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GLOBAL & REGIONAL DAILY (Wednesday 15, January 2020)

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GLOBAL & REGIONAL DAILY (Wednesday 15, January 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

January 15, 2020

Global Markets

Global equity markets were little changed in early trade today ahead of the signing of the US/China Phase One trade deal agreement in Washington at 16:30GMT. According to US Treasury Secretary Steven Mnuchin, existing tariffs on Chinese imports will remain in place pending on successful completion of discussions in the context of the Phase Two trade deal.

Greece

A new pension law is expected to be voted in February and according to press it foresees increases in replenishment rates of main pensions as well as increases in some supplementary pensions. As regards tax policy, the Ministry of Finance reportedly intends to decrease the license tax for the self-employed as well as the solidarity surcharge with a view to having them entirely eliminated by end-2023.

CESEE

Poland: The European Commission was authorized to ask the European Court of Justice to take interim measures regarding the infringement procedure initiated by the EC in April 2019 with respect to the disciplinary regime for Polish judges.

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