Estonia: Gender pay gap is 21 per cent

(UN Women, CC BY-NC-ND)

Czech Temelín nuclear power plant may operate until 2062

FDI in Romania up 21 per cent in Q1’18

Estonia

The Baltic Course reports on the differences between women and men salaries in Estonia. According to the data from Statistics Estonia, in October 2017 the average gross hourly earnings of female employees were 20.9 per cent lower than the average gross hourly earnings of male employees. As informed, the gender pay gap remained at the same level as in 2016.

The biggest gap was observed in finance and insurance sectors where the gross hourly earnings of male employees grew by 7.3 per cent y/y and of female employees decreased by 1.1 per cent y/y. Other sectors with the big gap are mining and quarrying (31.1 per cent), wholesale and retail (28.1 per cent), manufacturing (28.0 per cent), human health and social work activities (27.9 per cent).

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Czech Republic

ČEZ informed that its nuclear power plant Temelín is “technically feasible to operate until 2062”. Radio Praha reports on controversies over the future of Czech nuclear sites – Temelín and Dukovany. As informed, the first one, located around 40 kilometres from Austria, is a “sensitive subject in the country especially after the reactor faced a series of significant problems during its first years of operation”.

The Ministry of Industry has to address the issue of – as some experts forecast – upcoming “looming power crisis in the country”. One of the ideas is to make the existing reactors operate longer than planned. The second idea is to build two new reactors (the concept has already been dropped in 2014). In the midst of the debate, the state-owned energy giant informed that according to a technical and economic study of the long-term operations of the Temelin site, conducted by the company, one of its reactors could operate until 2060, and the second one until 2062.

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Romania

Foreign direct investment (FDI) in Romania reached EUR1.38bn in Q1’18. It’s up 21 per cent y/y. According to the data from Romania’s National Bank (BNR), equity investment, including invested net profits, totalled EUR1.6bn. At the same time, the value of intragroup loans was negative – EUR228m.

Romania Insider informs that there were 1,371 new companies with foreign capital set up in Q1’18.

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What’s up in indexes

BET (of Bucharest) decreased from 8,775.91 index points Friday, May 11th to 8,757.41 index points Monday, May 14th. It’s down 0.21 per cent d/d and up 3.51 per cent y/y.

BUX (of Budapest) increased from 37,644.06 index points Friday, May 11th to 38,602.89 index points Monday, May 14th. It’s up 2.55 per cent d/d and up 12.02 per cent y/y.

CROBEX (of Zagreb) decreased from 1,845.24 index points Friday, May 11th to 1,843.09 index points Monday, May 14th. It’s down 0.12 per cent d/d and up 0.89 per cent y/y.

OMXR (of Riga) decreased from 1,071.77 index points Friday, May 11th to 1,069.31 index points Monday, May 14th. It’s down 0.23 per cent d/d and up 30.95 per cent y/y.

OMXT (of Tallinn) decreased from 1,264 index points Friday, May 11th to 1,259.06 index points Monday, May 14th. It’s down 0.41 per cent d/d and up 12.46 per cent y/y.  

OMXV (of Vilnius) decreased from 710.91 index points Friday, May 11th to 709.88 index points Monday, May 14th. It’s down 0.14 per cent d/d and up 20.87 per cent y/y.

PX (of Prague) decreased from 1,107.12 index points Friday, May 11th to 1,104.33 index points Monday, May 14th. It’s down 0.25 per cent d/d and up 8.21 per cent y/y.

SAX (of Bratislava) increased from 335.28 index points Friday, May 11th to 335.72 index points Monday, May 14th. It’s up 0.13 per cent d/d and up 9.26 per cent y/y.

SOFIX (of Sofia) decreased from 645.51 index points Friday, May 11th to 644.24 index points Monday, May 14th. It’s down 0.20 per cent d/d and down 1.76 per cent y/y.

UX (of Kyiv) increased from 1,814.91 index points Friday, May 11th to 1,818.13 index points Monday, May 14th. It’s up 0.18 per cent d/d and up 82.93 per cent y/y.

WIG20 (of Warsaw) decreased from 2,329.36 index points Friday, May 11th to 2,321.09 index points Monday, May 14th. It’s down 0.36 per cent d/d and down 2.00 per cent y/y.

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