Moldova: 8.6 per cent salary growth in the private sector
Lithuania will spend more than EUR170m on ICT development
Bulgaria: Business property deals reached EUR225m
A Polish-language version of e-commerce giant Amazon was launched in Poland on October 19th. It is the German website of Amazon’s (Amazon.de) that has more than 100 million products and Polish-language customer service. The Polish Radio reports Amazon „also promises to add more Polish product descriptions daily and offer more Poland-made goods”.
Amazon entered Poland in 2014. It has three logistics centers located in the west and southwest of Poland, and offices in Gdańsk, in Northern Poland, as well as in Warsaw. The company has invested some PLN3bn (EUR690m). Its headcount in Poland is 5,500.
Lithuania boosts its investments in information and communication technology (ICT). The country plans to spend on ICT over EUR170m over the next three years. Most of the funds will go toward making various public and administrative services available online.
The Baltic Course reports „the Transport Ministry has drafted a government resolution that calls for revising an inter-institutional action plan for the implementation of the Information Society Development Program for 2014-2020”
The plan allocates nearly EUR52.9m in the next three years for the development of a secure and reliable ITC infrastructure and another EUR50.3m for the creation and promotion of electronic public and administrative services.
As the data from Statistics Lithuania shows, 73 per cent of the country’s households had internet access in the first quarter of 2016. 74 per cent of the population aged between 16 and 74 years used the internet, with the percentage ranging from 26 per cent for the 65-74 age group to 99 per cent for the 16-24 age group.
Salary growth in the private sector averaged 8.6 per cent in 2016. Companies expect that in 2017 salaries will grow 7.9 per cent. Those are results of the 10th edition of PayWell Moldova – Salary and Benefits Survey conducted by PwC Moldova.
„The biggest salary growth was registered in the IT sector (11.3 per cent), the FMCG & industry sector (9.6 per cent) and the banking sector (8.8 per cent), while the telecommunications sector shown the lowest salary growth rates (3.7%). 38 per cent of participating companies increased salaries in the first quarter of the year, while 31% intend to do so in the following quarters,” writes PwC.
The business real estate market in Bulgaria has entered a new phase, moving from stabilization to growth – the consultancy company Cushman&Wakefield claims. According to the survey conducted by the company, real estate deals mainly in business properties reached EUR 225 in the period January-September 2016. The C&W also informs nearly 70 per cent of the contracts were hotels, office buildings, commercial and industrial space.
„Office space rent prices maintain a level of EUR13/sqm, while the rate of return is 8 per cent. Rent office space in the capital varies between 126,000 and 154,000 sqm, with a 60 per cent share accounted for by the IT and outsourcing sectors,” Novinite.com reports after C&W.
What’s up in indexes
BUX (of Budapest) was up 0.54 per cent d/d and up 21.94 per cent from year-end. It increased from 29012.68 index points Tuesday, October 18th to 29168.00 index points Wednesday, October 19th.
BET (of Bucharest Stock Exchange) increased from 6849.50 index points Tuesday, October 18th to 6870.87 index points Wednesday, October 19th. So it’s up 0.39 per cent. From year-end it dropped by 1.87 per cent.
PX (of Prague) increased from 915.33 index points Tuesday, October 18th to 922.50 index points Wednesday, October 19th. So it’s up 0.78 per cent d/d. From year-end it dropped by 3.54 per cent.
WIG20 (of Warsaw) was up 1.35 per cent d/d. It increased from 1721.21 index points Tuesday, October 18th to 1744.53 index points Wednesday, October 19th. From year-end it dropped by 6.17 per cent.
OMXT (of Tallinn) increased from 1019.54 index points Wednesday, October 18th to 1023.58 index points Thursday, October 19th. So it’s up 0.39 per cent d/d. From year-end it’s up 13.86 per cent.
OMXR (of Riga) decreased from 716.78 index points Tuesday, October 18th to 714.87 index points Wednesday, October 19th. So it dropped by 0.27 per cent d/d. From year-end it’s up 20.28 per cent.
OMXV (of Vilnius) increased from 547.89 index points Tuesday, October 18th to 546.78 index points Wednesday, October 19th. So it dropped 0.20 per cent d/d. From year-end it’s up 12.51 per cent.
SAX (od Bratislava) was up 0.09 per cent – increasing from 314.46 index points Tuesday, October 18th to 314.73 index points Wednesday, October 19th. From year-end it’s up 7.66 per cent.
SOFIX (of Sofia) was up 0.28 per cent increasing from 504.89 index points Tuesday, October 18th to 506.31 index points Wednesday, October 19th. From year-end it’s up 9.85 per cent.
UX (of Kyiv) decreased from 843.45 index points Tuesday, October 18th to 838.81 index points Wednesday, October 19th. So it dropped by 0.55 per cent. From year-end it’s up 22.30 per cent.
CROBEX (of Zagreb) decreased from 1982.46 index points Tuesday, October 18th to 1981.71 index points Wednesday, October 19th. It dropped by 0.04 per cent.