Ukraine manages without Russian gas for 1,000 days

(JanChr, CC BY-SA)
(JanChr, CC BY-SA)

Poland’s Fin Min: the lowest budget deficit since 2009

Latvia encourages business to employ people aged 50 and over

Ukraine

It’s been 1,000 days since Ukraine stopped importing natural gas from Russia – the Interfax reported. Before November 26th, 2015, Naftogaz imported gas from Gazprom. Today the country buys it exclusively from the West. The Interfax reminds that Ukraine refused to cooperate with Gazprom by the end of 2015 because of the inconsistent prices.

In late 2017 the Arbitration Institute of the Stockholm Chamber of Commerce decided that the price for Naftogaz “shall be equal to the price of gas in the hub in Germany”. Then, on March 2018, Gazprom refused to resume gas supplies to Ukraine, “having returned USD127.6m paid by Ukrainian company in advance”.

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Poland

Poland’s 2019 deficit will be EUR6.6bn (PLN28.5bn), according to the draft of 2019 budget. The target for the general government deficit is 1.8 per cent of GDP. It’s the lowest deficit since 2009 – the Polish Radio informs citing Finance Minister, Teresa Czerwińska. Ms. Czerwińska pointed out that the government was working “to steadily reduce the deficit, taking advantage of positive economic trends”. According the draft budget, Poland should grow “a healthy 3.8 per cent” in 2019 with inflation rate of 2.3 per cent.

In Q2’18 the pace of growth was 5.1. per cent as the data form Statistics Poland (GUS) shows.

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Latvia

“People aged 50 and more have a great potential. Senior employees have major work experience, they are responsible and motivated to work,” Evita Simsone, the head of Latvian State Employment Agency, told the Baltic Course. The portal informs that 40.3 per cent of Latvia’s unemployed are 50 years old or more. It is about 24,000 people. In that group, 14 per cent have higher education, 47 per cent have vocational education and 39 per cent secondary or primary education. The portal points out that 33.7 per cent of all Latvian employees are aged 50 or more. The state tries to provide companies with incentives to hire people older than 50.

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What’s up in indexes

BET (of Bucharest) increased from 8,189.52 index points Wednesday, August 22nd to 8,207.23 index points Thursday, August 23rd. It’s up 0.22 per cent d/d and down 1.73 per cent y/y.

BUX (of Budapest) decreased from 36,365.90 index points Wednesday, August 22nd to 36,186.31 index points Thursday, August 23rd. It’s down 0.49 per cent d/d and down 4.15 per cent y/y.

CROBEX (of Zagreb) decreased from 1,831.05 index points Tuesday, August 21th to 1,826.29 index points Wednesday, August 22nd. It’s down 0.26 per cent d/d and down 1.58 per cent y/y.

OMXR (of Riga) decreased from 1,000.51 index points Wednesday, August 22nd to 995.09 index points Thursday, August 23rd. It’s down 0.54 per cent d/d and down 2.81 per cent y/y.

OMXT (of Tallinn) increased from 1,224.70 index points Wednesday, August 22nd to 1,225.50 index points Thursday, August 23rd. It’s up 0.07 per cent d/d and down 3.39 per cent y/y.

OMXV (of Vilnius) decreased from 708.75 index points Wednesday, August 22nd to 707.09 index points Thursday, August 23rd. It’s down 0.23 per cent d/d and up 8.49 per cent y/y.

PX (of Prague) increased from 1,073.00 index points Wednesday, August 22nd to 1,079.91 index points Thursday, August 23rd. It’s up 0.64 per cent d/d and up 4.71 per cent y/y.

SAX (of Bratislava) closed at 349.48 index points Thursday, August 23rd. It’s the same result as Wednesday’s. It’s 0 per cent change d/d and up 3.84 per cent y/y.

SOFIX (of Sofia) increased from 629.47 index points Wednesday, August 22nd to 634.33 index points Thursday, August 23rd. It’s up 0.77 per cent d/d and down 12.27 per cent y/y.

UX (of Kyiv) increased from 1,628.61 index points Wednesday, August 22nd to 1,632.18 index points Thursday, August 23rd. It’s up 0.22 per cent d/d and up 44.45 per cent y/y.

WIG20 (of Warsaw) increased from 2,295.63 index points Wednesday, August 22nd to 2,322.86 index points Thursday, August 23rd. It’s up 1.19 per cent d/d and down 2.85 per cent y/y.

 

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