Bulgaria: FDI in non-financial sector up 1.4 per cent in 2016

Sofia, Bulgaria (mksfca, CC BY-NC-ND)

Slovak top domain sold for EUR26m

Latvia: budget quarrels over subsidies for families

Bulgaria

Novinite.com reports the foreign direct investments (FDI) in non-financial sector in Bulgaria grew by 1.4 per cent in 2016. The FDI totalled EUR23.5bn. The preliminary data published by the National Statistical Institute shows 335 802 non-financial enterprises generated BGN137139m (EUR70bn) of production value and BGN48566m of value added at factor cost.

The sector that attracted the largest share of the FDI were manufacturing and services (in total 68.2 per cent of all non-financial FDI). Investment in construction sector dropped by 19.4 per cent y/y.

Overall, those companies have been employing over 2 million FTE.

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Slovakia

Slovak company SK-Nic that administers the national internet domain .sk has been acquired by the British Central Nic. The value of the deal was EUR26m. As reported, the closing of the transaction is expected in mid-September 2017.

SK-Nic has been administering the national domain since 1993. It is part of the DanubiaTel group, owned by the Slovak businessmen Juraj and Pavol Ondriš.

The new owner has announced it will “support the Slovak internet community by offering a more competitive service than that from the past”.

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Latvia

The ruling coalition of the National Alliance, the Unity and the Greens/Farmers didn’t come up to an  agreement on national budget 2018 on Thursday, September 1st. As reported, National Alliance demands EUR85m for demographic measures, and the Unity opposes.

Leta.lv informs, the government hoped to reach the agreement on budget expenditures and distribution of additional funds. Nevertheless, National Alliance’s ideas occur to be “unpleasant surprise” for the Unity. The portal quotes Unity’s chairman Arvils Aseradens saying the partner demanded “dozens of millions of EUR”.

It is said Unity’s priorities for 2018 are security and teachers’ salaries. It should cost about EUR34m. On the other hand the National Alliance claims that the priority should be supporting large families. “Demography was one of the priorities when the government was being formed, and that has to be reflected in the budget,” co-chairman of the National Alliance’s Raivis Dzintars comments.

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What’s up in indexes

BET (of Bucharest) decreased from 8,223.14 index points Wednesday, August 30th to 8,052.03 index points Thursday, August 31st. It’s down 2.03 per cent d/d and up 14.45 per cent y/y.

BUX (of Budapest) increased from 37,904.00 index points Wednesday, August 30th to 38,092.26 index points Thursday, August 31st. It’s up 0.50 per cent d/d and up 36.19 per cent y/y.

CROBEX (of Zagreb) increased from 1,888.71 index points Wednesday, August 30th to 1,893.01 index points Thursday, August 31st. It’s up 0.23 per cent and up 4.1 per cent y/y.

OMXR (of Riga) decreased from 1,008.94 index points Wednesday, August 30th to 992.49 index points Thursday, August 31st. It’s down 1.53 per cent d/d and up 55.09 per cent y/y.

OMXT (of Tallinn) decreased from 1,272.50 index points Wednesday, August 30th to 1,271.93 index points Thursday, August 31st. It’s down 0.04 per cent d/d and up 27.45 per cent y/y.

OMXV (of Vilnius) decreased from 656.65 index points Wednesday, August 30th to 658.89 index points Thursday, August 31st. It’s up 0.34 per cent d/d and up 23.36 per cent y/y.

PX (of Prague) decreased from 1,028.87 index points Wednesday, August 30th to 1,022.27 index points Thursday, August 31st. It’s down 0.64 per cent d/d and up 18.99 per cent y/y.

SAX (of Bratislava) decreased from 333.92 index points Wednesday, August 30th to 333.39 index points Thursday, August 31st. It’s down 0.16 per cent d/d and up 5.76 per cent y/y.

SOFIX (of Sofia) decreased from 706.54 index points Wednesday, August 30th to 705.44 index points Thursday, August 31st. It’s down 0.16 per cent d/d and up 51.82 per cent y/y.

UX (of Kyiv) increased from 1,121.04 index points Wednesday, August 30th to 1,129.58 index points Thursday, August 31st. It’s up 0.96 per cent d/d and up 58.88 per cent y/y.

WIG20 (of Warsaw) decreased from 2,524.57 index points Wednesday, August 30th to 2,516.26 index points Thursday, August 31st. It’s down 0.33 per cent d/d and up 40.29 per cent y/y.

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