In Poland supply of new housing still lower than demand

(Neo[EZN], CC BY-SA)

Thomas Cook bankruptcy will impact Bulgarian banks

Trust in Czech economy the lowest in five years

Poland

Poland is building the largest number of new flats in Central Europe, but this is still not enough to satisfy demand, a new Deloitte’s study has found. Last year 184,800 new flats were constructed on the domestic real estate market, which totaled 4.81 new flats per 1,000 inhabitants. Only Norway (6.16) and France (6.86) achieved a higher percentage of new dwellings per 1,000 inhabitants.

However, according to Deloitte, these construction records are not enough to satisfy the demand for flats in Poland. There are 380.7 flats per 1,000 Poles, which is the worst result in all of Europe. According to estimates by HRE Think Tank, the Polish housing market is still short of around 2.1 million flats.

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Bulgaria

The bankruptcy of British tour operator Thomas Cook is “credit negative” for Greek, Cypriot and Bulgarian banks because it reduces the cash flow of businesses in the tourism sectors of these countries, ratings agency Moody’s said in its report.

Moody’s also stressed that Bulgarian banks are already struggling to deal with a high number of non-performing loans.

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Czech Republic

The level of overall trust in the Czech economy has fallen to a five year low, Czech Statistical Office informed.

“Some in the Czech Republic have been worried about the recent slump in the neighboring German economy and what effects it could have on Czechia,” Radio Praha commented.

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What’s up in indexes

BET (of Bucharest) increased from 9499.85 index points Wednesday, September 25th to 9528.24 index points Thursday, September 26th. It’s up 0.27 per cent d/d and up 13.8 per cent y/y.

BUX (of Budapest) decreased from 40554.00 index points Wednesday, September 25th to 40534.28 index points Thursday, September 26th. It’s down 0.05 per cent d/d and up 12.6 per cent y/y.

OMXR (of Riga) increased from 1027.23 index points Wednesday, September 25th to 1027.76 index points Thursday, September 25th. It’s up 0.05 per cent d/d and up 4.78 per cent y/y.

OMXT (of Tallinn) decreased from 1235.47 index points Wednesday, September 25th to 1232.05 index points Thursday, September 26th. It’s down 0.28 per cent d/d and up 1.42 per cent y/y.

OMXV (of Vilnius) decreased from 688.36 index points Wednesday, September 25th to 687.53 index points Thursday, September 26th. It’s down 0.12 per cent d/d and down 0.17 per cent y/y.

PX (of Prague) decreased from 1047.57 index points Wednesday, September 25th to 1031.06 index points Thursday, September 26th. It’s down 1.58 per cent d/d and down 6.80 per cent y/y.

RTS (of Moscow) increased from 1354.01 index points Wednesday, September 25th to 1359.59 index points Thursday, September 26th. It’s up 0.41 per cent d/d and up 17.1 per cent y/y.

SAX (of Bratislava) increased from 338.30 index points Wednesday, September 25th to 339.24 index points Thursday, September 26th. It’s up 0.28 per cent d/d and up 3.40 per cent y/y.

SOFIX (of Sofia) increased from 572.00 index points Wednesday, September 25th to 573.60 index points Thursday, September 26th. It’s up 0.24 per cent d/d and down 8.01 per cent y/y.

UX (of Kyiv) increased from 1539.79 index points Wednesday, September 25th to 1561.74 index points Thursday, September 26th. It’s up 1.43 per cent d/d and down 4.68 per cent y/y.

WIG20 (of Warsaw) increased from 2159.68 index points Wednesday, September 25th to 2172.47 index points Thursday, September 26th. It’s up 0.59 per cent d/d and down 5.73 per cent y/y.

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