Prague inhabitants earn the most in Central Europe

Palladium shopping mall, Prague, Czech Republic (Tiia Monto, CC BY-SA 4.0)

Poland is the second best country to do business in

Serbia attracted the most of FDI in Western Balkans

Slovakia, Hungary and Czech Republic

Platy.sk and Paylab.com websites compared salaries in three Central European capitals, and the salary gap between the capital and the second largest city. Bratislava inhabitants average gross wage is EUR1,619, Budapest workers earn EUR1,503. People in Prague earn the most, EUR1,684, the Profesia.sk website informed in its press release.

The gap between Hungary’s capital, Budapest, and Hungary’s second largest city, Debrecen, is the widest. Debrecen citizens earn EUR1,098, about EUR405 less than the salary in Budapest. On the other hand, the smallest gap of only EUR221, was observed in the Czech Republic. People in Brno, the second largest city in the Czech Republic, get paid EUR1,463 on average. Slovakia came second in this comparison. The salary gap between Bratislava and Košice is about EUR339, Košice citizens earn EUR1,209.

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Poland

Poland is the second best country in the world “to invest in or do business in 2019”, just after the Malaysia, according to the report of CEOWORLD magazine. “The rankings were based on 11 different factors, including corruption, freedom (personal, trade, and monetary), workforce, investor protection, infrastructure, taxes, quality of life, red tape, and technological readiness. Each category was equally weighted,” authors of the report wrote. 

Among the CSE countries Czech Republic was ranked 8th, Bulgaria 27th, Slovenia 30th, Romania 35th, Croatia 36th, Russia 38th, Hungary 47th, Ukraine 49th, Estonia 54th, Lithuania 55th, Slovakia 58th, Latvia 59th and Serbia 63rd.

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Serbia

Serbia attracted 70 per cent of the FDI in the Western Balkans in 2018, fDi Intelligence, a data division of The Financial Times informed. There were 105 greenfield projects in Serbia with a record value of EUR5.33bn.

Bosnia and Herzegovina accounted for 11.6 per cent of total greenfield investment, and Montenegro attracted a record 11 FDI projects.

According to the latest annual fDi Markets data from June 2018 to May 2019, North Macedonia and Albania attracted FDI worth EUR163m and EUR719m respectively.

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What’s up in indexes

BET (of Bucharest) increased from 8887.52 index points Tuesday, July 9th to 8902.14 index points Wednesday, July 10th. It’s up 0.15 per cent d/d and up 13.0 per cent y/y.

BUX (of Budapest) increased from 40327.00 index points Tuesday, July 9th to 40578.00 index points Wednesday, July 10th. It’s up 0.62 per cent d/d and up 14.6 per cent y/y.

OMXR (of Riga) decreased from 1020.70 index points Tuesday, July 9th to 1017.09 index points Wednesday, July 10th. It’s down 0.35 per cent d/d and down 3.65 per cent y/y.

OMXT (of Tallinn) increased from 1269.83 index points Tuesday, July 9th to 1271.37 index points Wednesday, July 10th. It’s up 0.12 per cent d/d and up 0.81 per cent y/y.

OMXV (of Vilnius) increased from 684.27 index points Tuesday, July 9th to 687.81 index points Wednesday, July 10th. It’s up 0.52 per cent d/d and down 3.06 per cent y/y.

PX (of Prague) decreased from 1048.44 index points Tuesday, July 9th to 1047.25 index points Wednesday, July 10th. It’s down 0.11 per cent d/d and down 3.82 per cent y/y.

RTS (of Moscow) increased from 1394.86 index points Tuesday, July 9th to 1407.64 index points Wednesday, July 10th. It’s up 0.92 per cent d/d and up 17.1 per cent y/y.

SAX (of Bratislava) decreased from 345.57 index points Tuesday, July 9th to 343.81 index points Wednesday, July 10th. It’s down 0.51 per cent d/d and up 3.94 per cent y/y.

SOFIX (of Sofia) increased from 578.60 index points Tuesday, July 9th to 580.60 index points Wednesday, July 10th. It’s up 0.34 per cent d/d and down 7.70 per cent y/y.

UX (of Kyiv) closed at 1608.80 index points Wednesday, July 10th. It’s the same result as Tuesday’s. It’s 0 per cent change d/d and up 2.36 per cent y/y.

WIG20 (of Warsaw) increased from 2312.63 index points Tuesday, July 9th to 2312.77 index points Wednesday, July 10th. It’s up 0.01 per cent d/d and up 6.20 per cent y/y.

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