Estonia has the most of economic freedom in the CSE

(The Heritage Foundation, Public domain)

Remittances to Ukraine to grow in 2019

Bucharest airport with the record number of passengers

Central and Southeast Europe

Estonia retains its position as the freest economy among all CSE countries, ranked the 15th in the 2019 Heritage Foundation’s Index of Economic Freedom. The Index, launched in 1995, rates 180 countries and evaluates four policy areas that affect economic freedom — rule of law, government size, regulatory efficiency, and market openness. Estonia’s neighbors, Lithuania fell from the 19th to 21st and Latvia from the 28th to 35th place. All three Baltic countries were rated as the “mostly free” in terms of economic freedom.

The index rated as the “mostly free” Czech Republic, which economic freedom score was 73.7 and placed this country as the 23rd. In Slovakia economic freedom has worsened slightly, and the country was ranked as the 65th. Poland’s economic freedom score is 67.8, less of 0.7 point, placing its economy in the 46th spot.

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Ukraine

“Remittances to Ukraine from labor migrants in 2018 increased to USD11bn,” the First Deputy Governor of the National Bank of Ukraine (NBU) Kateryna Rozhkova said. As reported, revenues from labor migrants are growing, in 2016 amounted to USD7.5bn, and in 2017 increased to USD9.3bn. “This is due to growing incomes of Ukrainian migrant workers in countries where they travel to get jobs,” Mrs. Rozhkova stressed.

The NBU does not expect a significant increase in the number of labor migrants from Ukraine in 2019, at the same time suggests a slight increase in remittances. As “112 Ukraine” website reported, due to migration the population of Ukraine might reduce by 18 per cent by 2050 and reach 36 million people.

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Romania

Bucharest’s Henri Coanda International Airport had 13.82 million passengers in 2018, an increase of 8 per cent y/y. Nearly 123,000 aircraft movements were recorded in 2018, up 5.35 per cent y/y. Henri Coanda International Airport is currently one of two airports serving the capital of Romania.

There are 57 airlines operating on Henri Coanda International Airport, transporting passengers to 128 destinations.

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What’s up in indexes

BET (of Bucharest) decreased from 7032.04 index points Wednesday, January 30th to 7031.57 index points Thursday, January 31st. It’s down 0.08 per cent d/d and down 16.00 per cent y/y.

BUX (of Budapest) decreased from 40863.00 index points Wednesday, January 30th to 40856.00 index points Thursday, January 31st. It’s down 0.02 per cent d/d and up 1.66 per cent y/y.

CROBEX (of Zagreb) decreased from 1,762.17 index points Wednesday, January 30th to 1,761.79 index points Thursday, January 31st. It’s down 0.02 per cent d/d and down 4.25 per cent y/y.

OMXR (of Riga) increased from 987.46 index points Wednesday, January 30th to 989.77 index points Thursday, January 31st. It’s up 0.23 per cent d/d and down 4.33 per cent y/y.

OMXT (of Tallinn) increased from 1239.91 index points Wednesday, January 30th to 1241.73 index points Thursday, January 31st. It’s up 0.15 per cent d/d and down 3.75 per cent y/y.

OMXV (of Vilnius) increased from 646.68 index points Wednesday, January 30th to 647.96 index points Thursday, January 31st. It’s up 0.20 per cent d/d and down 5.52 per cent y/y.

PX (of Prague) increased from 1034.95 index points Wednesday, January 30th to 1043.55 index points Thursday, January 31st. It’s up 0.83 per cent d/d and down 7.72 per cent y/y.

SAX (of Bratislava) closed at 331.51 index points Thursday, January 31st. It’s the same result as Wednesday’s. It’s 0 per cent change d/d and down 5.11 per cent y/y.

SOFIX (of Sofia) increased from 575.20 index points Wednesday, January 30th to 585.70 index points Thursday, January 31st. It’s up 1.81 per cent d/d and down 17.82 per cent y/y.

UX (of Kyiv) closed at 1,710.65 index points Thursday, January 31st. It’s the same result as Wednesday’s. It’s 0 per cent change d/d and up 14.74 per cent y/y.

WIG20 (of Warsaw) increased from 2357.79 index points Wednesday, January 30th to 2380.11 index points Thursday, January 31st. It’s up 0.95 per cent d/d and down 6.80 per cent y/y.

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