Rail Baltica’s trains will depart every two hours

(RB Rail AS, CC BY-SA)

Romania needs 500,000 more employees in five years

Slovakia has a new central bank’s governor

Poland and Baltics

Rail Baltica trains will ride four times a day, once the railway is launched, and up to six times a day within 10 years of operations. The trains’ frequency is based on the assessment of passengers’ opinions which will be used for the development Rail Baltica Train Movement Plan 2026-2056.

The future timetables were released by the RB Rail consortium, which is managing the project worth EUR6bn. The overall length of the Rail Baltica will be 870 kilometers.

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Romania

Romania will need over 500,000 workers in the next five years and will not be able to secure them from internal resources, shows a study by KPMG and the Romanian National Institute for Economic Research of the Romanian Academy. The lack of workforce is being felt in such secotrs as the hospitality, shipyard, retail and construction.

Romania’s government has approved 20,000 working permits for non-EU residents for 2019, twofold the 2018 quota and fourfold the 2017 quota. Most of the foreign workers come from Vietnam (35 per cent), followed by Turkey, Nepal, Serbia, Sri Lanka, China and Moldova.

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Slovakia

President Andrej Kiska appointed Peter Kažimír as the new governor of Slovakia’s central bank (NBS).Mr. Kažimír has been the Finance Minister since 2012, and will take over the NBS’ governor post as of June 1st, 2019.

In the past Mr. Kažimír has often supported tough line towards Eurozone countries that fail to meet fiscal commitments. However, after the appointment he declined to comment on monetary policy and told reporters that nowadays the Eurozone’s situation differs. “Each new outlook from Slovakia, Europe or globally shows that growth is slowing down. But there is no need to panic,” Mr. Kažimír said.

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What’s up in indexes

BET (of Bucharest) decreased from 7889.95 index points Tuesday, March 12th to 7854.22 index points Wednesday, March 13th. It’s down 0.42 per cent d/d and down 8.76 per cent y/y.

BUX (of Budapest) increased from 40613.00 index points Tuesday, March 12th to 40888.00 index points Wednesday, March 13th. It’s up 0.68 per cent d/d and up 5.75 per cent y/y.

CROBEX (of Zagreb) increased from 1,762.21 index points Tuesday, March 12th to 1,769.12 index points Wednesday, March 13th. It’s up 0.11 per cent d/d and down 2.36 per cent y/y.

OMXR (of Riga) increased from 977.29 index points Tuesday, March 12th to 985.87 index points Wednesday, March 13th. It’s up 0.88 per cent d/d and down 5.27 per cent y/y.

OMXT (of Tallinn) decreased from 1253.12 index points Tuesday, March 12th to 1243.93 index points Wednesday, March 13th. It’s down 0.20 per cent d/d and down 4.83 per cent y/y.

OMXV (of Vilnius) decreased from 655.29 index points Tuesday, March 12th to 654.44 index points Wednesday, March 13th. It’s down 0.02 per cent d/d and down 4.16 per cent y/y.

PX (of Prague) increased from 1060.36 index points Tuesday, March 12th to 1061.63 index points Wednesday, March 13th. It’s up 0.12 per cent d/d and down 5.58 per cent y/y.

SAX (of Bratislava) decreased from 342.73 index points Tuesday, March 12th to 342.27 index points Wednesday, March 13th. It’s down 0.13per cent d/d and up 2.15 per cent y/y.

SOFIX (of Sofia) decreased from 582.51 index points Tuesday, March 12th to 580.03 index points Wednesday, March 13th. It’s down 0.21 per cent d/d and down 15.61 per cent y/y.

UX (of Kyiv) increased from 1695.04 index points Tuesday, March 12th to 1696.23 index points Wednesday, March 13th. It’s up 0.07 per cent d/d and up 4.14 per cent y/y.

WIG20 (of Warsaw) increased from 2310.10 index points Tuesday, March 12th to 2314.79 index points Wednesday, March 13th. It’s up 0.20 per cent d/d and down 1.62 per cent y/y.

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