Poland: 2018 budget with a deficit under EUR9.8bn

Poland’s MPs vote the 2018 budget (Sejm RP, CC BY)

Czech Republic: unemployment up but still the lowest in 20 year

Croatia cut tax on new car purchases

Poland

The Polish Radio informs that Polish parliament has passed budget bill for 2018. The forecast is the 3.8% of GDP growth. The bill envisages spending at the level of PLN397.2bn and revenues at PLN355.7bn. The deficit will be under PLN41.5bn (EUR9.8bn), thus 2.7 per cent of GDP.

On January 11th 240 MPs voted for and 189 voted against the budget bill.

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Czech Republic

The Czech Labor Office released data on unemployment in December 2017. As the Radio Praha reports, the rate was 3.8 per cent. It was up m/m – as in November 2017 it was 3.5 per cent. Still it was the lowest December’s rate in 20 years.

The number of registered people seeking jobs was 280,000 people. 33.7 per cent of them have been unemployed for more than 12 months. It is also the lowest rate of permanently unemployed since 2010. Radio Praha also informs the largest demand among employers was for skilled employees in technical fields.

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Croatia

Cars become cheaper in Croatia. As the SEE News Corporate Wire reports, the Croatian government wants to cut the tax on new car purchases to stimulate the market growth, improve environmental protection and increase safety in traffic.

As reported, the cabinet has already adopted a regulation under which new cars priced less than EUR20,100 will be tax free ones and without VAT. Cars priced HRK150,000-200,000 will be subject to HRK2,000 of tax, those priced between HRK200,000-HRK250,000 will be subject to HRK4,500 of tax, and those that cost more than HRK600,000 will have HRK60,000 of tax.

The government estimates that the tax burden for all new cars will decrease by an average 32 per cent.

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What’s up in indexes

BET (of Bucharest) increased from 8,019.77 index points Tuesday, January 9th to 8,167.91 index points Thursday, January 11th. It’s up 1.68 per cent d/d and up 12.84 per cent y/y.

BUX (of Budapest) increased from 39,651.23 index points Tuesday, January 10th to 39,772.75 index points Thursday, January 11th. It’s up 0.31 per cent d/d and up 20.63 per cent y/y.

CROBEX (of Zagreb) increased from 1,857.69 index points Wednesday, January 10th to 1,858.08 index points Thursday, January 11th. It’s up 0.02 per cent d/d and down 8.39 per cent y/y.

OMXR (of Riga) decreased from 1,030.87 index points Tuesday, January 10th to 1,027.44 index points Thursday, January 11th. It’s down 0.33 per cent d/d and up 39.02 per cent y/y.

OMXT (of Tallinn) decreased from 1,280.90 index points Tuesday, January 10th to 1,277.09 index points Thursday, January 11th. It’s down 0.30 per cent d/d and up 17.37 per cent y/y.

OMXV (of Vilnius) decreased from 667.03 index points Tuesday, January 10th to 664.13 index points Thursday, January 11th. It’s down 0.43 per cent d/d and up 18.00 per cent y/y.

PX (of Prague) increased from 1,101.73 index points Tuesday, January 10th to 1,107.68 index points Thursday, January 11th. It’s up 0.54 per cent d/d and up 19.37 per cent y/y.

SAX (of Bratislava) closed at 336.01 index points Thursday, January 11th. It’s 0 per cent change d/d and up 5.78 per cent y/y.

SOFIX (of Sofia) increased from 697.93 index points Tuesday, January 10th to 702.78 index points Thursday, January 11th. It’s up 0.69 per cent d/d and up 15.02 per cent y/y.

UX (of Kyiv) increased from 1,447.37 index points Tuesday, January 10th to 1,510.38 index points Thursday, January 11th. It’s up 4.35 per cent d/d and up 87.10 per cent y/y.

WIG20 (of Warsaw) increased from 2,511.27 index points Wednesday, January 10th to 2,534.56 index points Thursday, January 11th. It’s up 0.93 per cent d/d and up 24.82 per cent y/y.

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