Ukraine will not raise the retirement age

Lvov, Ukraine (Julien Brun, CC BY-NC)

Latvia: the number of births down

Moldova, Belarus with eight bilateral agreements

Ukraine

The International Monetary Fund (IMF) would like to see deeper reforms of Ukraine’s pension system – including the retirement age, Ukraine’s government opposes. It claims there are no arguments to increase it and that the changes will be made only if the average life expectancy of Ukrainians improves. In the meantime, in the following 10-15 years, public policies should be aimed at creating “normal living conditions for people”, delivering medical care, preventing accidents and premature deaths.

The agency quotes Mr. Pavlo Rozenko, Ukraine’s Deputy Prime Minister: „Three years ago, at the first negotiations with the IMF, I categorically objected to any possibility of raising the retirement age in Ukraine. This question cannot be considered until the life expectancy of Ukrainians is substantially increased in Ukraine. If the life expectancy of men in Ukraine is now 63-65 years, what kind of an increase in the retirement age for men we can talk about?”

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Latvia

The number of births in Latvia drops. Leta agency informs that in Q1’18 only 4,612 babies were born, less by 6.8 per cent y/y. The number of all live births in 2017 was a thousand smaller than in 2016.

Latvia’s Central Statistical Bureau informed that the number of newborns has continued declining since 2016. At the same time the number of deaths remained stable. 8,004 deaths were registered (down 0.3 per cent y/y) in Q1’18.

Latvia’s population is 1.925 million and that natural growth is negative: the number of deaths is higher than the number of births. In the period mentioned, the country’s population declined by 3,392 people.

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Moldova

Moldova and Belarus will strengthen their business relations. The portal Ipn.md informs that both countries signed eight bilateral agreements of cooperation. The President of Belarus Alexandr Lukashenko and the Prime Minister of Moldova Pavel Filip declared their countries will cooperate in the energy efficiency sector, agriculture, infrastructure etc.

Moldova will purchase buses from Belarus (a separate contract has been signed) and Belarus will invest in “resistant roads” in Moldova. The projects in agriculture are planned – for e.g. a milk production complex will be built in Maximovca village (Aneni Noi district). The idea of operating flights between Chisinau and Minsk is being considered.

Ipn.md points out that trade between those two countries in 2017 totaled USD225m (up 10 per cent y/y). 90 companies with Belarusian capital operates in Moldova.

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What’s up in indexes

BET (of Bucharest) increased from 8,933.46 index points Wednesday, April 18th to 8,952.47 index points Thursday, April 19th. It’s up 0.15 per cent d/d and up 9.23 per cent y/y.

BUX (of Budapest) decreased from 38,766.49 index points Wednesday, April 18th to 38,663.10 index points Thursday, April 19th. It’s down 0.27 per cent d/d and up 18.28 per cent y/y.

CROBEX (of Zagreb) increased from 1,788.46 index points Wednesday, April 18th to 1,793.83 index points Thursday, April 19th. It’s up 0.30 per cent d/d and down 5.46 per cent y/y.

OMXR (of Riga) decreased from 1,054.36 index points Wednesday, April 18th to 1,051.70 index points Thursday, April 19th. It’s down 0.25 per cent d/d and up 31.26 per cent y/y.

OMXT (of Tallinn) decreased from 1,261.39 index points Wednesday, April 18th to 1,256.48 index points Thursday, April 19th. It’s down 0.39 per cent d/d and up 12.65 per cent y/y.

OMXV (of Vilnius) increased from 702.59 index points Wednesday, April 18th to 706.05 index points Thursday, April 19th. It’s up 0.49 per cent d/d and up 22.68 per cent y/y.

PX (of Prague) decreased from 1,128.98 index points Wednesday, April 18th to 1,128.10 index points Thursday, April 19th. It’s down 0.08 per cent d/d and up 16.59 per cent y/y.

SAX (of Bratislava) decreased from 337.48 index points Wednesday, April 18th to 337.04 index points Thursday, April 19th. It’s down 0.13 per cent d/d and up 10.56 per cent y/y.

SOFIX (of Sofia) increased from 660.45 index points Wednesday, April 18th to 662.79 index points Thursday, April 19th. It’s up 0.35 per cent d/d and up 4.18 per cent y/y.

UX (of Kyiv) increased from 1,808.68 index points Wednesday, April 18th to 1,817.20 index points Thursday, April 19th. It’s up 0.47 per cent d/d and up 73.65 per cent y/y.

WIG20 (of Warsaw) increased from 2,315.50 index points Wednesday, April 18th to 2,324.73 index points Thursday, April 19th. It’s up 0.40 per cent d/d and up 2.20 per cent y/y.

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