Food prices in Poland and Romania are the lowest in the EU

Cracow, Poland (Maria Bninska, Public domain)

The US approves USD700m defense aid package for Ukraine

Huge demonstration in Czech Republic

Poland and Romania

Eurostat has prepared its annual report about food and services prices across Europe, taking into consideration not only EU member states, but also its candidate countries and three EFTA countries (Iceland, Norway, Switzerland). According to report the lowest prices of food and non-alcoholic drinks, compared to EU average, were in Romania (66 per cent), Poland (69 per cent), Bulgaria (76 per cent), Lithuania (82 per cent), Czech Republic (84 per cent) and Hungary (85 per cent).

At the opposite end of the scale Denmark had the highest price level for food and non-alcoholic beverages in the EU in 2018 — 130 per cent of the EU average, followed by Luxembourg and Austria (both 125 per cent), Ireland and Finland (both 120 per cent) and Sweden (117 per cent).

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Ukraine

The United States House of Representatives approved a defense aid package for Ukraine worth USD700m, the Embassy of Ukraine in the US has said in a statement. According to the Ukrainian media, the bill approved by the House provides USD250m to develop Ukraine’s security and defense capabilities, with USD50m being allocated for weapons. The remaining 450 million US dollars will be provided within the framework of the Foreign Military Financing Program of the US Department of State.

The US Senate is yet to approve the legislation.

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Czech Republic

The biggest demonstration since 1989 has taken place in Prague. Organizers said around a quarter of a million people attended.

As Radio Praha reports protesters called on Czech Prime Minister Andrej Babiš to resign. BBC reminds that the Czech PM is facing a criminal investigation in the Czech Republic for alleged abuse of EUR2m in EU subsidies over 10 years ago. He is also the subject of an EU conflict-of-interest investigation over his Agrofert conglomerate, which he transferred to two trust funds shortly before he came to power in 2017.

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What’s up in indexes

BET (of Bucharest) increased from 8690.30 index points Thursday, June 20th to 8746.18 index points Friday, June 21st. It’s up 0.85 per cent d/d and up 7.66 per cent y/y.

BUX (of Budapest) decreased from 40775.00 index points Thursday, June 20th to 40387.21 index points Friday, June 21st. It’s down 0.95 per cent d/d and up 15.2 per cent y/y.

OMXR (of Riga) decreased from 1025.14 index points Thursday, June 20th to 1019.69 index points Friday, June 21st. It’s down 0.53 per cent d/d and down 3.52 per cent y/y.

OMXT (of Tallinn) decreased from 1262.29 index points Thursday, June 20th to 1256.16 index points Friday, June 21st. It’s down 0.49 per cent d/d and down 0.86 per cent y/y.

OMXV (of Vilnius) decreased from 668.46 index points Thursday, June 20th to 667.41 index points Friday, June 21st. It’s down 0.16 per cent d/d and down 6.22 per cent y/y.

PX (of Prague) decreased from 1054.01 index points Thursday, June 20th to 1053.47 index points Friday, June 21st. It’s down 0.05 per cent d/d and down 1.03 per cent y/y.

RTS (of Moscow) decreased from 1391.21 index points Thursday, June 20th to 1375.02 index points Friday, June 21st. It’s down 1.16 per cent d/d and up 23.8 per cent y/y.

SAX (of Bratislava) closed at 345.27 index points Friday, June 21st. It’s the same result as Thursday’s. It’s 0 per cent change d/d and up 5.90 per cent y/y.

SOFIX (of Sofia) increased from 577.00 index points Thursday, June 20th to 578.86 index points Friday, June 21st. It’ up 0.20 per cent d/d and down 5.90 per cent y/y.

UX (of Kyiv) closed at 1609.77 index points Friday, June 21st. It’s the same result as Thursday’s. It’s 0 per cent change d/d and up 1.44 per cent y/y.

WIG20 (of Warsaw) decreased from 2319.17 index points Wednesday, June 19th to 2308.32 index points Friday, June 21st. It’s down 0.49 per cent d/d and up 7.32 per cent y/y.

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