World Economic Forum in Davos opens on global pessimism

(World Economic Forum, CC BY-NC-SA)

Romania hopes to become a regular OECD member

Latvian airBaltic with record number of passengers in 2018

Switzerland

World Economic Forum (WEF) starts today. The major topics in Davos, Switzerland, are globalization, climate change, populism and Brexit. WEF’s founder, Klaus Schwab, said that “Globalization produces winners and losers and there are many more winners in the last 24, 25, 30 years — but now we have to look after the losers, those who have been left behind.”

Poland is represented by President Andrzej Duda and Prime Minister Mateusz Morawiecki. President plans to meet with Secretary General of NATO, Jens Stoltenberg, and with German Chancellor Angela Merkel. The PM wants to present Poland’s success in tax collection and managing budget revenues.

Many world’s leaders will not attend this year meeting. The US president cancelled his trip due to the government shutdown. The UK PM Theresa May deals with Brexit issues, while France’s President Emmanuel Macron said he is too busy right now.

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Romania

Romania has applied for the next wave of expansion of the Organization for Economic Cooperation and Development (OECD). “Our country is unanimously characterized as the best prepared among the European candidates,” informed Romanian Minister of Foreign Affairs Teodor Melescanu. For the first time Romania opened discussions on OECD membership in 2004, and renewed its applications in 2012, 2016 and 2017.

Over the past two years, Romania has received endorsement from France, the United States and Germany. Mr Melescanu pointed out that full membership would bring new portfolio of investors and increase country’s rating.

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Latvia

Latvian airBaltic airlines had over 4.1 million passengers in 2018, setting a new record and raising the figure by 17 per cent y/y. AirBaltic CEO, Martin Gauss credited last year’s success to the highly efficient business model, loyal passengers and dedicated staff. He informed that airBaltic plans to open at least six new routes in 2019, and to increase capacities on other destinations.

According to OAG analysts Latvian airline has retained its place as the most punctual airline in Europe and is the second most punctual in the world. Last year, airBaltic performed 56,261 flights, or 12 per cent more than in 2017, and the airline’s load factor was 75 per cent in 2018, the company’s representatives said.

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What’s up in indexes

BET (of Bucharest) decreased from 7201.43 index points Friday, January 18th to 7160.44 index points Monday, January 19th. It’s down 0.95 per cent d/d and down 15.67 per cent y/y.

BUX (of Budapest) decreased from 41503.91 index points Friday, January 18th to 40894.00 index points Monday, January 19th. It’s down 1.47 per cent d/d and down 0.26 per cent y/y.

CROBEX (of Zagreb) increased from 1,759.33 index points Friday, January 18th. to 1,761.88 index points Monday, January 19th.. It’s up 0.14 per cent d/d and down 3.68 per cent y/y.

OMXR (of Riga) decreased from 984.00 index points Friday, January 18th to 980.05 index points Monday, January 19th. It’s down 0.40 per cent d/d and down 5.64 per cent y/y.

OMXT (of Tallinn) increased from 1221.67 index points Friday, January 18th to 1224.66 index points Monday, January 19th. It’s up 0.24 per cent d/d and down 4.38 per cent y/y.

OMXV (of Vilnius) increased from 636.56 index points Friday, January 18th to 642.30 index points Monday, January 19th. It’s up 0.90 per cent d/d and down 3.81 per cent y/y.

PX (of Prague) decreased from 1020.36 index points Friday, January 18th to 1020.36 index points Monday, January 19th. It’s down 0.30 per cent d/d and down 10.20 per cent y/y.

SAX (of Bratislava) closed at 332.89 index points Monday, January 19th. It’s the same result as Friday’s. It’s 0 per cent change d/d and down 1.70 per cent y/y.

SOFIX (of Sofia) increased from 567.05 index points Friday, January 18th to 567.50 index points Monday, January 19th. It’s up 0.08 per cent d/d and down 19.85 per cent y/y.

UX (of Kiev) closed at 1,710.65 index points , January 19th. It’s the same result as Friday’s. It’s 0 per cent change d/d and up 20.91 per cent y/y.

WIG20 (of Warsaw) decreased from 2377.87 index points Friday, January 18th to 2358.30 index points Monday, January 19th. It’s down 0.82 per cent d/d and down 10.02 per cent y/y.

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