Lithuania: Vilnius introduces “pillow tax” declaration system

Vilnius, Congress Hotel, view from the balcony (darius norvilas, CC BY-NC)
Vilnius, view from the hotel balcony (darius norvilas, CC BY-NC)

Quick loans popular in Poland

Bulgaria: 2.2 million people below the poverty line

Lithuania

The authorities of the capital Vilnius expect to earn about EUR2m each year from “pillow tax”. The Baltic Course informs that on August 1st, 2018 the city introduced an online system for hotels and other accommodation providers – through which they could declare their tax revenues.

As reported, businesses are expected to register at turistorinkliava.vilnius.it between August 1st and 10th and declare their tax for July 2018.

“Vilnius introduced the 1-euro-per-night fee in July, 2018 with exemptions for minors, schoolchildren and disabled people. A special exemption for larger tourist groups will be in place until the end of this year” – the Baltic Course claims.

Read more

Poland

The Polish Radio reports citing the Dziennik Gazeta Prawna Daily that quick loans are getting more and more popular in Poland. According to the estimates, in 2017 only seven major companies operating in the sector earned PLN2.4bn (EUR560m). The newspaper says that “the market is much larger”, though. There are nearly 400 loan companies distributing short term loans in Poland.

In 2017 Poles paid interest and fees of at least PLN3bn (EUR700m).

Read more

Bulgaria

The Institute for Social and Trade Union Studies at the Confederation of Independent Trade Unions of Bulgaria (CITUB) informed that 30 per cent on households in Bulgaria “have a total income per person up to BGN321 (EUR164)”. As estimated, it’s about 2.2 million people who live below the poverty line.

Novinite.com reports citing trade union experts that “in a number of areas of the country such as Blagoevgrad, Vidin and Kyustendil show that average wages are only about 50 per cent of the required amount of life support”.

Read more

 

What’s up in indexes

BET (of Bucharest) increased from 7,995.68 index points Tuesday, July 31st to 8,006.07 index points Wednesday, August 1st. It’s up 0.13 per cent d/d and down 3.37 per cent y/y.

BUX (of Budapest) increased from 35,742.06 index points Tuesday, July 31st to 36,207.72 index points Wednesday, August 1st. It’s up 1.30 per cent d/d and down 1.18 per cent y/y.

CROBEX (of Zagreb) decreased from 1,820.01 index points Tuesday, July 31st to 1,811.04 index points Wednesday, August 1st. It’s down 0.49 per cent d/d and down 1.68 per cent y/y.

OMXR (of Riga) decreased from 1,027.02 index points Tuesday, July 31st to 1,023.22 index points Wednesday, August 1st. It’s down 0.37 per cent d/d and up 2.87 per cent y/y.

OMXT (of Tallinn) decreased from 1,258.87 index points Tuesday, July 31st to 1,256.76 index points Wednesday, August 1st. It’s down 0.17 per cent d/d and up 1.45 per cent y/y.

OMXV (of Vilnius) decreased from 717.33 index points Tuesday, July 31st to 715.55 index points Wednesday, August 1st. It’s down 0.25 per cent d/d and up 13.79 per cent y/y.

PX (of Prague) decreased from 1,092.34 index points Tuesday, July 31st to 1,089.51 index points Wednesday, August 1st. It’s down 0.26 per cent d/d and up 7.35 per cent y/y.

SAX (of Bratislava) increased from 325.39 index points Tuesday, July 31st to 325.86 index points Wednesday, August 1st. It’s up 0.14 per cent d/d and down 3.02 per cent y/y.

SOFIX (of Sofia) increased from 634.03 index points Tuesday, July 31st to 634.68 index points Wednesday, August 1st. It’s up 0.10 per cent d/d and down 11.02 per cent y/y.

UX (of Kyiv) decreased from 1,630.09 index points Tuesday, July 31st to 1,627.91 index points Wednesday, August 1st. It’s down 0.13 per cent d/d and up 43.40 per cent y/y.

WIG20 (of Warsaw) increased from 2,302.13 index points Tuesday, July 31st to 2,315.48 index points Wednesday, August 1st. It’s up 0.58 per cent d/d and down 2.97 per cent y/y.

 

Share this post

TOP