Slovak manufacturing driven by automotive and eCommerce

(Volkswagen Slovakia, Public domain)

Macedonia spends money on not working civil servants

The first container train from China arrived at Riga port

Slovakia

An analysis of The Slovak Spectator claims that there are two drivers of Slovak manufacturing: the growth of the automotive industry and fast development of eCommerce. The strongest parts of the country are Western Slovakia and Bratislava. The portal quotes Martin Stratov, director of leasing and development at Prologis in Slovakia: “Western Slovakia is one of the most attractive European locations in all of the CEE region for logistics development, thanks mostly to the immediate and fast transport accessibility”.

There are also challenges that Slovak manufacturing is facing — lack of labor force and robotization of production and logistic.

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Macedonia

Over the past 9 years, Macedonia has spent more than EUR40m on newly employed minority civil servants — the Balkan Insights reports. The ethnic minorities representatives were hired under the 2001 Ohrid Agreement. According to the data from Macedonia’s Secretariat for Implementation of the Ohrid Agreement, in the years 2009-2017 EUR67m was spent on their wages. At the same time, the number of employees over that period increased from 1,300 to 2,100. But as much as 1,100-1,600 of them haven’t had a post yet. It means that 2/3 of the total sum spent (over EUR40m) went on unassigned employees. Now Macedonian authorities announced they want to finally resolve the problem.

The Ohrid Framework Agreement was a peace deal signed by the Republic of Macedonia and ethnic Albanian representatives, ending the armed conflict in the country.

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Latvia

The first container train from Chinese city Xi’an arrived at the Riga port, and was shipped by the sea to the German and Finnish ports — the Baltic Course informs. As reported, the train “has headed to Riga two months after Latvian Railways CEO, Edvins Berzins signed the strategic cooperation agreement with Xi’an International Trade and Logistics Park”.

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What’s up in indexes

BET (of Bucharest) decreased from 8,582.41 index points Friday, November 16th to 8,544.85 index points Monday, November 19th. It’s down 0.44 per cent d/d and up 9.36 per cent y/y.

BUX (of Budapest) decreased from 39,328.39 index points Friday, November 16th to 39,323.00 index points Monday, November 19th. It’s down 0.01 per cent d/d and up 0.09 per cent y/y.

CROBEX (of Zagreb) decreased from 1,756.44 index points Friday, November 16th to 1,747.23 index points Monday, November 19th. It’s down 0.52 per cent d/d and down 3.41 per cent y/y.

Monday, November 19th was a non-trading day at Nasdaq Riga. OMXR (of Riga) closed at 941.64 index points Friday, November 16th. It’s down 8.72 per cent y/y.

OMXT (of Tallinn) decreased from 1,188.74 index points Friday, November 16th to 1,188.51 index points Monday, November 19th. It’s down 0.02 per cent d/d and down 3.56 per cent y/y.

OMXV (of Vilnius) increased from 640.95 index points Friday, November 16th to 641.19 index points Monday, November 19th. It’s up 0.04 per cent d/d and down 2.26 per cent y/y.

PX (of Prague) decreased from 1,080.53 index points Friday, November 16th to 1,079.18 index points Monday, November 19th. It’s down 0.12 per cent d/d up 2.43 per cent y/y.

SAX (of Bratislava) decreased from 330.64 index points Friday, November 16th to 329.68 index points Monday, November 19th. It’s down 0.29 per cent d/d and up 2.68 per cent y/y.

SOFIX (of Sofia) decreased from 595.31 index points Friday, November 16th to 592.68 index points Monday, November 19th. It’s down 0.44 per cent d/d and 11.43 per cent y/y.

UX (of Kyiv) decreased from 1,797.89 index points Friday, November 16th to 1,785.81 index points Monday, November 19th. It’s down 0.67 per cent d/d and up 40.04 per cent y/y.

WIG20 (of Warsaw) increased from 2,165.46 index points Friday, November 16th to 2,189.73 index points Monday, November 19th. It’s up 1.12 per cent d/d and down 11.28 per cent y/y.

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