Moldova bans free plastic bags

(Garrett Coakley, CC BY-NC)

Hungary’s general budget deficit at EUR2.8bn

Baltic states show negative natural population growth

Romanian central bank: there are inflation risks related to the post-elections situation

Moldova

Since January 1st, 2017 free distribution of plastic bags is prohibited in Moldova. The decision was taken in order to prevent waste and avoid pollution. Since 2018 new, even more strict requirements on the production and composition of packaging will be introduced.

Also from January 1st, 2020, a new Center of harmful waste management will be created.

>>More

Hungary

According to the preliminary data the cash flow-based general government deficit, excluding local councils, reached HUF848.3bn (EUR2.8bn) in 2016. The Minister for National Economy Mihály Varga said that the twelve-month deficit last year was HUF389bn (EUR1.3bn) lower than the full-year deficit in 2015.

Budapest Business Journal writes that tax revenues were HUF490bn (EUR1.6bn) higher than in 2015 and expenditures relating to European Union development projects were lower by around HUF700bn (EUR2.28bn). The government spent HUF800bn (EUR2.6bn) more on investments than the year before.

The government deficit could be around 2 per cent of GDP in 2016.

>>More

Baltics

Latvian press agency Leta writes that natural population growth was negative in all three Baltic states in the first eleven months of 2016, according to the information compiled by the Latvian Central Statistical Bureau.

There were 20,140 births and 25,961 deaths registered in Latvia in January-November last year. In Lithuania, 28,947 babies were born and 37,669 people died during the eleven-month period in 2016. Negative changes in Estonia’s population were less prominent than in other Baltic states with 12,935 births and 13,995 deaths registered during the first eleven months of 2016.

>>More

Romania

Romania’s National Bank (BNR) Governor Mugur Isarescu said that internal inflation risk is related to the post-elections situation and that the 2017 budget that currently represents an uncertainty.

Romania Insider writes that Isarescu greeted the new finance minister Viorel Stefan’s statement on keeping the budget deficit within 3 per cent of the GDP.

BNR estimates that the annual inflation rate could stay below the 2.1 per cent level targeted by the central bank, at the end of this year, although it will turn positive again in the first quarter, Isarescu added.

During BNR’s meeting on January 6th the bank decided to keep the monetary policy rate at 1.75 per cent. It also kept the minimum reserve requirements for foreign currency denominated liabilities at 10 per cent and the minimum reserve requirements for the RON at 8 per cent.

>>More

What’s up in indexes

BUX (of Budapest) increased from 3,2750.00 index points Thursday, January 5th to 32,855.87 index points Friday, January 6th. It was up 0.32 per cent d/d and 37.15 per cent y/y.

BET (of Bucharest) decreased from 7,219.88 index points Thursday, January 5th to 7,219.27 index points Friday, January 6th. It was down 0.06 per cent d/d and up 6.08 per cent y/y.

PX (of Prague) increased from 934.07 index points Thursday, January 5th to 937.52 index points Friday, January 6th. It was up 0.37 per cent d/d and up 1.46 per cent y/y.

The bourse of Warsaw was closed Friday, January 6th. WIG20 closed at 1,998.76 index points Thursday, January 5th. It was up 11.54 per cent y/y.

OMXT (of Tallinn) increased from 1,084.76 index points Thursday, January 5th to 1,096.41 index points Friday, January 6th. It was up 1.07 per cent d/d and up 23.62 per cent y/y.

OMXR (of Riga) increased from 738.56 index points Thursday, January 5th to 742.98 index points Friday, January 6th. It was up 0.60 per cent d/d and 24.87 per cent y/y.

OMXV (of Vilnius) decrease from 566.99 index points Thursday, January 5th to 566.81 index points Friday, January 6th. It was down 0.17 per cent d/d and up 16.39 per cent y/y.

The bourse of Slovakia was closed Friday, January 6th. SAX closed at 319.46 index points Thursday, January 5th. It was up 9.60 per cent y/y.

SOFIX (of Sofia) increased from 589.61 index points Thursday, January 5th to 592.00 index points Friday, January 6th. It was up 0.41 per cent d/d and 29.54 per cent y/y.

UX (of Kiev) decreased from 794.89 index points Thursday, January 5th 793.92 index points Friday, January 6th. It was down 0.12 per cent d/d but up 17.09 per cent y/y/.

The bourse of Croatia was closed Friday, January 6th. CROBEX closed at 2,030.28 index points Thursday, January 5th. It was up 22.18 per cent y/y.

Share this post

TOP

Leave a Comment


− 5 = two