Poland plans balanced budget in 2020

(Marco Verch, CC BY 2.0)

FDI in Serbia increased 31 per cent

Start-ups from CSE awarded for a healthcare innovation

Poland

Poland’s government plans to balance its state budget in 2020, for the first time in 30 years, Rzeczpospolita daily wrote quoting sources close to the government.

The paper informed that the 2020 budget would have additional revenues from the sale of mobile phone frequencies, rights to CO2 emissions and the second pillar of the retirement system. Also further improvements in tax collection and changes of social security payments should be another source of revenues.

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Serbia

The inflow of foreign direct investment (FDI) into Serbia increased 31 per cent y/y to EUR1.9bn in H1’19, finance minister Sinisa Mali announced. “We are advancing at double-digit rates. We are record-holders in terms of FDI inflow, this trend is continuing and there is no reason why this year we will not be champions too,” Mr. Mali stressed.

According to the Serbian National Bank, last year, the majority of FDI came from France (EUR710.7m), followed by Hong Kong (EUR434.5m), the Netherlands (EUR317.5m), Germany (EUR263.7m) and Russia (EUR237.3m).

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Central and Southeast Europe

Healthcare start-ups from Poland, Hungary, Latvia, Czech Republic, Lithuania and Romania have been awarded at the Health InnoStars Awards, launched by the European Institute of Innovation and Technology (EIT). “There is an impressive talent pool in this part of Europe, that has skills and knowledge to create and develop healthcare innovations,” Monika Toth, EIT Health InnoStars program manager said.

EIT provides awarded start-ups with funds to further validate their healthcare solutions and connects them with investors and mentors.

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What’s up in indexes

BET (of Bucharest) decreased from 9095.00 index points Friday, August 23rd to 9067.01 index points Monday, August 26th. It’s down 0.47 per cent d/d and up 9.22 per cent y/y.

BUX (of Budapest) increased from 39519.58 index points Friday, August 23rd to 39661.00 index points Monday, August 26th. It’s up 0.36 per cent d/d and up 8.11 per cent y/y.

OMXR (of Riga) increased from 1022.32 index points Friday, August 23rd to 1024.46 index points Monday, August 26th. It’s up 0.21 per cent d/d and up 5.22 per cent y/y.

OMXT (of Tallinn) increased from 1248.89 index points Friday, August 23rd to 1249.97 index points Monday, August 26th. It’s up 0.09 per cent d/d and up 2.09 per cent y/y.

OMXV (of Vilnius) increased from 688.66 index points Friday, August 23rd to 690.30 index points Monday, August 26th. It’s up 0.24 per cent d/d and down 2.03 per cent y/y.

PX (of Prague) decreased from 1045.55 index points Friday, August 23rd to 1039.35 index points Monday, August 26th. It’s down 0.59 per cent d/d and down 3.45 per cent y/y.

RTS (of Moscow) decreased from 1268.45 index points Friday, August 23rd to 1268.25 index points Monday, August 26th. It’s down 0.02 per cent d/d and up 17.0 per cent y/y.

SAX (of Bratislava) closed at 343.69 index points Monday, August 26th. It’s the same result as Friday’s. It’s 0 per cent change d/d and down 1.13 per cent y/y.

SOFIX (of Sofia) decreased from 576.43 index points Friday, August 23rd to 574.60 index points Monday, August 26th. It’s down 0.32 per cent d/d and down 9.48 per cent y/y.

Monday, August 26th was a non-trading day at Kyiv Stock Exchange. UX (of Kyiv) closed at 1555.69 index points Friday, August 23rd. It’s down 4.69 per cent y/y.

WIG20 (of Warsaw) decreased from 2103.68 index points Friday, August 23rd to 2098.41 index points Monday, August 26th. It’s down 0.25 per cent d/d and down 11.46 per cent y/y.

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