Romania’s President asks PM to resign due to economic reasons

Romania’s President Klaus Iohannis (EU2017EE Estonian Presidency, CC BY)

Poland: investments subsidised by EU totalled EUR70bn

Ukraine: more than 40 per cent respondents want to integrate with EU

Romania

Romania Insider informs that President Klaus Iohannis asked the Prime Minister Viorica Dancila to step down. According to Mr Iohannis, the head of the cabinet, supported by the Social Democratic Party (PSD), should resign immediately due to poor economic results. He claims the government failed to keep public finances in order, generating uncertainty and lack of predictability. The portal points out that it’s the second time when President asks Mrs Dancila to quit.

Romania’s National Bank (BNR) decided to increase the monetary policy rate from 2.25 per cent per year to 2.5 per cent per year (effective as of May 8th). Also, the deposit facility rate and lending rate have been raised.

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Poland

The Polish Radio quotes Investment and Development Minister Jerzy Kwieciński saying that investments in Poland, subsidised by the European Union under its 2014-2020 budget, are worth over EUR70bn.

The Polish Radio reminds that the cohesion policy, being the leading investment policy of the EU, aims to support job creation, business competitiveness, economic growth, sustainable development and to improve the quality of citizens’ life. Poland was the biggest beneficiary in the current EU budget perspective.

Poland is interested in getting access to the biggest possible sum of cohesion funds under the 2021-2027 budget but due to Brexit it may receive EUR8bn less.

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Ukraine

The Interfax Agency presents findings of a poll conducted by the Kyiv International Institute of Sociology (KIIS). As reported, 45 per cent respondents support Ukraine’s progress “towards European Union accession”. Only 9 per cent of them supports closer ties with the Custom Union led by Russia. 34 per cent of respondents claim their country should be neither Western nor Eastern-oriented. Also, 40 per cent support Ukraine’s NATO aspirations and 38 per cent oppose it.

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What’s up in indexes

BET (of Bucharest) increased from 8,788.32 index points Friday, May 4th to 8,851.40 index points Monday, May 7th. It’s up 0.72 per cent d/d and up 6.68 per cent y/y.

BUX (of Budapest) decreased from 37,916.31 index points Friday, May 4th to 37,541.33 index points Monday, May 7th. It’s down 0.99 per cent d/d and up 14.30 per cent y/y.

CROBEX (of Zagreb) decreased from 1,837.72 index points Friday, May 4th to 1,830.57 index points Monday, May 7th. It’s down 0.39 per cent d/d and down 1.36 per cent y/y.

OMXR (of Riga) increased from 1,031.00 index points Friday, May 4th to 1,036.31 index points Monday, May 7th. It’s up 0.52 per cent d/d and up 25.67 per cent y/y.

OMXT (of Tallinn) decreased from 1,248.09 index points Friday, May 4th to 1,245.38 index points Monday, May 7th. It’s down 0.22 per cent d/d and up 10.11 per cent y/y.

OMXV (of Vilnius) increased from 706.81 index points Friday, May 4th to 708.28 index points Monday, May 7th. It’s up 0.21 per cent d/d and up 21.25 per cent y/y.

PX (of Prague) increased from 1,097.18 index points Friday, May 4th to 1,109.04 index points Monday, May 7th. It’s up 1.08 per cent d/d and up 9.70 per cent y/y.

SAX (of Bratislava) increased from 326.33 index points Friday, May 4th to 330.66 index points Monday, May 7th. It’s up 1.33 per cent d/d and up 7.36 per cent y/y.

Monday, May 7th was a non-trading day at Sofia Stock Exchange. SOFIX (of Sofia) closed at 652.88 index points Friday, May 4th

UX (of Kyiv) decreased from 1,810.63 index points Friday, May 4th to 1,803.63 index points Monday, May 7th. It’s down 0.39 per cent d/d and up 78.84 per cent y/y.

WIG20 (of Warsaw) decreased from 2,233.35 index points Friday, May 4th to 2,214.36 index points Monday, May 7th. It’s down 0.85 per cent d/d and down 7.04 per cent y/y.

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