Slovenia has new government

Ljubljana, Slovenia (Grant Bishop, CC BY-SA)

German chancellor visits Lithuania on Friday, September 14th

Latvia: a sharp decrease of non-resident deposits in bank

Slovenia

The cabinet of prime minister Marjan Sarec has been sworn in on September 13th. The SEE News Corporate explains that the ruling coalition is a minority coalition made of centre-left LMS party (led by Sarec), the Social Democrats (SD), the Modern Center Party (SMC), the Alenka Bratusek Party (SAB) and the Democratic Party of Pensioners of Slovenia (DeSUS).

Andrej Betoncelj, Finance Minister, will be also a deputy Prime Minister. The following officials will hold the same position: minister of defence Karl Erjavec, minister of education, science and sport Jernej Pikalo, minister of infrastructure Alenka Bratusek and minister of foreign affairs Miro Cerar (the outgoing Prime Minister).

As the portal informs, regular sessions of the government will generally be convened on Thursdays, and meetings of government working bodies on Tuesdays.

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Lithuania

German Chancellor Angela Merkel will meet with Lithuania’s President Dalia Grybauskaite and the Prime Ministers of Baltic countries: Lithuania’s Saulius Skvernelis, Latvia’s Māris Kučinskis and Estonia’s Jüri Ratas — the Baltic Course informs. The officials will discuss defence and EU agenda issues.

The portal quotes the President’s press service: “Dalia Grybauskaite and Angela Merkel will discuss topical EU agenda issues, cooperation ties in defence as well as further prospects for the development of economic and business contacts”.

Angela Merkel will visit Vilnius — where the talks with Lithuanian President and the Prime Ministers of the three countries are held, and Rukla — where the troops of the German-led NATO multinational battalion stationed.

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Latvia

Non-resident deposits at Latvian banks decreased. Leta agency informs that at the end of August 2018 they dropped to “historically lowest level” of 20.5 per cent. According to the data from the Financial and Capital Market Commission non-resident deposits have reduced from EUR12.4bn in 2015 to EUR3.2bn in the period mentioned.

“Deposits by local residents at Latvian banks have reached 79 per cent of the total amount of deposits. Meanwhile, deposits by residents of EU member states are currently at 10 per cent, deposits by residents of CIS at 5 per cent, and deposits by residents of other countries at 6 per cent.” Leta writes.

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What’s up in indexes

BET (of Bucharest) decreased from 8,261.86 index points Wednesday, September 12th to 8,206.00 index points Thursday, September 13th. It’s down 0.74 per cent d/d and up 2.06 per cent y/y.

BUX (of Budapest) decreased from 36,104.07 index points Wednesday, September 12th to 36,156.04 index points Thursday, September 13th. It’s up 0.14 per cent d/d and down 5.15 per cent y/y.

CROBEX (of Zagreb) decreased from 1,810.86 index points Wednesday, September 12th to 1,798.80 index points Thursday, September 13th. It’s down 0.67 per cent d/d and up 0.48 per cent y/y.

OMXR (of Riga) increased from 977.37 index points Wednesday, September 12th to 979.20 index points Thursday, September 13th. It’s up 0.19 per cent d/d and down 0.91 per cent y/y.

OMXT (of Tallinn) increased from 1,217.29 index points Wednesday, September 12th to 1,218.48 index points Thursday, September 13th. It’s up 0.10 per cent d/d and down 2.64 per cent y/y.

OMXV (of Vilnius) decreased from 692.08 index points Wednesday, September 12th to 692.03 index points Thursday, September 13th. It’s down 0.01 per cent d/d and up 7.15 per cent y/y.

PX (of Prague) increased from 1,089.31 index points Wednesday, September 12th to 1,092.74 index points Thursday, September 13th. It’s up 0.31 per cent d/d and up 4.64 per cent y/y.

SAX (of Bratislava) increased from 332.74 index points Wednesday, September 12th to 333.22 index points Thursday, September 13th. It’s up 0.14 per cent d/d and up 0.90 per cent y/y.

SOFIX (of Sofia) decreased from 631.44 index points Wednesday, September 12th to 630.02 index points Thursday, September 13th. It’s down 0.22 per cent d/d and down 8.66 per cent y/y.

UX (of Kyiv) increased from 1,632.63 index points Wednesday, September 12th to 1,643.39 index points Thursday, September 13th. It’s up 0.66 per cent d/d and up 44.65 per cent y/y.

WIG20 (of Warsaw) increased from 2,210.16 index points Wednesday, September 12th to 2,233.46 index points Thursday, September 13th. It’s up 1.05 per cent d/d and down 10.67 per cent y/y.

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