Work permits for foreign workers in Poland hits record high

(Envato)

Romania passes fiscal amnesty bill

Net profits of Ukrainian banks increased

Poland

From January till April 2019 Poland issued over 100,000 work permits to foreign citizens, up 46 per cent y/y, labor ministry informed. Furthermore, over 570,000 declarations about an intention to employ a foreigner were registered with the ministry in the first four months of this year, up 23 percent y/y.

“These data indicate that in 2019 we may expect a record number of foreigners working in Poland,” Paweł Kaczmarczyk, director of the Centre of Migration Research at the University of Warsaw, said.

In 2018 Poland issued over 300,000 work permits to foreign citizens, with over 70 per cent going to Ukrainians, the largest non-EU group working in the country.

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Romania

Romania’s government passed the fiscal amnesty bill, Romania Insider website informed. According to the bill two alternative payment scheduling mechanisms are proposed: a separate one for large and another for small debtors.

Small debtors, with overdue payments to the state of up to RON1m (EUR210,000) will be waived the interest and penalties accumulated. Meanwhile, large debtors will be able to restructure their debt to the state with possible 50 per cent reduction of the total amount.

The debts subject to the bill are worth RON36.7bn (EUR7.7bn), out of which RON25.7bn (EUR5.4bn) are owed by private companies.

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Ukraine

The net profit of Ukrainian banks, not taking into account insolvent ones, in H1’19 totaled UAH31bn (EUR1.1bn), which is 3.7 times more y/y, the National Bank of Ukraine (NBU) informed.

The NBU wrote on its Facebook page that there are three factors for the growth of the banking sector profits: growth of net interest income of banks by 20 per cent, growth of net commission income of banks by 17 per cent and foreign exchange revaluation profit.

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What’s up in indexes

BET (of Bucharest) decreased from 9069.93 index points Wednesday, July 31st to 9142.63 index points Thursday, August 1st. It’s down 0.56 per cent d/d and up 14.1 per cent y/y.

BUX (of Budapest) decreased from 40768.00 index points Wednesday, July 31st to 40474.00 index points Thursday, August 1st. It’s down 0.72 per cent d/d and up 11.8 per cent y/y.

OMXR (of Riga) increased from 1038.95 index points Wednesday, July 31st to 1042.61 index points Thursday, August 1st. It’s up 0.35 per cent d/d and up 1.89 per cent y/y.

OMXT (of Tallinn) increased from 1267.59 index points Wednesday, July 31st to 1272.10 index points Thursday, August 1st. It’s up 0.36 per cent d/d and up 1.22 per cent y/y.

OMXV (of Vilnius) decreased from 694.67 index points Wednesday, July 31st to 694.43 index points Thursday, August 1st. It’s down 0.03 per cent d/d and down 2.95 per cent y/y.

PX (of Prague) decreased from 1056.69 index points Wednesday, July 31st to 1047.08 index points Thursday, August 1st. It’s down 0.91 per cent d/d and down 3.89 per cent y/y.

RTS (of Moscow) decreased from 1360.04 index points Wednesday, July 31st to 1346.40 index points Thursday, August 1st. It’s down 1.00 per cent d/d and up 16.1 per cent y/y.

SAX (of Bratislava) increased from 344.01 index points Wednesday, July 31st to 344.80 index points Thursday, August 1st. It’s up 0.23 per cent d/d and up 5.81 per cent y/y.

SOFIX (of Sofia) increased from 580.60 index points Wednesday, July 31st to 581.40 index points Thursday, August 1st. It’s up 0.12 per cent d/d and down 8.39 per cent y/y.

UX (of Kyiv) closed at 1601.91 index points Thursday, August 1st. It’s the same result as Wednesday’s. It’s 0 per cent change d/d and down 1.60 per cent y/y.

WIG20 (of Warsaw) increased from 2277.37 index points Wednesday, July 31st to 2240.78 index points Thursday, August 1st. It’s down 1.61 per cent d/d and down 3.23 per cent y/y.

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