Poland: current-account surplus for the first time in 22 years

Warsaw, Poland (Guido Heitkoetter, CC BY-ND)

High labor force participation rate in Estonia

Bulgaria hopes for 50,000 Chinese tourists in 2018

Poland

In 2017 Poland recorded a current-account surplus for the first time in 22 years, according to the Polish Radio. As reported, the official balance-of-payments data shows a surplus of EUR346m.

The Polish Radio quotes Puls Biznesu daily: “The latest data shows that the Polish economy is in equilibrium and that positive changes are taking place.” Also, the composition of Poland’s balance of payments is changing. It is worth noticing that the balance of services was several times higher in 2017 that few years ago.

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Estonia

The Baltic Course publishes data on Estonian labor market in 2017. According to the data from the Statistics Estonia the unemployment rate was 5.8 per cent, the employment rate was 67.5 per cent and the labor force participation was 71.6 per cent.

“Employment and labor force participation remained high throughout 2017, reaching the highest levels in 20 years. In the Q4, the youth (15–24 year old) unemployment rate was very low – 6.2 per cent.” the portal comments.

In 2017, almost 700,000 persons wereactive on the labor market. The number of inactive persons continued to decline with an average of 277,000.

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Bulgaria

Bulgaria wants to welcome 40,000-50,000 Chinese tourists in 2018, Novinite.com informs. The portal quotes Bulgarian Minister of Tourism Nikolina Angelkova, adding: “If we start working on the joint tourist products, we could realistically expect about 100,000”.

Ms. Angelkova informed that the country focuses to develop direct flights between Sofia and Beijing and a map of 100 European tourist attractions. Bulgaria plans to take advantage of cooperating with the World Tourist Organization and UNESCO.

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What’s up in indexes

BET (of Bucharest) decreased from 8,138.07 index points Tuesday, February 13th to 8,140.11 index points Wednesday, February 14th. It’s down 0.01 per cent d/d and up 6.98 per cent y/y.

BUX (of Budapest) increased from 38,387.29 index points Tuesday, February 13th to 38,454.00 index points Wednesday, February 14th. It’s up 0.17 per cent d/d and up 14.02 per cent y/y.

CROBEX (of Zagreb) decreased from 1,863.89 index points Tuesday, February 13th to 1,851.09 index points Wednesday, February 14th. It’s down 0.69 per cent d/d and down 12.52 per cent y/y.

OMXR (of Riga) increased from 1,003.91 index points Tuesday, February 13th to 1,023.10 index points Wednesday, February 14th. It’s up 1.91 per cent d/d and up 37.24 per cent y/y.

OMXT (of Tallinn) increased from 1,267.82 index points Tuesday, February 13th to 1,269.66 index points Wednesday, February 14th. It’s up 0.15 per cent d/d and up 14.14 per cent y/y.

OMXV (of Vilnius) decreased from 673.30 index points Tuesday, February 13th to 672.37 index points Wednesday, February 14th. It’s down 0.14 per cent d/d and up 20.22 per cent y/y.

PX (of Prague) decreased from 1,111.77 index points Tuesday, February 13th to 1,109.63 index points Wednesday, February 14th. It’s down 0.19 per cent d/d and up 14.83 per cent y/y.

SAX (of Bratislava) closed at 329.77 index points Wednesday, February 14th. It’s the same result as Tuesday’s. It’s 0 per cent change d/d and up 7.09 per cent y/y.

SOFIX (of Sofia) decreased from 698.05 index points Tuesday, February 13th to 697.24 index points Wednesday, February 14th. It’s down 0.12 per cent d/d and up 16.06 per cent y/y.

UX (of Kyiv) decreased from 1,466.22 index points Tuesday, February 13th to 1,459.09 index points Wednesday, February 14th. It’s down 0.49 per cent d/d and up 56.46 per cent y/y.

WIG20 (of Warsaw) increased from 2,431.67 index points Tuesday, February 13th to 2,449.79 index points Wednesday, February 14th. It’s up 0.75 per cent d/d and up 12.70 per cent y/y.

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