Poland’s biggest bank app takes top spot in global ranking

Tomaszów Mazowiecki, Poland (WrS.tm.pl, CC BY-SA)

Romanian households will receive state aid for installing solar panels

Croatia: salaries increased 2.8 per cent y/y

Poland

PKO BP (the biggest bank in Poland) IKO mobile banking application is the best in the world, for the second time in a row, according to Britain’s Retail Banker International magazine’s global ranking. “IKO was considered superior to solutions from banking giants, such as Bank of America, UBS, Lloyds or Barclays, as well as award-winning companies known for their innovations, such as Garanti, Caixabank or BBVA,” the magazine informed.

The Polish bank’s application was the ranking’s winner thanks to a large number of positive reviews in the App Store and Google Play. The IKO app is co-developed by Warsaw-based fintech outfit Braintri. Over 3.7 million IKO applications are currently active and only in the Q4’18 its users carried through more than 28 million mobile transactions.

“Developing IKO every day, we are guided by the fact that they are maximally simple and intuitive to use, and today’s customers appreciate the highest,” PKO BP CEO Zbigniew Jagiełło commented.

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Romania

Romania’s Environment Fund Administration will carry out a project that offer non-reimbursable financing to individuals who install photovoltaics to produce electricity, informed Adevarul daily. Up to 30,000 households will get grants of the RON20,000 (EUR4,200).

Romania’s Ministry of the Environment and Climate Change stressed that grants will be awarded only to residential projects with a nominal capacity of at least 3kWp each. Romania has received a EUR115m help from the European Commission for the fund.

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Croatia

In 2018, the average net salary in Croatia was HRK6,242 (EUR 840), up 2.8 per cent y/y, analysts of Raiffeisenbank Austria (RBA) informed. The growth was mainly driven by an increase in salaries in the public sector, tax changes and an increase of the nontaxable part of bonuses.

According to analysts, wage pressure remains low as unemployment in Croatia stays relatively high, at around 8.4 per cent in 2018. However, RBA stressed that salaries are expected to continue growing this year as well.

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What’s up in indexes

BET (of Bucharest) increased from 7725.84 index points Wednesday, February 20th to 7819.20 index points Thursday, February 21st. It’s up 0.90 per cent d/d and down 5.58 per cent y/y.

BUX (of Budapest) increased from 40583.00 index points Wednesday, February 20th to 40721.00 index points Thursday, February 21st. It’s up 0.34 per cent d/d and up 4.49 per cent y/y.

CROBEX (of Zagreb) increased from 1,769.15 index points Wednesday, February 20th to 1,772.63 index points Thursday, February 21st. It’s up 0.20 per cent d/d and down 0.58 per cent y/y.

OMXR (of Riga) decreased from 992.85 index points Wednesday, February 20th to 984.26 index points Thursday, February 21st. It’s down 0.87 per cent d/d and down 3.43 per cent y/y.

OMXT (of Tallinn) increased from 1214.88 index points Wednesday, February 20th to 1218.75 index points Thursday, February 21st. It’s up 0.32 per cent d/d and down 4.87 per cent y/y.

OMXV (of Vilnius) decreased from 642.66 index points Wednesday, February 20th to 641.63 index points Thursday, February 21st. It’s down 0.16 per cent d/d and down 4.07 per cent y/y.

PX (of Prague) decreased from 1068.07 index points Wednesday, February 20th to 1058.89 index points Thursday, February 21st. It’s down 0.86 per cent d/d and down 4.71 per cent y/y.

SAX (of Bratislava) closed at 339.26 index points Thursday, February 21st. It’s the same result as Wednesday’s. It’s 0 per cent change d/d and up 2.29 per cent y/y.

SOFIX (of Sofia) increased from 576.00 index points Wednesday, February 20th to 577.90 index points Thursday, February 21st. It’s up 0.24 per cent d/d and down 16.45 per cent y/y.

UX (of Kyiv) decreased from 1699.74 index points Wednesday, February 20th to 1692.40 index points Thursday, February 21st. It’s down 0.43 per cent d/d and up 14.5 per cent y/y.

WIG20 (of Warsaw) decreased from 2369.70 index points Wednesday, February 20th to 2339.85 index points Thursday, February 21st. It’s down 1.26 per cent d/d and down 2.73 per cent y/y.

 

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