Poland – shale gas “is not a closed case”

(Kim Carpenter, CC BY)

Hungary: Budapest, the third Best-Performing City in Europe

In Czech Republic wages still grow

Poland

The Polish Radio quotes Piotr Woźniak, CEO of the state-owned gas giant PGNiG, saying that there is still a space for the quest for domestic shale gas. Mr. Woźniak said that companies could be “interested in resuming efforts to exploit domestic shale gas deposits if the government relaxed the regulatory environment and tax regime.”

Companies like ConocoPhillips, San  Leon or Chevron that searched for the shale gas have left Poland. The government of the Civic Platform didn’t provide economic incentives for their activities. “If there were fiscal incentives, at least somewhat similar to those available in America, we would be ready to conduct analyze and consider returning,” Mr. Woźniak commented.

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Hungary

The Budapest Business Journal reports the results of the survey done by the Milken Institute. An independent think tank from the United States has just published the Best-Performing Cities index. Budapest ranks 3rd when it comes to European cities. The top two are Inner London-East (as reported, the Best-Performing Cities index not only classifies cities but also regions) and Stockholm. Budapest is the highest ranked among the CSE cities.

The index measures “metropolitan area’s economic performance” based on job creation, wage gains, manufacturing and skilled industry concentration.

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Czech Republic

According to the Czech Statistical Office, as reported by the Radio Praha, in Q3’17 wages increased rapidly. Gross wages grew by 6.8 per cent y/y in the period June-September 2017. Having in mind that inflation has been above 2 per cent – real incomes grew by 4.2 per cent.

At the same time the latest numbers “represent a bit of a slowdown compared with the Q2 when wages climbed by 7.6 per cent.” They are also slightly lower than most analysts and the Czech National Bank had forecast. The nationwide average monthly wage in the period mentioned was CZK29,050 (EUR1,154.22)

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What’s up in indexes

BET (of Bucharest) increased from 7,793.19 index points Wednesday, November 29th to 7,797.51 index points Monday, December 4th. It’s up 0.06 per cent d/d and up 12.76 per cent y/y.

BUX (of Budapest) decreased from 38,188.81 index points Friday, December 1st to 37,805.00 index points Monday, December 4th. It’s down 1.01 per cent d/d and up 25.60 per cent y/y.

CROBEX (of Zagreb) increased from 1,861.57 index points Friday, December 1st to 1,867.72 index points Monday, December 4th. It’s up 0.33 per cent d/d and down 3.63 per cent y/y.

OMXR (of Riga) increased from 1,023.91 index points Friday, December 1st to 1,038.60 index points Monday, December 4th. It’s up 1.43 per cent d/d and up 39.84 per cent y/y.

OMXT (of Tallinn) decreased from 1,238.67 index points Friday, December 1st to 1,228.33 index points Monday, December 4th. It’s down 0.83 per cent d/d and up 17.15 per cent y/y.

OMXV (of Vilnius) decreased from 664.49 index points Friday, December 1st to 661.03 index points Monday, December 4th. It’s down 0.52 per cent d/d and up 17.80 per cent y/y.

PX (of Prague) increased from 1,063.98 index points Friday, December 1st to 1,067.35 index points Monday, December 4th. It’s up 0.32 per cent d/d and up 20.38 per cent y/y.

SAX (of Bratislava) closed at 320.54 index points Monday, December 4th. It’s the same result as Friday’s. It’s 0 per cent d/d and up 2.23 per cent y/y.

SOFIX (of Sofia) increased from 667.02 index points Friday, December 1st to 669.53 index points Monday, December 4th. It’s up 0.38 per cent d/d and up 19.27 per cent y/y.

UX (of Kyiv) decreased from 1,282.64 index points Friday, December 1st to 1,281.18 index points Monday, December 4th. It’s down 0.11 per cent d/d and up 57.91 per cent y/y.

WIG20 (of Warsaw) increased from 2,389.92 index points Friday, December 1st to 2,404.15 index points Monday, December 4th. It’s up 0.60 per cent d/d and up 30.26 per cent y/y.

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