Poland introduced Employee Capital Plans

Poland's Sejm (Sejm RP, CC BY)

Lithuania: the number of flights increased

Ukraine: households’ savings up

Poland

The lower house of the Polish parliament approved a plan of establishing a new Employee Capital Plans (PPK) on October 4th. PPK means voluntary, employer-sponsored pension programs through which citizens could save for retirement.

The system enforces employers to “contribute the equivalent of at least 1.5 per cent of employees’ gross wage to individual retirement savings accounts each month. Employees would, in most cases, be required to contribute no less than 2 per cent of their gross monthly wages, and the government would make a supplementary contribution of PLN240 every year. Plus, the government would make an one-off welcome payment of PLN250.

The legislation still needs to be approved by the upper house — Senate.

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Lithuania

In the period January – September 2018, the number of flights in the Lithuania airspace increased by 10 per cent y/y. The agency Delfi informs that during that period, air traffic controllers handled 204,200 flights. As reported, “overflights accounted for three fourths (155,000) of the total number of flights, so the number of overflights jumped by 9.7 per cent.” That’s why Oro Navigacija considers the introduction of measures for “enhancing the airspace capacity”.

Oro Navigacija is a provider of air traffic control, communication, navigation, surveillance and aeronautical information services in Lithuania.

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Ukraine

The income of Ukrainians increased to UAH758.6bn (EUR23.4bn) and expenditures reached UAH745.6bn (EUR23bn) in the period April-June 2018, the Interfax informs after the State Statistics Service. At the same time, savings of Ukrainian households increased by UAH13bn. The agency also informs that the disposable income of the population increased by 22.4 per cent.

In Q2’18, disposable income per capita was UAH13,179 (EUR407.18).

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What’s up in indexes

BET (of Bucharest) increased from 8,498.19 index points Wednesday, October 3rd to 8,516.82 index points Thursday, October 4th. It’s up 0.31 per cent d/d and up 7.96 per cent y/y.

BUX (of Budapest) decreased from 37,213.00 index points Wednesday, October 3rd to 37,146.73 index points Thursday, October 4th. It’s down 0.18 per cent d/d and down 2.05 per cent y/y.

CROBEX (of Zagreb) decreased from 1,780.89 index points Wednesday, October 3rd to 1,774.77 index points Thursday, October 4th. It’s down 0.34 per cent d/d and up 0.95 per cent y/y.

OMXR (of Riga) increased from 979.04 index points Wednesday, October 3rd to 981.57 index points Thursday, October 4th. It’s up 0.26 per cent d/d and down 1.26 per cent y/y.

OMXT (of Tallinn) decreased from 1,222.15 index points Wednesday, October 3rd to 1,222.04 index points Thursday, October 4th. It’s down 0.01 cent d/d and up 0.17 per cent y/y.

OMXV (of Vilnius) decreased from 680.52 index points Wednesday, October 3rd to 678.99 index points Thursday, October 4th. It’s down 0.22 per cent d/d and up 4.73 per cent y/y.

PX (of Prague) increased from 1,107.28 index points Wednesday, October 3rd to 1,110.47 index points Thursday, October 4th. It’s up 0.29 per cent d/d up 5.51 per cent y/y.

SAX (of Bratislava) closed at 329.01 index points Thursday, October 4th. It’s the same result as Wednesday’s. It’s 0 cent change d/d and up 1.60 per cent y/y.

SOFIX (of Sofia) increased from 622.17 index points Wednesday, October 3rd to 622.52 index points Thursday, October 4th. It’s up 0.06 per cent d/d and down 8.09 per cent y/y.

UX (of Kyiv) increased from 1,652.11 index points Wednesday, October 3rd to 1,669.75 index points Thursday, October 4th. It’s up 1.07 per cent d/d and up 38.48 per cent y/y.

WIG20 (of Warsaw) decreased from 2298.20 index points Wednesday, October 3rd to 2,275.65 index points Thursday, October 4th. It’s down 0.98 per cent d/d and down 6.90 per cent y/y.

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