Smaller Slovak cities better for business than Bratislava

Žilina , Slovakia (Guillaume Speurt, CC BY-SA)

Serbia considers introducing income tax cuts

Poland with millions from UE for a Polish expressway

Slovakia

According to the World Bank smaller Slovak cities like Prešov or Žilina are better for doing business than Bratislava. The World Bank published its report on doing business in 25 cities in selected countries “Doing Business in the European Union 2018: Croatia, Czech Republic, Portugal and Slovakia”.

“Each of the five cities analyzed in Slovakia, except for Bratislava, came top in at least one monitored area. Setting up business is easier in Prešov and Žilina, while receiving a building permit is more efficient in Prešov and receiving electricity supplies is easier in Žilina. Trnava is exceptional in transferring the ownership of real estate and Košice tops the list of cities where contractual obligations are exacted the most efficiently,” the Slovak Spectator reports.

Read more

Serbia

Serbia’s government plans to propose a cut in personal income tax rate, the SEE News Corporate Wire informs. According to the portal, the new measure could be introduced during the next visit of the International Monetary Fund (IMF) representatives in September 2018. Finance Minister Sinisa Mali revealed that the cabinet thinks of a whole package of stimulus measures, “including a reduction of personal income tax, which will increase the competitiveness of the country’s economy”.

In Serbia there is a flat income tax rate of 10 per cent withheld at the source, while an additional tax rate of up to 15 per cent is levied on the gross annual income at the end of the year. As of January 2018, the monthly non-taxable income in Serbia amounts to SRB15,000.

Read more

Poland

The Polish Radio reports that a new section of the S17 expressway between Warsaw and Lublin (southeast Poland) will be built and financed by the European Union’s Cohesion Fund. The total amount will be EUR146m.

The S17 expressway is a part of an international route connecting Poland with Ukraine.

Read more

What’s up in indexes

BET (of Bucharest) decreased from 7,942.11 index points Wednesday, July 4th to 7,814.50 index points Thursday, July 5th. It’s down 1.08 per cent d/d and down 4.03 per cent y/y.

BUX (of Budapest) decreased from 36,600.25 index points Wednesday, July 4th to 36,335.09 index points Thursday, July 5th. It’s down 0.72 per cent d/d and up 2.94 per cent y/y.

CROBEX (of Zagreb) increased from 1,796.30 index points Wednesday, July 4th to 1,799.80 index points Thursday, July 5th. It’s up 0.19 per cent d/d and down 2.58 per cent y/y.

OMXR (of Riga) increased from 1,037.32 index points Wednesday, July 4th to 1,037.79 index points Thursday, July 5th. It’s up 0.05 per cent d/d and up 7.08 per cent y/y.

OMXT (of Tallinn) decreased from 1,261.34 index points Wednesday, July 4th to 1,259.09 index points Thursday, July 5th. It’s down 0.18 per cent d/d and up 8.96 per cent y/y.

OMXV (of Vilnius) decreased from 708.53 index points Wednesday, July 4th to 707.78 index points Thursday, July 5th. It’s down 0.11 per cent d/d and up 17.49 per cent y/y.

Thursday, July 5th was a non-trading day at Prague Stock Exchange. PX (of Prague) closed at 1,077.56 index points Wednesday, July 4th. It’s up 9.20 per cent y/y.

Thursday, July 5th was a non-trading day at Bratislava Stock Exchange. SAX (of Bratislava) closed at 330.34 index points Wednesday, July 4th. It’s down 0.74 per cent y/y.

SOFIX (of Sofia) decreased from 630.37 index points Wednesday, July 4th to 629.51 index points Thursday, July 5th.  It’s down 0.14 per cent d/d and down 11.51 per cent y/y.

UX (of Kyiv) decreased from 1,602.52 index points Wednesday, July 4th to 1,558.87 index points Thursday, July 5th. It’s down 2.72 per cent d/d and up 49.18 per cent y/y.

WIG20 (of Warsaw) decreased from 2,182.51 index points Wednesday, July 4th to 2,156.59 index points Thursday, July 5th. It’s down 1.19 per cent d/d and down 6.54 per cent y/y.

Share this post

TOP