Poland needs Ukrainian workers

(Poland’s MFA, CC BY-ND)

Latvian central bank purchased EUR6.8bn of securities in 2015-2018

Czech Republic introduced paternity leave

Poland

The Polish Radio reports that in the number of jobs available for Ukrainian workers in Poland grows.  Sectors like retail or hotels are looking for sales assistants and waiters. According to the Polish Ministry of Family, Labor and Social Policy, demand for workforce in retail and wholesale grew by 28 per cent in 2017. Hotels were ready to hire 72 per cent more Ukrainians than in 2016.

According to different estimates there were 1,2 million Ukrainians living in Poland in 2017. In 2016 the Embassy of Ukraine in Warsaw informed that there 500,000 had a permanent residence card.

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Latvia

The Baltic Course informs, after LETA agency, that the Bank of Latvia bought Latvian bonds and supranational securities worth EUR6.8bn. The program, called the Public Sector Purchase Program (PSPP), was launched by the European Central Bank in 2015 to keep medium-term inflation rates in the countries of the Eurozone below and close to 2 per cent.

Bank of Latvia, as other central banks of Eurozone countries, is expected to buy local government bonds and supranational securities. The portal revealed that in 2015 it purchased securities worth EUR1.808bn, in 2016 – EUR2.549, and in 2017 EUR2.363. In January 2018 it bought securities worth EUR80.475m.

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Czech Republic

Radio Praha informs that starting from February 1st the Czech fathers are entitled to take a week of paternity leave. As reported, the new kind of paid leave is a form of a sick leave, so it’s not fully paid. Young fathers will get 70 per cent of their normal salary. The radio quotes the spokesman of the Finance Ministry, Jakub Vintrlík saying: “This change will raise spending in the state budget by a CZK1bn and will place additional burdens on employers and social security. The ministry considers other means of support already in place for families to be more effective.”

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What’s up in indexes

BET (of Bucharest) increased from 8,115.54 index points Monday, February 12th to 8,138.07 index points Tuesday, February 13th. It’s up 0.20 per cent d/d and up 6.51 per cent y/y.

BUX (of Budapest) increased from 38,287.00 index points Monday, February 12th to 38,387.29 index points Tuesday, February 13th. It’s up 0.26 per cent d/d and up 15.08 per cent y/y.

CROBEX (of Zagreb) decreased from 1,868.50 index points Monday, February 12th to 1,863.89 index points Tuesday, February 13th. It’s down 0.25 per cent d/d and down 11.92 per cent y/y.

OMXR (of Riga) increased from 1,000.00 index points Monday, February 12th to 1,003.91 index points Tuesday, February 13th. It’s up 0.39 per cent d/d and up 35.19 per cent y/y.

OMXT (of Tallinn) decreased from 1,275.84 index points Monday, February 12th to 1,267.82 index points Tuesday, February 13th. It’s down 0.63 per cent d/d and up 13.91 per cent y/y.

OMXV (of Vilnius) increased from 672.12 index points Monday, February 12th to 673.30 index points Tuesday, February 13th. It’s up 0.18 per cent d/d and up 20.59 per cent y/y.

PX (of Prague) increased from 1,110.49 index points Monday, February 12th to 1,111.77 index points Tuesday, February 13th. It’s up 0.12 per cent d/d and up 14.36 per cent y/y.

SAX (of Bratislava) increased from 328.87 index points Monday, February 12th to 329.77 index points Tuesday, February 13th. It’s up 0.27 per cent d/d and up 7.41 per cent y/y.

SOFIX (of Sofia) increased from 696.71 index points Monday, February 12th to 698.05 index points Tuesday, February 13th. It’s up 0.19 per cent d/d and up 15.16 per cent y/y.

UX (of Kyiv) increased from 1,448.42 index points Monday, February 12th to 1,466.22 index points Tuesday, February 13th. It’s up 1.23 per cent d/d and up 55.56 per cent y/y.

WIG20 (of Warsaw) increased from 2,414.41 index points Monday, February 12th to 2,431.67 index points Tuesday, February 13th. It’s up 0.71 per cent d/d and up 11.56 per cent y/y.

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