Estonia with the lowest risk of money laundering

(Bru-nO, CC)

Latvia: EUR15.7m surplus found in the state budget

Bulgaria: Exports to EU up

Estonia

Estonia is the country with the second lowest risk of money laundering and the financing of terrorism in the world — the Baltic Course reports after the Basel Anti-Money Laundering Index. The safest country is Finland. The third country with the lowest risk of fraud is Lithuania.

Estonia gathered 2.73 points in the index, keeping its point score unchanged from last year despite the Danske bank scandal.

The Basel Anti-Money Laundering Index is an independent, annual ranking that assesses the risk of money laundering and terrorist financing (ML/TF) around the world. This year’s edition is the seventh edition.

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Latvia

Latvia’s Finance Ministry found a total financial surplus of EUR15.7m in the state budget, after compiling information about all ministries’ budgets in September 2018. The Baltic News Network informs that the information which ministries have an active surplus was not disclosed by the cabinet. As reported, part of the sum, EUR5.7m will be diverted to the defense budget to match NATO requirement of spending 2 per cent of GDP.

The head of the Communication Department of Latvia’s Finance Ministry, Aleksis Jarockis, explains that in order to divert these funds to finance so-called “good acts”, it needed to be transferred to the state budget’s finances for emergencies program.

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Bulgaria

Novinite.com informs that in the period January-July 2018, Bulgaria’s exports to the European Union (EU) grew 10.8 per cent y/y. According to the National Statistical Institute (NSI) it reached BGN21.61bn. At the same time, the country’s imports from EU grew 11 per cent y/y, reaching BGN23.4bn.

As reported, food and livestock exports were up 31.2 per cent, followed by raw materials, inedible excluding fuel (26.8 per cent). Only in mineral fuel, lubricants and related products a decrease was observed (by 7.8 per cent).

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What’s up in indexes

BET (of Bucharest) decreased from 8,545.34 index points Tuesday, October 9th to 8,534.13 index points Wednesday, October 10th. It’s down 0.04 per cent d/d and up 6.38 per cent y/y.

BUX (of Budapest) decreased from 37,109.24 index points Tuesday, October 9th to 36,821.00 index points Wednesday, October 10th. It’s down 0.78 per cent d/d and down 3.18 per cent y/y.

CROBEX (of Zagreb) decreased from 1,775.19 index points Tuesday, October 9th to 1,770.15 index points Wednesday, October 10th. It’s down 0.28 per cent d/d and down 0.40 per cent y/y.

OMXR (of Riga) decreased from 963.55 index points Tuesday, October 9th to 962.13 index points Wednesday, October 10th. It’s down 0.15 per cent d/d and down 3.40 per cent y/y.

OMXT (of Tallinn) increased from 1,209.72 index points Tuesday, October 9th to 1,224.44 index points Wednesday, October 10th. It’s up 1.22 cent d/d and down 0.29 per cent y/y.

OMXV (of Vilnius) decreased from 667.65 index points Tuesday, October 9th to 666.44 index points Wednesday, October 10th. It’s down 0.18 per cent d/d and up 3.74 per cent y/y.

PX (of Prague) increased from 1,095.78 index points Tuesday, October 9th to 1,097.17 index points Wednesday, October 10th. It’s up 0.13 per cent d/d up 4.49 per cent y/y.

SAX (of Bratislava) decreased from 335.11 index points Tuesday, October 9th to 332.35 index points Wednesday, October 10th. It’s down 0.82 per cent d/d and up 4.91 per cent y/y.

SOFIX (of Sofia) increased from 617.13 index points Tuesday, October 9th to 617.42 index points Wednesday, October 10th. It’s up 0.05 per cent d/d and down 8.70 per cent y/y.

UX (of Kyiv) closed at 1,678.08 index points Wednesday, October 10th. It’s the same result as Tuesday’s. It’s 0 per cent change d/d and up 38.87 per cent y/y.

WIG20 (of Warsaw) decreased from 2,251.32 index points Tuesday, October 9th to 2,197.34 index points Wednesday, October 10th. It’s down 2.40 per cent d/d and down 12.68 per cent y/y.

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