Serbia suspends exports to Kosovo

Pristina, Kosovo (Clay Gilliland, CC BY-SA)

Latvia enters 2019 with a temporary budget

Hungary: new car sales up 17.5 per cent y/y

Serbia and Kosovo

On December 31st, 2018 Serbia’s exports to Kosovo were completely suspended — the SEE News Corporate Wire informs. Serbia’s government decided to do so after the Kosovo’s government increased import tariffs on all goods produced in Serbia and Bosnia to 100 per cent (read more).

Rasim Ljajic, Serbian Trade Minister, explained that “Kosovo’s decision has resulted in direct damages estimated at EUR46.1m for the Serbian economy between November 21st and December 31st, 2018.” The portal points out that in 2017 Kosovo imported goods from Serbia worth EUR450m.

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Latvia

The LETA agency informs that Latvia entered 2019 with the so-called temporary budget, as the 2019 budget bill has not been approved. This is due to an ongoing process of the government formation. “President Raimonds Vejonis has already promulgated amendments to the law on budget and financial management intended to resolve the issues arising from a delayed adoption of the 2019 state budget,” the agency reports.

The amendments apply, i.a., to the situation of the Emergency Medical Service employees — Latvia’s Finance Minister will allocate EUR8.3m to increase their salaries.

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Hungary

The sales of new cars increased 17.5 per cent y/y in 2018 — the Budapest Business Journal (BBJ) informs after Carinfo.hu. 136,601 new vehicles were sold last year. The increase was observed in both categories: light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). In the first category the growth was 14 per cent (to 22,725 units). In the second it was 6.7 per cent (to 6,245 units).

The Hungarian Association of Vehicle Importers (MGE) expects that the pace of growth would continue in 2019.

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What’s up in indexes

BET (of Bucharest) increased from 7,383.68 index points Monday, December 31st to 7,475.48 index points Thursday, January 3rd. It’s up 1.24 per cent y/y and down 5.50 per cent y/y.

BUX (of Budapest) decreased from 39,734.06 index points Wednesday, January 2nd to 39,672.60 index points Thursday, January 3rd. It’s down 0.15 per cent d/d and up 0.17 per cent y/y.

CROBEX (of Zagreb) decreased from 1,729.39 index points Wednesday, January 2nd to 1,728.53 index points Thursday, January 3rd. It’s down 0.08 per cent d/d and down 3.91 per cent y/y.

OMXR (of Riga) increased from 930.77 index points Wednesday, January 2nd to 953.26 index points Thursday, January 3rd. It’s up 2.42 per cent d/d and down 4.92 per cent y/y.

OMXT (of Tallinn) decreased from 1,169.38 index points Wednesday, January 2nd to 1,166.50 index points Thursday, January 3rd. It’s down 0.25 per cent d/d and down 7.17 per cent y/y.

OMXV (of Vilnius) increased from 618.57 index points Wednesday, January 2nd to 619.58 index points Thursday, January 3rd. It’s up 0.16 per cent d/d and down 6.67 per cent y/y.

PX (of Prague) increased from 989.37 index points Wednesday, January 2nd to 990.05 index points Thursday, January 3rd. It’s up 0.07 per cent d/d and down 8.90 per cent y/y.

SAX (of Bratislava) closed at 332.37 index points Thursday, January 3rd. It’s the same result as Wednesday’s. It’s up 2.08 per cent y/y.

SOFIX (of Sofia) decreased from 586.12 index points Wednesday, January 2nd to 585.33 index points Thursday, January 3rd. It’s down 0.13 per cent d/d and down 14.56 per cent y/y.

UX (of Kyiv) increased from 1,705.04 index points Friday, December 28th to 1,710.65 index points Thursday, January 3rd. It’s up 0.33 per cent d/d and up 26.51 per cent y/y.

WIG20 (of Warsaw) decreased from 2,301.62 index points Wednesday, January 2nd to 2,247.22 index points Thursday, January 3rd. It’s down 2.36 per cent d/d and down 8.77 per cent y/y.

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