Ukraine’s exports to Poland up 30.5 per cent y/y

(Groder, CC)

Slovenian FM to continue with fiscal consolidation

IMF mission to visit Serbia on September 20th

Poland and Ukraine

Ukrainian exports to Poland increase. The Polish Radio informs that in the H1’18 the country’s exports to Poland grew by 30.5 per cent y/y. As reported, Ukraine sold Poland goods worth USD1.7bn. 15 per cent of goods exported were ferrous metals and 12.5 per cent were electric machines.

Overall, the trade between the two countries in 2017 reached USD6bn. “Polish exports to Ukraine were USD700m more than Ukraine’s exports to Poland,” writes the Polish Radio.

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Slovenia

Andrej Bertoncelj — the future Slovenian Minister of Finance disclosed his priorities. Continuing with fiscal consolidation and a comprehensive, budget-neutral tax restructuring were among the main goals. Mr. Bertoncelj explained that “Slovenia must remain an economically successful country and a welfare state”. He informed the new cabinet needed to create a stable financial system and announced that it had to overhaul the state asset management strategy.

He also added that under his leadership the Ministry of Finance would “act towards ensuring stable fiscal environment, a well-functioning system and a stable and predictable business environment”.

The new Slovenian cabinet is to be sworn in this week. The Prime Minister will be Marjan Šarec.

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Serbia

Serbia expects an International Monetary Fund (IMF) mission, headed by James Roaf, on September 20th. The SEE News Corporate Wire informs that the government will discuss with the IMF representatives the country’s progress on the new economic reform program and plans for next year. In February 2018 Serbia exited a EUR1.14bn three-year stand-by program with the IMF and “overperformed many of its macroeconomic goals”.

Now the government wants to continue its cooperation with the IMF but at the same time plans to increase pensions and to abolish the law on the temporary reduction of pensions. The IMF has to agree with it if the next economic reform program with Serbia is to be pursued.

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What’s up in indexes

BET (of Bucharest) decreased from 8,330.09 index points Thursday, September 6th to 8,304.71 index points Friday, September 7th. It’s down 0.30 per cent d/d and up 4.09 per cent y/y.

BUX (of Budapest) decreased from 37,307.00 index points Thursday, September 6th to 37,189.98 index points Friday, September 7th. It’s down 0.14 per cent d/d and down 1.57 per cent y/y.

CROBEX (of Zagreb) decreased from 1,809.15 index points Thursday, September 6th to 1,806.53 index points Friday, September 7th. It’s down 0.14 per cent d/d and down 1.71 per cent y/y.

OMXR (of Riga) decreased from 957.66 index points Thursday, September 6th to 954.75 index points Friday, September 7th. It’s down 0.30 per cent d/d and down 4.16 per cent y/y.

OMXT (of Tallinn) increased from 1,224.42 index points Thursday, September 6th to 1,226.34 index points Friday, September 7th. It’s up 0.16 per cent d/d and down 3.13 per cent y/y.

OMXV (of Vilnius) decreased from 690.04 index points Thursday, September 6th to 689.79 index points Friday, September 7th. It’s down 0.04 per cent d/d and up 6.56 per cent y/y.

PX (of Prague) increased from 1,063.58 index points Thursday, September 6th to 1,070.20 index points Friday, September 7th. It’s up 0.62 per cent d/d and up 5.01 per cent y/y.

SAX (of Bratislava) decreased from 354.87 index points Thursday, September 6th to 335.84 index points Friday, September 7th. It’s down 5.36 d/d and up 0.99 per cent y/y.

SOFIX (of Sofia) decreased from 628.11 index points Wednesday, September 5th to 626.99 index points Friday, September 7th. It’s down 0.18 per cent d/d and down 11.17 per cent y/y.

UX (of Kyiv) decreased from 1,630.68 index points Thursday, September 6th to 1,625.44 index points Friday, September 7th. It’s down 0.32 per cent d/d and up 42.89 per cent y/y.

WIG20 (of Warsaw) decreased from 2,293.01 index points Thursday, September 6th to 2,257.30 index points Friday, September 7th. It’s down 1.56 per cent d/d and down 9.41 per cent y/y.

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