Moody’s confirms Albania’s B1 credit rating

Tirana, Albania (Les Haines, CC BY)

Bulgaria: shadow economy is around 30 per cent of the total GDP

Estonia: entrepreneurial nation

Albania

The rating agency Moody’s confirmed Albania’s B1 credit rating and a stable outlook for the country — the SEE News Corporate Wire informs. The decision was backed by a solid economic growth, improved institutional quality and increased prospects for the start of EU membership negotiations (Albania was granted EU candidate country status in 2014).

The portal quotes Daniela Re Fraschini from Moody’s: “Albania has made notable progress in strengthening the quality of its institutions, while judicial reforms are positive for potential future EU accession talks (…) Real GDP growth is forecast at around 4 per cent over 2018-2019, supported by healthy private consumption and robust investment on the back of major infrastructure projects”.

Read more

Bulgaria

About 500,000 Bulgarians are engaged in undeclared work — Novinite.com reports after the World Bank. It’s 16 per cent of the country’s working population. As reported, each year the shadow economy generates about BGN30bn (EUR15.3bn), which is around 30 per cent of the total economy.

The portal points out that the average shadow economy rate for the countries of the European Union is 18 per cent.

Read more

Estonia

Estonians are probably the most entrepreneurial nation among the EU countries. The Baltic Course informs that 1/5 of FTEs (the country’s residents) wish to become entrepreneur.

The portal presents data from the report by pollster Kantar Emor. It shows that 16 per cent of Estonian residents “hope to establish their own company” in the next 5 years, and 6 per cent “wish to become self-employed”. The majority is planning to engage in business alongside their main employment.

The Baltic Course points out that a total of 14 per cent of Estonians have established their own company.

Read more

What’s up in indexes

BET (of Bucharest) decreased from 8,378.04 index points Tuesday, September 25th to 8,374.90 index points Wednesday, September 26th. It’s down 0.02 per cent d/d and up 5.44 per cent y/y.

BUX (of Budapest) increased from 35,868.88 index points Tuesday, September 25th to 35,996.04 index points Wednesday, September 26th. It’s up 0.35 per cent d/d and down 3.55 per cent y/y.

CROBEX (of Zagreb) decreased from 1,797.04 index points Tuesday, September 25th to 1,790.04 index points Wednesday, September 26th. It’s down 0.39 per cent d/d and up 1.64 per cent y/y.

OMXR (of Riga) increased from 980.91 index points Tuesday, September 25th to 985.78 index points Wednesday, September 26th. It’s up 0.50 per cent change d/d and down 1.94 per cent y/y.

OMXT (of Tallinn) decreased from 1,214.75 index points Tuesday, September 25th to 1,214.21 index points Wednesday, September 26th. It’s down 0.04 per cent d/d and down 0.94 per cent y/y.

OMXV (of Vilnius) increased from 688.70 index points Tuesday, September 25th to 688.90 index points Wednesday, September 26th. It’s up 0.03 per cent d/d and up 7.71 per cent y/y.

PX (of Prague) decreased from 1,106.34 index points Tuesday, September 25th to 1,100.77 index points Wednesday, September 26th. It’s down 0.50 per cent d/d and up 5.59 per cent y/y.

SAX (of Bratislava) closed at 328.07 index points Wednesday, September 26th. It’s 0 per cent change d/d and up 0.27 per cent y/y.

SOFIX (of Sofia) decreased from 623.52 index points Tuesday, September 25th to 623.10 index points Wednesday, September 26th. It’s down 0.07 per cent d/d and down 8.82 per cent y/y.

UX (of Kyiv) increased from 1,634.21 index points Tuesday, September 25th to 1,638.46 index points Wednesday, September 26th. It’s up 0.26 per cent d/d and up 43.67 per cent y/y.

WIG20 (of Warsaw) increased from 2,290.19 index points Tuesday, September 25th to 2,304.45 index points Wednesday, September 26th. It’s up 0.62 per cent d/d and down 5.68 per cent y/y.

Share this post

TOP