Czech Republic: the lowest unemployment since 2008

Brno, Czech Republic (Jaroslav A. Polák, CC BY-NC-ND)

Poland: Deputy PM talks with American investors

Ukraine: discussions over the pension system

Czech Republic

Radio Praha reports that in Czech Republic unemployment decreased. In September 2017 it was 3.9 per cent (down from 4 per cent in August). Experts point out that due to the lack of skilled workers, companies are more eager to hire candidates without experience, e.g. “graduates fresh out of school”. Radio Praha notices that the level of unemployment hasn’t been that low since October 2008.

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Poland

Poland’s Deputy Prime Minister and the Finance Minister Mateusz Morawiecki went to the USA to hold talks with the American investors. As the Polish Radio reports, the official “hopes to seal a major investment deal but would not disclose the details.”

As reported, the official part of the visit is the annual meetings of both, the World Bank and the International Monetary Fund in Washington.

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Ukraine

Ukrainian government works on reshaping the country’s pension system. The Interfax reports that Andriy Reva, Social Policy Minister, claims the “funded obligatory pension system should be non-public system”. He said that the employees should contribute to it by paying from their salaries.

The agency quotes Mr. Reva: “The today’s law says that the obligatory public pension system should be public. If this requirement is left, people who pay contributions are to be included in this public funded system. Many experts and lawmakers, and I personally believe that these should be non-public funds.”

Ukrainian pensions system needs to be reformed. There are about 12 million pensioners and in the gap in the country’s pension system reaches USD5.2bn.

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What’s up in indexes

BET (of Bucharest) decreased from 8,007.97 index points Wednesday, October 11th to 7,997.22 index points Thursday, October 12th. It’s down 0.10 per cent d/d and up 15.58 per cent y/y.

BUX (of Budapest) increased from 38,453.12 index points Wednesday, October 11th to 38,772.08 index points Thursday, October 12th. It’s up 0.83 per cent d/d and up 36.54 per cent y/y.

CROBEX (of Zagreb) increased from 1,849.38 index points Wednesday, October 11th to 1,863.29 index points Thursday, October 12th. It’s up 0.75 per cent and down 6.41 per cent y/y.

OMXR (of Riga) increased from 992.27 index points Wednesday, October 11th to 997.52 index points Thursday, October 12th. It’s up 0.53 per cent d/d and up 38.50 per cent y/y.

OMXT (of Tallinn) increased from 1,218.40 index points Wednesday, October 11th to 1,226.71 index points Thursday, October 12th. It’s up 0.68 per cent d/d and up 20.74 per cent y/y.

OMXV (of Vilnius) increased from 642.87 index points Wednesday, October 11th to 645.40 index points Thursday, October 12th. It’s up 0.39 per cent d/d and up 18.71 per cent y/y.

PX (of Prague) increased from 1,054.37 index points Wednesday, October 11th to 1,054.88 index points Thursday, October 12th. It’s up 0.05 per cent d/d and up 18.43 per cent y/y.

SAX (of Bratislava) decreased from 322.35 index points Wednesday, October 11th to 319.94 index points Thursday, October 12th. It’s down 0.75 per cent d/d and up 2.20 per cent y/y.

SOFIX (of Sofia) decreased from 672.80 index points Wednesday, October 11th to 668.31 index points Thursday, October 12th. It’s down 0.67 per cent d/d and up 31.24 per cent y/y.

UX (of Kyiv) decreased from 1,212.88 index points Wednesday, October 11th to 1,211.90 index points Thursday, October 12th. It’s down 0.08 per cent d/d and up 44.14 per cent y/y.

WIG20 (of Warsaw) decreased from 2,551.78 index points Wednesday, October 11th to 2,537.69 index points Thursday, October 12th. It’s down 0.55 per cent d/d and up 44.15 per cent y/y.

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