Hungary with the record unemployment

Budapest, Hungary (Magnus Franklin, CC BY-NC)

Latvia: Aldis Gobzems to become new PM

Free trade between Albania and Kosovo

Hungary

As the bne IntelliNews reports labor unions denounced a planned change to the labor code, submitted to parliament yesterday, that would increase the overtime threshold from 250 hours a year to 400 hours. Hungary’s unemployment rate is an all-time low and companies are struggling to find skilled and in many cases unskilled workers. Officially there are some 100,000 unfilled jobs, but industry sources say the actual figure is three times higher.

“As a result of the challenges caused by low unemployment, companies had long been asking the government to ensure sufficient workforce to carry out their investment projects,” said Foreign Minister Peter Szijjarto. According to Hungarian authorities the new legislation would be helpful for these sectors in which product cycles are as long as six to seven years for adjusting output to demand.

Read more

Latvia

It is almost sure that Aldis Gobzems (from KPV LV) will become the next Latvia’s Prime Minister. Leta agency informs that President Raimonds Vejonis nominated Gobzems as the new candidate for the position.

As explained, “The president gave Gobzems two weeks to secure sufficient support for his government in Saeima [Latvian parliament], pick cabinet ministers and draft a government declaration. In case Mr. Gobzems fails to form a government, his nomination would be recalled, but Mr. Vejonis hopes that this time an agreement would be reached.”

Read more

Albania and Kosovo

Albania and Kosovo would “scrap all trade barriers in H1’19” — the SEE News Corporate Wire informs. Albania’s Prime Minister Edi Rama explained that in 2019 Kosovo will establish its customs office in Albania’s biggest sea port of Durres. Both countries will work towards harmonization of legislation for all documents and certificates of products.

Few days ago Kosovo’s government informed it increased to 100 per cent the import tax on all goods produced in Serbia and Bosnia.

Read more

What’s up in indexes

BET (of Bucharest) increased from 8,522.78 index points Friday, November 23rd to 8,515.53 index points Monday, November 26th. It’s up 0.40 per cent d/d and up 10.05 per cent y/y.

BUX (of Budapest) increased from 39,379.78 index points Friday, November 23rd to 39,598.29 index points Monday, November 26th. It’s up 0.55 per cent d/d and up 0.44 per cent y/y.

CROBEX (of Zagreb) increased from 1,729.34 index points Friday, November 23rd to 1,736.35 index points Monday, November 26th. It’s up 0.41 per cent d/d and down 4.49 per cent y/y.

OMXR (of Riga) increased from 953.33 index points Friday, November 23rd to 953.67 index points Monday, November 26th. It’s up 0.04 per cent d/d and down 8.46 per cent y/y.

OMXT (of Tallinn) increased from 1,198.48 index points Friday, November 23rd to 1,199.99 index points Monday, November 26th. It’s up 0.13 per cent d/d and down 3.04 per cent y/y.

OMXV (of Vilnius) increased from 634.31 index points Friday, November 23rd to 635.95 index points Monday, November 26th. It’s up 0.26 per cent d/d and down 3.53 per cent y/y.

PX (of Prague) increased from 1,062.42 index points Friday, November 23rd to 1,065.16 index points Monday, November 26th. It’s up 0.26 per cent d/d up 1.46 per cent y/y.

SAX (of Bratislava) increased from 331.01 index points Friday, November 23rd to 331.78 index points Monday, November 26th. It’s up 0.23 per cent d/d and up 2.93 per cent y/y.

SOFIX (of Sofia) decreased from 588.93 index points Friday, November 23rd to 584.90 index points Monday, November 26th. It’s down 0.68 per cent d/d and down 12.18 per cent y/y.

UX (of Kyiv) increased from 1,765.24 index points Friday, November 23rd to 1,773.14 index points Monday, November 26th. It’s up 0.45 per cent d/d and up 38.67 per cent y/y.

WIG20 (of Warsaw) decreased from 2,225.39 index points Friday, November 23rd to 2,213.57 index points Monday, November 26th. It’s down 0.53 per cent d/d and down 10.72 per cent y/y.

Share this post

TOP