Fewer Poles consider migrating for work

Kielce, Poland (Sebastian Bojara, CC BY-NC-ND)

USA considers measures against Nord Stream 2

Slovenia: EBRD acquired 6.25 per cent stake in the largest bank

Poland

The Polish Radio reports, according to a report prepared by a recruitment agency Work Service, that less than 9 per cent of Poles are considering migrating for work within the next year, down from 14 per cent this time last year.

The average potential economic migrants are over 35 and live in the countryside or in towns from the central Poland. They are typically trade-school or high-school educated and earn at least EUR697 per month. The most popular destinations are: Germany (23.3 per cent), Norway (15.6 per cent) and Sweden (14.7 per cent).

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Central and Southeast Europe

The US Ambassador to the European Union informed that the US government considers measures to prevent the construction of the Nord Stream 2, as the Baltic Course reports. The German-Russian project (with Austrian, British-Dutch and French companies involved) is supposed to be completed by the end of 2019.

The portal quotes Gordon Sondland saying that “there are several tools that the United States has and we have not deployed the full set of tools yet that could significantly undermine — if not outright stop — the project”.

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Slovenia

Privatization of Nova Ljubljanska Banka (NLB), the largest Slovenian bank, has just started. The bank is holding about 23 per cent of the total banking assets in the country. The European Bank for Reconstruction and Development (EBRD) informed that it acquired 6.25 per cent of stake. In its press release EBRD wrote: “The acquisition was made in the first phase of NLB’s privatisation during which the government of Slovenia sold 59.1 per cent of the bank in a public offering.” The capitalisation of NLB is EUR1bn.

Slovenian state wants to keep 25 per cent stake plus one share and is committed to sell in 2018 at least 50 per cent stake plus one share.

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What’s up in indexes

BET (of Bucharest) decreased from 8,670.16 index points Monday, November 12th to 8,670.05 index points Tuesday, November 13th. It’s 0 per cent change d/d and up 12.04 per cent y/y.

BUX (of Budapest) increased from 38,108.00 index points Monday, November 12th to 38,252.65 index points Tuesday, November 13th. It’s up 0.38 per cent d/d and down 2.55 per cent y/y.

CROBEX (of Zagreb) decreased from 1,767.66 index points Monday, November 10th to 1,760.60 index points Tuesday, November 13th. It’s down 0.40 per cent d/d and down 2.12 per cent y/y.

OMXR (of Riga) decreased from 950.06 index points Monday, November 12th to 949.07 index points Tuesday, November 13th. It’s down 0.11 per cent d/d and down 8.09 per cent y/y.

OMXT (of Tallinn) decreased from 1,192.54 index points Monday, November 12th to 1,189.60 index points Tuesday, November 13th. It’s down 0.25 per cent d/d and down 3.46 per cent y/y.

OMXV (of Vilnius) decreased from 643.09 index points Monday, November 12th to 640.33 index points Tuesday, November 13th. It’s down 0.43 per cent d/d and down 3.03 per cent y/y.

PX (of Prague) decreased from 1,081.76 index points Monday, November 12th to 1,078.81 index points Tuesday, November 13th. It’s down 0.27 per cent d/d up 1.53 per cent y/y.

SAX (of Bratislava) decreased from 333.75 index points Monday, November 12th to 332.04 index points Tuesday, November 13th. It’s down 0.51 per cent d/d and up 3.61 per cent y/y.

SOFIX (of Sofia) decreased from 596.08 index points Monday, November 12th to 593.86 index points Tuesday, November 13th. It’s down 0.37 per cent d/d and down 11.26 per cent y/y.

UX (of Kyiv) increased from 1,790.91 index points Monday, November 12th to 1796.53 index points Tuesday, November 13th. It’s up 0.31 per cent d/d and up 41.41 per cent y/y.

WIG20 (of Warsaw) decreased from 2,232.25 index points Friday, November 9th to 2,217.97 index points Tuesday, November 13th. It’s down 0.64 per cent d/d and down 9.64 per cent y/y.

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