Poland, the Baltics and the EC signed a deal on the power grids

(patrina_io, CC BY-NC-ND)
(Daniel Hoherd, CC BY-NC)

Ukraine: the share of non-performing loans dropped to 56.09 per cent 

Romania: employment rate at 68 per cent in Q1'18

Poland

In June 28th,  Poland, Latvia, Estonia, Lithuania and the chief of the European Commission (EC) signed a deal on “hooking up” the Baltic States’ electricity systems to the Continental European Network (CEN) via Poland by 2025. The Polish Radio comments that due to the agreement the Baltic states “will be able to decouple their power grids from Russia”. The Polish Radio quotes Poland’s Prime Minister Mateusz Morawiecki saying “We are taking a very serious step in the right direction today, one whereby Poland is boosting the energy security of the Baltic States, while at the same time showing solidarity with these countries and consistently implementing its own policy of enhancing energy security”.

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Ukraine

The Interfax reports, quoting the National Bank of Ukraine (NBU), that the share of non-performing loans (NPL) in the total volume of banks loans in the country dropped to 56.09 per cent in May 2018.

The data show that the share of NPLs in PrivatBank fell to 85.07 per cent m/m (from 85.41 per cent), in other state-owned banks to 60.14 per cent (from 60.3 per cent), in banks belonging to foreign banking groups to 42.83 per cent (from 42.94 per cent), while in banks with private capital it grew to 25.38 per cent (from 24.79).

The volume of NPLs in May grew to UAH628.695bn (EUR20.6bn).

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Romania

While the jobless rate in Romania was 4.7 per cent in Q1’18, the employment rate in the 20-64 age group dropped from 68.4 per cent in Q4’17 to 68 per cent in Q1’18. The Romania Insider comments that the employment “moved farther away from the 70.0 per cent national target set in the Europe 2020 Strategy”.

According to the National Statistics Institute (INS), the figures are worse in the 15-64 age group, where the employment rate went down to 63.1 per cent. The data from the Institute shows that the highest employment rate was in the 25-54 age group (79 per cent) and the lowest in the 15-24 years group (23.4 per cent). At the same time, the jobless rate was flat at 4.7 per cent. The highest unemployment rate was observed among youth living in urban areas and was 19.7 per cent.

Romania Insider reminds that the working population was 8.9 million in Q1’18.

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What’s up in indexes

BET (of Bucharest) increased from 7,943.78 index points Wednesday, June 27th to 7,989.62 index points Thursday, June 28th. It’s down 0.58 per cent d/d and down 2.19 per cent y/y.

BUX (of Budapest) decreased from 35,587.46 index points Wednesday, June 27th to 35,259.00 index points Thursday, June 28th. It’s down 0.92 per cent d/d and down 0.56 per cent y/y.

CROBEX (of Zagreb) decreased from 1,812.65 index points Wednesday, June 27th to 1,811.13 index points Thursday, June 28th. It’s down 0.08 per cent d/d and down 1.07 per cent y/y.

OMXR (of Riga) increased from 1,050.76 index points Wednesday, June 27th to 1,055.33 index points Thursday, June 28th. It’s up 0.43 per cent change d/d and up 10.48 per cent y/y.

OMXT (of Tallinn) decreased from 1,267.94 index points Wednesday, June 27th to 1,258.81 index points Thursday, June 28th. It’s down 0.72 per cent d/d and up 10.29 per cent y/y.

OMXV (of Vilnius) decreased from 710.76 index points Wednesday, June 27th to 710.68 index points Thursday, June 28th. It’s down 0.01 per cent change d/d and up 19.57 per cent y/y.

PX (of Prague) increased from 1,051.72 index points Wednesday, June 27th to 1,051.85 index points Thursday, June 28th. It’s up 0.01 per cent d/d and up 7.64 per cent y/y.

SAX (of Bratislava) closed at 326.07 index points Thursday, June 28th. It’s 0 per cent change d/d and up 4.04 per cent y/y.

SOFIX (of Sofia) decreased from 633.54 index points Wednesday, June 27th to 633.13 index points Thursday, June 28th. It’s down 0.06 per cent d/d and down 9.84 per cent y/y.

Thursday, June 28th was a non-trading day at Kyiv Stock Exchange. UX (of Kyiv) closed at 1,580.37 index points Wednesday, June 27th. It’s up 50.83 per cent y/y.

WIG20 (of Warsaw) decreased from 2,143.25 index points Wednesday, June 27th to 2,098.75 index points Thursday, June 28th. It’s down 2.08 per cent d/d and down 9.84 per cent y/y.

 

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