Finance & Economics | WPN World People News

Poland’s international connectivity - through trade, investment, migration, communications, and transport - is among the highest in Europe, which helps the country’s firms become more productive through knowledge and technology transfers, says a new World Bank report, “Critical Connections: Promoting Economic Growth and Resilience in Europe and Central Asia.”

New data published by UK Government shows that goods exports have risen in Wales and across the UK, on September 6th. The figures show an increase in exports from Wales by 4.2% to £16.6bn, compared to the previous quarter.

The TRV, which covers the first half of 2018, finds that overall risk levels for the EU’s securities markets remained stable but at high levels for most risk categories. Equity and bond volatility spikes in February and May reflected the growing sensitivities. ESMA also sees a deterioration in outstanding corporate debt ratings, and in corporate and sovereign bond liquidity.

In August 2018, the World Bank Group and the State Investment Committee of Uzbekistan signed an agreement on comprehensive advisory services to support the modernization of the civil aviation sector in Uzbekistan. It is the first ever Reimbursable Advisory Services Agreement between the World Bank Group and the Government of Uzbekistan.

The sustained rise in exports will be welcomed by British firms who continue to find success in markets around the world.

In the year to June 2018, the overall value of UK trade in goods exports increased by 5.4% (compared with the same period last year). And the overall value of imports increased by 3.3%.

On August 31, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Latvia.

Digital jobs can bring new employment opportunities for young women in developing countries, says a new report by the Solutions for Youth Employment (S4YE) coalition. The report, titled Digital Jobs for Youth: Young Women in the Digital Economy, incorporates insights drawn from 19 case studies and lays out how jobs in the digital economy can increase young women’s productivity, earnings, and financial independence.

Countries have used recent tax reforms to lower taxes on businesses and individuals, with a view to boosting investment, consumption and labour market participation, continuing a trend that started a couple of years ago, according to a new report from the OECD.

The World Bank’s Board of Executive Directors approved last week a US$7.5 million grant to support Tuvalu’s Fourth Development Policy Operation. Government reforms, under this new operation, will seek to improve early childhood education and care, address the non-communicable diseases epidemic, continue strengthening the management of the country’s reserve assets and public finances, and encourage a more robust banking sector.

The three European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA – published the results of their monitoring exercise on automation in financial advice, on September 5. The Report shows that while the phenomenon of automation in financial advice seems to be slowly growing, the overall number of firms and customers involved is still quite limited. As the identified risks have not materialised and considering the limited growth of the phenomenon, the ESAs believe that no immediate action is necessary.