EBRD outlines 2020 priorities for the CSE region

(EBRD, Public domain)

Bosnia names a PM after 13-month deadlock

Slovakia to subside purchase of EVs

Central and Southeast Europe

European Bank for Reconstruction and Development (EBRD) published its latest report that outlines a number of country-specific recommendations, as well as priority areas for the CSE countries in 2020. EBRD expects the Baltic states to foster good governance practices in innovation and technology. Poland should focus on strengthening the national capital markets and reinforce its commitment to renewable energy, while Hungary needs to improve transparency and governance of EU funds’ absorption.

EBRD suggests that reforms in Croatia and Bulgaria aiming to prepare them for joining the ERM II mechanism should be stepped up. EBRD also informed that countries like Albania, Kosovo, Serbia and North Macedonia need at least 80 years to catch up with average income of citizens of G7 countries, while Lithuania and Estonia should achieve it in less than 10 years.

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Bosnia and Herzegovina

13 months after a general election, Bosnia and Herzegovina’s tripartite presidency has broken a deadlock with the nomination of a Serbian economist Zoran Tegeltija as the prime minister-designate. He will be the new head of the Council of Ministers, Bosnia’s government. The resolution of the dispute, which followed an election last year, could pave the way for Bosnia to move forward with NATO and EU accession talks and with negotiations with the IMF on funding.

The reform plan will be sent to NATO headquarters in Brussels a day after parliament’s lower house confirms Mr. Tegeltija as prime minister.

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Slovakia

In order to increase the number of EVs, Slovakia will again provide financial support to purchase such vehicles, TASR news agency informed. Under the support scheme, those interested in buying a Battery-Electric Vehicles (BEV) will be able to receive a subsidy of EUR8.000, while the purchase of Plug-in Hybrid Electric Vehicles (PHEV) will be supported with EUR5.000.

The Economy Ministry allocated EUR5m and said “We expect that as many as 1000 new BEV and PHEV will be added to the roads thanks to the support scheme.”

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What’s up in indexes

BET (of Bucharest) increased from 9704.45 index points Tuesday, November 19th to 9724.96 index points Wednesday, November 20th. It’s up 0.15 per cent d/d and up 14.4 per cent y/y.

BUX (of Budapest) increased from 43619.00 index points Tuesday, November 19th to 43939.00 index points Wednesday, November 20th. It’s up 0.73 per cent d/d and up 12.5 per cent y/y.

OMXR (of Riga) decreased from 1238.47 index points Tuesday, November 19th to 1028.99 index points Wednesday, November 20th. It’s down 0.91 per cent d/d and up 9.65 per cent y/y.

OMXT (of Tallinn) increased from 1262.21 index points Tuesday, November 19th to 1263.42 index points Wednesday, November 20th. It’s up 0.10 per cent d/d and up 6.27 per cent y/y.

OMXV (of Vilnius) increased from 715.83 index points Tuesday, November 19th to 716.03 index points Wednesday, November 20th. It’s up 0.03 per cent d/d and up 12.9 per cent y/y.

PX (of Prague) decreased from 1079.73 index points Tuesday, November 19th to 1078.34 index points Wednesday, November 20th. It’s down 0.13 per cent d/d and up 1.73 per cent y/y.

RTS (of Moscow) decreased from 1451.64 index points Tuesday, November 19th to 1448.40 index points Wednesday, November 20th. It’s down 0.22 per cent d/d and up 29.7 per cent y/y.

SAX (of Bratislava) increased from 342.55 index points Tuesday, November 19th to 344.22 index points Wednesday, November 20th. It’s up 0.49 per cent d/d and up 4.41 per cent y/y.

SOFIX (of Sofia) decreased from 554.00 index points Tuesday, November 19th to 550.90 index points Wednesday, November 20th. It’s down 0.63 per cent d/d and down 6.15 per cent y/y.

UX (of Kyiv) increased from 1498.44 index points Tuesday, November 19th to 1524.05 index points Wednesday, November 20th. It’s up 1.71 per cent d/d and down 14.66 per cent y/y.

WIG20 (of Warsaw) decreased from 2207.25 index points Tuesday, November 19th to 2194.58 index points Wednesday, November 20th. It’s down 0.57 per cent d/d and up 1.57 per cent y/y.

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