Poland with the record number of new jobs

For the first time Russia delivered LNG to the UK

Estonia: cultural workers will earn more in this year

Poland

The number of jobs created in 2017 by Polish enterprises reached 250,000 as of the end of November. Piotr Bujak, an expert from the bank PKO Bank Polski, commented: “Higher employment is bound to translate into greater productivity above the EU average, which in turn is key to maintaining a high growth rate in Poland”. The Polish Radio informs, after Rzeczpospolita daily, that the figure is higher than in 2007 – the year when the Polish economy grew with a pace of 6.7 per cent. A third of new jobs was created in the industry (mostly by export-oriented companies).

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Russia

Novinite.com reports on the first Russian delivery of the liquefied gas to the UK. The icebreaker Christophe de Margerie carrying LNG – built specifically for the Yamal CNG project – has sailed to the port of the Isle of Grain (Kent) at the end of December. Novinite.com underlines, that these were the first quantities of the Russian gas shipped to the UK. As reported, 14 more icebreakers will be built to ship LNG from Russia to the North Sea.

Yamal SNG is a project in which Russian company “Novateck” holds 50.1 per cent stake. The other co-owners are French Total (20 per cent stake) and Chinese CNPC (20 per cent stake). 9.9 per cent belongs to the One Belt, One Road Chinese Investment Fund.

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Estonia

Starting from 2018 people working in the arts and culture sector will earn more. The gross minimum monthly salary of a cultural worker “who has a university degree or who works in a position that requires a university degree” will be EUR1,150 (up 22 per cent). As the Baltic Course reports, by 2020 the salary of a FTE cultural worker will reach Estonia’s average. According to Statistics Estonia, in Q3’17 the average monthly gross wages and salaries were EUR1,201.

The wage increase in the cultural state institutions is described in the 2018 pay agreement of cultural workers – signed by the Culture Minister Indrek Saar and the head of the Confederation of Estonian public sector trade unions TALO, Ago Tuuling. The agreement was signed on January 2nd.

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What’s up in indexes

Tuesday was a no trading day in Romania. On Friday, December 29th BET (of Bucharest) closed at 7,751.92 index points Friday, December 29th. It’s up 9.61 per cent y/y.

BUX (of Budapest) increased from 39,377.31 index points Friday, December 29th to 39,443.57 index points Tuesday, January 2nd. It’s up 0.17 per cent d/d and up 22.88 per cent y/y.

Tuesday was a no trading day in Croatia. On Friday, December 29th CROBEX (of Zagreb) closed at 1,842.87 index points Friday, December 29th. It’s down 5.31 per cent y/y.

OMXR (of Riga) increased from 996.13 index points Friday, December 29th to 1,001.45 index points Tuesday, January 2nd. It’s up 0.53 per cent d/d and up 36.58 per cent y/y.

OMXT (of Tallinn) increased from 1,242.12 index points Friday, December 29th to 1,256.37 index points Tuesday, January 2nd. It’s up 1.15 per cent d/d and up 16.12 per cent y/y.

OMXV (of Vilnius) increased from 653.29 index points Friday, December 29th to 658.91 index points Tuesday, January 2nd. It’s up 0.86 per cent d/d and up 17.30 per cent y/y.

Tuesday was a no trading day in the Czech Republic. On Friday, December 29th PX (of Prague) closed at 1,078.16 index points Friday, December 29th. It’s up 17.24 per cent y/y.

Tuesday was a no trading day in Slovakia. On Friday, December 29th SAX (of Bratislava) closed at 325.62 index points Friday, December 29th. It’s up 2.97 per cent y/y.

SOFIX (of Sofia) increased from 677.45 index points Friday, December 29th to 684.71 index points Tuesday, January 2nd. It’s up 1.07 per cent d/d and up 16.63 per cent y/y.

Tuesday was a no trading day in Ukraine. On Thursday, December 28th UX (of Kyiv) closed at 1,363.04 index points. It was up 72.90 per cent y/y.

Tuesday was a no trading day in Poland. On Friday, December 29th WIG20 (of Warsaw) closed at 2,461.21 index points. It’s up 26.45 per cent y/y.

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