Three Seas Initiative with the financial component

Countries of the Three Seas Initiative (JayCoop, CC BY-SA)

Czech Republic with a lot of job vacancies

Bulgaria’s PM Borisov: we have the best conditions for Doing Business

Romania

The third summit of Three Seas Initiative took place in Bucharest. During his speech at the summit, Poland’s President Andrzej Duda underlined that heads of the biggest financial institutions came to Bucharest (including the World Bank and the European Investment Bank), thus “this way, to the regional, European and transatlantic, we’re adding a financial component”.

The Three Seas Initiative brings together 12 Central and Southeast EU countries from the Baltic Sea across the Adriatic Sea to the Black Sea. It was launched in 2015 by Croatia and Poland. Estonia, Latvia, Lithuania, Poland, Slovakia, the Czech Republic, Hungary, Austria, Slovenia, Croatia, Romania and Bulgaria agreed to cooperate closely in the fields of energy and infrastructure. One of its key projects is the establishment of 2 LNG Terminals — in Świnoujście in Poland and on the Krk island in Croatia.

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Czech Republic

According to the data from the Eurostat, the Czech Republic has the highest number of job vacancies in the European Union (EU).

As the Radio Praha reports, the ratio of job vacancies in the country is 5.4 per cent (in 2017 it was 3.6 per cent). The other countries with the highest ratio are: Belgium (3.5 per cent), the Netherlands (3.1 per cent) and Germany (2.9 per cent). The EU average is 2.2 per cent.

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Bulgaria

Bulgaria’s Prime Minister Boyko Borisov said that his country has a huge fiscal reserve that guarantees the stable exchange rate of the BGN. As Novite.com reports according to Mr. Borisov, Bulgaria has some of the best conditions for doing business in Europe. “Financial stability is something that is usually appreciated in time, and there are temptations of populists to spend money in every country,” he said and stressed that Bulgaria has a diminishing foreign debt and a growing gross domestic product.

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What’s up in indexes

BET (of Bucharest) increased from 8,158.51 index points Friday, September 14th to 8,182.67 index points Monday, September 17th. It’s up 0.30 per cent d/d and up 2.33 per cent y/y.

BUX (of Budapest) decreased from 36,269.17 index points Friday, September 14th to 35,820.00 index points Monday, September 17th. It’s down 1.24 per cent d/d and down 6.69 per cent y/y.

CROBEX (of Zagreb) decreased from 1,793.99 index points Friday, September 14th to 1,792.47 index points Monday, September 17th. It’s down 0.08 per cent d/d and up 0.81 per cent y/y.

OMXR (of Riga) increased from 964.55 index points Friday, September 14th to 965.52 index points Monday, September 17th. It’s up 0.10 per cent d/d and down 3.36 per cent y/y.

OMXT (of Tallinn) decreased from 1,213.92 index points Friday, September 14th to 1,211.70 index points Monday, September 17th. It’s down 0.18 per cent d/d and down 2.50 per cent y/y.

OMXV (of Vilnius) decreased from to 691.56 index points Friday, September 14th to 687.60 index points Monday, September 17th. It’s down 0.57 per cent d/d and up 6.93 per cent y/y.

PX (of Prague) decreased from 1,095.46 index points Friday, September 14th to 1,092.08 index points Monday, September 17th. It’s down 0.31 per cent d/d and up 4.10 per cent y/y.

SAX (of Bratislava) decreased from 333.22 index points Friday, September 14th to 332.74 index points Monday, September 17th. It’s down 0.14 per cent d/d and up 1.03 per cent y/y.

SOFIX (of Sofia) decreased from 629.37 index points Friday, September 14th to 627.84 index points Monday, September 17th. It’s down 0.24 per cent d/d and down 6.20 per cent y/y.

UX (of Kyiv) closed at 1,643.47 index points Monday, September 17th. It’s the same result as Friday’s. It’s up 45.91 per cent y/y.

WIG20 (of Warsaw) decreased from 2,232.07 index points Friday, September 14th to 2,210.99 index points Monday, September 17th. It’s down 0.94 per cent d/d and down 11.62 per cent y/y.

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