New car registrations in Romania up 23 per cent in 2018

Bucharest, Romania (CameliaTWU, CC BY-NC-ND)

The average wage in Slovkia exceeded the EUR1,000

Hungary's 2018 inflation rate lower than the target

Romania

New car registrations in Romania increased by 23.06 per cent in 2018 compared to 2017, reaching a total of 130,919 vehicles. Second-hand vehicle registrations recorded a total of 473,616, an 8.99 per cent decrease y/y, according to a Romanian car construction association ACAROM. Dacia had the highest number of new cars registered — a total of 36,873 units, up 23 per cent y/y. The second was Skoda, with 11,148 vehicles (up 22.3 per cent), followed by Renault (10,629 units, up 37.7 per cent), Volkswagen (10,060 units, up 3.2 per cent) and Ford (9,681 units, up 18.9 per cent).

According to Driving License and Vehicle Registration Regime (DRPCIV), the national car fleet in Romania reached, by the end of 2017, over 7,635 million units, up 8.91 per cent over the previous year. More than 1,.320 million vehicles, out of the total number, were registered in Bucharest.

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Slovakia

The average wage in Slovakia exceeded the EUR1,000 threshold in 2018 for the first time in history, informed Platy.sk website. The average wage increased by 5.6 per cent y/y to EUR1,035. Minimum wage is set to exceed EUR500, from the current EUR480, according to the regulation signed by Prime Minister Peter Pellegrini in November 2018.

“Fundamental reforms, such as the establishment of a clearly defined system of property rights, effective economic law enforcement and institutions to curb fraud and anticompetitive behavior were crucial in allowing Slovakia to operate in a market economy and to cope with competition and market forces,” Mr. Pellegrini said.

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Hungary

Hungary’s 2018 inflation rate averaged 2.8 per cent, lower than the official target of 3 per cent but up from the 2.4 per cent average of 2017, according to a statement published by the Central Statistics Office (KSH).

“Inflation in Hungary slowed to 2.7 per cent y/y in December 2018, from 3.1 per cent in November, and stood at 2.8 per cent on average for the whole of 2018,” KSH said. From November to December, prices fell by 0.3 per cent, after a similar drop from October to November. The Hungarian government expects the consumer price index to remain below 3 per cent in 2019.

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What’s up in indexes

BET (of Bucharest) increased from 6926.41 index points Monday, January 14th to 6994.26 index points Tuesday, January 15th. It’s up 0.86 per cent d/d and down 15.27 per cent y/y.

BUX (of Budapest) decreased from 40668.00 index points Monday, January 14th to 40600.00 index points Tuesday, January 15th. It’s down 0.17 per cent d/d and up 2.58 per cent y/y.

CROBEX (of Zagreb) increased from 1,734.34 index points Monday, January 14th to 1,747.60 index points Tuesday, January 15th. It’s up 0.76 per cent d/d and down 4.31 per cent y/y.

OMXR (of Riga) decreased from 975.74 index points Monday, January 14th to 969.89 index points Tuesday, January 15th. It’s down 0.60 per cent d/d and up 5.42 per cent y/y.

OMXT (of Tallinn) increased from 1195.00 index points Monday, January 14th to 1207.16 index points Tuesday, January 15th. It’s up 1.02 per cent d/d and down 5.03 per cent y/y.

OMXV (of Vilnius) decreased from 635.01 index points Monday, January 14th to 631.69 index points Tuesday, January 15th. It’s down 0.52 per cent d/d and down 4.87 per cent y/y.

PX (of Prague) increased from 1001.15 index points Monday, January 14th to 1004.03 index points Tuesday, January 15th. It’s up 0.29 per cent d/d and down 9.47 per cent y/y.

SAX (of Bratislava) increased from 335.08 index points Monday, January 14th to 336.36 index points Tuesday, January 15th. It’s up 0.38 per cent d/d and down 1.28 per cent y/y.

SOFIX (of Sofia) decreased from 568.00 index points Monday, January 14th to 565.50 index points Tuesday, January 15th. It’s down 0.45 per cent d/d and down 20.83 per cent y/y.

UX (of Kyiv) closed at 1,710.65 index points Tuesday, January 15th. It’s the same result as Monday’s. It’s 0 per cent change d/d and up 13.64 per cent y/y.

WIG20 (of Warsaw) increased from 2327.66 index points Monday, January 14th to 2344.56 index points Tuesday, January 15th. It’s up 0.73 per cent d/d and down 7.79 per cent y/y.

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