Poland’s GDP growth to reach 4.3 per cent in 2019

NBP Headquarters, Warsaw, Poland (Narodowy Bank Polski, CC BY-ND)

Estonia will invest in the power grid synchronization

Austria to assist Belarus with a roll-out of 5G network

Poland

Poland’s GDP growth is expected to reach 4.3 per cent in 2019, 3.6 per cent in 2020 and 3.3 per cent in 2021, according to the November projection by the Poland’s central bank, NBP. The Monetary Policy Council (MPC) assess that the outlook for economic conditions in Poland remains favorable, and GDP growth, despite the expected decline, will continue at a relatively high level in the coming quarters.

Authors of the report note that so far domestic economic activity has shown strong resilience to negative impulses from abroad, yet GDP growth in the Q3’19 has most probably declined and is running slightly below the level assumed in the July forecasting round. According to the MPC the CPI inflation will increase, mainly in Q1’20. It will be driven up by the increase of labor costs, still relatively strong demand pressure, as well as high growth of food prices.

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Estonia

Estonian transmission system operator, Elering plans to invest EUR111m in the Phase 2 of a project synchronizing the power grids of Estonia, Latvia, Lithuania and Poland with the European Union, Baltic News Service reports. Phase 1 of the same project was primarily funded by the EU. Elering and its Latvian, Lithuanian and Polish counterparts have filed an application for financing the project by the Connecting Europe Facility (CEF).

As a part of Phase 2 investment Elering is planning to establish two synchronous compensators and improve the control systems of the Estonia-Finland electricity interconnections Estlink 1 and 2, the company said.

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Belarus

The Austrian and Belarusian governments have signed a joint declaration to cooperate in the deployment of Belarus’ 5G network, Belarusian state news agency Belta informed. “We are working on the concept for its deployment,” Belarus economy minister, Dmitry Krutoi said, adding this is expected to happen over the next six months. “Belarus is also working with other countries to study their experience,” Mr. Krutod stressed.

“Austria is an important and reliable partner for Belarus in our common Europe,” Belarusian president, Aleksander Lukashenko said, after meeting with Austria’s President Alexander Van der Bellen in Vienna.

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What’s up in indexes

BET (of Bucharest) decreased from 9703.67 index points Monday, November 11th to 9691.05 index points Tuesday, November 12th. It’s down 0.34 per cent d/d and up 11.9 per cent y/y.

BUX (of Budapest) increased from 43039.00 index points Monday, November 11th to 43492.00 index points Tuesday, November 12th. It’s up 1.05 per cent d/d and up 14.1 per cent y/y.

OMXR (of Riga) decreased from 1022.47 index points Monday, November 11th to 1019.47 index points Tuesday, November 12th. It’s down 0.29 per cent d/d and up 7.31 per cent y/y.

OMXT (of Tallinn) increased from 1257.47 index points Monday, November 11th to 1258.55 index points Tuesday, November 12th. It’s up 0.09 per cent d/d and up 5.54 per cent y/y.

OMXV (of Vilnius) decreased from 715.11 index points Monday, November 11th to 713.68 index points Tuesday, November 12th. It’s down 0.20 per cent d/d and up 11.0 per cent y/y.

PX (of Prague) decreased from 1085.25 index points Monday, November 11th to 1084.11 index points Tuesday, November 12th. It’s down 0.11 per cent d/d and up 0.22 per cent y/y.

RTS (of Moscow) decreased from 1460.84 index points Monday, November 11th to 1449.35 index points Tuesday, November 12th. It’s down 0.79 per cent d/d and up 30.0 per cent y/y.

SAX (of Bratislava) closed at 342.79 index points Tuesday, November 12th. It’s the same result as Monday’s. It’s 0 per cent change d/d and up 2.71 per cent y/y.

SOFIX (of Sofia) increased from 557.70 index points Monday, November 11th to 558.20 index points Tuesday, November 12th. It’s up 0.08 per cent d/d and down 6.35 per cent y/y.

UX (of Kyiv) decreased from 1505.09 index points Monday, November 11th to 1495.07 index points Tuesday, November 12th. It’s down 0.67 per cent d/d and down 16.52 per cent y/y.

WIG20 (of Warsaw) decreased from 2255.46 index points Friday, November 8th to 2248.81 index points Tuesday, November 12th. It’s down 0.29 per cent d/d and up 1.39 per cent y/y.

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