European SME congress opened in Katowice

The 9th edition of the European Congress of Small and Medium-sized Enterprises (SMEs) (Fot. PAP)

Tallinn is the leading start-up hub in CSE: report

Foreign investors confidence in Romania remains low

Poland

The 9th edition of the European Congress of Small and Medium-sized Enterprises (SMEs) started in Katowice. The event is attended by 7500 delegates from 50 countries. This year’s Congress’ motto is “Smart-Safe-Solutions”. “SME segment is a crucial economic force in Poland and in Europe. Poland’s over 2 million SMEs employ nearly 7 million people and generate a considerable portion of Polish GDP, and voiced contentment with current growth trends in the segment,” Polish President Andrzej Duda wrote in a letter to congress participants.

The event is accompanied by the Business Expo Fair, which is a unique exhibition space combined with presentations, networking and expert zone.

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Estonia

Start-up Heatmap Europe has just launched one of the most comprehensive studies on the development of start-up ecosystems and founder mobility in Europe. The report analyses over 100 start-up cities in Europe, with dozens of data points on ecosystem dynamics like meet-ups and accelerators, as well as a survey of over 1,500 founders.

In the report Estonian capital Tallinn ranks ninth among start-up founders in Europe who were asked the question: “Where would you set up your company if you could start again tomorrow?” The Polish capital Warsaw, in 17th place, is the only other city from the CSE region to make the top 20.

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Romania

The foreign investors’ council in Romania (FIC) informed that investor confidence remains low following numerous controversial attempts to modify the fiscal framework, while poor infrastructure and bureaucracy are making the country noncompetitive, seenews.com website reports.

According to FIC, the most worrying indicator and the one that has continued its steep decline with every edition of the sentiment index for the past three years is the availability of adequate workforce. This is for the first time when more than half of the respondents of the FIC sentiment index reported facing this problem, the council said. FIC member companies represent a significant share of FDI in Romania. They have more than 185,000 employees and a total turnover equal to about a quarter of the country’s GDP.

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What’s up in indexes

BET (of Bucharest) decreased from 9542.59 index points Tuesday, October 15th to 9531.46 index points Wednesday, October 16th. It’s down 0.10 per cent d/d and up 11.3 per cent y/y.

BUX (of Budapest) decreased from 40578.00 index points Tuesday, October 15th to 40405.00 index points Wednesday, October 16th. It’s down 0.43 per cent d/d and up 7.90 per cent y/y.

OMXR (of Riga) increased from 1035.73 index points Tuesday, October 15th to 1037.26 index points Wednesday, October 16th. It’s up 0.15 per cent d/d and up 9.47 per cent y/y.

OMXT (of Tallinn) decreased from 1235.69 index points Tuesday, October 15th to 1234.03 index points Wednesday, October 16th. It’s down 0.13 per cent d/d and up 1.01 per cent y/y.

OMXV (of Vilnius) decreased from 698.57 index points Tuesday, October 15th to 697.34 index points Wednesday, October 16th. It’s down 0.18 per cent d/d and up 4.41 per cent y/y.

PX (of Prague) increased from 1020.39 index points Tuesday, October 15th to 1023.08 index points Wednesday, October 16th. It’s up 0.26 per cent d/d and down 6.00 per cent y/y.

RTS (of Moscow) increased from 1331.03 index points Tuesday, October 15th to 1347.43 index points Wednesday, October 16th. It’s up 1.23 per cent d/d and up 15.6 per cent y/y.

SAX (of Bratislava) decreased from 344.74 index points Tuesday, October 15th to 344.61 index points Wednesday, October 16th. It’s down 0.04 per cent d/d and up 2.56 per cent y/y.

SOFIX (of Sofia) decreased from 561.40 index points Tuesday, October 15th to 560.00 index points Wednesday, October 16th. It’s down 0.26 per cent d/d and down 8.12 per cent y/y.

UX (of Kyiv) closed at 1516.67 index points Wednesday, October 16th. It’s the same result as Tuesday’s. It’s 0 per cent change d/d and down 10.69 per cent y/y.

WIG20 (of Warsaw) increased from 2154.80 index points Tuesday, October 15th to 2156.06 index points Wednesday, October 16th. It’s up 0.06 per cent d/d and down 2.74 per cent y/y.

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