Swedbank Estonia with AML problems

Tallinn, Estonia (Flying Saucer, Public domain)

Labor costs in Romania with the highest growth in EU

Ukrenergo may get EUR149m from EBRD

Estonia

An internal Swedbank report identified major breaches of anti-money laundering in its Estonian branch. Swedish public broadcaster SVT claims it had seen a copy of the document. According to the report in 10 years some EUR135bn of high-risk funds have been laundered through the bank’s Estonian branch, and Swedbank failed to report suspicious transactions.

The Swedish Economic Crime Authority (EBM) confirmed that a police raid took place at the Swedbank’s headquarters in Sweden. The bank’s shares went down by 12 per cent.

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Romania

In the Q4’18, the hourly labor costs in Romania increased the most within the EU. They were up13.1 per cent y/y, while EU average was 2.8 per cent.

Furthermore, labor productivity in Romania had increased 50 per cent since the country has joined the EU, reaching a level close to Poland, Hungary and Croatia, Profit.ro reports quoting Eurostat data.

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Ukraine

The European Bank for Reconstruction and Development (EBRD) could provide EUR149m to the Ukrainian national transmission network operator, Ukrenergo, Interfax News Agency reported.

The project will enable Ukrenergo to upgrade its key transmission infrastructure, required for a synchronization with the European Network of Transmission System Operators for Electricity (ENTSO-E).

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What’s up in indexes

BET (of Bucharest) increased from 8054.38 index points Tuesday, March 26th to 8105.30 index points Wednesday, March 27th. It’s up 0.76 per cent d/d and down 7.27 per cent y/y.

BUX (of Budapest) decreased from 41741.00 index points Tuesday, March 26th to 41316.00 index points Wednesday, March 27th. It’s down 1.02 per cent d/d and up 10.8 per cent y/y.

CROBEX (of Zagreb) decreased from 1,793.30 index points Tuesday, March 26th to 1,790.15 index points Wednesday, March 27th. It’s down 0.09 per cent d/d and up 0.46 per cent y/y.

OMXR (of Riga) decreased from 969.97 index points Tuesday, March 26th to 968.45 index points Wednesday, March 27th. It’s down 0.16 per cent d/d and down 6.91 per cent y/y.

OMXT (of Tallinn) decreased from 1242.96 index points Tuesday, March 26th to 1239.39 index points Wednesday, March 27th. It’s down 0.29 per cent d/d and down 2.54 per cent y/y.

OMXV (of Vilnius) decreased from 658.74 index points Tuesday, March 26th to 654.43 index points Wednesday, March 27th. It’s down 0.65 per cent d/d and down 5.44 per cent y/y.

PX (of Prague) increased from 1074.35 index points Tuesday, March 26th to 1076.96 index points Wednesday, March 27th. It’s up 0.24 per cent d/d and down 3.42 per cent y/y.

SAX (of Bratislava) closed at 351.18 index points Wednesday, March 27th. It’s the same result as Tuesday’s. It’s 0 per cent change d/d and up 3.50 per cent y/y.

SOFIX (of Sofia) increased from 578.30 index points Tuesday, March 26th to 578.70 index points Wednesday, March 27th. It’s up 0.06 per cent d/d and down 11.68 per cent y/y.

UX (of Kyiv) closed at 1714.78 index points Wednesday, March 27th. It’s the same result as Tuesday’s. It’s 0 per cent change d/d and up 1.80 per cent y/y.

WIG20 (of Warsaw) decreased from 2324.91 index points Tuesday, March 26th to 2315.17 index points Wednesday, March 27th. It’s down 0.42 per cent d/d and up 3.07 per cent y/y.

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