Poland: prices dropped by 0.8 per cent y/y

(Ken Teegardin, CC BY-SA)

Ukraine demands USD14.23bn repayment from Gazprom

Unemployment rate drops in Hungary

More foreign investment in Bulgaria

Poland

Prices of goods and services in Poland dropped by 0.8 per cent y/y and by 0.2 per cent m/m in August 2016.
The Central Statistical Office (GUS) released its flash estimate on August 30th. As the Polish Radio reports, after the PAP news agency, Polish „economists had predicted that prices would fall 0.9 per cent y/y in August and 0.3 per cent m/m”. The full data will be published by GUS on September 12th.

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Ukraine

Ukrainian government claims the country overpaid for natural gas delivered by Gazprom and that the amount is approx. USD14.23bn. The data was revealed in a Gazprom’s Q2 financial report prepared according to the International Financial Reporting Standards (IFRS).

Interfax recalls that Gazprom filed a claim against Naftogaz for unpaid gas with the Arbitration Institute of the Stockholm Chamber of Commerce on June 16th, 2014. At the same time NJSC Naftogaz Ukraine submitted its own request for arbitration to the Arbitration Institute of the Stockholm Chamber of Commerce, Sweden, against PJSC Gazprom. Naftogaz demanded compensation of all overpaid amounts starting from May 20th, 2011 and cancellation of the contract prohibiting the re-export of natural gas out of Ukraine.

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Hungary

The unemployment rate in Hungary dropped to 5 per cent between May-July 2016.  There were 228,000 unemployed people, down by 78,000 y/y. As Portfolio.hu reports, a total of 4.372 m people had jobs in the period (including those employed in public works). The Central Statistical Office (KSH) released details that shows:

  • 4.018 million worked on the primary labor market;
  • 236,000 were employed in public works;
  • 118,000 worked at local units abroad.

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Bulgaria

„The volume of foreign direct investment (FDI) into Bulgaria in 2015 was 7.2 per cent higher compared to the figure for the previous year,” Novinite.com reports. The national statistics show it reached EUR23.127bn.

The investment were mainly made in industry and service sectors (66.8 per cent of the total amount). It amounted to EUR9.852bn and EUR5.607bn, respectively. „The relative share of the two sectors increased by 2.3 per cent y/y,” the Novite.com writes.

The value of FDI in construction reached EUR751m (18.1 per cent drop y/y).

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What’s up in indexes

BUX (of Budapest) dropped by 0.20 per cent – falling from 28050.08 index points Tuesday, August 30th to 27969.24 index points Wednesday, August 31st. From year-end it’s up 16.93 per cent.

BET (of Bucharest Stock Exchange) was up 0.18 per cent d/d and up 0.46 per cent from year-end. It decreased from 7019.99 index points Tuesday, August 30th to 7034.23 index points Wednesday, August 31st.

PX (of Prague Stock Exchange) was up 0.04 per cent d/d – increasing from 858.83 index points Tuesday, August 30th to 859.14 index points Wednesday, August 31st. From year-end it dropped by 10.16 per cent.

WIG20 (of Warsaw) dropped by 0.26 per cent d/d and by 3.53 per cent from year-end. It decreased from 1798.23 index points Tuesday, August 30th to 1793.56 index points Wednesday, August 31st.

OMXT (of Tallinn) dropped by 0.17 per cent – falling from 999.69 index points Tuesday, August 30th to 997.99 index points Wednesday, August 31st. From year-end it’s up 11.01 per cent.  

OMXR (of Riga) dropped by 0.46 per cent d/d – falling from 642.91 index points Tuesday, August 30th to 639.93 index points Wednesday, August 31st. From year-end it’s up 7.67 per cent.

OMXV (of Vilnius) dropped by 0.42 per cent d/d – falling from 536.39 index points Tuesday, August 30th to 534.13 index points Wednesday, August 31st. From year-end it’s up 9.91 per cent.

SAX (of Bratislava) decreased from 320.70 index points Tuesday, August 30th to 315.23 index points Wednesday, August 31st. So it dropped by 1.71 per cent d/d. From year-end it’s up 7.83 per cent.

SOFIX (of Sofia) dropped by 0.82 per cent d/d – falling from 468.49 index points Tuesday, August 30th to 464.66 index points Wednesday, August 31st. From year-end it’s up 0.82 per cent.

UX (of Kyiv) was up 0.54 per cent d/d and up 3.66 per cent from year-end. It increased from 707.13 index points Tuesday, August 30th to 710.95 index points Wednesday, August 31st.

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