Polish House pavilion opened in Davos

Polish House, Davos, Switzerland (PZU, Public domain)

Czech Republic bonds sold for CZK3bn

Record cash transfers from Serbian diaspora

Switzerland

Poland’s President Andrzej Duda officially opened the Polish House pavilion at the World Economic Forum in Davos. For the entire time of the most important meeting of global business leaders, the venue will house debates, presentations and conferences on global issues and the Polish economy. Polish House pavilion is a joint venture of state owned companies: Bank Pekao S.A.(the second largest bank) and PZU (the largest insurer).

Poland’s Prime Minister Mateusz Morawiecki will discuss ways of counteracting a slowdown in the global economy. In an TV interview he said that there are “some signs in major countries in the world indicating that there may be an economic slowdown.”

Read more

and more

Czech Republic

Czech Republic issued special bonds, called Republic bonds, to celebrate the centenary of the Czechoslovakia. The Czech Finance Ministry announced that orders of these bonds exceeded CZK3bn (EUR117m). The bonds were sold from the beginning of December to January 18th and will be paid for in full by January 23rd.

According to Novinky.cz, Finance Minister Alena Schillerova considered bonds’ issuance as a success. The second issue started this week and will last till March 15th. The third issuance is planned for March-June 2019.

Read more

Serbia

“Cash transfers to Serbia from its diaspora, mostly from Germany, Switzerland, Austria and France, exceeded EUR3.1bn, 17.5 per cent more y/y, by the end of November 2018,” National Bank of Serbia (NBS) informed. Most of the transfers — around 80 per cent — were in EUR.

“These transfers contribute to the economic development of Serbia, where almost 800,000 people receives money from abroad. Annually, remittances make up close to 9 per cent of the GDP, compared, for example, to FDIs, which were 5.4 per cent of GDP in 2016,” Tanjug news agency cited experts. “The average remittance via quick money transfers was EUR262, and bank transfers were much higher, up to EUR2,000,” NBS said.

Read more

What’s up in indexes

BET (of Bucharest) decreased from 7160.44 index points Monday, January 21st to 7111.18 index points Tuesday, January 22nd. It’s down 0.48 per cent d/d and down 16.25 per cent y/y.

BUX (of Budapest) increased from 40894.00 index points Monday, January 21st to 40964.00 index points Tuesday, January 22nd. It’s up 0.17 per cent d/d and down 0.09 per cent y/y.

CROBEX (of Zagreb) decreased from 1,761.88 index points Monday, January 21st. to 1,761.51 index points Tuesday, January 22nd. It’s down 0.02 per cent d/d and down 3.48 per cent y/y.

OMXR (of Riga) decreased from 980.05 index points Monday, January 21st to 967.75 index points Tuesday, January 22nd. It’s down 1.26 per cent d/d and down 6.83 per cent y/y.

OMXT (of Tallinn) decreased from 1224.66 index points Monday, January 21st to 1223.32 index points Tuesday, January 22nd. It’s down 0.11 per cent d/d and down 4.48 per cent y/y.

OMXV (of Vilnius) increased from 642.30 index points Monday, January 21st to 645.35 index points Tuesday, January 22nd. It’s up 0.47 per cent d/d and down 3.36 per cent y/y.

PX (of Prague) decreased from 1017.25 index points Monday, January 21st to 1016.98 index points Tuesday, January 22nd. It’s down 0.03 per cent d/d and down 10.22 per cent y/y.

SAX (of Bratislava) decreased from 332.89 index points Monday, January 21st to 331.47index points Tuesday, January 22nd. It’s down 0.43 per cent d/d and down 2.12 per cent y/y.

SOFIX (of Sofia) decreased from 567.51 index points Monday, January 21st to 567.10 index points Tuesday, January 22nd. It’s down 0.07 per cent d/d and down 19.90 per cent y/y.

UX (of Kyiv) closed at 1,710.65 index points Monday, January 21st. It’s the same result as Monday’s. It’s 0 per cent change d/d and up 20.91 per cent y/y.

WIG20 (of Warsaw) increased from 2358.30 index points Monday, January 21st to 2359.23 index points Tuesday, January 22nd. It’s up 0.04 per cent d/d and down 9.98 per cent y/y.

Share this post

TOP