Ukraine: three mobile operators pay UAH5.5bn for 4G in 1800 MHz band

(Clive Darra, CC BY-SA)

Slovakia: average wage to exceed EUR1,000 in 2018

EC warns against overheating of Hungary’s economy, Hungary disagrees

Ukraine

The Interfax reports on the auction in a tender for the 4G licenses, the 1,800 MHz frequency spectrum. Three largest mobile operators: Kyivstar, Lifecell, and Vodafone Ukraine will pay UAH5.434bn (approx. EUR169m) for the licenses.

The auction was conducted by Oleksandr Zhyvotovsky, the Chairman of the National Commission for Communications Regulation (NCCR).

Kyivstar won the auction for the fourth lot – with a final price of UAH612m, Vodafone-Ukraine got the fifth lot – with a final offer of UAH742m and Kyivstar won the sixth lot – offering UAH900m.

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Slovakia

In 2018 an average wage is expected to increase above EUR1,000 in Slovakia – the Slovak Spectator informs. The portal writes that the reason is lack of labour force and the increase is connected with the administrative measures implemented by the government. Also, the growing economy accelerates the wage increase. According to the PwC PayWell 2017 study, the companies plan to increase base wages and salaries by an average of 3.4 per cent.

As reported, in 2017 the basic gross wage (i.e. the wage without bonuses) grew by 6.6 per cent y/y. It was the biggest increase observed in the past seven years. The average basic monthly wage amounted to EUR980. 

The portal informs that the sharpest wage increases were observed in the Nitra, and Trnava Regions (up more than 8 per cent y/y). The lowest increase was observed in the Bratislava Region (up 5.1 per cent).

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Hungary

The European Commission (EC) released its Country Report Hungary. The data shows it is likely that the country’s economy “moves above potential”. The EC points out that “labor supply may soon reach its limits, adding to the already considerable wage pressure”.

At the same time, the EC admits that the domestic demand is on a pre-crisis level and that real estate prices are still below pre-crisis level. Hungary’s recovering growth potential remains moderate as for the catching-up economy.

Among the weaknesses of the Hungarian economy, the EC lists the slow productivity growth which results from Hungarian SME’s low propensity to innovate, moderate use of digital technologies and so on. Also, the complexity of the tax system and the education system of which the outcomes in basic skills are “significantly below the EU average” pose problems.

Hungary’s government sees no signs of overheating the economy. In a report released by an investment bank Morgan Stanley one can read that Hungarian policymakers see wage increases as “essential to keep Hungarians from going abroad, and to encourage more to join the labour market”. Also, the National Bank of Hungary (MNB) sees no signs of overheating, claiming that “running the economy hot” was itself “conducive for lifting potential growth by boosting consumer confidence”. That’s why the bank will keep policy rates on hold as long as possible.

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What’s up in indexes

BET (of Bucharest) increased from 8,433.28 index points Tuesday, March 6th to 8,443.72 index points Wednesday, March 7th. It’s up 0.13 per cent d/d and up 6.81 per cent y/y.

BUX (of Budapest) increased from 38,008.47 index points Tuesday, March 6th to 38,186.20 index points Wednesday, March 7th. It’s up 0.47 per cent d/d and up 17.71 per cent y/y.

CROBEX (of Zagreb) increased from 1,846.35 index points Tuesday, March 6th to 1,851.65 index points Wednesday, March 7th. It’s up 0.29 per cent d/d and down 14.76 per cent y/y.

OMXR (of Riga) decreased from 1,041.69 index points Tuesday, March 6th to 1,023.18 index points Tuesday, March 6th. It’s up 1.78 per cent d/d and up 33.09 per cent y/y.

OMXT (of Tallinn) increased from 1,308.40 index points Tuesday, March 6th to 1,312.61 index points Tuesday, March 6th. It’s up 0.32 per cent d/d and up 17.82 per cent y/y.

OMXV (of Vilnius) increased from 681.50 index points Tuesday, March 6th to 684.00 index points Tuesday, March 6th. It’s up 0.37 per cent d/d and up 21.40 per cent y/y.

PX (of Prague) decreased from 1,120.96 index points Tuesday, March 6th to 1,112.98 index points Tuesday, March 6th. It’s down 0.71 per cent d/d and up 14.54 per cent y/y.

SAX (of Bratislava) increased from 334.01 index points Tuesday, March 6th to 334.62 index points Tuesday, March 6th. It’s up 0.18 per cent d/d and up 8.10 per cent y/y.

SOFIX (of Sofia) increased from 681.67 index points Tuesday, March 6th to 687.42 index points Tuesday, March 6th. It’s up 0.84 per cent d/d and up 10.52 per cent y/y.

UX (of Kyiv) decreased from 1,621.50 index points Tuesday, March 6th to 1,611.53 index points Tuesday, March 6th. It’s down 0.61 per cent d/d and up 70.17 per cent y/y.

WIG20 (of Warsaw) increased from 2,339.51 index points Tuesday, March 6th to 2,359.57 index points Tuesday, March 6th. It’s up 0.86 per cent d/d and up 7.21 per cent y/y.

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