The number of cybercrimes increases in Czech Republic

(Richard Patterson, comparitech.com, CC BY)

Robust growth needed to reach GDP goals in Hungary

Serbia’s central government debt narrows to 72.1 per cent GDP at end August 2016

Romanian energy trading company charged with tax evasion

Czech Republic

The number of cybercrimes increases in Czech Republic. The Interior Minister Milan Chovanec has recently informed that: “With a rise of 14 per cent y/y, it is time to start tackling the problem.” So the Ministry has put additional funds to the fight against terrorism which also has a cyber component.

As Radio Praha informs, the European Union’s law enforcement agency, Europol, has also warned of the relentless threat of cybercrime. It identified 8 major trends in an annual report: from payment fraud to crime-as-a-service which it says could be accessed by terrorist groups.

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Hungary

The Budapest Business Journal informs that services, agriculture and household consumption were the main drivers behind Hungary’s growth figures in Q2’16.

The portal reports that most analysts are keeping their growth projections though – some even raised it – but all agreed that a strong second half year is the key for meeting growth expectations for 2016. However, the performance of industry is poor and the industrial output declines.

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Serbia

At the end of August 2016 Serbia’s central government debt decreased by 0.5 per cent m/m. It reached EUR24.3bn. As the data from the country’s Public Debt Administration (PDA) shows the debt was equivalent to 72.1 per cent of GPD. At the end of July it was 72.5 per cent.

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Romania

Romania Insider reports the Energy Holding – in the past one of the biggest energy trading companies in Romania –  has been charged „with tax evasion and embezzlement”.

The company bought overpriced land plots from individual investors for illegal VAT reimbursements. „Energy Holding apparently used these land purchases to dodge paying taxes worth over EUR6bn. The case is conducted by the Prosecutors Office of the Bucharest Court of Appeal. The investigators raided Energy Holding’s headquarters in August and picked up documents,” the portal writes.

The holding was founded by a Romanian businessman, Bogdan Buzaianu, the relative of Dan Ioan Popescu, the former Minister of Industry. In 2006 Buzaianu officially sold Energy Holding to a Swiss private bank Societe Bancaire Privee (SBP).

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What’s up in indexes

BUX (of Budapest) increased 27476.40 index points Wednesday, September 28th to 27988.68 index points Thursday, September 29th. So it’s up 1.86 d/d and up 17.01 per cent from year-end.

BET (of Bucharest Stock Exchange) dropped by 0.60 per cent d/d and by 4.07 per cent from year-end. It decreased from 6946.93 index points Wednesday, September 28th to 3549.53 index points Thursday, September 29th.

PX (of Prague Stock Exchange) increased from 866.34 index point Tuesday, September 27th to 874.57 index points Thursday, September 29th. So it’s up 0.95 per cent. From year-end it dropped by 8.55 per cent.

WIG20 (of Warsaw) dropped by 0.24 per cent d/d and by 6.92 per cent from year-end. It decreased from 1734.59 index points Wednesday, September 28th to 1730.45 index points Thursday, September 29th.

OMXT (of Tallinn) increased from 998.01 index points Wednesday, September 28th to 1003.81 index points Thursday, September 29th. So it’s up 0.58 per cent d/d and up 11.66 per cent from year-end.

OMXR (of Riga) dropped by 2.12 per cent d/d – falling from 724.30 index points Wednesday, September 28th to 708.91 index points Thursday, September 29th. From year-end it’s up 19.27 per cent.

OMXV (of Vilnius) increased from 543.34 index points Wednesday, September 28th to 544.02 index points Thursday, September 29th. So it’s up 0.13 per cent d/d and up 11.94 per cent from year-end.

SAX (od Bratislava) increased from 312.63 index points Wednesday, September 28th to 316.47 index points Thursday, September 29th. So it’s up 1.23 per cent d/d and up 8.25 per cent from year-end.

SOFIX (of Sofia) was up 0.05 per cent d/d and up 10.69 per cent from year-end. It increased from 509.92 index points Wednesday, September 28th to 510.16 index points Thursday , September 29th.

UX (of Kyiv) dropped by 0.22 per cent – falling from 833.12 index points Wednesday, September 28th to 831.30 index points Thursday, September 29th. From year-end it’s up 21.21 per cent.

CROBEX (of Zagreb) dropped by 0.07 per cent – falling from 1940.03 index points Wednesday, September 28th to 1938.72 index points Thursday, September 29th. From year-end it’s up 14.74 per cent.

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