Poland is becoming one of the most developed economies

Warsaw Stock Exchange headquarters (Beax, CC BY-SA)

Central and Southeast Europe has lower life expectancy

Slovakia: the Eastring gas pipeline feasible

Poland

Poland will join the club of 25 the most developed economies in the world according to FTSE Russell (the British provider of stock market indices). At the same time Stoxx, a globally integrated index provider, moved Warsaw Stock Exchange (WSE) to the group of developed markets.

This will have a huge impact on the Polish stock market and the WSE. The First News quotes Artur Bartoszewicz, PhD, from the Warsaw School of Economics, who comments that “it moves Poland to a higher basket, so the investors could start to perceive Poland as a safe country, between the USA, Germany and Japan”.

Bartosz Sawicki from TMS Brokers S.A. was less enthusiastic: “FTSE Russell indices are less popular than MSCI indices. Therefore the vast majority of international investors will still perceive Poland as an emerging market economy.”

The portal quotes the CEO of the WSE, Marek Dietl, who commented he was not worried about the outflow of companies and investors. “The stock exchange sees a growing interest of new groups of investors, and the addition of Polish companies to the Stoxx index should also help”.

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Central and Southeast Europe

The countries of the Western and Southern Europe are enjoying higher life expectancy than the countries of the Central and Southeast Europe (CSE). The Economist informs that “although in global terms citizens of the EU live long (2.5 years more than in America, and 4.6 years more than in China), the continent is divided. At the farthest ends of the spectrum, Spaniards from Madrid can expect to live to 85, but Bulgarians from the region of Severozapaden are predicted to live just past their 73rd birthday — a gap of almost 12 years”.

The Economist tries to explain it by quoting experts like Zoltan Massay-Kosubek (the European Public Health Alliance, EPHA) who claims that this is due to bad habits – people in the CSE smoke and drink more. Plus health systems in the CSE are not comparable to Western European.

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Slovakia

The Slovak Spectator informs that, according to the study presented in Bratislava by the European Commission vice-president for Energy Union, constructing a bi-directional gas pipeline interconnector Eastring is feasible and could translate into more advantageous prices of the energy for end consumers.

The Slovak Spectator informs that the disclosed feasibility study recommends the 1,208 km route. The price tag was estimated at EUR2.6bn. If the project gets the final approval, construction works will start in 2022.

Eastring is the project of a gas pipeline interconnector between Slovakia and the external borders of the European Union (on the territory of Bulgaria), connecting Slovakia, Hungary, Romania and Bulgaria.

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What’s up in indexes

BET (of Bucharest) increased from 8,354.33 index points Thursday, September 20th to 8,382.72 index points Friday, September 21st. It’s up 0.34 per cent d/d and up 6.30 per cent y/y.

BUX (of Budapest) decreased from 36,134.33 index points Thursday, September 20th to 35,783.48 index points Friday, September 21st. It’s down 0.97 per cent d/d and down 6.10 per cent y/y.

CROBEX (of Zagreb) decreased from 1,804.74 index points Thursday, September 20th to 1,803.76 index points Friday, September 21st. It’s down 0.05 per cent d/d and up 1.00 per cent y/y.

OMXR (of Riga) increased from 986.72 index points Thursday, September 20th to 989.36 index points Friday, September 21st. It’s up 0.27 per cent d/d and down 0.35 per cent y/y.

OMXT (of Tallinn) increased from 1,218.46 index points Thursday, September 20th to 1,219.94 index points Friday, September 21st. It’s up 0.12 per cent d/d and down 1.15 per cent y/y.

OMXV (of Vilnius) increased from 687.72 index points Thursday, September 20th to 690.52 index points Friday, September 21st. It’s up 0.41 per cent d/d and up 6.57 per cent y/y.

PX (of Prague) decreased from 1,103.64 index points Thursday, September 20th to 1,101.71 index points Friday, September 21st. It’s down 0.17 per cent d/d and up 5.15 per cent y/y.

SAX (of Bratislava) closed at 328.07 index points Friday, September 21st. It’s down 1.56 per cent y/y.

SOFIX (of Sofia) decreased from 627.08 index points Thursday, September 20th to 623.48 index points Friday, September 21st. It’s down 0.57 per cent d/d and down 8.13 per cent y/y.

UX (of Kyiv) increased from 1,635.36 index points Thursday, September 20th to 1,637.76 index points Friday, September 21st. It’s up 0.15 per cent d/d and up 44.02 per cent y/y.

WIG20 (of Warsaw) decreased from 2,258.63 index points Thursday, September 20th to 2,257.47 index points Friday, September 21st. It’s down 0.05 per cent d/d and down 8.56 per cent y/y.

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