Czech carmakers demand changes in children education

Škoda factory in Mladá Boleslav, Czech Republic (Zdeněk Fiedler, CC BY-SA)

Bosnian military exports to Middle East increase

Increase of average gross wage in Poland

Czech Republic

The Czech auto producers demand changes in Czech education system: on primary, secondary and tertiary level. They call for a “new dual education system that would combine classroom theory and hands-on shop floor experience.” They also propose development of children skills in technology to boost the interest in fields linked to transportation.

This is all due to the shortages of workers. As the Automotive Industry Association reports, the country’s carmakers and components producers have problems in filling some 4,000 positions. The Association estimates the situation won’t change by 2020.

The automobile industry gives jobs to 117,000 people. In 2016, Czech companies produced approx. 1.34 million of cars. The largest producer is Škoda Auto. In the top three are also Hyundai and TPCA.

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Bosnia and Herzegovina

The Balkan Insight reports on BiH’s exports success – the growing sales of arms. As the data from the BiH’s Foreign Trade Chamber show, profits of arms producers were up 15-20 per cent y/y in 2016. The value of arms exports in 2016 totalled EUR87.4m.  

The most important destinations are: Egipt, Saudi Arabia, Serbia, Afghanistan, Turkey, Pakistan, Bulgaria, Switzerland and Malaysia.

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Poland

The Central Statistical Office (GUS) informed the average gross wage in the private sector reached PLN4,277 (EUR999) a month. This relates to the companies with the minimum headcount of 9. The Polish Radio underlines that in January 2017 an average pay increased 4.3 per cent y/y. The Radio quotes Krzysztof Wołowicz, chief economist at BPS TFI, saying “the hike follows new rules on pay, with the minimum rate rising to PLN13 an hour for people on freelance contracts and to PLN2,000 gross a month for those on permanent contracts.”

The minimum pay has been increased at the beginning of 2017. It is now PLN2,000 (EUR463) gross monthly. It’s up 8.1 per cent compared with 2016.

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What’s up in indexes

BET (of Bucharest) increased from 7,656.56 index points Wednesday, February 15th to 7,686.31 index points Thursday, February 16th. It was up 0.23 per cent d/d and up 25.52 per cent y/y.

BUX (of Budapest) decreased from 33,982.00 index points Wednesday, February 15th to 33,745.00 index points Thursday, February 16th. It was down 0.70 per cent d/d and up 46.63 per cent y/y.

CROBEX (of Zagreb) increased from 2,166.44 index points Wednesday, February 15th to 2,180.57 index points Thursday, February 16th. It was up 0.65 per cent d/d and up 38.91 per cent y/y.

OMXR (of Riga) increased from 745.06 index points Wednesday, February 15th to 748.50 index points Thursday, February 16th. It was up 0.46 per cent d/d and up 22.90 per cent y/y.

OMXT (of Tallinn) increased from 1,116.34 index points Wednesday, February 15th to 1,117.23 index points Thursday, February 16th. It was up 0.08 per cent d/d and up 25.47 per cent y/y.

There was no trade on OMX Vilnius Thursday, February 16th. The day before the OMXT closed at 560.82 index points. It was up 16.06 per cent y/y.

PX (of Prague) decreased from 972.83 index points Wednesday, February 15th to 971.08 index points Thursday, February 16th. It was down 0.18 per cent d/d and up 12.74 per cent from year-end.

SAX (of Bratislava) decreased from 307.49 index points Wednesday, February 15th to 306.97 index points Thursday, February 16th. It was down 0.17 per cent d/d and down 1.76 per cent y/y.

SOFIX (of Sofia) increased from 593.56 index points Wednesday, February 15th to 594.18 index points Thursday, February 16th. It was up 0.10 per cent d/d and up 32.48 per cent y/y.

UX (of Kyiv) decreased from 941.64 index points Wednesday, February 15th to 918.86 index points Thursday, February 16th. It was down 2.42 per cent d/d and up 48.38 per cent y/y.

WIG20 (of Warsaw) increased from 2,184.33 index points Wednesday, February 15th to 2,215.36 index points Thursday, February 16th. It was up 1.42 per cent d/d and up 24.18 per cent y/y.

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