Ukraine: moratorium on farmland sale extended until 2020

Ivano-Frankivsk Oblast, Ukraine (Brian Woychuk, CC BY-NC-ND)

Bulgarians with the record spending on Christmas

The number of insolvencies in Poland increased

Ukraine

Ukraine’s parliament has approved a bill extending the moratorium on the sale of agricultural land until January 1st, 2020 – the Interfax informs. According to the document, the government is obliged to prepare a draft law on farmland acquisition by March 1st, 2019 and to submit it to the parliament for consideration.

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Bulgaria

Novinite.com reports, after the National Revenue Agency, that Bulgarians will spend more than BGN2bn (EUR1,02bn) for the Christmas Holidays. It’s the record spending. The amount includes money people will spend on gifts, trips and the holiday food.

Experts explain that on average, in the busiest days, Bulgarians will take out of their pockets BGN250m (EUR127m) per day. Every third Bulgarian will spend on Christmas about BGN200 and 7 per cent of them can spend up to BGN50.

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Poland

In the period January-November 2018, 10 per cent more than in the same period of 2017 companies declared bankruptcy. According to the data from the trade credit insurer Euler Hermes, the number was 905. In November alone, 81 insolvencies were reported.

As the Polish Radio reminds, the insolvencies “chiefly stem from the companies’ inability to pay their suppliers and from restructuring procedures, according to reports”.

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What’s up in indexes

BET (of Bucharest) increased from 7,332.71 index points Thursday, December 20th to 7,062.27 index points Friday, December 21st. It’s up 1.42 per cent d/d and down 8.52 per cent y/y.

BUX (of Budapest) decreased from 39,592.68 index points Thursday, December 20th to 39,578.63 index points Friday, December 21st. It’s down 0.04 per cent d/d and up 1.12 per cent y/y.

CROBEX (of Zagreb) decreased from 1,729.87 index points Thursday, December 20th to 1,727.53 index points Friday, December 21st. It’s down 0.14 per cent d/d and down 3.53 per cent y/y.

OMXR (of Riga) decreased from 957.53 index points Thursday, December 20th to 937.52 index points Friday, December 21st. It’s down 2.09 per cent d/d and down 5.59 per cent y/y.

OMXT (of Tallinn) decreased from 1,164.34 index points Thursday, December 20th to 1,162.63 index points Friday, December 21st. It’s down 0.15 per cent d/d and down 4.75 per cent y/y.

OMXV (of Vilnius) decreased from 616.77 index points Thursday, December 20th to 613.33 index points Friday, December 21st. It’s down 0.56 per cent d/d and down 5.45 per cent y/y.

PX (of Prague) decreased from 992.92 index points Thursday, December 20th to 983.35 index points Friday, December 21st. It’s down 0.96 per cent d/d down 8.75 per cent y/y.

SAX (of Bratislava) decreased from 334.08 index points Wednesday, December 19th to 332.37 index points Friday, December 21st. It’s down 0.51 per cent d/d and up 2.24 per cent y/y.

SOFIX (of Sofia) increased from 588.81 index points Thursday, December 20th to 594.85 index points Friday, December 21st. It’s up 1.03 per cent d/d and down 10.65 per cent y/y.

UX (of Kyiv) closed at 1,705.04 index points Friday, December 21st. It’s 0 per cent change d/d. It’s up 28.96 per cent y/y.

WIG20 (of Warsaw) decreased from 2,306.68 index points Thursday, December 20th to 2,259.77 index points Friday, December 21st. It’s down 2.03 per cent d/d and down 8.27 per cent y/y.

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