Serbian defense industry exported arms worth USD897m

(Spc. Brian Chaney, CC BY)

IMF forecasts slowest growth rate for Lithuania among Baltic countries

Ladislav Kamenicky to become new finance minister of Slovakia

Serbia

Serbian defense industry exports are rising every year, up 13.9 per centin 2018 y/y, Tanjug News Agency informed, quoting Acting Assistant Defense Minister Nenad Miloradovic. According to the report, the UAE, Saudi Arabia and USA are the biggest buyers of Serbian-made arms. Serbia mostly exports firearms, ammunition, all types of artillery ammunition, mortar grenades and artillery missile ammunition.

“By investing in new technology and educated people, we improve things. The defense industry employs 11,700 people thanks to the investments made by the Republic of Serbia”, Serbian Defense Minister Aleksandar Vulin commented the news.

Read more

Lithuania, Latvia, Estonia

Lithuania’s economy will grow at the slowest rate among the Baltic countries in 2019, the International Monetary Fund (IMF) forecasts.

According to report published on Tuesday, the growth outlook for Lithuania was lowered by 0.1 per cent to 2.9 per cent for 2019. The IMF left the growth estimate on Estonia unchanged at 3.2 per cent, on Latvia however was cut 0.2 per cent to 3.3 per cent.

Inflation in Estonia is forecast to hit 3 per cent this year, in Latvia, the estimated ratios are 2.4 per cent, in Lithuania 2.2 per cent.

Unemployment in Estonia is estimated to grow to 6.9 per cent, Latvian unemployment, meanwhile, is set to drop to 7.9 per cent, while the unemployment rate in Lithuania is expected to drop 6.3 per cent in 2019.

 

Read more

Slovakia

The leader of Slovakia’s ruling party Robert Fico said on Tuesday he would nominate the head of parliament’s budget committee Ladislav Kamenicky as finance minister, to replace Peter Kazimir who is leaving to become head of the central bank.

Kamenicky, 48, a member of Smer’s leadership, studied at the Bratislava University of Economics, specializing in trade.

He will take over at the ministry just as the coalition government is considering abandoning its plan to run a small budget surplus next year in favor of higher spending and cuts to corporate taxes ahead of a spring 2020 general election, Reuters reports.

Read more

What’s up in indexes

BET (of Bucharest) increased from 8247.45 index points Monday, April 8th to 8305.97 index points Tuesday, April 9th. It’s up 0.63 per cent d/d and down 6.06 per cent y/y.

BUX (of Budapest) increased from 41827.00 index points Monday, April 8th to 42064.00 index points Tuesday, April 9th. It’s up 0.57 per cent d/d and up 9.81 per cent y/y.

OMXR (of Riga) decreased from 983.10 index points Monday, April 8th to 977.13 index points Tuesday, April 9th. It’s down 0.61 per cent d/d and down 5.06 per cent y/y.

OMXT (of Tallinn) increased from 1237.79 index points Monday, April 8th to 1239.45 index points Tuesday, April 9th. It’s up 0.28 per cent d/d and down 1.88 per cent y/y.

OMXV (of Vilnius) decreased from 672.88 index points Monday, April 8th to 672.62 index points Tuesday, April 9th. It’s down 0.01 per cent d/d and down 4.22 per cent y/y.

PX (of Prague) decreased from 1084.46 index points Monday, April 8th to 1083.42 index points Tuesday, April 9th. It’s down 0.10 per cent d/d and down 3.74 per cent y/y.

RTS (of Moscow) increased from 1240.16 index points Monday, April 8th to 1248.38 index points Tuesday, April 9th. It’s up 0.66 per cent d/d and up 14.0 per cent y/y.

SAX (of Bratislava) decreased from 361.46 index points Monday, April 8th to 350.40 index points Tuesday, April 9th. It’s down 3.06 per cent d/d and down 2.85 per cent y/y.

SOFIX (of Sofia) decreased from 580.19 index points Monday, April 8th to 576.50 index points Tuesday, April 9th. It’s down 1.17 per cent d/d and down 13.28 per cent y/y.

UX (of Kyiv) closed at 1743.51 index points Tuesday, April 9th. It’s the same result as Monday’s. It’s 0 per cent change d/d and up 0.77 per cent y/y.

WIG20 (of Warsaw) increased from 2359.52 index points Monday, April 8th to 2367.84 index points Tuesday, April 9th. It’s up 0.35 per cent d/d and up 4.67 per cent y/y.

Share this post

TOP