Ukraine: deficit of Pension Fund to be decreased in 2017 draft budget

Lvov, Ukraine (Julien Brun, CC BY-NC)

44 per cent of Latvians shop online

Bulgarian companies in search of employees

Poland’s trade surplus with Canada places the country in Europe’s top 4

Ukraine

Volodymyr Groysman, the Prime Minister of Ukraine, informed the deficit of Ukraine's Pension Fund will be reduced in the draft of 2017 national budget. The calculations are underway – according to the PM. The state’s pension fund deficit in Ukraine has almost doubled since 2014 and now reaches UAH145bn (EUR5,2bn).  The Interfax quotes Mr. Groysman: "It is obvious that the deficit [of the Pension Fund] have to be reduced."

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Latvia

As much as 44 per cent of Latvians shop online according to a research of the Central Statistical Bureau (CSB). “At the beginning of 2016, 44 per cent of the population had made at least one online purchase over the year,” the Baltic Course reports. It is up 6 per cent y/y. Ten years ago, in 2006 the share was 8 per cent.

“People purchased clothes, shoes and sports goods (46 per cent), tickets for events (35 per cent), household goods (34 per cent), electronic equipment (29 per cent) and travel, holiday accommodation (24 per cent) the most. Most of the online purchases carried out by men included electronic equipment (40 per cent) and computer hardware (26 per cent), while women mainly purchased clothes, shoes and sports goods (54 per cent), as well as food and groceries (26 per cent),” the Baltic Course informs.
People mostly made small purchases with a value of up to EUR50 (38 per cent), which is 3 ppt less than in 2015 (41%). Online purchases with a value of EUR 51–100 and EUR 101–500 were made by 27 per cent of the population.

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Bulgaria

Looking for a job? Try to find it in Bulgaria! Bulgarian Labor Minister Zornitsa Rusinova has just informed there are more than 23,000 vacancies in the country at the moment. She said so during the opening of a new employment bureau in Bulgaria's capital Sofia.
The unemployment rate in Bulgaria dropped below the 10 per cent in 2016, for the first time in 11 years. Novinite.com reports that “Rusinova has estimated unemployment as measured by the Employment Agency at 7.8 per cent.” At the same time the Eurostat suggests that unemployment had decreased to 7.7 per cent in October 2016.

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Poland

The Polish Radio reports, after the Eurostat, that with trade surplus of EUR902m, Poland had the European Union's fourth largest balance with Canada in the 28-member block in 2015.
According to the data, the top three surpluses are observed in:

  • Germany: EUR6.9bn;
  • Italy: EUR2.2bn;
  • France: EUR 1.1 bn.

In 2015, the United Kingdom had the largest trade deficit with Canada, worth EUR6.7bn.

The European Union has just signed the CETA free trade agreement with Canada. CETA liberalizes trade of goods and services between the EU countries and Canada and removes practically all tariffs.

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What’s up in indexes

The Budapest Stock Exchange was closed Monday, October 31st and Tuesday, November 1st. BUX  closed at 29802.79 index points Friday, October 28th. From year-end it’s up 24.59 per cent.

BET (of Bucharest Stock Exchange) dropped by 0.26 per cent d/d and by 2.73 per cent from year-end. It decreased from 6829.12 index points Friday, October 28th to 6811.06 index points Monday, October 31st. On Tuesday, November 1st the bourse was closed.

PX (of Prague) decreased from 925.46 index points Thursday, October 27th to 921.78 index points Monday, October 31st. And then it decreased to 908.80 index points Tuesday, November 1st. So it dropped by 1.41 per cent d/d. From year-end it dropped by 4.97 per cent.

WIG20 (of Warsaw) decreased from 1817.79 index points Friday, October 28th to 1814.66 index points Monday, October 31st. So dropped by 0.17 per cent. From year-end it dropped by 2.39 per cent. On Tuesday, November 1st the Warsaw Stock Exchange was closed.

OMXT (of Tallinn) increased from 1033.79 index points Friday, October 28th to 1036.52 index points Monday, October 31st. Then it fell to 1029.58 index points Tuesday, November 1st. So it’s up 0.67 per cent Monday to Tuesday. From year-end it’s up 14.53 per cent.

OMXR (of Riga) increased from 712.49 index points Friday, October 28th to 713.27 index points Monday, October 31st. And then it grow to 713.39 index points November 1st. So it’s up 0.02 per cent Monday to Tuesday. From year-end it’s up 20.03 per cent.

OMXV (of Vilnius) dropped by 0.48 per cent d/d – falling from 558.28 index points Friday, October 28th to 555.58 index points Monday, October 31st. So it’s up 14.32 per cent from year-end. Tuesday, November 1st the bourse was closed.

SAX (of Bratislava) closed a 317.59 index points Monday, October 31st. It’s the same result as Friday’s. It means 0 per cent change d/d. From year-end it’s up 8.63 per cent.

SOFIX (of Sofia) increased from 526.28 index points Friday, October 28th to 531.82 index points Monday, October 31st. Then it grew to 573.03 index points Tuesday, November 1st. So it’s up 0.98 per cent Monday to Tuesday. From year-end it’s up 16.52 per cent.

UX (of Kyiv) increased from 839.08 index points Friday, October 28th to 848.43 index points Monday, October 31st. And then it decreased to 843.65 index points Tuesday, November 1st. So it dropped by 0.56 per cent Monday to Tuesday. From year-end it’s up 23.01 per cent.

CROBEX (of Zagreb) decreased from 1964.41 index points Friday, October 28th to 1958.94 index points Monday, October 31st. So it dropped by 0.28 per cent. From year-end it’s up 15.94 per cent. Tuesday, November 1st the bourse of Zagreb was closed.

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