EC will help Romanian regions improve innovation capacity

(Dan Nevill, CC BY-ND)

Estonia offers best growth prospects among CSE countries

The number of foreign workers in Bulgaria has increased

Romania

The European Commission (EC), in cooperation with the Romanian government and the World Bank, is launching two projects to provide expertise to Romanian regions and cities. Experts will help Romanian counties to use EU funding for projects that benefit the whole region, not only the main economic center. As a part of the project cities will be encouraged to develop cooperation in the following sectors: public transport, environment and circular economy, digitalization, entrepreneurship and education.

The EC wants also to help eight Romanian regions to improve their innovation capacity and enhance cooperation between research centers and businesses to develop innovative products for the market.

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Estonia

In the latest edition of KPMG’s Growth Promise Indicator Estonia ranked as the 18th among 180 countries and is the first among all CSE countries. The report prepared by one of the world’s biggest accounting organizations assesses which countries are the best prepared for growth from the macroeconomic stability, openness, infrastructure, human capital and institutional strength point of view.

The Czech Republic was ranked the 28th, Poland the 35th, Hungary the 38th, Slovakia the 47th, Russia the 53rd and Ukraine the 79th.

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Bulgaria

“The number of the foreign workers registered for seasonal employment in Bulgaria has increased significantly since the beginning of this year,” Minister of Labor and Social Policy Biser Petkov announced.

According to Bulgarian government just over 7,000 workers from third countries (outside of the EU) were registered in 2018. “At the moment — beginning of August — over 10 500 workers are registered. The winter season also relies on labor imports,” the minister added.

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What’s up in indexes

BET (of Bucharest) increased from 9109.89 index points Thursday, August 8th to 9146.51 index points Friday, August 9th. It’s up 0.28 per cent d/d and up 11.5 per cent y/y.

BUX (of Budapest) increased from 40440.00 index points Thursday, August 8th to 40615.42 index points Friday, August 9th. It’s up 0.56 per cent d/d and up 10.2 per cent y/y.

OMXR (of Riga) increased from 1037.36 index points Thursday, August 8th to 1038.64 index points Friday, August 9th. It’s up 0.12 per cent d/d and up 3.30 per cent y/y.

OMXT (of Tallinn) increased from 1267.42 index points Thursday, August 8th to 1267.90 index points Friday, August 9th. It’s up 0.04 per cent d/d and up 2.84 per cent y/y.

OMXV (of Vilnius) increased from 691.29 index points Thursday, August 8th to 693.02 index points Friday, August 9th. It’s up 0.25 per cent d/d and down 2.58 per cent y/y.

PX (of Prague) increased from 1020.53 index points Thursday, August 8th to 1022.67 index points Friday, August 9th. It’s up 0.21 per cent d/d and down 5.24 per cent y/y.

RTS (of Moscow) decreased from 1305.32 index points Thursday, August 8th to 1289.47 index points Friday, August 9th. It’s down 1.10 per cent d/d and up 17.5 per cent y/y.

SAX (of Bratislava) decreased from 347.20 index points Thursday, August 8th to 346.73 index points Friday, August 9th. It’s down 0.14 per cent d/d and up 5.02 per cent y/y.

SOFIX (of Sofia) decreased from 583.80 index points Thursday, August 8th to 583.63 index points Friday, August 9th. It’s down 0.03 per cent d/d and down 9.06 per cent y/y.

UX (of Kyiv) closed at 1582.99 index points Friday, August 9th. It’s the same result as Thursday’s. It’s 0 per cent change d/d and down 2.91 per cent y/y.

WIG20 (of Warsaw) decreased from 2158.88 index points Thursday, August 8th to 2127.61 index points Friday, August 9th. It’s down 1.45 per cent d/d and down 8.48 per cent y/y.

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