Ukraine: Russia is losing due to a mutual flight ban

Kiev, Ukraine (Lawrence, CC BY-NC-ND)

The number of Hungary’s highway border crossings to double by 2022

Romania: sales of face cosmetics with a rapid growth

Ukraine

After Ukraine and Russia suspended direct flights between countries in 2015, Ukrainian air transportation is in better situation than a Russian one. As the Interfax informs Ukrainian Infrastructure Minister Volodymyr Omelyan said that Russia has lost more than Ukraine, as the Ukrainian air transport seems to thrive.

“We have a vivid growth of the market: if average European growth is from 5 per cent to 10 per cent, and sometimes even 3 per cent is considered a good figure, we have the largest growth, thanks to domestic passengers, transit passengers, and people who are more often flying to Ukraine,” Omelyan comments, adding that Ukrainian side has observed a sharp rise of flights in Ukraine in the past two years, especially after turning the Boryspil International Airport (Kyiv) into a hub (people now fly to Asia via Kyiv or other Ukrainian cities rather than via Moscow).

In September 2015 President Petro Poroshenko enacted a decision by the National Security and Defense Council on individual special economic sanctions and other restraints affecting Russian airlines. Plus Ukraine’s government endorsed a ban on flights by the Russian airlines from September 25th, 2015. Russians responded on September 29th, 2015, banning Ukrainian airlines from Russian airspace. After that the Ukrainian State Aviation Service notified Russia that transit for all Russian planes across Ukrainian airspace is banned from November 26th, 2015.

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Hungary

Hungary Today reports about rapid growth of Hungarian infrastructure. As reported, the number of Hungary’s border crossings with a motorway link may double by the year 2022. It means it’s possible that in the next five years, Hungary may have 12 such facilities. According to Hungary Today the government plans to build 900 kilometers of motorways and dual carriageways by 2022. It is said it will cost about EUR8.2bn. The plans include:

  • completion of the M4 motorway connecting Budapest with Oradea (Nagyvárad) in western Romania (by 2020);
  • the construction of the dual carriageway M30 between Miskolc and Kosice (Kassa) in eastern Slovakia (starting next year);
  • completion of the border sections of M8 at Rábafüzes (in the direction of Graz);
  • completion of M85 at Sopron (in the direction of Vienna in 5 years);
  • completion of the motorway M6 between Bóly and the Croatian border (by 2020);
  • construction of the last section of motorway M3 between Vásárosnamény and the Ukrainian border (starting 2021).

Read more about Hungarian transportation infrastructure here

and more

Romania

Romanians are buying more face cosmetics. The sale of dermocosmetics grows, while the OTC (over-the-counter medicines) falls. As Romania Insider reports, in Q2’2017 the sales of dermocosmetics was up 25 per cent (reaching RON63.6m or EUR13.8m) q/q, while the OTC market dropped by 7 per cent but y/y the OTC market grew by 19.4 per cent.

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What’s up in indexes

BET (of Bucharest) decreased from 8,307.53 index points Tuesday, August 29th to 8,223.14 index points Wednesday, August 30th. It’s down 0.95 per cent d/d and up 17.11 per cent y/y.

BUX (of Budapest) increased from 37,639.62 index points Tuesday, August 29th to 37,904.00 index points Wednesday, August 30th. It’s up 0.70 per cent d/d and up 35.13 per cent y/y.

CROBEX (of Zagreb) decreased from 1,895.69 index points Tuesday, August 29th to 1,888.71 index points Wednesday, August 30th. It’s down 0.37 per cent and up 4.87 per cent y/y.

OMXR (of Riga) decreased from 1,014.28 index points Tuesday, August 29th to 1,008.94 index points Wednesday, August 30th. It’s down 0.53 per cent d/d and up 56.93 per cent y/y.

OMXT (of Tallinn) decreased from 1,275.68 index points Tuesday, August 29th to 1,272.50 index points Wednesday, August 30th. It’s down 0.25 per cent d/d and up 27.29 per cent y/y.

OMXV (of Vilnius) increased from 654.21 index points Tuesday, August 29th to 656.65 index points Wednesday, August 30th. It’s up 0.37 per cent d/d and up 22.42 per cent y/y.

PX (of Prague) increased from 1,021.30 index points Tuesday, August 29th to 1,028.87 index points Wednesday, August 30th. It’s up 0.74 per cent d/d and up 19.80 per cent y/y.

SAX (of Bratislava) increased from 328.58 index points Monday, August 28th to 333.92 index points Wednesday, August 30th. It’s up 1.63 per cent d/d and up 4.12 per cent y/y.

SOFIX (of Sofia) decreased from 711.13 index points Tuesday, August 29th to 706.54 index points Wednesday, August 30th. It’s down 0.65 per cent d/d and up 50.81 per cent y/y.

UX (of Kyiv) increased from 1,120.55 index points Tuesday, August 29th to 1,121.04 index points Wednesday, August 30th. It’s up 0.04 per cent d/d and up 58.53 per cent y/y.

WIG20 (of Warsaw) increased from 2,497.58 index points Tuesday, August 29th to 2,524.57 index points Wednesday, August 30th. It’s up 1.08 per cent d/d and up 40.39 per cent y/y.

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