Poland’s budget with a EUR2.1bn surplus in January

(401(K) 2012, CC BY-SA)

Ukraine’s President: Russian money won’t take part in the privatization

Albania’s budget deficit up 16.3 per cent y/y

Poland

The Polish Radio informs, after the Finance Ministry, that in January 2018 the country’s budget noted a surplus of PLN8.6bn (EUR2.1bn). As reported, total revenues were PLN35.2bn (EUR8.4bn) and total expenditures were PLN26.6bn (EUR6.4bn). Compared with January 2017 revenues from the income tax improved by 13.7 per cent, from the corporate tax by 11.4 per cent and from the excise tax by 11.8 per cent.

The Polish Radio quotes Ms. Teresa Czerwińska, Poland’s Finance Minister, who explained: “The higher revenues from the income tax is related to the good situation on the Polish labor market. The higher revenues from the corporate tax is above all related to our attempts at reducing tax avoidance.”

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Ukraine

The Interfax reports on the meeting of Ukraine’s National Reform Council with President Petro Poroshenko, who signed the law “On privatization of state and municipal property”.

Mr. Poroshenko explained that there were thousands of state-owned companies which the state cannot manage. Those entities were divided into two groups: small-scale privatization objects and the objects of large-scale privatization. The first group will be sold through an open online auction. The privatization of the second group will be processed with the involvement of advisers. There are measures to be taken not to allow Russian money to take part in privatization in Ukraine

Mr. Poroshenko expressed his expectations regarding privatization. He said he’d like the government to complete the processes of privatization of large objects designed by the State Property Fund in 2018 and find effective owners of those companies “to ensure economic growth, competitive production, investment attraction, export growth and currency revenues.”

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Albania

Albanian budget gap widens. As the SEE News Corporate Wire reports, after the country’s Finance Ministry, Albania noted a budget deficit of ALL31bn (EUR234m) in 2017. It’s up 16.3 per cent y/y.

The data shows that consolidated budget revenues were ALL430.4bn (up 5.7 per cent y/y), while spending was ALL461.4bn (up 6.4 per cent). Tax revenues grew 7.3 per cent to ALL376.2bn.

Albania’s 2018 budget is based on the projected growth of 4 per cent with the deficit of 2 per cent of GDP.

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What’s up in indexes

BET (of Bucharest) decreased from 8,411.68 index points Thursday, March 1st to 8,352.22 index points Friday, March 2nd. It’s down 0.71 per cent d/d and up 4.76 per cent y/y.

BUX (of Budapest) decreased from 37,767.85 index points Thursday, March 1st to 36,939.18 index points Friday, March 2nd.  It’s down 2.19 per cent d/d and up 11.41 per cent y/y.

CROBEX (of Zagreb) increased from 1,845.33 index points Thursday, March 1st to 1,850.05 index points Friday, March 2nd. It’s up 0.26 per cent d/d and down 14.52 per cent y/y.

OMXR (of Riga) increased from 1,020.29 index points Thursday, March 1st to 1,027.02 index points Friday, March 2nd. It’s up 0.66 per cent d/d and up 33.65 per cent y/y.

OMXT (of Tallinn) increased from 1,312.87 index points Thursday, March 1st to 1,316.27 index points Friday, March 2nd. It’s up 0.26 per cent d/d and up 18.20 per cent y/y.

OMXV (of Vilnius) decreased from 679.77 index points Thursday, March 1st to 677.33 index points Friday, March 2nd. It’s down 0.36 per cent d/d and up 20.67 per cent y/y.

PX (of Prague) decreased from 1,117.73 index points Thursday, March 1st to 1,106.02 index points Friday, March 2nd. It’s down 1.05 per cent d/d and up 13.19 per cent y/y.

SAX (of Bratislava) decreased from 335.10 index points Thursday, March 1st to 334.34 index points Friday, March 2nd. It’s down 0.23 per cent d/d and up 9.98 per cent y/y.

SOFIX (of Sofia) decreased from 684.74 index points Thursday, March 1st to 683.12 index points Friday, March 2nd. It’s down 0.24 per cent d/d and up 11.43 per cent y/y.

UX (of Kyiv) decreased from 1,609.01 index points Thursday, March 1st to 1,595.59 index points Friday, March 2nd. It’s down 0.83 per cent d/d and up 68.39 per cent y/y.

WIG20 (of Warsaw) decreased from 2,334.96 index points Thursday, March 1st to 2,314.23 index points Friday, March 2nd. It’s down 0.89 per cent d/d and up 2.65 per cent y/y.

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