Slovakia behind other EU countries in innovation

Bratislava, Slovakia (Miroslav Petrasko, CC BY-NC-ND)

East Ukraine to get EUR50 from UNDP and EU

Romania: EU minister’s resignation

Slovakia

The Slovak Spectator writes about two reports showing that Slovakia lags far behind other European countries in innovation.

One of them is the European Commission’s 2018 European Innovation Scoreboard. Slovakia ranks 23rd, down 2 positions from 2017. The second is the Global Innovation Index in which Slovakia places 36th, also down 2 places y/y.

According to the data from the Global Innovation Index, Slovakia’s gross expenditure on R&D was 0.8 per cent in 2017.

The portal quotes Milan Suste from Deloitte Slovakia commenting the results: “Of course, Slovakia focused on building its industry and the creation of work places during the first years of its existence, even at the price of a lower focus on innovations (…) The support of innovation and activities with higher added value should have been another step”.

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Ukraine

European Union (EU) together with the United Nations Development Program (UNDP) prepared a program aimed at helping Ukrainians in the eastern part of the country. As explained by the Interfax the program goal is to help internally displaced persons and entrepreneurs.

The agency reports that the two entities (EU and UNDP) have just signed an agreement upon which they will provide eastern Ukraine with EUR50m.

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Romania

Romania’s EU Affairs Minister Victor Negrescu stepped from his office. The reason for the decision was not disclosed. Politico.eu comments that the move “risks disrupting the country’s preparations to take on the Council of the EU’s rotating presidency in January” 2019 as Negrescu was “a key figure” in the process.

The portal points out that the day before Negrescu’s resignation “there was a discussion among ministers about the government’s preparations for the EU presidency”.

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What’s up in indexes

BET (of Bucharest) increased from 8,571.53 index points Thursday, November 8th to 8,657.22 index points Friday, November 9th. It’s up 1.00 per cent d/d and up 11.75 per cent y/y.

BUX (of Budapest) decreased from 38,713.45 index points Thursday, November 8th to 38,586.63 index points Friday, November 9th. It’s down 0.33 per cent d/d and down 4.19 per cent y/y.

CROBEX (of Zagreb) increased from 1,785.70 index points Thursday, November 8th to 1,786.19 index points Friday, November 9th. It’s up 0.03 per cent d/d and down 1.47 per cent y/y.

OMXR (of Riga) increased from 949.02 index points Thursday, November 8th to 949.66 index points Friday, November 9th. It’s up 0.07 per cent d/d and down 8.58 per cent y/y.

OMXT (of Tallinn) decreased from 1,191.78 index points Thursday, November 8th to 1,189.33 index points Friday, November 9th. It’s down 0.21 per cent d/d and down 3.53 per cent y/y.

OMXV (of Vilnius) decreased from 649.41 index points Thursday, November 8th to 645.38 index points Friday, November 9th. It’s down 0.62 per cent d/d and down 2.47 per cent y/y.

PX (of Prague) increased from 1,085.95 index points Thursday, November 8th to 1,089.08 index points Friday, November 9th. It’s up 0.29 per cent d/d up 2.69 per cent y/y.

SAX (of Bratislava) increased from 330.97 index points Thursday, November 8th to 334.22 index points Friday, November 9th. It’s up 0.98 per cent d/d and up 4.29 per cent y/y.

SOFIX (of Sofia) increased from 595.00 index points Thursday, November 8th to 597.76 index points Friday, November 9th. It’s up 0.46 per cent d/d and down 11.01 per cent y/y.

UX (of Kyiv) increased from 1,786.65 index points Thursday, November 8th to 1,791.23 index points Friday, November 9th. It’s up 0.26 per cent d/d and up 42.22 per cent y/y.

WIG20 (of Warsaw) decreased from 2,262.84 index points Thursday, November 8th to 2,232.25 index points Friday, November 9th. It’s down 1.35 per cent d/d and down 9.92 per cent y/y.

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