One fifth of Hungarians cannot afford a car

Budapest, Hungary (ctj71081, CC BY-NC)

Czech’s purchasing power up

Estonia: production of construction companies increases

Hungary

The Eurostat explains who can and who cannot afford a car in Europe. According to the most recent data, 20.1 per cent of Hungarians don’t have enough money to buy one. As the Budapest Business Journal informs the share “makes the country the third worst member state of the European Union in this regard”. Only Romania and Bulgaria note worst results. 29.8 per cent and, respectively, 20.6 per cent of people living in those countries cannot afford a personal vehicle. The European average is 7 per cent.

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Czech Republic

The average gross monthly wage in the Czech Republic increased to CZK32,000 or EUR1,234.96 in Q2’18 (up 6.2 per cent y/y). At the same time, the purchasing power increased. Radio Praha reports on the new study on the purchasing power of 42 European countries. It shows that the disposable income in the Czech Republic is only just above average, and the country is ranked as the 23rd.

Among the Central and Southeast European (CSE) countries the Czech Republic is just behind Slovenia and Estonia. Czech’s purchasing power per capita exceeds Hungary and Poland.

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Estonia

In Q3’18 the total production of Estonian construction companies (operating domestically and in foreign countries) increased by 16 per cent — the Baltic Course reports. As informed, the production value of those enterprises reached EUR863m.

“Building construction contributed the most to the growth of the domestic construction market. Compared to the same period of the previous year, construction volume increased in new building construction as well as in repair and reconstruction work. The growth was supported also by civil engineering,” the Baltic Course reports.

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What’s up in indexes

BET (of Bucharest) increased from 8,515.53 index points Monday, November 26th to 8,576.12 index points Tuesday, November 27th. It’s up 0.80 per cent d/d and up 10.84 per cent y/y.

BUX (of Budapest) increased from 39,598.29 index points Monday, November 26th to 39,601.70 index points Tuesday, November 27th. It’s up 0.01 per cent d/d and up 0.45 per cent y/y.

CROBEX (of Zagreb) decreased from 1,736.35 index points Monday, November 26th to 1,724.79 index points Tuesday, November 27th. It’s down 0.67 per cent d/d and down 5.29 per cent y/y.

OMXR (of Riga) decreased from 953.67 index points Monday, November 26th to 932.63 index points Tuesday, November 27th. It’s down 2.21 per cent d/d and down 10.48 per cent y/y.

OMXT (of Tallinn) increased from 1,199.99 index points Monday, November 26th to 1,203.47 index points Tuesday, November 27th. It’s up 0.29 per cent d/d and down 2.76 per cent y/y.

OMXV (of Vilnius) increased from 635.95 index points Monday, November 26th to 636.17 index points Tuesday, November 27th. It’s up 0.03 per cent d/d and down 3.50 per cent y/y.

PX (of Prague) decreased from 1,065.16 index points Monday, November 26th to 1,064.39 index points Tuesday, November 27th. It’s down 0.07 per cent d/d up 1.39 per cent y/y.

SAX (of Bratislava) decreased from 331.78 index points Monday, November 26th to 330.54 index points Tuesday, November 27th. It’s down 0.37 per cent d/d and up 2.54 per cent y/y.

SOFIX (of Sofia) decreased from 584.90 index points Monday, November 26th to 583.19 index points Tuesday, November 27th. It’s down 0.29 per cent d/d and down 12.44 per cent y/y.

UX (of Kyiv) decreased from 1,773.14 index points Monday, November 26th to 1,738.25 index points Tuesday, November 27th. It’s down 1.97 per cent d/d and up 35.94 per cent y/y.

WIG20 (of Warsaw) increased from 2,213.57 index points Monday, November 26th to 2,222.85 index points Tuesday, November 27th. It’s up 0.42 per cent d/d and down 10.98 per cent y/y.

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