Russians’ real income will further decrease in 2019

Irkutsk, Russia (valdosilasol, CC BY-NC)

Baltics and the US agrees on cooperation for energy security

Self-driving vehicle test track opened in Hungary

Russia

Real incomes of Russians are set to decrease even more in 2019, due to a slower growth of real wages and higher spending, a representative with the Accounts Chamber told TASS News Agency. Russia is on track to see off 2019 as the sixth consecutive year of falling real, disposable personal incomes. According to the Federal State Statistics Service, in 2018, real incomes of Russians fell by 0.2 per cent y/y and 8.3 per cent compared with 2013.

“Taking into account the current trends and the fact that in 2019 no significant new monetary measures of social support of citizens are expected, there are risks of maintaining the dynamics of this indicator in a negative area,” the Accounts Chamber added.

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Baltic countries

The three Baltic countries and the United States agreed to set up a 3+1 cooperation format to synchronize the Baltic grids with continental Europe. other goals are cooperation in the area of cybersecurity, renewable energy, and the creation of a common, regional natural gas market, with emphasis on expanding LNG imports. The new cooperation format will be inaugurated in Vilnius in September.

The agreement was reached during a meeting of the Lithuanian, Latvian and Estonian presidents and the US Secretary of Energy Rick Perry.

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Hungary

Hungary’s Prime Minister Viktor Orbán opened a 265 hectare test track for self-driving vehicles near Zalaegerszeg, southwest Hungary. The Hungarian government financed the construction by EUR137.9m grant. Mr. Orbán said that “the future has started, it is called digital economy,” and added that the Zalaegerszeg investment is “one of the first tickets Hungary has bought into that future.”

Prime Minister also said that he expected the Zalaegerszeg centre will grow into a regional hub with a European radius.

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What’s up in indexes

BET (of Bucharest) decreased from 8223.72 index points Friday, May 17th to 8223.76 index points Monday, May 20th. It’s down 0.11 per cent d/d and down 0.45 per cent y/y.

BUX (of Budapest) decreased from 39877.82 index points Friday, May 17th to 39631.00 index points Monday, May 20th. It’s down 0.62 per cent d/d and up 8.87 per cent y/y.

OMXR (of Riga) increased from 1025.55 index points Friday, May 17th to 1027.85 index points Monday, May 20th. It’s up 0.22 per cent d/d and down 0.91 per cent y/y.

OMXT (of Tallinn) decreased from 1250.70 index points Friday, May 17th to 1244.52 index points Monday, May 20th. It’s down 0.49 per cent d/d and down 0.57 per cent y/y.

OMXV (of Vilnius) decreased from 680.85 index points Friday, May 17th to 680.13 index points Monday, May 20th. It’s down 0.11 per cent d/d and down 3.99 per cent y/y.

PX (of Prague) decreased from 1050.75 index points Friday, May 17th to 1049.34 index points Monday, May 20th. It’s down 0.13 per cent d/d and down 4.79 per cent y/y.

RTS (of Moscow) increased from 1254.68 index points Friday, May 17th to 1256.22 index points Monday, May 20th. It’s up 0.12 per cent d/d and up 5.40 per cent y/y.

SAX (of Bratislava) decreased from 343.81 index points Friday, May 17th to 343.35 index points Monday, May 20th. It’s down 0.13 per cent d/d and up 5.87 per cent y/y.

SOFIX (of Sofia) increased from 568.87 index points Friday, May 17th to 569.30 index points Monday, May 20th. It’ up 0.08 per cent d/d and down 11.91 per cent y/y.

UX (of Kyiv) at 1710.85  index points Monday, May 20th. It’s the same result as Friday’s. It’s 0 per cent change d/d and down 7.99 per cent y/y.

WIG20 (of Warsaw) decreased from 2184.35 index points Friday, May 17th to 2175.51 index points Monday, May 20th. It’s down 0.40 per cent d/d and down 4.09 per cent y/y.

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