Czechs don’t like to pay high bank fees

Znojmo, Czech Republic (Takmocsekretovanej!, Public domain)

Wall Street Daily to American investors: Poland deserves your attention

In Bulgaria unemployment rate down 1.9 per cent y/y

Czech Republic

Interesting Czech survey showing that 85 per cent of Czechs had decided to choose a bank based on the bank’s fees. The survey conducted by STEM/MARK agency also shows that in 2016 15 per cent of Czechs decided to change banks in order to avoid paying high fees.

Among those banks that lost clients are mostly the well-known, established banks. As reported, Česká Spořitelna lost 31 per cent of their clients, Komerční bank lost 18 per cent and Poštovní Spořitelna lost 12 per cent.

The survey also shows that 57 per cent of Czechs have accounts in at least two banks, while 3 per (aged 18-60) don’t have a bank account.

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Poland

Martin Hutchinson from the Wall Street Daily encourages American investors to invest in Poland. Hutchinson shows why Americans could benefit from the unique position of Poland in the world’s (and especially European) economy. “Most of Europe is an investment desert,” Hutchinson writes. He points out that poor performance of the continent is a result of:

  1. stifling European regulation;
  2. EUR effects (deflation);
  3. uncompetitive labor market.

Poland, on the other hand, is fast growing and it benefits from its independence from the Eurozone. Hutchinson refers to The Economist or Moody’s forecasts of more than 3 per cent of GDP growth and writes that it is “a very god for a country with almost no population growth”. He adds “Poland gives you a diversification from both the U.S. and the mistakes of the central EU bureaucracy. It’s growing fast, and it’s cheap. Definitely adds up to a buy rating in my book.”

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Bulgaria

Novinite.com reports the number of people registered as unemployed decreased to 262,000 (down 19.3 per cent y/y). In general, the unemployment decrease by 1.9 per cent. As the portal reports, the greatest demand of manpower is noted in the following sectors: hotels, restaurants, commerce, agriculture and transport.

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What’s up in indexes

BET (of Bucharest) decreased from 8,232.65 index points Tuesday, April 18th to 8,196.11 index points Wednesday, April 19th. It’s down 0.31 per cent d/d and up 23.62 per cent y/y.

BUX (of Budapest) increased from 32,521.58 index points Tuesday, April 18th to 32,688.09 index points Wednesday, April 19th. It’s up 0.51 per cent d/d and up 19.86 per cent y/y.

CROBEX (of Zagreb) increased from 1,944.72 index points Tuesday, April 18th to 1,962.10 index points Wednesday, April 19th. It’s up 0.89 per cent d/d and up 19.22 per cent y/y.

OMXR (of Riga) increased from 793.83 index points Tuesday, April 18th to 801.23 index points Wednesday, April 19th. It’s up 0.93 per cent d/d and up 27.36 per cent y/y.

OMXT (of Tallinn) decreased from 1,116.79 index points Tuesday, April 18th to 1,115.38 index points Wednesday, April 19th. It’s down 0.13 per cent d/d and up 14.40 per cent y/y.

OMXV (of Vilnius) increased from 574.18 index points Tuesday, April 18th to 575.52 index points Wednesday, April 19th. It’s up 0.23 per cent d/d and up 14.26 per cent y/y.

PX (of Prague) decreased from 968.06 index points Tuesday, April 18th to 967.54 index points Wednesday, April 19th. It’s down 0.05 per cent d/d and up 5.72 per cent from year-end.

SAX (of Bratislava) decreased from 305.83 index points Tuesday, April 18th to 304.84 index points Wednesday, April 19th. It’s down 0.32 per cent d/d and down 7.84 per cent y/y.

SOFIX (of Sofia) increased from 652.89 index points Tuesday, April 18th to 658.61 index points Wednesday, April 19th. It’s up 0.88 per cent d/d and up 51.34 per cent y/y.

UX (of Kyiv) increased from 1,039.90 index points Tuesday, April 18th to 1,046.47 index points Wednesday, April 19th. It’s up 0.63 per cent d/d and up 73.11 per cent y/y.

WIG20 (of Warsaw) increased from 2,237.36 index points Tuesday, April 18th to 2,274.69 index points Wednesday, April 19th. It’s up 1.67 per cent d/d and up 15.77 per cent y/y.

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