Latvia reduces the number of employees of public administration

City Hall, Riga, Latvia (Voytek S, CC BY-SA)

Bulgarians will spend EUR119 on average for Christmas online shopping

Ukraine: tobacco excise duties to be increased by 29.7 per cent

Latvia

Latvian government plans to reduce the number of persons working within the state administration by 6 per cent by 2020. The Baltic Course informs that staring from 2018 Latvia will be reducing the headcount by 2 per cent per year. According to the State Chancellery it is “necessary to achieve the average figure of public employment and not to exceed it”. The number of employees to be laid off reaches 50,000.

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Ukraine

The Interfax reports that Ukraine’s parliament (Verkhovna Rada) passed at the first reading amendments to the Tax Code of Ukraine. The lawmakers plan to increase tobacco excise tax by 29.7 per cent, environment tax by 11.2 per cent and royalty (apart from production of extractable resources) by 16.8 per cent.

The new law envisages the gradual increase of the excise rate for tobacco – by 29.7 per cent in 2018 and next years – by 20 per cent “to the level equivalent to EUR90 per 1,000 cigarettes”.

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Bulgaria

Novinite.com reports that on an average Bulgarians will spend BGN235 (EUR119) on online shopping in the season. It means they will spend 4 per cent more. According to the data from the study conducted by Pazaruvaj.com, this year “online shoppers will buy gifts for about 5-6 people, above all – for the narrow family circle. The average value of the gift will be BGN49. Friends surprise gifts will be 30 per cent of the consumers, as the gift will be at an average of BGN40. The colleagues are in the back places, giving them a gift will cost BGN18”.

The most popular gifts will be clothes, toys and book.

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What’s up in indexes

BET (of Bucharest) decreased from 7,804.73 index points Tuesday, November 14th to 7,731.54 index points Wednesday, November 15th.  It’s down 0.94 per cent d/d and up 12.45 per cent y/y.

BUX (of Budapest) decreased from 39,140.44 index points Tuesday, November 14th to 38,615.11 index points Wednesday, November 15th. It’s down 1.34 per cent d/d and up 28.15 per cent y/y.

CROBEX (of Zagreb) increased from 1,842.63 index points Tuesday, November 14th to 1,847.71 index points Wednesday, November 15th. It’s up 0.28 per cent and down 6.37 per cent y/y.

OMXR (of Riga) decreased from 1,035.65 index points Tuesday, November 14th to 1,032.91 index point Wednesday, November 15th. It’s down 0.26 per cent d/d and up 45.71 per cent y/y.

OMXT (of Tallinn) decreased from 1,228.68 index points Tuesday, November 14th to 1,225.44 index points Wednesday, November 15th. It’s down 0.26 per cent d/d and up 19.44 per cent y/y.

OMXV (of Vilnius) decreased from 662.22 index points Tuesday, November 14th to 661.24 index points Wednesday, November 15th. It’s down 0.15 per cent d/d and up 18.06 per cent y/y.

PX (of Prague) decreased from 1,062.45 index points Tuesday, November 14th to 1,052.88 index points Wednesday, November 15th. It’s down 0.90 per cent d/d and up 16.38 per cent y/y.

SAX (of Bratislava) increased from 315.71 index points Tuesday, November 14th to 319.32 index points Wednesday, November 15th. It’s up 1.14 per cent d/d and up 1.56 per cent y/y.

SOFIX (of Sofia) decreased from 670.66 index points Tuesday, November 14th to 669.04 index points Wednesday, November 15th. It’s down 0.24 per cent d/d and up 24.24 per cent y/y.

UX (of Kyiv) decreased from 1,264.47 index points Tuesday, November 14th to 1,261.62 index points Wednesday, November 15th. It’s down 0.23 per cent d/d and up 59.47 per cent y/y.

WIG20 (of Warsaw) decreased from 2,464.35 index points Tuesday, November 14th to 2,418.96 index points Wednesday, November 15th. It’s down 1.84 per cent d/d and up 37.91 per cent y/y.

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