Latvia with the second lowest expenditures on social security

Riga, Latvia (NakNakNak, CC)

New Polish government to be appointed today

Bulgaria: gas prices up 3 per cent from January

Latvia

Latvia’s social expenditure in 2015 represented only 14.9 per cent of GDP. It was the second lowest level of expenditure on social security in the European Union. The lowest was observed in Romania – 14.6 per cent.

The Baltic Course reports – after the Eurostat – that on average in the EU “old age and survivors benefits accounted for 45 per cent of total social benefits in 2015 and made up the major part of social protection benefits in nearly all member states”. The second kind of expenditure – sickness/health care and disability benefits – accounted for 37 per cent of total social benefits. And family and children benefits accounted for “slightly less” than 9 per cent.

The highest rate of social security expenditures was noted in France (33.9 per cent of GDP), Denmark (32.3 per cent) and Finland (31.6 per cent).

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Poland

The Polish Radio informs that the new Polish cabinet of Mateusz Morawiecki will be appointed today. According to the Polish Press Agency (PAP) sources the ceremony will take place in the afternoon.

The new Prime Minister is obliged to give a speech outlining his cabinet’s program in two weeks after being sworn in. According to PAP he will present his expose on December 12th.

Mateusz Morawiecki, the new Prime Minister, has been Deputy Prime Minister since 2015 (serving at first as Development Minister and then simultaneously as the Minister of Finance). In the period 2007-2015, he was a CEO of Bank Zachodni WBK.

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Bulgaria

Novinite.com reports that the state-owned gas supplier Bulgargaz wants to raise the prices of gas by 3 per cent – starting from January 2018.

The portal points out that the current prices are BGN343.36 (EUR175.55) per 1,000 cubic meters (for quantity) or BGN32.27 (EUR16.50) per MWh (for energy). The new prices have to be approved by the regulator.

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What’s up in indexes

BET (of Bucharest) increased from 7,671.61 index points Thursday, December 7th to 7,693.55 index points Friday, December 8th. It’s up 0.31 per cent d/d and up 12.13 per cent y/y.

BUX (of Budapest) decreased from 38,348.20 index points Thursday, December 7th to 38,232.56 index points Friday, December 8th. It’s down 0.30 per cent d/d and up 24.82 per cent y/y.

CROBEX (of Zagreb) decreased from 1,850.00 index points Thursday, December 7th to 1,849.14 index points Friday, December 8th. It’s down 0.05 per cent d/d and down 4.42 per cent y/y.

OMXR (of Riga) decreased from 1,020.83 index points Thursday, December 7th to 1,018.18 index points Friday, December 8th. It’s down 0.26 per cent d/d and up 37.25 per cent y/y.

OMXT (of Tallinn) increased from 1,227.28 index points Thursday, December 7th to 1,228.54 index points Friday, December 8th. It’s up 0.10 per cent d/d and up 17.14 per cent y/y.

OMXV (of Vilnius) increased from 661.82 index points Thursday, December 7th to 662.32 index points Friday, December 8th. It’s up 0.08 per cent d/d and up 17.90 per cent y/y.

PX (of Prague) increased from 1,055.92 index points Thursday, December 7th to 1,062.35 index points Friday, December 8th. It’s up 0.61 per cent d/d and up 18.10 per cent y/y.

SAX (of Bratislava) increased from 320.09 index points Thursday, December 7th to 326.14 index points Friday, December 8th. It’s up 1.89 per cent d/d and up 7.59 per cent y/y.

SOFIX (of Sofia) decreased from 665.37 index points Thursday, December 7th to 665.29 index points Friday, December 8th. It’s down 0.01 per cent d/d and up 14.71 per cent y/y.

UX (of Kyiv) increased from 1,273.77 index points Thursday, December 7th to 1,277.68 index points Friday, December 8th. It’s up 0.31 per cent d/d and up 59.47 per cent y/y.

WIG20 (of Warsaw) increased from 2,393.34 index points Thursday, December 7th to 2,408.83 index points Friday, December 8th. It’s up 0.65 per cent d/d and up 25.39 per cent y/y.

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