Poland: EUR22m to help finance innovative steel industry projects

(Arcelor Mittal Poland, Public domain)

Romania increases excise tax on fuel

Moldova makes 38 actions under the EU Free Trade Agreement

Poland

The Polish Radio informs that Poland’s National Centre for Research and Development (NCBR) will help Polish companies from steel industry to develop their projects. The program of boosting the competitiveness and innovation of the industry is called INNOSTAL. In the second edition of the program the government will provide EUR22m.

As reported, “projects eligible for support are those that involve work on new products and technology, and those reducing the negative impact of the steel industry on the environment”.

The first edition of INNOSTAL ended in 2016. 20 projects were financed with a total of EUR31.5m.

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Romania

Romania’s government is planning to increase the excise duties on fuel starting September 1st. According to the project, the excise duty for unleaded gasoline will be RON2,643.39 per ton, respectively RON2,035.40 per 1,000 liters, while the excise tax for diesel will be RON ,245.11 per ton, respectively RON1,897.08 per 1,000 liters.

As Romania Insider reports the Finance Ministry wants the excise duties on fuel to go back to the 2016 level, which also included the extra-excise of 7 eurocents per liter of fuel, introduced in 2014. Central bank BNR governor Mugur Isarescu commented saying that this measure will push the inflation up, reports local Agerpres.

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Moldova

Moldova has accomplished successfully 38 actions out of a total of those planned by the DCFTA with the European Union in the first half of 2017, reports Moldres agency. Deputy Prime Minister and  Minister of Economy and Infrastructure Octavian Calmic said that “the implementation of the economic measures regarding the implementation of the Moldova-EU Association Agreement has facilitated the creation of favorable conditions for commercial and economic activity for the economic agents in Moldova.”

The already implemented legislation include: law on the foreigners’ status, law on labor migration, law on electronic commerce and on electronic communications. Moldova also opened its labor market to the highly qualified foreign IT professionals.

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What’s up in indexes

BET (of Bucharest) increased from 8,373.74 index points Monday, August 7th to 8,454.63 index points Tuesday, August 8th. It’s up 0.97 per cent d/d and up 22.49 per cent y/y.

BUX (of Budapest) decreased from 36,678.22 index points Friday, August 4th to 36,771.27 index points Tuesday, August 8th. It’s down 0.46 per cent d/d and up 34.41 per cent y/y.

CROBEX (of Zagreb) increased from 1,887.56 index points Monday, August 7th to 1,890.40 index points Tuesday, August 8th. It’s down 0.29 per cent and up 6.15 per cent y/y.

OMXR (of Riga) decreased from 1,003.98 index points Monday, August 7th to 1,000.93 index points Tuesday, August 8th. It’s down 0.30 per cent d/d and up 57.29 per cent y/y.

OMXT (of Tallinn) increased from 1,241.54 index points Monday, August 7th to 1,244.23 index points Tuesday, August 8th. It’s up 0.22 per cent d/d and up 23.21 per cent y/y.

OMXV (of Vilnius) increased from 634.33 index points Monday, August 7th to 643.86 index points Tuesday, August 8th. It’s up 1.50 per cent d/d and up 20.07 per cent y/y.

PX (of Prague) increased from 1,033.11 index points Monday, August 7th to 1,043.57 index points Tuesday, August 8th. It’s up 1.01 per cent d/d and up 21.01 per cent y/y.

SAX (of Bratislava) decreased from 340.61 index points Monday, August 7th to 335.43 index points Tuesday, August 8th. It’s down 1.52 per cent d/d and up 6.15 per cent y/y.

SOFIX (of Sofia) increased from 724.21 index points Monday, August 7th to 725.79 index points Tuesday, August 8th. It’s up 0.22 per cent d/d and up 59.05 per cent y/y.

UX (of Kyiv) increased from 1,141.29 index points Monday, August 7th to 1,142.11 index points Tuesday, August 8th. It’s up 0.07 per cent d/d and up 62.93 per cent y/y.

WIG20 (of Warsaw) increased from 2,388.21 index points Monday, August 7th to 2,425.02 index points Tuesday, August 8th. It’s up 1.54 per cent d/d and up 32.01 per cent y/y.