Moody’s: Poland’s outlook up

Moody's headquarters, 7 World Trade Center, NYC, USA (Wally Gobetz, CC BY-NC-ND)

Bulgaria with second lowest life expectancy in EU

Lithuania will spend EUR50m on renovating old blocks of flats

Poland

Moody’s rating agency raised its outlook for Poland from negative to stable, and kept the country’s credit rating unchanged at A2. According to the agency “the downside risks to the fiscal stance that led to the negative outlook one year ago are abating” and risks of loose fiscal policy are reduced, “with the headline fiscal balance adhering to the 3 per cent of GDP limit and public debt stabilizing at or near the current level of 55 per cent of GDP”.

Moody’s has also underlined that the investment climate “did not significantly deteriorated”. The agency wrote in its statement that “FDIs have stayed close to its long-term trend (10- year average of 3.0 per cent of GDP) and remain an important source of growth. Poland’s attractiveness to investors rests on fundamentals such as the size of its market, good transport infrastructure, its strategic location, a relatively good business environment (Poland ranked 24th out of 190 countries in a 2017 Doing Business survey) and an affordable, well-educated labour force. The country has been successfully tapping its strength in providing advanced business services, including IT as well as back and middle office operations, as a key FDI destination sector.”

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Bulgaria

Bulgarian media are worried because of Bulgarians’ poor longevity. As the data from the National Statistical Institute (NSI) shows, the country has the second lowest life expectancy at birth in the European Union. As SEENews Corporate Wire reports: “Life expectancy calculated for the years 2014-2016 is 74.7 years”. It is expected that men will live 71.2 years and women 78.2 years. In general it’s 0.2 per cent longer compared with the period 2013-2015.

Life expectancy at birth varies in the regions. In the southern Kazdzhali district is 76.4 years and in the capital region of Sofia it’s 72.6 years.

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Lithuania

Lithuanian blocks of flats will get a new life. As the Baltic Course reports, Lithuanian Public Investment Development Agency has signed an agreement with the European Bank for Reconstruction and Development (EBRD). Upon the agreement the country will be granted EUR50m loan to renovate blocks of flats build in the 1980s, 1990s and even earlier.

There are 38,000 old apartment buildings, dormitories and public buildings in Lithuania. Among them 35,000 were constructed in the 1990s and earlier. Only 4 per cent were renovated so far.

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What’s up in indexes

BET (of Bucharest) increased from 8,365.02 index points Thursday, May 11th to 8,407.67 index points Friday, May 12th. It’s up 0.49 per cent d/d and up 30.28 per cent y/y.

BUX (of Budapest) increased from 33,858.88 index points Thursday, May 11th to 34,435.53 index points Friday, May 12th. It’s up 1.70 per cent d/d and up 28.25 per cent y/y.

CROBEX (of Zagreb) decreased from 1,886.49 index points Thursday, May 11th to 1,885.17 index points Friday, May 12th. It’s down 0.07 per cent d/d and up 14.31 per cent y/y.

OMXR (of Riga) increased from 831.58 index points Thursday, May 11th to 833.85 index points Friday, May 12th. It’s up 0.27 per cent d/d and up 31.66 per cent y/y.

OMXT (of Tallinn) decreased from 1,128.02 index points Thursday, May 11th to 1,127.30 index points Friday, May 12th. It’s down 0.06 per cent d/d and up 14.32 per cent y/y.

OMXV (of Vilnius) decreased from 589.35 index points Thursday, May 11th to 588.25 index points Friday, May 12th. It’s down 0.19 per cent d/d and up 14.94 per cent y/y.

PX (of Prague) increased from 1,012.81 index points Thursday, May 11th to 1,017.96 index points Friday, May 12th. It’s up 0.51 per cent d/d and up 16.81 per cent y/y.

SAX (of Bratislava) increased from 308.16 index points Wednesday, May 10th to 308.68 index points Friday, May 12th. It’s up 0.17 per cent Wednesday to Friday. It’s down 4.94 percent y/y.

SOFIX (of Sofia) increased from 654.25 index points Thursday, May 11th to 654.97 index points Friday, May 12th. It’s up 0.11 per cent d/d and up 48.80 per cent y/y.

UX (of Kyiv) increased from 999.71 index points Thursday, May 11th to 1,008.53 index points Friday, May 12th. It’s up 0.88 per cent y/y and up 57.97 index points y/y.

WIG20 (of Warsaw) increased from 2,364.93 index points Thursday, May 11th to 2,368.50 index points Friday, May 12th. It’s up 0.15 per cent d/d and up 30.42 per cent y/y.

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