Lithuania signed OECD accession agreement

Vilnius, Lithuania (Pablo Andrés Rivero, CC BY-NC-ND)

Serbia’s new Finance Minister wants to cut debt

The Czech Republic: households debt reaches EUR84bn (CZK2.18tri)

Lithuania

On May 30th Lithuania signed an accession agreement to the Organization for Economic Cooperation and Development (OECD). As the Baltic Course reports, the document was signed by President Dalia Grybauskaite and will come into force after Lithuania’s parliament ratifies it. Lithuania will become the 36th  member of the OECD.

The Baltic Course quotes the Lithuanian President office: „Lithuania is among those countries that have fulfilled membership requirements the fastest: it managed to do all membership related homework in three years from the start of the procedure”.

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Serbia

SeeNews Corporate Wire informs that Sinisa Mali, the new Finance Minister of Serbia, announced his country should reduce the central government debt-to-GDP ratio below 50 per cent by 2019.

The portal quotes Mr. Mali: “We will have stable public finances, but my objective is to ensure money for all development projects, for investments in new infrastructure, new factories, new jobs, reduction of unemployment”.

Serbian debt is equivalent to 57.9 per cent of 2018 GDP. According to the Prime Minister Aleksandr Vucic it is expected to decrease to 52 per cent by the end of 2018.

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Czech Republic

Czech Banking and Non-banking Credit Register informed that Czech household debt reached CZK2.18 trillion (EUR84bn) in Q1’18. According to the report released on May 30th, the debt burden increased 8.7 per cent y/y (CZK175bn or EUR6.7bn).

At the same time, the high-risk debt decreased by CZK4.5bn – to CZK36.6bn (EUR1.4bn). Radio Praha informs that in 2017 the number of people who have trouble repaying their mortgages dropped by 5,000 y/y – to 24,000. Also, the number of clients who didn’t pay off other loans dropped by 10,000 – to 281,000.

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What’s up in indexes

BET (of Bucharest) increased from 8,204.59 index points Tuesday, May 29th to 8,043.24 index points Wednesday, May 30th. It’s up 0.35 per cent d/d and down 8.28 per cent y/y.

BUX (of Budapest) decreased from 34,883.94 index points Tuesday, May 29th to 34,837.13 index points Wednesday, May 30th. It’s down 0.13 per cent d/d and up 1.50 per cent y/y.

CROBEX (of Zagreb) increased from 1,850.63 index points Tuesday, May 29th to 1,854.02 index points Wednesday, May 30th. It’s up 0.18 per cent d/d and up 1.68 per cent y/y.

OMXR (of Riga) increased from 1,046.23 index points Tuesday, May 29th to 1,058.62 index points Wednesday, May 30th. It’s up 1.18 per cent d/d and up 23.71 per cent y/y.

OMXT (of Tallinn) decreased from 1,245.20 index points Tuesday, May 29th to 1,245.13 index points Wednesday, May 30th. It’s down 0.01 per cent d/d and up 11.55 per cent y/y.

OMXV (of Vilnius) decreased from 713.96 index points Tuesday, May 29th to 712.27 index points Wednesday, May 30th. It’s down 0.24 per cent d/d and up 22.86 per cent y/y.

PX (of Prague) increased from 1,073.40 index points Tuesday, May 29th to 1,079.66 index points Wednesday, May 30th. It’s up 0.58 per cent d/d and up 7.31 per cent y/y.

SAX (of Bratislava) increased from 329.31 index points Tuesday, May 29th to 330.65 index points Wednesday, May 30th. It’s up 0.41 per cent d/d and up 8.72 per cent y/y.

SOFIX (of Sofia) decreased from 637.11 index points Tuesday, May 29th to 634.25 index points Wednesday, May 30th. It’s down 0.45 per cent d/d and down 3.81 per cent y/y.

UX (of Kyiv) decreased from 1,693.72 index points Tuesday, May 29th to 1,687.37 index points Wednesday, May 30th. It’s down 0.37 per cent d/d and up 70.51 per cent y/y.

WIG20 (of Warsaw) decreased from 2,191.95 index points Tuesday, May 29th to 2,157.07 index points Wednesday, May 30th. It’s down 1.59 per cent d/d and down 5.90 per cent y/y.

 

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