In Slovakia the number of self-employed grows rapidly

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Latvia: money laundering shrank, problems with contraband remained

Bulgaria: unemployment decreases

Slovakia

As the Slovak Spectator informs registrations of newly self-employed in Slovakia reached record numbers. According to the data from the Bisnode consultancy company, during 2017 almost 29,000 people have registered – mostly in the construction industry. In total there are 350,185 self-employed workers. They are registered in various sectors.

Petra Stepanowa, an analyst from Bisnode comments “We have analysed the data since 1990, and revealed that over the last two years, the increase in the number of established self-employed entrepreneurs is actually at its highest in history. The very good state of the Slovak economy and the associated low unemployment rate are probably behind this phenomenon”.

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Latvia

The Baltic Course publishes data from the Latvian Chamber of Commerce and Industry, showing that “money laundering risks in Latvia have declined”. At the same time, the problems of corruption and contraband still need to be solved.

The Shadow Economy Index, conducted by the Latvian Chamber of Commerce and Industry in cooperation with the Stockholm School of Economics in Riga, indicate that the shadow economy in Latvia is shrinking by 1 per cent on average every year. Currently, it represents about 20-23 per cent of GDP.

At the same time the survey suggests the country still fails in fighting contraband. It has problems with illegal alcohol and cigarettes imports. “Latvia must keep up the efforts, focusing on curbing the contraband as it makes up a large share of the shadow economy. The officials should also make all effort to increase people’s trust in the public sector, reducing the negative public attitude and the risks of corruption,” Jani Endzins from the Latvian Chamber of Commerce and Industry comments.

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Bulgaria

In the period January – October 2017 the average monthly unemployment rate in Bulgaria was 7.3 per cent. According to Bisser Petkov, Minister of Labor and Social Policy, it’s the lowest level of unemployment since 2009. Novinite.com reports that in Q3’17 it dropped to 5.8 per cent.

The portal also points out that in the period mentioned (Jan-Oct) more than 28,000 unemployed people found jobs. 88 per cent of them started working in non-subsidized jobs.

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What’s up in indexes

BET (of Bucharest) decreased from 7,625.95 index points Monday, December 11th to 7,591.50 index points Tuesday, December 12th. It’s down 0.30 per cent d/d and up 9.17 per cent y/y.

BUX (of Budapest) increased from 37,757.75 index points Monday, December 11th to 38,018.26 index points Tuesday, December 12th. It’s up 1.18 per cent d/d and up 24.19 per cent y/y.

CROBEX (of Zagreb) increased from 1,854.45 index points Monday, December 11th to 1,863.45 index points Tuesday, December 12th. It’s up 0.05 per cent d/d.

OMXR (of Riga) increased from 1,008.00 index points Monday, December 11th to 1,019.60 index points Tuesday, December 12th. It’s up 1.15 per cent d/d and up 37.76 per cent y/y.

OMXT (of Tallinn) decreased from 1,223.08 index points Monday, December 11th to 1,196.21 index points Tuesday, December 12th. It’s down 2.20 per cent d/d and up 13.97 per cent y/y.

OMXV (of Vilnius) decreased from 659.35 index points Monday, December 11th to 656.69 index points Tuesday, December 12th. It’s down 0.40 per cent d/d and up 17.40 per cent y/y.

PX (of Prague) increased from 1,058.08 index points Monday, December 11th to 1,059.51 index points Tuesday, December 12th. It’s up 0.14 per cent d/d and up 17.02 per cent y/y.

SAX (of Bratislava) increased from 322.23 index points Monday, December 11th to 323.72 index points Tuesday, December 12th. It’s up 0.43 per cent d/d and up 3.42 per cent y/y.

SOFIX (of Sofia) increased from 665.47 index points Monday, December 11th to 666.99 index points Tuesday, December 12th. It’s up 0.23 per cent d/d and up 14.47 per cent y/y.

UX (of Kyiv) increased from 1,279.62 index points Monday, December 11th to 1,282.59 index points Tuesday, December 12th. It’s up 0.23 per cent d/d and up 64.35 per cent y/y.

WIG20 (of Warsaw) increased from 2,386.93 index points Monday, December 11th to 2,413.68 index points Tuesday, December 12th. It’s up 1.12 per cent d/d and up 28.21 per cent y/y.

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