Women take over the most important EU positions

Ursula von der Leyen (Dirk Vorderstraße, CC BY 3.0)

Nordica airlines with EUR5m loss in 2018

Bulgaria with highest NEET rate among CSE countries

European Union

After days of difficult negotiations EU leaders agreed on the nominations for the top jobs, with a woman for the first time proposed as European Commission chief — German Defense Minister Ursula von der Leyen. She will replace Jean-Claude Juncker. IMF chief Christine Lagarde has been nominated as the first woman to head the European Central Bank (ECB).

Polish Prime Minister Mateusz Morawiecki told reporters that “We showed that we need candidates who have the potential to unite Europe, who do not antagonize Europe who do not offend member states.” 

Belgian Prime Minister Charles Michel is nominated to replace European Council President Donald Tusk while Spain’s Josep Borrell is proposed as foreign policy chief.

Most of these roles must be ratified by the European Parliament.

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Estonia

In 2018, Estonia’s largest airline, Nordica had a consolidated net loss of EUR5,4m, the company informed. However, the reported revenues increased by 30 per cent y/y, to a total of EUR107.7m.

Nordica and Polish state-owned airline PLL LOT have signed a renewed cooperation agreement under which LOT will take over the management of ticket sales and customer service for Nordica, while Nordica will focus solely on operating flights.

As a result of the reorganization, five unprofitable routes will be suspended from the end of October 2019.

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Bulgaria

In 2018, about 20.9 per cent of young people in Bulgaria aged 20 to 34 were neither in employment nor in education and training (NEET), Eurostat said. This was the third highest percentage in the EU, after Italy and Greece and the highest in the Central and Southeast Europe.

The NEET rate in Hungary reached 17 per cent and was higher than in the Czech Republic (15 per cent) and Poland (16.4 per cent), but less than in Slovakia (20.6 per cent) and Romania (20 per cent). The EU average NEET rate was 16.5 per cent, Eurostat informed.

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What’s up in indexes

BET (of Bucharest) increased from 8780.33 index points Monday, July 1st to 8811.26 index points Tuesday, July 2nd. It’s up 0.17 per cent d/d and up 9.86 per cent y/y.

BUX (of Budapest) increased from 40618.00 index points Monday, July 1st to 40767.00 index points Tuesday, July 2nd. It’s up 0.37 per cent d/d and up 13.7 per cent y/y.

OMXR (of Riga) decreased from 1020.98 index points Monday, July 1st to 1006.36 index points Tuesday, July 2nd. It’s down 1.43 per cent d/d and down 3.04 per cent y/y.

OMXT (of Tallinn) increased from 1255.81 index points Monday, July 1st to 1256.11 index points Tuesday, July 2nd. It’s up 0.02 per cent d/d and down 0.27 per cent y/y.

OMXV (of Vilnius) increased from 667.62 index points Monday, July 1st to 669.39 index points Tuesday, July 2nd. It’s up 0.27 per cent d/d and down 5.78 per cent y/y.

PX (of Prague) increased from 1039.84 index points Monday, July 1st to 1040.72 index points Tuesday, July 2nd. It’s up 0.08 per cent d/d and down 2.78 per cent y/y.

RTS (of Moscow) decreased from 1401.64 index points Monday, July 1st to 1398.26 index points Tuesday, July 2nd. It’s down 0.24 per cent d/d and up 21.4 per cent y/y.

SAX (of Bratislava) increased from 337.84 index points Monday, July 1st to 339.74 index points Tuesday, July 2nd. It’s up 0.56 per cent d/d and up 4.19 per cent y/y.

SOFIX (of Sofia) increased from 582.70 index points Monday, July 1st to 581.70 index points Tuesday, July 2nd. It’ up 0.56 per cent d/d and down 7.20 per cent y/y.

UX (of Kyiv) decreased from 1631.32 index points Monday, July 1st to 1601.35 index points Tuesday, July 2nd. It’ down 1.84 per cent d/d and 0.00 per cent y/y.

WIG20 (of Warsaw) increased from 2329.74 index points Monday, July 1st to 2341.09 index points Tuesday, July 2nd. It’s up 0.49 per cent d/d and up 10.5 per cent y/y.

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