Kosovo with draft program of economic reforms

Pristina, Kosovo (Marco Fieber, CC BY-NC-ND)

Prices increase in Slovakia

Hungary: The World Bank raises 2017 growth forecast

Kosovo

Kosovo wants to remove all the obstacles to doing business in the country. SEE News Corporate Wire reports that the government revealed a draft program for economic reforms planned for the period 2018-2020. It’s a kind of an assessment tool, which also identifies „concrete measures for structural reforms in nine priority areas, such as public finance management, energy and transport, agriculture, industry and services, business environment and the reduction of informal economy, innovation and the digital economy, trade, education, the labor market, and social care.”  

The program will be coordinated with the European Commission, so that it could observe Kosovo’s performance as a potential applicant for the EU membership.

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Slovakia

In 2017 the average inflation of Slovakia was 1.26 per cent rate. As “Slovak Spectator” reports, inflation “resumed after the three-year break”. The last time when prices increased was in 2013 (at 1.4 per cent rate). In 2014, 2015 and 2016 inflation declined – respectively – by 0.1 per cent, 0.3 per cent and 0.5 per cent y/y.

Experts from Slovenská Sporiteľňa claim the inflation growth was due to the increase of food and services prices. They expect the 2018 rate will reach 2 per cent.

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Hungary

The World Bank raised Hungary’s 2017 growth forecast by 0.2 percentage point, 2018 and 2019 forecasts by 0.1 percentage point – compared to its June 2017 projections. The data from the “Global Economic Prospects” shows that Hungary’s GDP will grow 3.9 per cent in 2017, 3.8 per cent in 2018 and 3.1 per cent in 2019.

Nevertheless, the Budapest Business Journal points out that the most recent World Bank’s forecast is still below the projections of the Hungarian Ministry for National Economy published in December 2017. According to the Ministry, the country’s economic growth will be 4.1 per cent in 2017, 4.3 per cent in 2018 and 3.8 per cent in 2019.

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What’s up in indexes

BET (of Bucharest) decreased from 8,269.05 index points Friday, January 12th to 8,253.47 index points Monday, January 15th. It’s down 0.19 per cent d/d and up 15.56 per cent y/y.

BUX (of Budapest) decreased from 39,877.86 index points Friday, January 12th to 39,579.11 index points Monday, January 15th. It’s down 0.75 per cent d/d and up 19.95 per cent y/y.

CROBEX (of Zagreb) decreased from 1,871.58 index points Friday, January 12th to 1,870.76 index points Monday, January 15th. It’s down 0.04 per cent d/d and down 7.40 per cent y/y.

OMXR (of Riga) decreased from 1,029.78 index points Friday, January 12th to 1,025.50 index points Monday, January 15th.  It’s down 0.42 per cent d/d and up 38.29 per cent y/y.

OMXT (of Tallinn) increased from 1,270.72 index points Friday, January 12th to 1,271.08 index points Monday, January 15th. It’s up 0.03 per cent d/d and up 16.62 per cent y/y.

OMXV (of Vilnius) decreased from 664.83 index points Friday, January 12th to 664.03 index points Monday, January 15th. It’s down 0.12 per cent d/d and up 17.44 per cent y/y.

PX (of Prague) increased from 1,108.81 index points Friday, January 12th to 1,109.09 index points Monday, January 15th. It’s up 0.03 per cent d/d and up 19.62 per cent y/y.

SAX (of Bratislava) closed at 336.19 index points Monday, January 15th. It’s 0 per cent change d/d and up 6.01 per cent y/y.

SOFIX (of Sofia) increased from 710.02 index points Friday, January 12th to 714.31 index points Monday, January 15th. It’s up 0.60 per cent d/d and up 17.61 per cent y/y.

UX (of Kyiv) decreased from 1,513.85 index points Friday, January 12th to 1,505.31 index points Monday, January 15th. It’s down 0.56 per cent d/d and up 83.31 per cent y/y.

WIG20 (of Warsaw) increased from 2,539.29 index points Friday, January 12th to 2,542.65 index points Monday, January 15th. It’s up 0.13 per cent d/d and up 26.13 per cent y/y.

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