8th European Financial Congress started in Sopot, Poland

European Financial Congress, Sopot, Poland (http://www.efcongress.com/en)

Estonia and Moldova to run 10 more joint projects

Hungary to spend EUR12.4bn on infrastructure by 2022

Poland

“On the centenary – for an innovative and secure future of the financial sector” – this is the keynote of the 8th European Financial Congress (EFC) that started on June 18th in the city of Sopot (northern Poland). More than 1,000 participants and top polish economists, businessmen and bankers will discuss innovations in the finance sector, the Polish Radio reports.

During the second day of the EFC guests will deal with the question of fintech and finance sector in the digital era.

The European Financial Congress was set up in 2011 as “a platform for debating the issues of security, financial stability and economic growth in Europe, and for discussing measures to ensure a successful future for Poland and the European Union”.

Poland’s central bank, Narodowy Bank Polski, is one of the EFC partners.

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Estonia and Moldova

Estonia’s and Moldova’s officials talked about new cooperation projects. The Baltic Course reports that the countries have already run 18 joined projects and agreed to launch 10 new. The current projects are in the areas of “e-health, availability of healthcare, sexual health of young people, promotion of preventive work and rehabilitation education, support of women and young people in starting their businesses”.

Estonian Prime Minister Juri Ratas expressed his will to boost reforms in Moldova in the fields of finance, economy, healthcare, and pensions. He said “I remember very well how important support and encouragement was for Estonia when we were aspiring to become a member of the European Union. Although our aim was clear and our wish genuine, there were still those who doubted us. Therefore, we understand the situation of Moldova and support Moldova on its path to Europe”.

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Hungary

Hungarian government will spend HUF4 trillion (EUR12.4bn) on infrastructure by 2022. As reported, the new roads and railways will be developed to “strengthen Hungary’s position in logistics”.

The Budapest Business Journal quotes Hungary’s Minister of Foreign Affairs and Trade Peter Szijjártó, who informed that 900 km of high-speed roads will be built. The total investment of HUF2.5 trillion will be covered from the central budget (55 per cent) and from the European Union funds (45 per cent). HUF1 trillion will be spent on modernizing 900 km of railway tracks.

Mr. Szijjártó revealed that the prime ministers of the Visegrad Four group have agreed “to prepare the development of a high-speed railway link between Budapest, Bratislava, Brno, and Warsaw”.

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What’s up in indexes

BET (of Bucharest) decreased from 8,201.28 index points Friday, June 15th to 8,208.40 index points Monday, June 18th. It’s down 0.29 per cent d/d and down 2.42 per cent y/y.

BUX (of Budapest) decreased from 36,038.96 index points Friday, June 15th to 35,505.00 index points Monday, June 18th.  It’s down 1.48 per cent d/d and down 1.23 per cent y/y.

CROBEX (of Zagreb) decreased from 1,821.36 index points Friday, June 15th to 1,815.75 index points Monday, June 18th. It’s down 0.31 per cent d/d and down 0.56 per cent y/y.

OMXR (of Riga) increased from 1,041.28 index points Friday, June 15th to 1,050.18 index points Monday, June 18th. It’s up 0.85 per cent change d/d and up 12.23 per cent y/y.

OMXT (of Tallinn) increased from 1,270.40 index points Friday, June 15th to 1,271.43 index points Monday, June 18th. It’s up 0.08 per cent d/d and up 12.57 per cent y/y.

OMXV (of Vilnius) increased from 715.82 index points Friday, June 15th to 715.83 index points Monday, June 18th. It’s 0.00 per cent change d/d and up 20.56 per cent y/y.

PX (of Prague) decreased from 1,077.88 index points Friday, June 15th to 1,069.40 index points Monday, June 18th. It’s down 0.79 per cent d/d and up 6.51 per cent y/y.

SAX (of Bratislava) closed at 326.52 index points Monday, June 18th. It’s the same result as Friday’s. It’s 0 per cent change d/d and up 5.76 per cent y/y.

SOFIX (of Sofia) increased from 627.90 index points Friday, June 15th to 630.77 index points Monday, June 18th. It’s up 0.46 per cent d/d and down 8.05 per cent y/y.

UX (of Kyiv) closed at 1,620.50 index points Monday, June 18th. It’s 0 per cent change d/d and up 56.07 per cent y/y.

WIG20 (of Warsaw) decreased from 2,203.01 index points Friday, June 15th to 2,150.98 index points Monday, June 18th. It’s down 2.36 per cent d/d and down 7.85 per cent y/y.

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