Public procurement may fight corruption in Ukraine

Pharmacy in Odessa, Ukraine (weisserstier, CC BY-NC-ND)

Will China develop Rail Baltic?

In Croatia teachers and students demand reforms

Ukraine

The Economist published an article “Ukraine is struggling with corruption, sometimes successfully”, about Ukraine fighting two wars: the first one near its eastern border, and the second one – internal, at its core.

Economist writes about corruption in the public procurement. Thanks to launching the 4-year program of outsourcing public procurement of medicines, in 2016 Ukraine paid 38 per cent less than in 2015. As reported, in 2016 British-based Crown Agency and two bodies of United Nations ordered medicines on behalf of Ukrainian state. It occurred that those bodies attracted 30 suppliers instead of the 3 that have earlier dominated the supply market.

“This may be a small victory, but the fight against corruption is rarely won by tanks,” writes Economist.

>>More

Baltic countries

Baltic Course reports that China’s national railway company, China Railway Construction Corporation Ltd. (CRCC), might participate in developing the Rail Baltica project. The firm expressed its interest in building infrastructure for Rail Baltica during the meeting held on May 30th and organized by Estonian Chamber of Commerce.

The Baltic Course quotes Chai Changfeng, CEO of CRCC Ltd., saying: “CRCC is interested in developing major infrastructure constructions. (…) We’d like to have a local or EU construction partner, but CRCC is a large and integrated group, we manufacture equipment too, so the trade business is also in the pipeline”.

>>More

Croatia

Croatian education doesn’t prepare children for the challenges of rapidly changing world. Croatian education system prioritizes anachronistic learning methods – these are conclusions of Croatian teachers and students that will protest on the streets of Zagreb today. They demand an acceleration of reforms.

In 2015 the comprehensive reform has been launched by the former centre-left government. Its goals were to introduce primary school with nine grades (instead of eight), and to allow students to focus more on topics vital for their future education, as well as to give teachers and professors more autonomy in their work.

But in 2016 the reform has been stopped by the former Science and Education Minister Predrag Sustar. Last year 25,000 people protested against the stalled reform last year.

>>More

What’s up in indexes

BET (of Bucharest) increased from 8,702.71 index points Tuesday, May 30th to 8,769.41 index points Wednesday, May 31st. It’s up 0.77 per cent d/d and up 37.94 per cent y/y.

BUX (of Budapest) increased from 34,321.14 index points Tuesday, May 30th to 34,551.90 index points Wednesday, May 31st. It’s up 0.67 per cent d/d and up 30.28 per cent y/y.

CROBEX (of Zagreb) increased from 1,854.08 index points Tuesday, May 30th to 1,864.17 index points Wednesday, May 31st. It’s up 0.54 per cent d/d and up 12.16 per cent y/y.

OMXR (of Riga) decreased from 855.76 index points Tuesday, May 30th to 851.43 index points Wednesday, May 31st. It’s down 0.51 per cent d/d and up 32.31 per cent y/y.

OMXT (of Tallinn) increased from 1,116.20 index points Tuesday, May 30th to 1,116.57 index points Wednesday, May 31st. It’s up 0.03 per cent d/d and up 12.86 per cent y/y.

OMXV (of Vilnius) increased from 589.35 index points Tuesday, May 30th to 592.11 index points Wednesday, May 31st. It’s up 0.47 per cent d/d and up 14.91 per cent y/y.

PX (of Prague) decreased from 1,006.15 index points Tuesday, May 30th to 1,002.38 index points Wednesday, May 31st. It’s down 0.37 per cent d/d and up 12.15 per cent y/y.

SAX (of Bratislava) closed at 304.13 index points index points Wednesday, May 31st. It’s the same result as Tuesday’s. It’s zero per cent change d/d and down 4.65 per cent y/y.

SOFIX (of Sofia) increased from 659.35 index points Tuesday, May 30th to 661.23 index points Wednesday, May 31st. It’s up 0.29 per cent d/d and up 49.82 per cent y/y.

UX (of Kyiv) increased from 989.63 index points Tuesday, May 30th to 1,004.40 index points Wednesday, May 31st. It’s up 1.49 per cent d/d and up 60.52 per cent y/y.

WIG20 (of Warsaw) decreased from 2,292.27 index points Tuesday, May 30th to 2,281.18 index points Wednesday, May 31st. It’s down 0.48 per cent d/d and up 26.15 per cent y/y.

Share this post

TOP