Poland with high position in the Global Competitiveness Report by WEF

(World Economic Forum, Public domain)

Latvia: the project of installing 150 electric vehicle charging stations has just started

Marek Dietl approved by the financial supervisor as the CEO of the Warsaw Stock Exchange

Romanian households will pay more for gas and electricity

Poland

Poland is the 39th in this year The Global Competitiveness Report 2017–2018, prepared by the World Economic Forum. The Global Competitiveness Index (GCI) tracks the performance of 137 countries on 12 pillars of competitiveness. It assesses the factors and institutions identified by empirical and theoretical research as determining improvements in productivity, which in turn is the main determinant of long-term growth and an essential factor in economic growth and prosperity.

The report covers twelve pillars of competitiveness:

  1. institutions;
  2. appropriate infrastructure;
  3. a stable macroeconomic framework;
  4. good health and primary education;
  5. higher education and training;
  6. efficient goods markets;
  7. efficient labor markets;
  8. developed financial markets;
  9. the ability to harness the benefits of existing technologies;
  10. and its market size, both domestic and international;
  11. business sophistication;
  12. innovation.

Poland is the most praised for country’s overall rating, market size, trade tariffs, primary and secondary education, and telecommunication infrastructure. Major problematic factors for doing business in Poland are tax regulations and rates, as well as the restrictive labor regulations.

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Latvia

70 electric vehicle charging (EV) stations based on the CCS, CHAdemO and Type 2 technology will be installed in Latvia by mid-2018. In the period 2019-2020 eighty more stations will appear at regional roads and in towns with a population of over 5,000. The project is co-financed by the European Regional Development Fund and will cost EUR8.34m. As Latvia’s Road Traffic Safety Directorate informs, several tenders will be announced – starting from the end of 2017 – to determine entities that would implement each part of the project.

Leta agency informs that „at each charging station, there will be two parking spaces, as well as charging station signs, lighting fixtures and surveillance cameras”.

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Poland

Marek Dietl, who was appointed by the shareholders as the new CEO of the Warsaw Stock Exchange in June 2017, was officially approved by the Polish Financial Supervision Authority (KNF). The Polish Radio reports, the KNF “unanimously approved a change in the composition of the WSE management board based on appointing Marek Dietl to the board and assigning him to the position of its chairman”.

As reported, Mr. Dietl has already been a member of the WSE’s supervisory board in the past. Previously he was a financial advisor to the President Andrzej Duda and a member of Sobieski Institute think tank.

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Romania

Starting from October 1st, 2017, Romanian households will have to pay more for gas and electricity. As Romania Insider reports, the price will go up by 6 per cent and 5 per cent – respectively – upon the decision of the National Authority for Energy Regulation (ANRE). It means that about 8 million Romanian households will pay more by RON0.34 (EUR0.07) per kWh, on average.

The liberalization of gas prices for household consumers was launched in Romania in April 1st, 2017.

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What’s up in indexes

BET (of Bucharest) increased from 7,894.44 index points Monday, September 25th to 7,942.50 index points Tuesday, September 26th. It’s up 0.68 per cent d/d and up 14.20 per cent y/y.

BUX (of Budapest) decreased from 38,108.00 index points Monday, September 25th to 37,319.24 index points Tuesday, September 26th. It’s down 2.07 per cent d/d and up 34.80 per cent y/y.

CROBEX (of Zagreb) decreased from 1,819.36 index points Monday, September 25th to 1,812.32 index points Tuesday, September 26th. It’s down 0.39 per cent and down 7.01 per cent y/y.

OMXR (of Riga) increased from 992.74 index points Monday, September 25th to 1,005.29 index points Tuesday, September 26th. It’s up 1.26 per cent d/d and up 39.03 per cent y/y.

OMXT (of Tallinn) decreased from 1,229.60 index points Monday, September 25th to 1,225.75 index points Tuesday, September 26th. It’s down 0.31 per cent d/d and up 23.53 per cent y/y.

OMXV (of Vilnius) decreased from 644.07 index points Monday, September 25th to 639.59 index points Tuesday, September 26th. It’s down 0.70 per cent d/d and up 17.71 per cent y/y.

PX (of Prague) increased from 1,041.49 index points Monday, September 25th to 1,042.50 index points Tuesday, September 26th. It’s up 0.10 per cent d/d and up 19.95 per cent y/y.

SAX (of Bratislava) closed at 327.19 index points Tuesday, September 26th. It’s the same result as Monday’s. It’s 0 per cent change d/d and up 2.48 per cent y/y.

SOFIX (of Sofia) increased from 680.87 index points Monday, September 25th to 683.35 index points Tuesday, September 26th. It’s up 0.36 per cent d/d and up 40.14 per cent y/y.

UX (of Kyiv) increased from 1,120.91 index points Monday, September 25th to 1,140.44 index points Tuesday, September 26th. It’s up 1.74 per cent d/d and up 37.42 per cent y/y.

WIG20 (of Warsaw) decreased from 2,453.15 index points Monday, September 25th to 2,443.34 index points Tuesday, September 26th. It’s down 0.40 per cent d/d and up 40.42 per cent y/y.

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