Poland has a new Finance Minister

Teresa Czerwińska (KPRP, Krzysztof Sitkowski, Public domain)

In Ukraine poverty level decreased

Latvian exports and imports up in 2017

Poland

Teresa Czerwińska is Poland’s the new Finance Minister. Ms. Czerwińska, who has previously served as Deputy Finance Minister, was sworn in on January 9th. The Polish Radio reports that Mrs. Czerwińska is a professor of economics and an expert on financial management, business risk, and budgeting.

During an investiture ceremony, it was also announced that the new Ministry of Entrepreneurship and Technology was created with Jadwiga Emilewicz as the minister.

In 2015 -2017 Poland’s Finance Minister was Mr. Mateusz Morawiecki. He also served as the Deputy Prime Minister and Development Minister (2015-2017). since December 2017 he is the Prime Minister.

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Ukraine

Interfax reports that the poverty level in Ukraine decreased to 12 per cent in 2017. According to Kyiv International Institute of Sociology (KIIS) the wellbeing of Ukrainians has been radically changing during the last 10 years. The agency quotes Ms. Viktoria Zakhozha, Deputy Director of KIIS, commenting the phenomenon: “This is one of the few but important achievements of Ukraine over the years (…) Before the start of the military conflict, in 2013, the poverty level was 9 per cent, almost doubling from 2014 to 2016, to 17 per cent, but in the last year the situation has improved and the poverty level has dropped to 12 per cent.”

The Interfax reminds that in 1998 more than 50 per cent of respondents declared they were “almost starving”.

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Latvia

Latvian exports grew by 10.2 per cent and imports by 15.2 per cent in the period January – November 2017. LETA agency informs that in the first 11 months of 2017 the country exported goods worth EUR10.438bn. Most popular products were timber, timber products and coal (16 per cent of total exports), electric appliances and equipment (10 per cent) and grain products (6.7 per cent).

At the same time the country imported goods worth EUR12.826bn – mostly electric appliances and equipment, mechanisms and mechanical equipment and land transport vehicles and spare parts.

Latvia’s most important trading partner is the EU – especially Lithuania, Estonia, and Germany. The main trading partner outside the EU is Russia.

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What’s up in indexes

BET (of Bucharest) increased from 7,982.75 index points Monday, January 8th to 8,019.77 index points Tuesday, January 9th. It’s up 0.46 per cent d/d and up 10.46 per cent y/y.

BUX (of Budapest) decreased from 40,104.03 index points Monday, January 8th to 39,870.00 index points Tuesday, January 9th. It’s down 0.58 per cent d/d and up 21.35 per cent y/y.

CROBEX (of Zagreb) decreased from 1,861.57 index points Monday, January 8th to 1,859.99 index points Tuesday, January 9th. It’s down 0.08 per cent d/d and down 6.37 per cent y/y.

OMXR (of Riga) decreased from 1,031.57 index points Monday, January 8th to 1,029.27 index points Tuesday, January 9th. It’s down 0.22 per cent d/d and up 39.46 per cent y/y.

OMXT (of Tallinn) increased from 1,267.99 index points Monday, January 8th to 1,277.54 index points Tuesday, January 9th. It’s up 0.75 per cent d/d and up 16.79 per cent y/y.

OMXV (of Vilnius) decreased from 669.09 index points Monday, January 8th to 665.40 index points Tuesday, January 9th. It’s down 0.55 per cent d/d and up 17.74 per cent y/y.

PX (of Prague) decreased from 1,108.92 index points Monday, January 8th to 1,104.48 index points Tuesday, January 9th. It’s down 0.40 per cent d/d and up 18.04 per cent y/y.

SAX (of Bratislava) increased from 325.87 index points Monday, January 8th to 327.39 index points Tuesday, January 9th. It’s 0.47 per cent change d/d and up 2.74 per cent y/y.

SOFIX (of Sofia) decreased from 688.88 index points Monday, January 8th to 688.11 index points Tuesday, January 9th. It’s down 0.11 per cent d/d and up 15.51 per cent y/y.

UX (of Kyiv) increased from 1,366.79 index points Friday, January 5th to 1,380.47 index points Tuesday, January 9th. It’s up 1.00 per cent d/d and up 72.24 per cent y/y.

WIG20 (of Warsaw) increased from 2,548.61 index points Monday, January 8th to2,528.38 index points Tuesday, January 9th. It’s down 0.79 per cent d/d and up 25.84 per cent y/y.

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