The Social Democratic Party won the parliamentary elections in Romania

Liviu Dragnea (PSD, CC BY)

Latvia: the unemployment rate at 8 per cent in November

KÉSZ to start building airportʼs Pier B in January

Swizterland freezes the assets of former Ukrainian officials for another year

Romania

The Social Democratic Party, PSD, got 46 per cent of the votes, according to official results after the counting of 98 per cent of the ballots. The second result belongs to the centre-right Liberals – 20 per cent of votes.

Liviu Dragnea, the leader of PSD, after exit polls said: “There should be no doubt who won the elections. Romanians want to feel at home in their own country and I want Romania to be a good home for all Romanians.”

Dragnea got a two-year suspended prison sentence in April this year for election fraud in a July 2012 referendum to impeach the then president, Traian Basescu. Before elections Romania’s President Klaus Iohannis said he wouldn’t nominate as the PM a person with legal problems. But PSD and its ally, Liberal Democratic Alliance (ALDE), have around 52 per cent of votes and will be the majority in the Parliament. Dragnea told Romania TV that he had not ruled himself out as a future leader.

PSD promised a hike in the minimum wage, lowering income taxes, as well as public administration fees. Romania has the highest GDP growth rate in Europe. According to IMF this year it will be 5 per cent.

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Latvia

The registered unemployment rate in Latvia in November 2016 was 8 per cent. It’s up 0.1 per cent m/m. According to the State Employment Agency there were 75,348 unemployed registered at the end of November. The lowest rate was observed in Riga region (5.1 per cent), while the highest – in the eastern Latvian province of Latgale (17.6 per cent).

The Baltic Course reports that “among Latvia’s largest cities, unemployment stood at 4.8 per cent in Riga, 5.5 per cent in Valmiera, 5.7 per cent in Jelgava, 6.2 per cent in Jurmala, 6.6 per cent in Ventspils, 9.2 per cent in Jekabpils, 11.1 per cent in Daugavpils, 10.8 per cent in Liepaja and 15.3 per cent in Rezekne”.

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Hungary

KÉSZ Építő Zrt., the construction company, will build some 10,000 square-meter passenger Pier B at the Ferenc Liszt International Airport. The Budapest Business Journal reports the investment will reach HUF6bn (EUR19.2m).

The construction of the new addition to the airport is scheduled to start in January 2016. It will be financed by Budapest Airport. “The marquee-like structures of the temporary basic boarding gates (BBGs) will be disassembled, as the first phase in the development. The new pier complex will add 27 new gates and ten passenger bridges to the airport,” BBJ wrote.

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Ukraine

The assets of ousted presidents of Tunisia, Egypt and Ukraine (Viktor Yanukovych), as well as of politically exposed members of their entourages, will be frozen one more year. The Interfax reports the Federal Council of Switzerland has decided to extend the freezing of all their assets on Friday, December 9th.

The agency quotes the press release of the Federal Court of Switzerland: “The aim of this decision is to give more time for the criminal investigations that are under way and to support judicial cooperation with the countries concerned. It also takes into account the political changes taking place in these countries”.

The initial freeze was ordered in 2014 and the frozen assets are estimated at approximately CHF70m.

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What’s up in indexes

BUX (of Budapest) dropped by 0.13 per cent – falling from 30629.48 index points Thursday, December 8th to 30588.38 index points Friday, December 9th. From year-end it’s up 27.87 per cent.

BET (of Bucharest Stock Exchange) increased from 6861.40 index points Thursday, December 8th to 6894.98 index points Friday, December 9th. So it’s up 0.49 per cent d/d. From year-end it dropped by 1.53 per cent.

PX (of Prague) was up 0.13 per cent – increasing from 899.57 index points Thursday, December 8th to 900.71 index points Friday, December 9th. From year-end it dropped by 5.82 from year-end.

WIG20 (of Warsaw) dropped by 1.11 per cent – falling from 1921.08 index points Thursday, December 8th to 1899.76 index points Friday, December 9th. From year-end it’s up 2.18 per cent.

OMXT (of Tallinn) was up 0.13 per cent d/d and up 16.81 per cent from year-end. It increased from 1048.75 index points Thursday, December 8th to 1050.08 index points Friday, December 9th.

OMXR (of Riga) dropped by 0.12 per cent d/d – falling from 741.84 index points Thursday, December 8th to 740.97 index points Friday, December 9th. From year-end it’s up 24.67 per cent.

OMXV (of Vilnius) decreased from 561.75 index points Thursday, December 8th to 559.97 index points Friday, December 9th. So it dropped by 0.32 per cent d/d. From year-end it’s up 15.22 per cent.

The bourse of Bratislava was closed Friday, December 9th. Thursday, December 9th it closed at 303.12 index points. From year-end it’s up 3.68 per cent.

SOFIX (of Sofia) increased from 579.97 index points Thursday, December 8th to 581.48 index points Friday, December 9th. So it’s up 0.26 per cent d/d and by 26.16 per cent from year-end.

UX (of Kyiv) dropped by 1.00 per cent – falling from 801.21 index points Thursday, December 8th to 793.17 index points Friday, December 9th. From year-end it’s up 15.65 per cent.

CROBEX (of Zagreb) dropped by 0.29 per cent – falling from 1988.67 index points Thursday, December 8th to 1982.98 index points Friday, December 9th. From year-end it’s up 17.36 per cent.

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