Poroshenko endorses ratification of Paris Climate Agreement by Ukraine

Zhytomyr, Polissya Region, Ukraine (Adam Jones, CC BY-SA)

Energy consumption in Lithuania up 5.6 per cent

Serbia's GDP grew by 1.8 per cent y/y in Q2

In Romania unemployment rate drops by 0.2pp

Polish PMI drops

Ukraine

Ukrainian President Petro Poroshenko has signed a bill on Paris Climate Agreement ratification. The document was passed by the Ukraine’s parliament on July 14th.

It is a vital political step towards increasing climate change prevention efficiency, but it will not imply financial obligations to the country. Ukraine signed the Paris agreement in New York on April 22nd, 2016. As the Interfax writes: “the agreement strengthens the implementation of the United Nations Framework Convention on Climate Change (UNFCCC) which deals with greenhouse gases emissions mitigation and which was signed by Ukraine in 1997.”

The agreement provides the establishment of a mechanism that will help reduce greenhouse gas emissions.

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Lithuania

Lithuanians consume more and more energy. Energijos Skirstymo Operatorius (Energy Distribution Operator, ESO) of Lithuania informs that electricity consumption in the country increased by 5.6 per cent in the first half of 2016 as compared with same period of 2015. It reached 4.5 billion kilowatt-hours (kWh). As the numbers from ESO’s report show 69 per cent of the electricity was consumed by commercial clients and 31 per cent by households.

Commercial clients consumed 3.1 billion kWh in the period, and it was 6 per cent more than in the period January – June 2015. At the same time Lithuanian households consumed 1.4 billion kWh of electricity, which indicates a rise by 4.7 per cent y/y.

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Serbia

Serbia’s economy expanded by 1.8 per cent y/y in Q2’16, SEE News Corporate Wire informs. Compared with Q1 results – growth of 3.5 per cent y/y – it’s obvious there is a slowdown. 

The country’s statistics office informed it will release more details on the country’s second-quarter gross domestic product (GDP) on August 31st.

According to the International Monetary Fund (IMF) forecast, Serbia’s economy expanded by 0.8 per cent last year and growth is expected to accelerate to 2.5 per cent in 2016.

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Romania

The unemployment rate in June 2016 dropped 0.2 percentage points (pp). It means about 568,000 Romanians had no jobs last month and it’s the lowest monthly level in the past two years, Romania Insider reports.

The National Statistics Institute (INS) informed the unemployment rate among men reached 7.3 per cent while the rate among women was 5.3 per cent.

The jobless rate among young people (aged 15-24) was 21 per cent – according to the latest available data (from March 2016). Among adults (aged 25-74) it was 5.4 per cent.

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Poland

Poland’s Purchasing Managers‘ Index (PMI) dropped from 51.8 points in June 2016 to 50.3 points in July 2016. Markit, a provider of financial information services, informs that experts forecasted the index would stay at the same level as in June. The Polish Radio reports: „A neutral PMI rating of 50 means that businesspeople in the country feel that the economy will not change over the next month. A higher rating means that they expect it to improve, while a PMI rating below 50 indicates that many think it will deteriorate“. In May 2016 PMI was 52.1 points.

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What’s up in indexes

BUX (of Budapest) dropped by 0.58 per cent – falling from 27628.17 index points Friday, July 29th to 27468.88 index points Monday, August 1st. From year-end it’s up 14.83 per cent.

BET (of Bucharest Stock Exchange) increased from 6725.19 index points Friday, July 29th to 6740.71 index points Monday, August 1st. So it’s 0.23 per cent up d/d. From year-end the index dropped by 3.76 per cent.

PX (of Prague Stock Exchange) dropped by 0.19 per cent d/d and by 7.97 per cent from year-end. The index decreased from 881.74 index points Friday, July 29th to 880.08 index points August 1st.

WIG20 (of Warsaw) increased from 1759.74 index points Friday, July 29th to 1762.12 index points Monday, August 1st. So it’s up 0.14 per cent d/d. From year-end it dropped by 5.22 per cent.

OMXT (of Tallinn) increased from 1010.07 index points Friday, July 29th to 1013.09 index points Monday, August 1st. So it’s up 0.30 per cent d/d. From year-end it’s up 12.69 per cent.

OMXR (of Riga) was up 0.10 per cent d/d and up 7.40 per cent from year-end. The index increased from 637.70 index points Friday, July 29th to 638.34 index points Monday, August 1st.

OMXV (of Vilnius) was up 0.51 per cent d/d and up 11.76 per cent from year-end. The index increased from 540.37 index points Friday, July 29th to 543.14 index points Monday, August 1st.

SAX (of Bratislava) increased from 309.71 index points Friday, July 29th to 311.63 index points Monday, August 1st. So it’s up 0.62 per cent d/d. From year-end it’s up 6.59 per cent.

SOFIX (of Sofia) dropped by 0.07 per cent d/d and by 0.66 per cent from year-end. It decreased from 458.18 index points Friday, July 29th to 457.88 index points Monday, August 1st.

UX (of Kyiv) dropped by 0.78 per cent d/d – falling from 716.96 index points Friday, July 29th to 711.36 index points Monday, August 1st. From year-end it’s up 3.72 per cent.

CROBEX (of Zagreb Stock Exchange) dropped by 0.60 per cent – falling from 1773.97 index points Friday, July 29th to 1763.40 index points Monday, August 1st. From year-end it’s up 4.37 per cent.

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