Hungary: central bank’s base rate on hold

Central Bank of Hungary, Budapest, Hungary (Andrew Milligan Sumo, CC BY-SA)

Romania: new CEO of BVB wants to improve liquidity

Lithuanian salaries grew in 2017

Hungary

The Budapest Business Journal informs that the key central bank’s rate will remain at 0.90 per cent, as the Monetary Council of the National Bank of Hungary (MNB) decided on January 30th. The portal reminds that the base rate has been on hold since the spring of 2016.

At the same time, the Council didn’t change the O/N central bank deposit rate keeping it at -0.15 per cent and the O/N collateralized loan rate at 0.0 per cent.

In the statement the Council commented that it “will closely monitor developments in monetary conditions and will ensure the persistence of loose monetary conditions over a prolonged period by using the extended set of monetary policy instruments.”

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and more

Romania

Romania Insider analyzes the future of Bucharest Stock Exchange (BVB). The new CEO, Adrian Tanase announced his goals during his first press conference. Mr. Tanase wants to keep on developing the infrastructure and the environment of the market “to reach its maximum potential”. He’d like Romanian market to be promoted to the Emerging Market status. In order to achieve it, the new CEO wants to double last year’s value of transactions. In 2017 it was EUR10.5m per day.

The steps that should lead to it are:

  • increasing the number of listed companies;
  • making the market more accessible to local and foreign investors;
  • developing the derivatives market and short-selling operations by creating a central clearing house (CCP).

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Lithuania

Lithuanian salaries are rising. According to the Baltic Course, in 2017 real wages were up 5.7 per cent y/y. Average gross monthly wage grew by 8.5 per cent – by EUR66. At the same time, net monthly wage increased by EUR58.

The portal also adds that in 2017 gross wages grew in all economic activities – especially in wholesale and retail trade (by 11.1 per cent) and information and communications (by 10.3 per cent).

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What’s up in indexes

BET (of Bucharest) decreased from 8,423.91 index points Monday, January 29th to 8,363.37 index points Tuesday, January 30th. It’s down 0.72 per cent d/d and up 11.74 per cent y/y.

BUX (of Budapest) decreased from 40,500.12 index points Monday, January 29th to 39,926.42 index points Tuesday, January 30th. It’s down 1.42 per cent d/d and up 22.94 per cent y/y.

CROBEX (of Zagreb) increased from 1,870.45 index points Monday, January 29th to 1,874.08  index points Tuesday, January 30th. It’s down 1.42 per cent d/d and up 22.794 per cent y/y.

OMXR (of Riga) increased from 1,035.62 index points Monday, January 29th to 1,036.16 index points Tuesday, January 30th. It’s up 0.05 per cent d/d and up 37.22 per cent y/y.

OMXT (of Tallinn) increased from 1,289.24 index points Monday, January 29th to 1,290.81 index points Tuesday, January 30th. It’s up 0.12 per cent d/d and up 17.36 per cent y/y.

OMXV (of Vilnius) increased from 728.69 index points Monday, January 29th to 729.74 index points Tuesday, January 30th. It’s up 0.14 per cent d/d and up 29.03 per cent y/y.

PX (of Prague) decreased from 1,131.23 index points Monday, January 29th to 1,127.39 index points Tuesday, January 30th. It’s down 0.34 per cent d/d and up 21.12 per cent y/y.

SAX (of Bratislava) increased from 334.65 index points Monday, January 29th to 338.96 index points Tuesday, January 30th.  It’s up 1.29 per cent d/d and up 10.16 per cent y/y.

SOFIX (of Sofia) increased from 709.45 index points Monday, January 29th to 710.80 index points Tuesday, January 30th.  It’s up 0.19 per cent d/d and up 16.59 per cent y/y.

UX (of Kyiv) increased from 1,463.10 index points Monday, January 29th to 1,480.77 index points Tuesday, January 30th. It’s up 1.21 per cent d/d and up 71.15 per cent y/y.

WIG20 (of Warsaw) decreased from 2,593.40 index points Monday, January 29th to 2,566.14 index points Tuesday, January 30th. It’s down 1.05 per cent d/d and up 25.09 per cent y/y.

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