Slovak car production set for the record in 2019

(Volkswagen Slovakia, Public domain)

Bulgaria’s exports up by 1.5 per cent y/y (Jan-Nov’18)

Latvia: unemployment rate at 6.4 per cent by the YE

Slovakia

“Overall production at Slovakia’s car factories rose to 1.08 million vehicles in 2018 and should increase to a record 1.15 million units on 2019” the country’s car association informed. Germany’s Volkswagen, South Korea’s Kia and French carmaker Peugeot operate in Slovakia, the world’s biggest per capita carmaker. A fourth plant run by the British carmaker Jaguar Land Rover (JLR) started operating in October 2018.

“The results of the past year have turned out very well, which of course we are very glad about,” said Alexander Matušek, the president of the Slovak Automotive Industry Association (ZAP). “But we should realize that the automotive industry will face significant changes in the near future. This year will be extremely demanding especially with legislation reducing emissions in new cars,” Mr. Matušek added.

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Bulgaria

In January–November, 2018, Bulgaria’s exports grew by 1.5 per cent y/y. As the National Statistical Institute (NSI) informed, the country’s export reached BGN51,118.7bn (EUR26.1bn). At the same time imports grew to BGN58,059.2bn (EUR29.7bn), up 7.7 per cent y/y. The NSI also informed that in November alone, Bulgaria’s exports increased 2.2 per cent to BGN5bn, while imports grew 3.6 per cent to BGN5.7bn.

Nevertheless in the January–November, 2018, Bulgaria’s exports of goods to third countries decreased by 12.3 per cent y/y. Only in November 2018 it dropped by 6.7 per cent y/y — amounting to BGN16,062bn.The main trade partners of Bulgaria were Turkey, China, Serbia, the United States, Macedonia and the Russian Federation which accounted for 52.9 per cent of the exports to non EU countries.

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Latvia

By the end of 2018 the registered unemployment level in Latvia was 6.4 per cent, according to information from the State Employment Agency. It was 0.2 percentage points more than a month before and 0.4 per cent less than by the end of 2017. The lowest registered unemployment level by the end of 2018 was in capital Riga region — 4.2 per cent, the highest was observed in the eastern region of Latgale — 14.7 per cent. The country’s Economy Ministry predicts that the unemployment rate numbers should stabilize in next months as Latvia’s growth will continue in 2019 but at a slower pace — around 3.2 per cent or 3.5 per cent (4.5 per cent in 2018). 

“Growth rates in 2019 will be influenced by the growing uncertainty in the external environment — geopolitical situation in the region, uncertainty about Brexit, slower growth in EU member states, etc.,” the ministry explains.

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What’s up in indexes

BET (of Bucharest) decreased from 7,390.85 index points Thursday, January 10th to 7,240.73 index points Friday, January 11th. It’s down 1.99 per cent d/d and down 11.35 per cent y/y.

BUX (of Budapest) increased from 40,796.00 index points Thursday, January 10th to 40,886.06 index points Friday, January 11th. It’s up 0.22 per cent d/d and up 2.80 per cent y/y.

CROBEX (of Zagreb) decreased from 1,740.16 index points Thursday, January 10th to 1,734.51 index points Friday, January 11th. It’s down 0.32 per cent d/d and down 5.06 per cent y/y.

OMXR (of Riga) decreased from 961.75 index points Thursday, January 10th to 959.01 index points Friday, January 11th. It’s down 0.28 per cent d/d and down 6.66 per cent y/y.

OMXT (of Tallinn) increased from 1,190.42 index points Thursday, January 10th to 1,190.95 index points Friday, January 11th. It’s up 0.04 per cent d/d and down 6.75 per cent y/y.

OMXV (of Vilnius) increased from 630.51 index points Thursday, January 10th to 631.89 index points Friday, January 11th. It’s up 0.22 per cent d/d and down 4.85 per cent y/y.

PX (of Prague) decreased from 1,015.70 index points Thursday, January 10th to 1,011.44 index points Friday, January 11th. It’s down 0.42 per cent d/d and down 8.69 per cent y/y.

SAX (of Bratislava) increased from 334.69 index points Thursday, January 10th to 335.08 index points Friday, January 11th. It’s up 0.12 per cent d/d and down 0.28 per cent y/y.

SOFIX (of Sofia) decreased from 571.10 index points Thursday, January 10th to 567.46 index points Friday, January 11th. It’s down 0.65 per cent d/d and down 19.25 per cent y/y.

UX (of Kyiv) closed at 1,710.65 index points Friday, January 11th. It’s the same result as Thursday’s. It’s 0 per cent change d/d and up 13.26 per cent y/y.

WIG20 (of Warsaw) decreased from 2,335.31  index points Thursday, January 10th to 2,335.10 index points Friday, January 11th. It’s down 0.01 per cent d/d and down 7.87 per cent y/y.

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