Kosovo fights crime gangs with ban on gambling

(Matthew Powell, CC BY-ND)

EC supports Latvia in developing a pan-Baltic capital market

Romania unemployment rate hits 20-year low

Kosovo

Kosovo has banned all gambling for the next decade in an attempt to crack down crime after two casino staff were murdered last week. Over the weekend, police boarded up most of the 470 gambling venues operating in the country, ahead of the ban that came into effect on April 1st. Only a state controlled lottery will operate, Prime Minister Ramush Haradinaj announced.

The state revenues from gambling were EUR20m annually. The industry has grown rapidly in the past 10 years. The Gambling Association of Kosovo said it employs 4,000 workers.

Read more

Latvia

The European Commission (EC) and the European Bank for Reconstruction and Development (EBRD) are providing technical expertise to Latvia through the Structural Reform Support Program to develop capital markets within the Baltic States. They recommend developing a single index classification for the Baltic States as a way to raise the profile of the region as an investment destination.

“All Baltic governments, together with the EC, EBRD and Nasdaq, have expressed their interest in arriving at a single pan-Baltic classification by leading index providers,” Pierre Heilbronn, EBRD Vice President, Policy & Partnerships said.

Read more

Romania

Romania’s seasonally adjusted unemployment rate edged down to a new record low — 3.8 per cent in February, from January’s 3.9 per cent, the National Statistics Board said on Monday. Emigration and labor shortage in Romania put increasing pressure on employers to find skilled workers in order to expand their businesses.

The Labor Ministry claims that more than 60,000 jobs are available.

Read more

What’s up in indexes

BET (of Bucharest) increased from 8045.38 index points Friday, March 29th to 8139.75 index points Monday, April 1st. It’s up 1.17 per cent d/d and down 7.18 per cent y/y.

BUX (of Budapest) increased from 41683.78 index points Friday, March 29th to 42057.00 index points Monday, April 1st. It’s up 0.90 per cent d/d and up 11.1 per cent y/y.

OMXR (of Riga) increased from 971.52 index points Friday, March 29th to 978.99 index points Monday, April 1st. It’s up 0.77 per cent d/d and down 6.42 per cent y/y.

OMXT (of Tallinn) increased from 1237.75 index points Friday, March 29th to 1238.48 index points Monday, April 1st. It’s down 0.06 per cent d/d and down 2.42 per cent y/y.

OMXV (of Vilnius) increased from 654.65 index points Friday, March 29th to 655.28 index points Monday, April 1st. It’s up 0.10 per cent d/d and down 6.69 per cent y/y.

PX (of Prague) increased from 1074.39 index points Friday, March 29th to 1084.81 index points Monday, April 1st. It’s up 0.97 per cent d/d and down 2.85 per cent y/y.

RTS (of Moscow) increased from 1198.11 index points Friday, March 29th to 1214.29 index points Monday, April 1st. It’s up 1.35 per cent d/d and down 1.60 per cent y/y.

SAX (of Bratislava) increased from 350.40 index points Friday, March 29th to 354.71 index points Monday, April 1st. It’s up 1.23 per cent d/d and down 7.68 per cent y/y.

SOFIX (of Sofia) increased from 574.30 index points Friday, March 29th to 583.87 index points Monday, April 1st. It’s down 1.65 per cent d/d and down 10.06 per cent y/y.

UX (of Kyiv) increased from 1723.59 index points Friday, March 29th to 1747.33 index points Monday, April 1st. It’s up 1.38 per cent d/d and up 4.91 per cent y/y.

WIG20 (of Warsaw) increased from 2312.09 index points Friday, March 29th to 2340.74 index points Monday, April 1st. It’s up 1.24 per cent d/d and up 4.54 per cent y/y.

Share this post

TOP