Poland with one of the biggest GDP growth in the EU

Warsaw, Poland (Wojtek Gurak, CC BY-NC)

EIB to provide EUR100m for Serbian infrastructure

Czech government faces budget cuts

Poland

According to the European Commission data, in 2018 Poland’s GDP grew by 5.1 per cent, the third-biggest economic growth in the European Union, and the country’s biggest growth since 2007. Only Ireland and Malta had bigger growth. “Poland had macroeconomic stability, growing productivity, improvements to infrastructure and prospects for growth are still very promising,” Polish Prime Minister Mateusz Morawiecki commented the news.

In the CSE the second biggest growth was in Hungary (4,8 per cent). Romania was the third with 4 per cent.

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Serbia

The European Investment Bank (EIB) plans to provide EUR100m for the construction of a part of the Nis-Merdare motorway, the Serbian government said. Moreover, the EIB intends to finance the reconstruction of infrastructure in areas along the migrant routes. The value of the second project is EUR40m.

The total value of agreements that have been signed between Serbia and the EIB since 2001 is EUR3.2bn.

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Czech Republic

The Czech Minister of Finance, Alena Schillerová announced that in 2020 government plans to lay off 10 per cent of state employees and increase tax rates on gambling, due to smaller budget revenues, Radio Praha informed. Lidové noviny daily reported that Ministry of Transport will receive CZK14bn (EUR540m) less than in 2019 and the Ministry of Agriculture will get CZK6bn (EUR232m) less.

The Czech National Bank decreased GDP growth forecast for 2019 to 2.9 per cent from previous 3.3 per cent. Meanwhile, confidence in the Czech economy has declined for a third consecutive month, dropping by 0.6 points to 98 points, the Czech Statistical Office (ČSU) announced.

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What’s up in indexes

BET (of Bucharest) increased from 7569.37 index points Thursday, February 7th to 7556.53 index points Friday, February 8th. It’s up 0.21 per cent d/d and down 6.33 per cent y/y.

BUX (of Budapest) decreased from 40174.00 index points Thursday, February 7th to 39704.61 index points Friday, February 8th. It’s down 1.17 per cent d/d and up 2.13 per cent y/y.

CROBEX (of Zagreb) decreased from 1,767.69 index points Thursday, February 7th to 1,756.88 index points Friday, February 8th. It’s down 0.61 per cent d/d and down 3.47 per cent y/y.

OMXR (of Riga) decreased from 997.87 index points Thursday, February 7th to 993.10 index points Friday, February 8th. It’s down 0.48 per cent d/d and down 1.68 per cent y/y.

OMXT (of Tallinn) decreased from 1229.10 index points Thursday, February 7th to 1227.39 index points Friday, February 8th. It’s down 0.14 per cent d/d and down 4.44 per cent y/y.

OMXV (of Vilnius) decreased from 645.59 index points Thursday, February 7th to 644.89 index points Friday, February 8th. It’s down 0.11 per cent d/d and down 4.27per cent y/y.

PX (of Prague) decreased from 1060.92 index points Thursday, February 7th to 1046.82 index points Friday, February 8th. It’s down 1.33 per cent d/d and down 6.31 per cent y/y.

SAX (of Bratislava) closed at 334.06 index points Friday, February 8th. It’s the same result as Thursday’s. It’s 0 per cent change d/d and down 3.67 per cent y/y.

SOFIX (of Sofia) increased from 570.90 index points Thursday, February 7th to 570.90 index points Friday, February 8th. It’s up 0.74 per cent d/d and down 17.68 per cent y/y.

UX (of Kyiv) decreased from 1705.71 index points Thursday, February 7th to 1702.11 index points Friday, February 8th. It’s down 0.21 per cent d/d and up 16.6 per cent y/y.

WIG20 (of Warsaw) decreased from 2371.33 index points Thursday, February 7th to 2354.11 index points Friday, February 8th. It’s down 0.73 per cent d/d and down 2.18 per cent y/y.

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