Hungary’s central bank’s rate kept at 0.90 per cent

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

Severe weather destroyed 25 per cent of Czech fruits

68 per cent Bulgarians didn’t buy a book in 2016

Hungary

As it was predicted, on May 23rd the Monetary Council of the National Bank of Hungary (MNB) kept the base rate at 0.90 per cent. The rate has been kept at this level for a year, since MNB signaled an end to the easing cycle.

The BBJ comments: “However, rate-setters have made use of ‘unconventional, targeted’ instruments to ease monetary policy further, such as placing a limit on the stock of three-month deposits, the central bank’s main instrument for sterilizing liquidity, as well as modifying the interest rate corridor, a band around the base rate that prevents extreme fluctuations of interbank rates.”

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Czech Republic

Radio Praha reports about Czech agriculture problems. A quarter of Czech’s fruit production was damaged by severe frosts in April and May. Producers losses reach approx. EUR17m. The most severe damage was caused to apricots, peaches and apples (the main fruit commodity in the country), but also to plums and currants.

In 2016 farmers in Czech Republic had the same problem. Radio Praha quotes Martin Ludvik, the head of the fruit growers’ union, saying „(…) Some of the fruit businesses are threatened after suffering for a second year in a row. Last year, the government earmarked CZK133m to compensate for losses, but they amounted CZK400m.”

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Bulgaria

Novinite.com reports that at least 68 per cent Bulgarians didn’t buy a book in 2016. The data was released by the Balkan British Social Surveys (BBSS) and show that the percentage of people who have not bought a book for the last 12 months increases. Among the reported reasons are difficult access to books and growing number of online books.

At the same time the share of people who bought at least one book in 2016 is 32 per cent. There were twice as many women as men.  As reported, “the share of people who read is comprised mostly of young people with higher education, living in larger cities”.

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What’s up in indexes

BET (of Bucharest) increased from 8,489.87 index points Monday, May 22nd to 8,511.95 index points Tuesday, May 23rd. It’s up 0.22 per cent d/d and up 33.29 per cent y/y.

BUX (of Budapest) decreased from 34,875.75 index points Monday, May 22nd to 34,731.00 index points Tuesday, May 23rd. It’s down 0.42 per cent d/d and up 31.72 per cent y/y.

CROBEX (of Zagreb) decreased from 1,856.08 index points Monday, May 22nd to 1,850.86 index points Tuesday, May 23rd. It’s down 0.28 per cent d/d and up 12.22 per cent y/y.

OMXR (of Riga) increased from 832.16 index points Monday, May 22nd to 834.59 index points Tuesday, May 23rd. It’s up 0.29 per cent d/d and up 32.88 per cent y/y.

OMXT (of Tallinn) increased from 1,117.09 index points Monday, May 22nd to 1,118.29 index points Tuesday, May 23rd. It’s up 0.11 per cent d/d and up 13.16 per cent y/y.

OMXV (of Vilnius) decreased from 583.52 index points Monday, May 22nd to 583.49 index points Tuesday, May 23rd.  It’s down 0.01 per cent d/d and up 13.58 per cent y/y.

PX (of Prague) decreased from 1,106.96 index points Monday, May 22nd to 1,007.91 index points Tuesday, May 23rd. It’s down 0.89 per cent d/d and up 15.21 per cent y/y.

SAX (of Bratislava) increased from 306.57 index points Monday, May 22nd to 307.62 index points Tuesday, May 23rd. It’s up 0.34 per cent d/d and down 5.80 per cent y/y.

SOFIX (of Sofia) increased from 655.00 index points Monday, May 22nd to 660.74 index points Tuesday, May 23rd. It’s up 0.88 per cent d/d and up 50.25 per cent y/y.

UX (of Kyiv) increased from 930.85 index points Monday, May 22nd to 936.25 index points Tuesday, May 23rd. It’s up 0.58 per cent d/d and up 47.35 per cent y/y.

WIG20 (of Warsaw) decreased from 2,343.13 index points Monday, May 22nd to 2,307.84 index points Tuesday, May 23rd. It’s down 1.51 per cent d/d and up 26.88 per cent y/y.

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