Estonia the best among the CSE in the Global Competitiveness Report

Estonia’s results, WEF Global Competitiveness Index 4.0, 2019 edition

FDI in Russian companies soars

Croatian real estate prices are increasing

Central and Southeast Europe

Estonia and Czech Republic are the most competitive economies in the CSE, The World Economic Forum (WEF) announced. In its 2019 Global Competitiveness Report, WEF measured the strength of 103 key indicators, such as inflation, digital skills and trade tariffs, across 141 countries.

Estonia and Czech Republic scored 70.9/100, placing them the 31st and 32nd. Slovenia (the 35th), Poland (the 37th), Lithuania (the 39th), Latvia (the 41st), Slovakia (the 42nd), Hungary (the 47th) and Bulgaria (the 49th) also made the top 50.

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Russia

FDI in Russia soared almost fivefold y/y and reached USD21.8bn at the end of Q3’19, the Central Bank of Russia reported, according to TASS news agency informed.

CBR also stressed that since Russian annexation of Crimea in 2014 FDI (including greenfield investments) declined significantly. FDI stood at roughly USD22bn in 2014 and dropped to USD8.8bn for 2018. These figures include reinvested earnings.

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Croatia

The prices of residential real estate in Croatia increased by 10.4 per cent y/y in the Q2’19, Eurostat informed. Earlier this year, figures published by Eurostat showed that in Q1’19 prices of residential real estate increased by another 7.4 per cent.

“Prices are rising almost on a weekly basis. And it isn’t only the seaside locations along the Croatian Adriatic that are catching the eye of home buyers, the capital is one of the boom markets. However, Dubrovnik stays the most sought after real estate destination in Croatia,” Dubrovnik Times writes.

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What’s up in indexes

BET (of Bucharest) increased from 9488.69 index points Tuesday, October 8th to 9504.35 index points Wednesday, October 9th. It’s up 0.19 per cent d/d and up 11.2 per cent y/y.

BUX (of Budapest) increased from 39492.00 index points Tuesday, October 8th to 39545.00 index points Wednesday, October 9th. It’s up 0.14 per cent d/d and up 6.56 per cent y/y.

OMXR (of Riga) decreased from 1027.30 index points Tuesday, October 8th to 1024.53 index points Wednesday, October 9th. It’s down 0.27 per cent d/d and up 6.33 per cent y/y.

OMXT (of Tallinn) decreased from 1240.30 index points Tuesday, October 8th to 1232.75 index points Wednesday, October 9th. It’s down 0.61 per cent d/d and up 1.90 per cent y/y.

OMXV (of Vilnius) increased from 689.20 index points Tuesday, October 8th to 691.60 index points Wednesday, October 9th. It’s up 0.35 per cent d/d and up 3.59 per cent y/y.

PX (of Prague) increased from 994.07 index points Tuesday, October 8th to 996.62 index points Wednesday, October 9th. It’s up 0.26 per cent d/d and down 9.05 per cent y/y.

RTS (of Moscow) increased from 1306.39 index points Tuesday, October 8th to 1317.48 index points Wednesday, October 9th. It’s up 0.85 per cent d/d and up 13.6 per cent y/y.

SAX (of Bratislava) decreased from 347.18 index points Tuesday, October 8th to 346.63 index points Wednesday, October 9th. It’s down 0.16 per cent d/d and up 3.44 per cent y/y.

SOFIX (of Sofia) decreased from 561.00 index points Tuesday, October 8th to 559.20 index points Wednesday, October 9th. It’s down 0.33 per cent d/d and down 9.39 per cent y/y.

UX (of Kyiv) decreased from 1533.84 index points Tuesday, October 8th to 1528.87 index points Wednesday, October 9th. It’s down 0.32 per cent d/d and down 8.89 per cent y/y.

WIG20 (of Warsaw) increased from 2131.83 index points Tuesday, October 8th to 2134.37 index points Wednesday, October 9th. It’s up 0.12 per cent d/d and down 5.19 per cent y/y.

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