In Poland share of renewable energy grows

Wind farm in Poland (SCA, CC BY)

Lithuania's central bank forecasts budget deficit after years of surplus

Hungary to boast the strongest GDP growth in Europe

Poland

The use of renewable energy in total energy consumption increased by 0.26 percentage points to 11.16 per cent in 2018, Statistics Poland (GUS) informed. 68.88 per cent of Polish renewable energy was from solid biofuels, 12.55 per cent from wind and 10.33 per cent from liquid biofuels.

According to the report Poland’s greatest success in 2018 was a 40 per cent increase of renewables in transport. Now they account for 5.63 per cent of the mix. The greatest impact in this area has been in the public transport.

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Lithuania

Lithuania’s central bank informed that the 2020 budget has significant amount of questionable revenues from improved tax administration and raises serious doubts with the fiscal discipline rules, DELFI news outlet reports.

The general government balance in 2020 will be worse than the projected surplus of 0.2 per cent of GDP, according to the Bank of Lithuania. The central bank forecasts that the general government balance will show a deficit of 0.2 per cent of GDP next year, after seven successive years of a surplus.

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Hungary

The Hungarian economy grew by 4.8 per cent in Q3’19, the highest level in the EU, Eurostat informed. However, according to data published by the Central Statistical Agency (KSH) Hungary’s GDP rose 5 per cent y/y in the Q3’19. Speaking at a press conference Finance Minister Mihály Varga noted that Hungaryʼs Q3’19 GDP growth was well over the EU’s 1.4 per cent average.

Mr. Varga also added that the growth was supported by government measures to boost employment, improve competitiveness, support home construction and better utilize EU funding, as well as by investment incentives.

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What’s up in indexes

BET (of Bucharest) increased from 9692.51 index points Friday, November 15th to 9722.10 index points Monday, November 18th. It’s up 0.44 per cent d/d and up 13.5 per cent y/y.

BUX (of Budapest) increased from 43384.63 index points Friday, November 15th to 43868.00 index points Monday, November 18th. It’s up 1.11 per cent d/d and up 11.6 per cent y/y.

Monday, November 18th was a non-trading day at Nasdaq Riga. OMXR (of Riga) closed at 1033.21 index points Friday, November 15th. It’s up 11.0 per cent y/y.

OMXT (of Tallinn) decreased from 1256.99 index points Friday, November 15th to 1255.93 index points Monday, November 18th. It’s down 0.08 per cent d/d and up 5.67 per cent y/y.

OMXV (of Vilnius) increased from 712.59 index points Friday, November 15th to 715.46 index points Monday, November 18th. It’s up 0.40 per cent d/d and up 11.6 per cent y/y.

PX (of Prague) decreased from 1083.11 index points Friday, November 15th to 1078.18 index points Monday, November 18th. It’s down 0.46 per cent d/d and down 0.09 per cent y/y.

RTS (of Moscow) decreased from 1449.42 index points Friday, November 15th to 1443.02 index points Monday, November 18th. It’s down 0.44 per cent d/d and up 27.1 per cent y/y.

SAX (of Bratislava) closed at 342.55 index points Monday, November 18th. It’s the same result as Friday’s. It’s 0 per cent change d/d and up 3.90 per cent y/y.

SOFIX (of Sofia) increased from 553.88 index points Friday, November 15th to 555.70 index points Monday, November 18th. It’s up 0.33 per cent d/d and down 6.24 per cent y/y.

UX (of Kyiv) increased from 1487.46 index points Friday, November 15th to 1498.44 index points Monday, November 18th. It’s up 0.74 per cent d/d and down 16.09 per cent y/y.

WIG20 (of Warsaw) decreased from 2233.87 index points Friday, November 15th to 2229.92 index points Monday, November 18th. It’s down 0.18 per cent d/d and up 1.84 per cent y/y.

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