The US National Security Advisor: sanctions to stay until Russia changes its behavior

Kyiv (Jorge Franganillo, CC BY)
Kyiv, Ukraine (Jorge Franganillo, CC BY)

21 per cent of Polish companies with Ukrainian workers

Kosovo’s trade deficit increases 18.3 per cent y/y

Russia

John Bolton, the American National Security Advisor, said during his visit to Ukraine that the sanctions against Russia were to stay. Mr Bolton, president Donald Trump’s closest associate, came to Ukraine’s capital for the Ukraine’s Independence Day to show American support. “The sanctions [against Russia] remain in force and will remain in force until the required change in Russian behavior,” Mr Bolton said during a press conference after meeting with the Ukrainian President Petro Poroshenko.

Reuters.com points out that the United States imposed sanctions against Russia in 2014 to punish the country for the annexation of Crimea and after “meddling in the 2016 U.S. presidential election”.

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Poland

The Polish Radio informs, after Dziennik Gazeta Prawna daily, that 21 per cent of Polish companies employ Ukrainian workers. At the end of 2017, the figure was 11 per cent. At the same time 17 per cent of employers said that they were “planning to take on workers from neighboring countries in the future”. 8 per cent of the companies informed they employe Belarusian workers. Over the next two years, around 1 million Ukrainians are expected to travel to Poland. They will seek for jobs there.

The research has been conducted by recruitment company Personnel Service, the Employers of Poland organisation and the State Employment Service of Ukraine.

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Kosovo

Kosovo’s trade deficit increased to 18 per cent y/y – the SEE News Corporate Wire informs. As reported, the trade gap reached EUR280.2m in July 2018. According to the country’s statistical office, exports fell by 25 per cent y/y and imports increased by 12.2 per cent in the period mentioned. Exports reached EUR28.7m, but Kosovo imported goods and services worth EUR309m.

Kosovo’s main exports destinations are Albania, Macedonia, Serbia and Switzerland. The country sends abroad base metals, food products, beverages and tobacco. It imports i.a. mineral products and machinery – mostly from Serbia, Germany and China.

Kosovo declared independence in 2018. The country would like to join the European Union (UE). In 2016, the Stabilisation and Association Agreement (SAA) between the country and EU was signed. In February 2018, the European Commission released its strategy for the accession of the Western Balkans. If Kosovo implements reforms, it could become a member of the European Union after 2025.

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What’s up in indexes

BET (of Bucharest) increased from 8,207.23 index points Thursday, August 23rd to 8,271.66 index points Friday, August 24th. It’s up 0.88 per cent d/d and down 0.92 per cent y/y.

BUX (of Budapest) increased from 36,186.31 index points Thursday, August 23rd to 36,192.13 index points Friday, August 24th. It’s up 0.02 per cent d/d and down 4.64 per cent y/y.

CROBEX (of Zagreb) increased from 1,826.29 index points Wednesday, August 22nd to 1,820.55 index points Friday, August 24th. It’s up 0.01 per cent d/d and down 1.97 per cent y/y.

OMXR (of Riga) decreased from 995.09 index points Thursday, August 23rd to 975.62 index points Friday, August 24th. It’s down 1.96 per cent d/d and down 4.99 per cent y/y.

OMXT (of Tallinn) decreased from 1,225.50 index points Thursday, August 23rd to 1,224.93 index points Friday, August 24th. It’s down 0.05 per cent d/d and down 3.88 per cent y/y.

OMXV (of Vilnius) decreased from 707.09 index points Thursday, August 23rd to 706.42 index points Friday, August 24th. It’s down 0.09 per cent d/d and up 8.09 per cent y/y.

PX (of Prague) decreased from 1,079.91 index points Thursday, August 23rd to 1,072.86 index points Friday, August 24th. It’s down 0.65 per cent d/d and up 3.74 per cent y/y.

SAX (of Bratislava) closed at 349.48 index points Friday, August 24th. It’s the same result as Thursday’s. It’s 0 per cent change d/d and up 5.94 per cent y/y.

SOFIX (of Sofia) increased from 634.33 index points Thursday, August 23rd to 636.32 index points Friday, August 24th. It’s up 0.31 per cent d/d and down 11.43 per cent y/y.

Friday, August 24th was a non-trading day at Kyiv Stock Exchange. UX (of Kyiv) closed at 1,632.18 index points Thursday, August 23rd. It’s up 44.45 per cent y/y.

WIG20 (of Warsaw) decreased from 2,322.86 index points Thursday, August 23rd to 2,312.70 index points Friday, August 24th. It’s down 0.44 per cent d/d and down 5.85 per cent y/y.

 

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