In Hungary real estate prices will increase in the next 12 months

Budapest, Hungary (habeebee, CC BY-NC-ND)

A decent living in Romania costs monthly EUR1,451

Polish government to overhaul the country’s income tax system

Hungary

The economic research institute GKI informed that real estate prices in Hungary are set to increase in the next 12 months. The biggest increase will be observed in the sector of residential resales. The smallest increase will be noticed in warehouse facilities.

The Budapest Business Journal reports that prices of resale homes are expected to grow 3.3 per cent in the next 12 months, prices of new homes by 2.7 per cent, prices of office buildings and store facilities by 3 per cent and prices of warehouse facilities by 1.7 per cent.

According to GKI prices will increase the most in the western part of Hungary.

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Romania

A decent living in Romania for a family of four (two adults and two children) costs RON6,762 (EUR1,451) per month – the study conducted by Sydnex, the Quality of Life Research Institute and Friedrich Ebert Stiftung, shows.

Romania Insider gives the following definition of a decent living: “having all the biological and social needs covered at a certain point. (…) This includes a balanced diet, new clothes and shoes, a home that offers some degree of autonomy and intimacy to the family members, equipped with furniture and appliances in a good state, the possibility to pay all bills, cover for health costs, go to the cinema and museum and have a holiday once a year”.

As reported, for a family with one child the minimum consumer basket for a decent living is RON5,551 (EUR1,191). For a childless family it is RON4,146 (EUR890) and for a single person – RON2,552 (EUR548).

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Poland

The cabinet of Mateusz Morawiecki announced that it has already begun working “to overhaul the country’s income tax system”. Deputy Finance Minister Filip Świtała told to the Polish Radio that the government wants to make the income tax simpler.

“The new system will have separate regulations for taxpayers who derive their income exclusively from employment and those who report business income,” Mr. Świtała said.

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What’s up in indexes

BET (of Bucharest) increased from 8,503.79 index points Tuesday, October 30th to 8,538.47 index points Wednesday, October 31st. It’ up 0.41 per cent d/d and up 8.87 per cent y/y.

BUX (of Budapest) increased from36,444.72 index points Tuesday, October 30th to 37,155.21 index points Wednesday, October 31st. It’s up 1.95 per cent d/d and down 6.20 per cent y/y.

CROBEX (of Zagreb) decreased from 1,789.68 index points Tuesday, October 30th to 1,779.13 index points Wednesday, October 31st. It’s down 0.59 per cent d/d and down 2.77 per cent y/y.

OMXR (of Riga) increased from 935.72 index points Tuesday, October 30th to 952.60 index points Wednesday, October 31st. It’s up 1.80 per cent d/d and down 6.76 per cent y/y.

OMXT (of Tallinn) decreased from 1,187.61 index points Tuesday, October 30th to 1,180.57 index points Wednesday, October 31st. It’s down 0.59 per cent d/d and down 2.94 per cent y/y.

OMXV (of Vilnius) decreased from 654.11 index points Tuesday, October 30th to 651.01 index points Wednesday, October 31st. It’s down 0.47 per cent d/d and down 1.46 per cent y/y.

PX (of Prague) increased from 1,049.82 index points Tuesday, October 30th to 1,066.61 index points Wednesday, October 31st. It’s up 1.60 per cent d/d up 0.09 per cent y/y.

SAX (of Bratislava) increased from 332.83 index points Monday, October 29th to 334.06 index points Wednesday, October 31st. It’s up 0.37 per cent d/d and up 4.23 per cent y/y.

SOFIX (of Sofia) decreased from 597.44 index points Tuesday, October 30th to 596.81 index points Wednesday, October 31st. It’s down 0.11 per cent d/d and down 11.11 per cent y/y.

UX (of Kyiv) increased from 1,738.04 index points Tuesday, October 30th to 1,740.81 index points Wednesday, October 31st. It’s up 0.16 per cent d/d and up 36.48 per cent y/y.

WIG20 (of Warsaw) increased from 2,122.73 index points Tuesday, October 30th to 2,151.88 index points Wednesday, October 31st. It’s up 1.37 per cent d/d and down 14.77 per cent y/y.

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