Average wage in Poland up 4.1 per cent in April 2017

(Narodowy Bank Polski, CC BY-ND)

Gazprom tries to avoid paying a fine in Ukraine

Romania to start talks on OECD membership

Poland

Wages of Polish employees increased. As the data from the Central Statistical Office show, in April the average Polish salary reached PLN4,449 (EUR1,053), up 4.1 per cent y/y. The Polish Radio reports that at the same time employment in Poland increased to 4.6 per cent y/y.
The Polish Radio quotes an expert from the XTB brokerage house, commenting that the Polish labor market is in a good shape. “Salaries were growing faster than prices for consumers,” Przemysław Kwiecień noted.

The Central Statistical Office also informed that in Q1'2017 Polish economy grew 4.0 per cent in real terms y/y.

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Ukraine

In April, the Ukraine's Antimonopoly Committee sent an application to the State Enforcement Service of Ukraine to launch the enforcement procedure to collect a fine of UAH172bn from Russia's Gazprom. The committee also asked to arrest the assets and funds of Gazprom and impose a ban on selling them to third parties.

Interfax reports that private joint-stock company Gastransit (Kyiv), partially owned by Gazprom, will pay UAH210m (EUR7.1m) of dividends to its shareholders, according to the decision taken by the Shareholders General Meeting.

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Romania

Romania’s Prime Minister Sorin Grindeanu informed that his country is ready to start talks on joining the Organisation for Economic Cooperation and Development (OECD). Becoming a part of the organization, founded in 1960, has been one of key goals of Romanian foreign policy since 2004. As SEENews Corporate wire reports, Romanians want to start accession talks as soon as possible.

The portal quotes Grindeanu saying: "The membership will be a reconfirmation of the economic progress our country has made and will help us make the public administration more efficient.”

SEENews points out the country’s economic growth accelerated to from 4.8 per cent in Q4'2016 to 5.7 per cent in Q1'2017. “Romania saw the biggest economic growth rate among EU member states in the first quarter,”SEENews writes.

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What’s up in indexes

BET (of Bucharest) decreased from 8,447.22 index points Wednesday, May 17th to 8,340.33 index points Thursday, May 18th. It’s down 0.20 per cent d/d and up 30.99 per cent y/y.

BUX (of Budapest) increased from 34,146.49 index points Wednesday, May 17th to 34,528.85 index points Thursday, May 18th. It’s up 1.12 per cent d/d and up 32.67 per cent y/y.

CROBEX (of Zagreb) increased from 1,865.07 index points Wednesday, May 17th to 1,867.10 index points Thursday, May 18th. It’s up 0.11 per cent d/d and up 13.69 per cent y/y.

OMXR (of Riga) decreased from 840.64 index points Wednesday, May 17th to 831.27 index points Thursday, May 18th. It’s down 1.11 per cent d/d and up 30.46 per cent y/y.

OMXT (of Tallinn) decreased from 1,116.40 index points Wednesday, May 17th to 1,110.82 index points Thursday, May 18th. It’s down 0.50 per cent d/d and up 13.55 per cent y/y.

OMXV (of Vilnius) increased from 581.95 index points Wednesday, May 17th to 582.24 index points Thursday, May 18th. It’s up 0.05 per cent d/d and up 14.45 per cent y/y.

PX (of Prague) decreased from 1,020.64 index points Wednesday, May 17th to 1,011.71 index points Thursday, May 18th. It’s down 0.87 per cent d/d and up 15.84 per cent y/y.

SAX (of Bratislava) decreased from 305.00 index points Wednesday, May 17th to 303.15 index points Thursday, May 18th. It’s down 0.61 per cent d/d and down 4.89 per cent y/y.

SOFIX (of Sofia) decreased from 661.97 index points Wednesday, May 17th to 659.51 index points Thursday, May 18th. It’s down 0.37 per cent d/d and up 50.67 per cent y/y.

UX (of Kyiv) increased from 929.55 index points Wednesday, May 17th to 930.79 index points Thursday, May 18th. It’s up 0.13 per cent d/d and up 44.36 per cent y/y.

WIG20 (of Warsaw) decreased from 2,302.21 index points Wednesday, May 17th to 2,295.14 index points Thursday, May 18th. It’s down 0.31 per cent d/d and up 24.61 per cent y/y.

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