S&P revised Poland’s outlook to “positive”

S&P's headquarters, New York City, USA (B64, CC BY)

Slovakia: new measures to improve the business environment

More Bulgarians pay by cards

Poland

The international rating agency S&P has affirmed Poland’s BBB+ credit rating. At the same time it upgraded its outlook – from “stable” to “positive”. The decision was announced on April 13th. A few days earlier, on April 10th, the agency upgraded its forecast of Poland’s 2018 GDP growth – from 3.8 per cent to 4.5 per cent.

In a press release, the agency pointed out Poland’s “robust economic and fiscal performance”, adding that it could upgrade Poland’s rating over the next 24 months, if “the economy continue to expand at a buoyant pace and if the government debt-to-GDP ratio continued to decrease”.

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Slovakia

The Slovak Spectator reports that the government had to admin deterioration of the business environment in the country. That’s why the cabinet of Peter Pellegrini works on a special package for entrepreneurs. As reported, the Ministry of Economy has already submitted a set of new rules for interdepartmental review. There are 25 measures “mostly designed to improve conditions for family businesses, extend digitalization and cut red tape for employers”. As reported, under the new laws:

  • employers will no longer have to report the start and the end of maternal and paternal employee leave to the social security provider;
  • the conditions for firms willing to join the dual education system will be improved;
  • the systemic tools to boost employee skills in IT and communications technology will be introduced;
  • the entrepreneurs will be better informed about the documents they need to carry out administrative procedures, etc.

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Bulgaria

Bulgarians are getting more eager to cashless transactions. According to the Bulgarian National Bank (BNB) card payments increased by 44 per cent in the period 2014-2016. At the same time, the value of the transactions has increased by 38 per cent.

Novinite.com quotes BNB Deputy Governor, Nina Stoyanova, who said that the number and the value of card payments via POS (point-of-sale) terminals has increased by more than 20 per cent. Also in 2016 more than 50 per cent of credit transfer orders were made electronically by users of online banking services. It represented two-thirds of the total value of all credit transfers.

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What’s up in indexes

BET (of Bucharest) decreased from 8,926.03 index points Thursday, April 12th to 8,871.04 index points Friday, April 13th. It’s down 0.53 per cent d/d and up 7.42 per cent y/y.

BUX (of Budapest) increased from 38,330.37 index points Thursday, April 12th to 38,351.65 index points Friday, April 13th. It’s up 0.06 per cent d/d and up 17.56 per cent y/y.

CROBEX (of Zagreb) decreased from 1,788.64 index points Thursday, April 12th to 1,782.45 index points Friday, April 13th. It’s down 0.35 per cent d/d and down 4.11 per cent y/y.

OMXR (of Riga) increased from 1,035.32 index points Thursday, April 12th to 1,041.70 index points Friday, April 13th. It’s up 0.62 per cent d/d and up 30.59 per cent y/y.

OMXT (of Tallinn) decreased from 1,261.51 index points Thursday, April 12th to 1,259.42 index points Friday, April 13th. It’s down 0.17 per cent d/d and up 12.59 per cent y/y.

OMXV (of Vilnius) decreased from 706.77 index points Thursday, April 12th to 703.22 index points Friday, April 13th. It’s down 0.50 per cent d/d and up 23.54 per cent y/y.

PX (of Prague) increased from 1,131.78 index points Thursday, April 12th to 1,134.27 index points Friday, April 13th. It’s up 0.22 per cent d/d and up 16.15 per cent y/y.

Friday was a non-trading day at Bratislava Stock Exchange. SAX (of Bratislava) closed at 346.17 index points Thursday, April 12th. It’s up 0.30 per cent d/d and up 11.99 per cent y/y.

SOFIX (of Sofia) increased from 661.06 index points Thursday, April 12th to 663.22 index points Friday, April 13th. It’s up 0.33 per cent d/d and up 0.83 per cent y/y.

UX (of Kyiv) increased from 1,788.83 index points Thursday, April 12th to 1,802.13 index points Friday, April 13th. It’s up 0.74 per cent d/d and up 75.40 per cent y/y.

WIG20 (of Warsaw) increased from 2,306.44 index points Thursday, April 12th to 2,310.32 index points Friday, April 13th. It’s up 0.17 per cent d/d and up 3.43 per cent y/y.

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