Poland’s PM presented new economic policy

(Krystian Maj/KPRM, Public domain)

Estonia is the CSE leader in the World Talent Ranking 2019

Ukraine's energy minister says Russian gas offer is unacceptable

Poland

Polish Prime Minister Mateusz Morawiecki in his policy speech to the lower house of parliament (Sejm) said his government wants the country’s GDP growth level to be at least 2-3 percentage points above the Eurozone growth during the next four years, PAP news agency informed. “In next 4-6 years we will invest dozens of the PLN on major infrastructure and energy projects,” Mr. Morawiecki announced and added he wants to continue policies aimed at nationalizing companies to boost the role of the state.

Moreover, he presented a plan to lower corporate income tax by moving the moment of collecting taxes on the date of payment of the profit by the company. Sejm voted 237 to 214 in favor of his cabinet, giving him a mandate to take power.

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Estonia

Estonia ranks the 28th out of 63 countries included by Swiss IMD World Competitiveness Center in its World Talent Ranking 2019. This is the best result in CSE region. Lithuania is ranked 28th, Slovenia 31st, Latvia 34th, Poland 37th, Czech Republic 39th, Hungary 45th, and Bulgaria 53rd. Behind Croatia, which is 53rd is Romania (55th), and Slovakia (57th).

The IMD World Talent Ranking is based on countries’ performance in three main categories — investment and development, appeal and readiness. The three categories assess how countries perform in a wide range of areas, such as education, apprenticeships, workplace training, language skills, cost of living, quality of life, remuneration and tax rates.

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Ukraine

Russian offer to extend a current gas deal or sign a new, one-year contract is unacceptable, Interfax quoted Ukraine’s energy minister Oleksiy Orzhel. “The proposal that has been received is unacceptable for Ukraine, given the fact that we need to abandon arbitration’s decisions and sign an agreement for only a year,” Mr Orzhel said to Ukrainian ICTV channel.

Russian gas giant Gazprom said earlier it had sent a formal letter to Ukraine proposing either to extend a current gas deal or to sign a new, one-year agreement and to drop legal claims and counter-claims by both Ukraine and Russia as a pre-condition for the deal.

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What’s up in indexes

BET (of Bucharest) decreased from 9722.10 index points Monday, November 18th to 9704.45 index points Tuesday, November 19th. It’s down 0.18 per cent d/d and up 13.3 per cent y/y.

BUX (of Budapest) decreased from 43868.00 index points Monday, November 18th to 43619.00 index points Tuesday, November 19th. It’s down 0.57 per cent d/d and up 10.9 per cent y/y.

OMXR (of Riga) increased from 1033.21 index points Friday, November 15th to 1238.47 index points Tuesday, November 19th. It’s up 0.51 per cent d/d and up 10.7 per cent y/y.

OMXT (of Tallinn) increased from 1255.93 index points Monday, November 18th to 1262.21 index points Tuesday, November 19th. It’s up 0.50 per cent d/d and up 6.20 per cent y/y.

OMXV (of Vilnius) increased from 715.46 index points Monday, November 18th to 715.83 index points Tuesday, November 19th. It’s up 0.05 per cent d/d and up 11.6 per cent y/y.

PX (of Prague) increased from 1078.18 index points Monday, November 18th to 1079.73 index points Tuesday, November 19th. It’s up 0.14 per cent d/d and up 0.05 per cent y/y.

RTS (of Moscow) increased from 1443.02 index points Monday, November 18th to 1451.64 index points Tuesday, November 19th. It’s up 0.60 per cent d/d and up 27.8 per cent y/y.

SAX (of Bratislava) closed at 342.55 index points Tuesday, November 19th. It’s the same result as Monday’s. It’s 0 per cent change d/d and up 3.90 per cent y/y.

SOFIX (of Sofia) decreased from 555.70 index points Monday, November 18th to 554.00 index points Tuesday, November 19th. It’s up 0.32 per cent d/d and down 6.53 per cent y/y.

UX (of Kyiv) closed at 1498.44 index points Tuesday, November 19th. It’s the same result as Monday’s. It’s 0 per cent change d/d and down 16.09 per cent y/y.

WIG20 (of Warsaw) decreased from 2229.92 index points Monday, November 18th to 2207.25 index points Tuesday, November 19th. It’s down 1.02 per cent d/d and up 0.80 per cent y/y.

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