Bulgaria’s properties need renovation
Estonia: more families opt for 3rd child
The Eurostat released data on unemployment in the European Union in April 2018. According to the figures, Poland with its 3.8 per cent jobless rate has the fifth lowest unemployment rate in the block of 28 countries. Also, the lowest jobless rate was observed in the country from Central Eastern Europe – it was the Czech Republic with the rate 2.2 per cent. The Czech Republic was followed by Malta (3.0 per cent) and Germany (3.4 per cent).
The highest unemployment was observed in Greece (20.9 per cent). The Eurostat informed that the EU average was 7.1 per cent (down from 7.2 per cent in March 20180.
42,000 buildings in Bulgaria need renovation – Novinite.com informs. According to the Ministry of Regional Development of Bulgaria, a special housing renovation program should be implemented. As it would be extremely expensive, the cabinet seeks for new ways to fund it. One of the ideas is to develop a model in which the state and citizens or third parties would co-finance such projects.
The portal quotes Malina Kroumova, Deputy Minister of Regional Development: ”42,000 buildings need renovation. The resources needed for this are extremely huge. That is why we need to look for a more sustainable model. Therefore, the introduction of co-financing, prioritization, differentiated approach is considered. We are considering different options. A unified model does not do enough work. About 40 per cent of people is willing to provide part-financing. This should be used”.
As reported, the new financing model of housing renovation should be ready by the end of 2018.
The Baltic Course informs that the number of two-child families expecting the third child increases in Estonia. According to Statistics Estonia, the proportion of babies born into a family as third child has been rising over the last decade, but the trend was observed particularly in the last two years.
Compared with the period from two to four years ago, over 300 babies or one-tenth more were born into families as third children last year alone – the portal informs.
The Baltic Course quotes Alis Tammur, senior analyst at Statistics Estonia, who explains the phenomenon, said the increase could not be attributed to a single reason and “it rather has taken place as a result of several factors, including families’ improved feeling of security about their own welfare”.
The child allowance for families with three or more children “more than doubled” from July 1st, 2017 – and is now EUR500.
What’s up in indexes
BET (of Bucharest) increased from 8,043.24 index points Wednesday, May 30th to 8,070.17 index points Thursday, May 31st. It’s up 0.69 per cent d/d and down 7.97 per cent y/y.
BUX (of Budapest) increased from 34,837.13 index points Wednesday, May 30th to 35,356.83 index points Thursday, May 31st. It’s up 1.49 per cent d/d and up 2.33 per cent y/y.
Thursday, May 31st was a non-trading day at Zagreb Stock Exchange. CROBEX (of Zagreb) closed at 1,854.02 index points Wednesday, May 30th.
OMXR (of Riga) decreased from 1,058.62 index points Wednesday, May 30th to 1,058.17 index points Thursday, May 31st. It’s down 0.04 per cent d/d and up 24.28 per cent y/y.
OMXT (of Tallinn) decreased from 1,245.13 index points Wednesday, May 30th to 1,233.04 index points Thursday, May 31st. It’s down 0.97 per cent d/d and up 10.43 per cent y/y.
OMXV (of Vilnius) decreased from 712.27 index points Wednesday, May 30th to 711.12 index points Thursday, May 31st. It’s down 0.16 per cent d/d and up 20.10 per cent y/y.
PX (of Prague) decreased from 1,079.66 index points Wednesday, May 30th to 1,076.10 index points Thursday, May 31st. It’s down 0.33 per cent d/d and up 7.35 per cent y/y.
SAX (of Bratislava) decreased from 330.65 index points Wednesday, May 30th to 330.54 index points Thursday, May 31st. It’s down 0.03 per cent d/d and up 8.68 per cent y/y.
SOFIX (of Sofia) increased from 634.25 index points Wednesday, May 30th to 636.55 index points Thursday, May 31st. It’s up 0.36 per cent d/d and down 3.73 per cent y/y.
UX (of Kyiv) increased from 1,687.37 index points Wednesday, May 30th to 1,688.90 index points Thursday, May 31st. It’s up 0.09 per cent d/d and up 68.15 per cent y/y.
Thursday, May 31st was a non-trading day at Warsaw Stock Exchange.WIG20 (of Warsaw) closed at 2,157.07 index points Wednesday, May 30th.