Poland is the fourth world’s largest exporter of video games

The Witcher 3: Wild Hunt (Stefans02, CC BY 2.0)

Ukraine with the worst purchasing power in Europe

Bank bail-in repayments in Slovenia and a protest of central bank

Poland

Polish exports of games, consoles, and video game devices in 2013-2018 increased by 3810.5 per cent and Poland is today the fourth largest exporter in this industry globally, according to data presented by PKO BP in a report on Polish foreign trade.

Although Poland is far behind dominant China, which exports has a 49.1 per cent share in the global market, it accounts for a 6.5 per cent share of the global market with its exports valued at EUR1.24bn. The second and third place in the ranking is occupied by Hong Kong and Japan, Polish economy website 300gospodarka.pl reports.

One of the main reasons for the huge increase is the success of The Witcher role-playing game developed by CD Projekt Red and based on the novel series of the same name by a Polish author Andrzej Sapkowski.

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Ukraine

Ukraine has been placed as the last in a list of countries by purchasing power among the 42 countries in Europe, a study carried out by the GfK company for 2019 shows. According to GfK’s, last year the average per capita purchasing power in Europe was EUR14,292 and in Ukraine it was only EUR1,318.

The per capita purchasing power of Czechs remains the highest in CSE with EUR9,959. Poland’s average per capita purchasing power is around EUR7,589, which is a little more than half of the average European purchasing power. Hungary’s average per capita purchasing power is EUR7,416, while Romania’s EUR5,881.

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Slovenia

The Slovenian parliament passed legislation on bank bail-in repayments under which the Bank of Slovenia would have to cover all possible repayments to those who lost their investments during the country’s 2013 crisis of the banking industry. The Slovenian central bank, which is backed by the European Central Bank, said last week it will challenge the law at the Constitutional Court, which could prevent or significantly delay its enforcement.

The Bank of Slovenia and the ECB claim that making the central bank liable for any damages arising from court cases breaches European Union’s monetary policy rules.

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What’s up in indexes

BET (of Bucharest) decreased from 9634.76 index points Wednesday, October 23rd to 9630.24 index points Thursday, October 24th. It’s down 0.02 per cent d/d and up 11.6 per cent y/y.

BUX (of Budapest) increased from 41845.95 index points Tuesday, October 22nd to 42476.00 index points Thursday, October 24th. It’s up 1.51 per cent d/d and up 16.5 per cent y/y.

OMXR (of Riga) increased from 1031.11 index points Wednesday, October 23rd to 1033.60 index points Thursday, October 24th. It’s up 0.24 per cent d/d and up 9.65 per cent y/y.

OMXT (of Tallinn) increased from 1241.14 index points Wednesday, October 23rd to 1243.55 index points Thursday, October 24th. It’s up 0.19 per cent d/d and up 2.97 per cent y/y.

OMXV (of Vilnius) increased from 698.93 index points Wednesday, October 23rd to 700.14 index points Thursday, October 24th. It’s up 0.17 per cent d/d and up 5.79 per cent y/y.

PX (of Prague) increased from 1059.29 index points Wednesday, October 23rd to 1067.14 index points Thursday, October 24th. It’s up 0.74 per cent d/d and down 0.47 per cent y/y.

RTS (of Moscow) increased from 1392.47 index points Wednesday, October 23rd to 1413.63 index points Thursday, October 24th. It’s up 1.52 per cent d/d and up 25.6 per cent y/y.

SAX (of Bratislava) increased from 346.30 index points Wednesday, October 23rd to 346.77 index points Thursday, October 24th. It’s up 0.14 per cent d/d and up 3.25 per cent y/y.

SOFIX (of Sofia) increased from 559.50 index points Wednesday, October 23rd to 561.00 index points Thursday, October 24th. It’s up 0.26 per cent d/d and down 6.52 per cent y/y.

UX (of Kyiv) ) closed at 1515.18 index points Thursday, October 24th. It’s the same result as Wednesday’s. It’s 0 per cent change d/d and down 12.14 per cent y/y.

WIG20 (of Warsaw) decreased from 2208.54 index points Wednesday, October 23rd to 2208.36 index points Thursday, October 24th. It’s down 0.01 per cent d/d and up 2.98 per cent y/y.

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