Ukraine – average salary should reach EUR311.31

Kiev, Ukraine (VasenkaPhotography, CC BY)

Bulgaria: energy consumption grows faster than production

Moldova will get EUR284m-EUR348m from the EU

Ukraine

Interfax agency informs that in 2018 an average salary in Ukraine should reach UAH10,000  (EUR311.11), up from current UAH7,400 (EUR230.37). The agency quotes Ukraine’s Prime Minister Volodymyr Groysman saying “I am sure that our main task for next year is to bring average salary in the country to at least UAH10,000.”

The government also wants to increase the minimum wage: from UAH3,223 to UAH3,723. Mr. Groysman has informed that it could only be possible if the economic growth accelerates. “For the next year, 2018, we project minimum wage growth by another UAH500, to UAH3,723 and this is announced in the budget,” Mr. Groysman said.

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Bulgaria

Novinite.com informs that electricity consumption grows. “The electricity consumption continues to grow at a faster pace than the production,” Novinite.com writes. The data shows that at the end of November 2017 the consumption of electricity grew by 4.2 per cent (to 36.3 million megawatt-hours per year). At the same time, the production was 41.4 million megawatts (it grew by 1.63 per cent y/y).

Most of electricity produced in Bulgaria is used domestically. In the period mentioned only 5.1 million megawatt-hours have been exported (down 13.4 per cent y/y).

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Moldova

Ipn.md informs that the European Union has recently adopted the Single Support Framework for Moldova for years 2017- 2020. The program focuses on the priorities based on the European neighbourhood policy and Moldova will get funding of EUR284-348m. “The final amount will depend on Moldova’s absorption capacity,” the Ipn.md reports.

As the Ambassador of the European Union to Moldova Peter Michalko claims, the support “will offer Moldova the possibility to achieve new results in developing the social and economic policy and in strengthening the political association and economic integration objectives.”

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What’s up in indexes

BET (of Bucharest) decreased from 7,797.51 index points Monday, December 4th to 7,734.18 index points Tuesday, December 5th. It’s down 0.62 per cent d/d and up 11.84 per cent y/y.

BUX (of Budapest) decreased 37,805.00 index points Monday, December 4th to 37,558.76 index points Tuesday, December 5th. It’s down 0.65 per cent d/d and up 24.78 per cent y/y.

CROBEX (of Zagreb) decreased from 1,867.72 index points Monday, December 4th to 1,856.19 index points Tuesday, December 5th. It’s down 0.62 per cent d/d and down 3.68 per cent y/y.

OMXR (of Riga) decreased from 1,038.60 index points Monday, December 4th to 1,034.08 index points Tuesday, December 5th. It’s down 0.44 per cent d/d and up 39.24 per cent y/y.

OMXT (of Tallinn) decreased from 1,228.33 index points Monday, December 4th to 1,226.66 index points Tuesday, December 5th. It’s down 0.14 per cent d/d and up 16.99 per cent y/y.

OMXV (of Vilnius) decreased from 661.03 index points Monday, December 4th to 660.53 index points Tuesday, December 5th. It’s down 0.07 per cent d/d and up 17.71 per cent y/y.

PX (of Prague) decreased from 1,067.35 index points Monday, December 4th to 1,060.89 index points Tuesday, December 5th. It’s down 0.61 per cent d/d and up 19.65 per cent y/y.

SAX (of Bratislava) closed at 320.54 index points Tuesday, December 5th. It’s the same result as Monday’s. It’s 0 per cent d/d and up 2.23 per cent y/y.

SOFIX (of Sofia) decreased from 669.53 index points Monday, December 4th to 668.19 index points Tuesday, December 5th. It’s down 0.20 per cent d/d and up 19.03 per cent y/y.

UX (of Kyiv) decreased from 1,281.18 index points Monday, December 4th to 1,272.93 index points Tuesday, December 5th. It’s down 0.64 per cent d/d and up 56.89 per cent y/y.

WIG20 (of Warsaw) increased from 2,404.15 index points Monday, December 4th to 2,407.72 index points Tuesday, December 5th. It’s up 0.15 per cent d/d and up 30.45 per cent y/y.

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