The World Bank: Poland’s GDP to hit 4.2 per cent in 2018

World Bank headquarters, Washington DC, USA (World Bank Photo Collection, CC BY-NC-ND)

Hungary: Viktor Orbán named his new and old ministers

FDI decreases in Kosovo

Poland

“A solid growth rate in Poland in 2018 will be fueled by private consumption and investment” – the World Bank informs in its new report. The institution published figures describing the pace of Poland’s growth: 4.2 per cent in 2018, 3.7 per cent in 2019 and 3.5 per cent in 2020.

The Polish Radio reminds that in January 2018 the World Bank upgraded Poland’s GDP forecast from 3.6 per cent to 4.0 per cent. Now it upgraded again. At the same time, the World Bank points out challenges that Poland faces, such as labour force shortages, large social spending and demographics.

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Hungary

The new cabinet of Viktor Orbán will be appointed soon. As reported, Zsolt Semjén (from KDNP) will remain the Deputy Prime Minister. János Lázár, the Minister of the Chancellery, will leave and return to local politics and will be replaced by Gergely Gulyás. Antal Rogán will remain the Cabinet Minister. The other “old members” of the government will be: Mihály Varga as the National Economy Minister, Sándor Pintér as the Minister of the Interior, László Trócsányi as the Minister of Justice and Péter Szijjártó as the Minister of Foreign Affairs and Trade. János Süli – minister without portfolio – will continue the expansion of the Paks Nuclear Power Plant. 

Among the “new faces” there are: General Tibor Benkő as the Minister of Defense, István Nagy as the Ministry of Agriculture, Miklós Kásler as the Minister of Human Resources and László Palkovics as the Minister of Innovation and Higher Education

Among the goals of the economic policy of the new Orbán’s cabinet are: eliminating unemployment, boosting fertility rate and supporting the elderly people.

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Kosovo

The net inflow of foreign direct investments (FDI) in Kosovo in February 2018 was EUR19.6m. A year ago it was EUR22.1m. It means that FDI into Kosovo dropped by 12.7 per cent y/y.

SEE News Corporate Wire informs that  the most attractive sectors are: real estate, renting and business activities and construction. The FDI came mostly from Switzerland (EUR5.1m) and Austria (EUR1.9m).

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What’s up in indexes

BET (of Bucharest) decreased from 8,953.93 index points Thursday, April 26th to 8,780.22 index points Friday, April 27th. It’s down 1.42 per cent d/d and up 7.28 per cent y/y.

BUX (of Budapest) increased from 38,265.35 index points Thursday, April 26th to 38,295.72 index points Friday, April 27th. It’s up 0.08 per cent d/d and up 16.19 per cent y/y.

CROBEX (of Zagreb) increased from 1,785.79 index points Wednesday, April 25th to 1,796.21 index points Friday, April 27th. It’s up 0.17 per cent d/d and down 3.40 per cent y/y.

OMXR (of Riga) decreased from 1,061.53 index points Thursday, April 26th to 1,039.17 index points Friday, April 27th. It’s down 2.11 per cent d/d and up 26.04 per cent y/y.

OMXT (of Tallinn) decreased from 1,261.38 index points Thursday, April 26th to 1,251.70 index points Friday, April 27th. It’s down 0.77 per cent d/d and up 11.41 per cent y/y.

OMXV (of Vilnius) increased from 700.58 index points Thursday, April 26th to 702.06 index points Friday, April 27th. It’s up 0.21 per cent d/d and up 21.42 per cent y/y.

PX (of Prague) decreased from 1,124.64 index points Thursday, April 26th to 1,124.16 index points Friday, April 27th. It’s down 0.04 per cent d/d and up 12.18 per cent y/y.

SAX (of Bratislava) closed at 330.17 index points Friday, April 27th. It’s the same result as Thursday’s. It’s 0 per cent change d/d and up 5.67 per cent y/y.

SOFIX (of Sofia) decreased from 660.38 index points Thursday, April 26th to 658.20 index points Friday, April 27th. It’s down 0.33 per cent d/d and up 1.34 per cent y/y.

UX (of Kyiv) increased from 1,791.93 index points Thursday, April 26th to 1,799.28 index points Friday, April 27th. It’s up 0.41 per cent d/d and up 77.90 per cent y/y.

WIG20 (of Warsaw) decreased from 2,283.15 index points Thursday, April 26th to 2,276.41 index points Friday, April 27th. It’s down 0.30 per cent d/d and down 4.46 per cent y/y.

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