Poland and the One Belt One Road Forum in China

Poland's PM Beata Szydło and Chinese President Xi Jinping (Kancelaria Premiera, Public domain)

China and Russia will establish USD14.5bn joint investment fund

Low unemployment of young people in Slovakia

Poland

Poland’s PM Beata Szydlo, quoted by the Polish Radio, said than Asian countries, including China, are interested in a closer co-operation with Poland. Szydło took part in a One Belt One Road Forum dedicated to China’s the new Silk Road initiative. Poland’s PM described the One Belt One Road plan as “an initiative that will probably dictate the conditions of economic development in the region in the coming decades(…)It will also affect what happens in countries that want to participate in these projects.”

Chinese President Xi Jinping also expressed the will to increase mutual cooperation under the framework of the One Belt One Road initiative. As the Xinhuanet agency reports Xi noted that Poland was among the first countries to establish diplomatic ties with the People’s Republic of China, and said that China views Poland as an important partner for cooperation in Central and Eastern Europe and within the European Union.

“China is willing to work with Poland to further enrich their comprehensive strategic partnership, by maintaining high-level exchanges between the two countries, and expanding dialogue between their governments, legislative bodies and political parties,” Xi said.

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Russia

The Russia’s President Vladimir Putin also took part in the One Belt One Road Forum. Durgin his visit in China it was announced that China and Russia are planning to set up a joint regional development and cooperation investment fund with a total amount of USD14.5bn to bolster the development of Russia’s Far East and Northeast China.

According to Tass agency Fund’s initial amount totals USD1.45bn.

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Slovakia

Most of the secondary school and university graduates were registered as unemployed for less than six months in the end of last year. The Slovak Spectator reports that the labor offices registered 3,300 school graduates as unemployed for less than three months, more than 6,700 graduates were without a job between four and six months – in total it was 69 per cent of unemployed graduates.

As for the rest of the 14,600 school graduates registered by the labor offices in the end of 2016, nearly 2,800 of them were jobless for seven-nine months, while another 356 for nine months to one year. Nearly 1,500 graduates were without a job for more than 12 months, of whom seven for more than two years.

The biggest number of unemployed was in Prešov Region: 3,500 at the end of last year, and the lowest in Bratislava Region – 801 graduates.

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What’s up in indexes

BET (of Bucharest) increased from 8,407.67 index points Friday, May 12th to 8,460.29 index points Monday, May 15th. It’s up 0.61 per cent d/d and up 31.16 per cent y/y.

BUX (of Budapest) increased from 34,435.53 index points Friday, May 12th to 34,462.02 index points Monday, May 15th. It’s up 0.08 per cent d/d and up 31.30 per cent y/y.

CROBEX (of Zagreb) decreased from 1,885.17 index points Friday, May 12th to 1,867.62 index points Monday, May 15th. It’s down 0.93 per cent d/d and up 13.58 per cent y/y.

OMXR (of Riga) decreased from 833.85 index points Friday, May 12th to 816.57 index points Monday, May 15th. It’s down 2.07 per cent d/d and up 28.61 per cent y/y.

OMXT (of Tallinn) decreased from 1,127.30 index points Friday, May 12th to 1,119.57 index points Monday, May 15th. It’s down 0.69 per cent d/d and up 13.90 per cent y/y.

OMXV (of Vilnius) decreased from 588.25 index points Friday, May 12th to 587.32 index points Monday, May 15th. It’s down 0.16 per cent d/d and up 15.35 per cent y/y.

PX (of Prague) increased from 1,017.96 index points Friday, May 12th to 1,020.51 index points Monday, May 15th. It’s up 0.25 per cent d/d and up 15.62 per cent y/y.

SAX (of Bratislava) decreased from 308.68 index points Friday, May 12th to 307.26 index points Monday, May 15th. It’s down 0.46 per cent d/d and down 1.93 per cent y/y.

SOFIX (of Sofia) increased from 654.97 index points Friday, May 12th to 655.77 index points Monday, May 15th. It’s up 0.12 per cent d/d and up 48.90 per cent y/y.

UX (of Kyiv) decreased from 1,008.53 index points Friday, May 12th to 993.88 index points Monday, May 15th. It’s down 1.45 per cent y/y and up 54.14 index points y/y.

WIG20 (of Warsaw) increased from 2,368.50 index points Friday, May 12th to 2,377.15 index points Monday, May 15th. It’s up 0.37 per cent d/d and up 28.23 per cent y/y.

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