Majority of Latvians use smartphones

(loonatic, CC BY-NC-ND)

Unemployment in Poland decreases

Balkan countries accession to be slowed by EU’s crisis

Bulgarian MinFin: deposits and credits to grow in 2017

Latvia

The Baltic Course reports 61 per cent of Latvian residents use smart-phones. The number of users is up 5 per cent y/y. This is the result of a market study done by a Latvian mobile phone operator Latvijas Mobilais Telefons (LMT). 

„According to LMT, 25 per cent of Peruvian residents use smart-phones, 35 per cent of Mexican residents, 41 per cent of Polish residents, 45 per cent of French residents, 60 per cent of Italian and German residents, 68 per cent of British residents, 71 per cent of Spanish residents, 77 per cent of Australian residents, as well as 88 per cent of South Korean residents,” writes Baltic Course. LMT is the oldest mobile operator in Latvia, founded in 1992.

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Poland

The Polish Ministry of Labor, Family and Social Policy informed that the registered unemployment rate in Poland in September 2016 was 8.4 per cent. It dropped by 0.1 percentage point over the month.

The Polish Radio reports that there were 1.33 million unemployed people in Poland in September. 21,200 (1.6 per cent) people less that in August.

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The Balkans

According to experts, the EU crisis will slow Balkan countries accession to the European Union. The Balkan Insight quotes Mark Leonard, director of the European Council on Foreign Relations, saying that „a big push from the European Council to speed up accession negotiations with Southeastern European states would most likely create a backlash among EU member states opposed to further enlargement”. Leonard adds: „There is a huge resistance to the idea of enlargement in many member states at the moment. That is no coincidence that the President of the European Commission, Jean-Claude Juncker, did not even mention enlargement in his annual state-of-the-union address in September”.

There are five recognized candidates for membership:

  1. Macedonia (applied in 2004),
  2. Montenegro (applied in 2008),
  3. Albania (applied in 2009),
  4. Serbia (applied in 2009),
  5. Bosnia and Herzegovina (applied in 2016).

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Bulgaria

Bulgarian Finance Ministry presented the autumn forecast. According to it the deposits in the banking system will continue to grow (of 0.2 per cent in 2016) and credits will increase. „In 2017, private credit will maintain an increasing trend and reach 3 per cent. Credits to businesses are expected to contribute to this development,” Novinite.com writes.

Incomes of employees will continue to grow and, in the period 2016-2019, labour costs will increase by 2.5 per cent in real terms. The Finance Ministry forecast deflation of 1 per cent in 2016 and, next year, the economy will revert to inflation expected to reach 1.5 per cent.

Novinite.com also reports the Finance Ministry raised its expectations for the growth of the economy from 2.1 per cent to 2.6 per cent in 2016, mainly due to growing internal consumption and investments.

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What’s up in indexes

BUX (of Budapest) decreased from 28487.05 index points Wednesday, October 5th to 28399.59 index points Thursday, October 6th. So it dropped by 0.31 per cent d/d. From year-end it’s up 18.72 per cent.

BET (of Bucharest Stock Exchange) decreased from 6963.66 index points Wednesday, October 5th to 6944.44 index points Thursday, October 6th. So it dropped by 0.28 per cent d/d. From year-end it dropped by 0.82 per cent.

PX (of Prague) was up 0.94 per cent d/d – increasing from 881.09 index points Wednesday, October 5th to 889.38 index points Thursday, October 6th. From year-end it dropped by 7.00 per cent.

WIG20 (of Warsaw) was up 0.02 per cent d/d – falling from 1762.23 index points Wednesday, October 5th to 1761.90 index points Thursday, October 6th. From year-end it dropped by 5.23 per cent.

OMXT (of Tallinn) was up 0.15 per cent d/d and up 11.84 per cent from year-end. It increased from 1003.92 index points Wednesday, October 5th to 1005.41 index points Thursday, October 6th.

OMXR (of Riga) dropped by 0.07 per cent d/d. It decreased from 722.51 index points Wednesday, October 5th to 721.98 index points Thursday, October 6th. From year-end it’s up 21.47 per cent.

OMXV (of Vilnius) was up 0.25 per cent d/d and up 12.51 per cent from year-end. It increased from 545.47 index points Wednesday, October 5th to 546.81 index points Thursday, October 6th.

SAX (od Bratislava) increased from 309.72 index points Wednesday, October 5th to 314.26 index points Thursday, October 6th. So it’s up 1.47 per cent d/d. From year-end it’s up 7.49 per cent.

SOFIX (of Sofia) increased from 508.89 index points Wednesday, October 5th to 509.29 index points Thursday, October 6th. So it’s up 0.08 per cent d/d. From year-end it’s up 10.50 per cent.

UX (of Kyiv) was up 1.39 per cent – increasing from 828.02 index points Wednesday, October 5th to 839.56 index points Thursday, October 6th. From year-end it’s up 22.41 per cent.

CROBEX (of Zagreb) was up 0.21 per cent – increasing from 1965.48 index points Wednesday, October 5th to 1969.60 index points Thursday, October 6th. From year-end it’s up 16.57 per cent.

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