Poland: Senat approved the increase of health spending

(Chris Potter, CC BY)

Ukraine’s central bank lowers the country’s GDP forecast for 2019

Latvia: 13.9 per cent of population at pre-retirement age

Poland

Poland’s Senat (upper house of parliament) approved the increase of health spending to 6 per cent of GDP by 2024. As the Polish Radio informs, the senators voted for the new laws (54 were for and 5 were against). Now the bill has to be signed by Poland’s President.

According to the legislation, the increase of expenditures will take place gradually, “with no less than 4.78 per cent of GDP spent on healthcare this year, followed by 4.86 per cent next year, 5.03 per cent in 2020, 5.30 per cent in 2021, 5.55 per cent in 2022, and 5.80 per cent in 2023”.

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Ukraine

The National Bank of Ukraine (NBU) has lower its forecast of the Ukrainian GDP growth in 2019 and predicts a slowdown from 2.9 per cent (as previously expected) to 2.5 per cent, the Interfax informs. As reported, the forecast of GDP growth for 2018 and 2020 remained unchanged at, respectively, 3.4 per cent and 2.9 per cent.

The agency quotes NBU’s statement that reads: “In 2019, real GDP growth will slow to 2.5 per cent, due to the effects of higher social standards, the tight monetary conditions required to bring inflation back to its target, as well as tight fiscal policy resulting from the need to repay large volumes of public debt”.

According to the Ukraine’s central bank, while the economic growth will continue to be mainly driven by private consumption, the investment growth will be restrained by businesses’ higher labor costs.

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Latvia

The number of people aged 55-64 grows every year, the Baltic Course reports. The portal informs, after Latvian Central Statistical Bureau, that at the beginning of 2018 as much as 269,800 people (13.9 per cent of Latvia’s population) were at the “pre-retirement age”. The number has increased by 8.1 per cent from 2010 to 2018.

As reported, the employment rate among them was 62.3 per cent in 2017. Most of them describe their health condition as “mediocre” (57.7 per cent), while 22.4 per cent claim “they were in good or very good health”. “Compared to male respondents, women were more likely to rate their health condition as mediocre,” the Baltic Course informs.

The portal also points out that mortality in this age group has decreased in recent years—from 13.7 per cent deaths per 1,000 population in 2016 to 13.4 deaths in 2017.

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What’s up in indexes

BET (of Bucharest) increased from 7,923.85 index points Thursday, July 12th to 7,933.45 index points Friday, July 13th. It’s up 0.12 per cent d/d and down 2.79 per cent y/y.

BUX (of Budapest) increased from 35,485.87 index points Thursday, July 12th to 35,641.76 index points Friday, July 13th. It’s up 0.44 per cent d/d and down 1.39 per cent y/y.

CROBEX (of Zagreb) increased from 1,807.51 index points Thursday, July 12th to 1,807.75 index points Friday, July 13th. It’s up 0.01 per cent d/d and down 0.48 per cent y/y.

OMXR (of Riga) decreased from 1,048.81 index points Thursday, July 12th to 1,046.16 index points Friday, July 13th. It’s down 0.25 per cent d/d and up 6.78 per cent y/y.

OMXT (of Tallinn) decreased from 1,257.46 index points Thursday, July 12th to 1,257.21 index points Friday, July 13th. It’s down 0.02 per cent d/d and up 5.59 per cent y/y.

OMXV (of Vilnius) increased from 710.81 index points Thursday, July 12th to 714.43 index points Friday, July 13th. It’s up 0.51 per cent d/d and up 16.92 per cent y/y.

PX (of Prague) increased from 1,083.17 index points Thursday, July 12th to 1,084.79 index points Friday, July 13th. It’s up 0.15 per cent d/d and up 8.38 per cent y/y.

SAX (of Bratislava) closed at 341.58 index points Friday, July 13th. It’s 0 per cent change d/d and up 2.11 per cent y/y.

SOFIX (of Sofia) decreased from 627.50 index points Thursday, July 12th to 627.07 index points Friday, July 13th. It’s down 0.07 per cent d/d and down 11.62 per cent y/y.

UX (of Kyiv) increased from 1,569.32 index points Thursday, July 12th to 1,577.94 index points Friday, July 13th. It’s up 0.55 per cent d/d and up 51.03 per cent y/y.

WIG20 (of Warsaw) decreased from 2,161.20 index points Thursday, July 12th to 2,157.14 index points Friday, July 13th. It’s down 0.19 per cent d/d and down 8.24 per cent y/y.

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