 1,055.99 index points Tuesday, October 17th to 1,053.83 index Wednesday, October 18th. It’s down 0.20 per cent d/d and up 15.13 per cent y/y.

SAX (of Bratislava) increased from 309.89 index points Tuesday, October 17th to 310.42 index Wednesday, October 18th. It’s up 0.17 per cent d/d and down 1.28 per cent y/y.

SOFIX (of Sofia) decreased from 671.11 index points Tuesday, October 17th to 670.55 index Wednesday, October 18th. It’s down 0.08 per cent d/d and up 32.81 per cent y/y.

UX (of Kyiv) increased from 1,215.75 index points Tuesday, October 17th to 1,230.27 index Wednesday, October 18th. It’s up 1.19 per cent d/d and up 45.86 per cent y/y.

WIG20 (of Warsaw) decreased from 2,514.36 index points Tuesday, October 17th to 2,502.34 index Wednesday, October 18th. It’s down 0.48 per cent d/d and up 45.38 per cent y/y.

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