Czechs are spending more on culture

National Theatre, Prague, Czech Republic (Miguel Mendez, CC BY)

In Lithuania insurance premiums up 16 per cent y/y in Q1’17

Bulgaria's government’s heading to increase minimum pension

Czech Republic

Radio Praha informs that Czechs are spending more and more on culture. As the data shows, in 2015 they spend CZK44.9bn on TV and radio fees, music, theatre, cinema, books and press. It was up 1.5 per cent y/y and 3.2 per cent of the total households’ expenditures. Radio Praha stresses that the share of Czech households in financing culture has been steadily rising over the past 5 years.

The data from the Czech Statistical Office also shows approx. CZK230bn in total spent on culture in 2015 (up 0.4 per cent y/y). Two thirds were provided by companies. The second largest contributors were Czech households.

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Lithuania

Lithuanian insurance market grows rapidly in 2017. The Baltic Course publishes data from the Bank of Lithuania, showing that in Q1’17 insurance premiums on the market reached EUR184.7m (up 16 per cent y/y) and the market growth was 3 times stronger than in the same period of 2016.

As reported the entire volume of the non-life insurance market expanded by 19 per cent; EUR131.2m in insurance premiums were signed. EUR53.5m of life assurance premiums were written off in Q1, an increase of 9.2% y-o-y.

Bank of Lithuania also informs that insurance services were provided by 20 insurers in the period mentioned.

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Bulgaria

As Novinite informs the Council of Ministers has approved the draft amendments to the State Social Security Budget Act. It is the first step to increase minimum pension. There are two increases planned up to BGN180 (EUR92), starting from July 1st, 2017, and BGN200 (EUR103), starting from October 1st 2017.

Novinite quotes Valeri Simeonov, Deputy Prime Minister for Economic and Demographic Policy, saying the increases will cost up to BGN100m (EUR51.2) in 2017.

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What’s up in indexes

BET (of Bucharest) decreased from 8,686.62 index points Wednesday, June 7th to 8,672.45 index points Thursday, June 8th. It’s down 0.16 per cent d/d and up 30.22 per cent y/y.

BUX (of Budapest) increased from 35,021.75 index points Wednesday, June 7th to 35,270.95 index points Thursday, June 8th. It’s up 0.71 per cent d/d and up 28.74 per cent y/y.

CROBEX (of Zagreb) increased from 1,821.00 index points Wednesday, June 7th to 1,828.78 index points Thursday, June 8th. It’s up 0.43 per cent d/d and up 10.57 per cent y/y.

OMXR (of Riga) decreased from 852.78 index points Wednesday, June 7th to 851.15 index points Thursday, June 8th. It’s down 0.19 per cent d/d and up 32.89 per cent y/y.

OMXT (of Tallinn) increased from 1,123.22 index points Wednesday, June 7th to 1,126.76 index points Thursday, June 8th. It’s up 0.32 per cent d/d and up 12.72 per cent y/y.

OMXV (of Vilnius) increased from 594.17 index points Wednesday, June 7th to 594.52 index points Thursday, June 8th. It’s up 0.06 per cent d/d and up 16.40 per cent y/y.

PX (of Prague) increased from 1,005.62 index points Wednesday, June 7th to 1,006.22 index points Thursday, June 8th. It’s up 0.06 per cent d/d and up 15.12 per cent y/y.

SAX (of Bratislava) increased from 307.44 index points Wednesday, June 7th to 310.22 index points Thursday, June 8th. It’s up 0.90 per cent d/d and down 2.97 per cent y/y.

SOFIX (of Sofia) decreased from 681.10 index points Wednesday, June 7th to 677.39 index points Thursday, June 8th. It’s down 0.54 per cent d/d and up 51.67 per cent y/y.

UX (of Kyiv) increased from 1,007.32 index points Wednesday, June 7th to 1,016.29 index points Thursday, June 8th. It’s up 0.89 per cent d/d and up 53.04 per cent y/y.

WIG20 (of Warsaw) increased from 2,308.64 index points Wednesday, June 7th to 2,340.23 index points Thursday, June 8th. It’s up 1.37 per cent d/d and up 26.92 per cent y/y.

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