Audi announces EUR126m investment in Hungary

Audi plan in Győr, Hungary (AUDI AG, CC BY-NC-SA 2.0)

Poland launches EUR235m photovoltaic program

Japan and Chinese companies to invest in Russian Arctic LNG-2 project

Hungary

German vehicle producer Audi announced investment of EUR126m and expanding its plant infrastructure, engine development center and electric motor unit in Hungary. “Government is supporting the investment, which will create 250 jobs, with a HUF6.4bn (EUR20m) grant,” Foreign Minister Péter Szijjártó said. Audi Hungaria chairman Achim Heinfling informed that the investment project will be completed by the end of 2020.

Since 1993 Audi has invested a total of over EUR8bn in Hungary. The German car maker is country’s largest foreign investor, one of its largest manufacturing companies and exporters.

Read more

Poland

Poland’s Ministry of Energy today launched residential photovoltaic program with a total budget of EUR235m. According to the Polish government the program will grant PV systems a maximum of PLN5,000 (EUR1,100) per project and will be available only for residential projects ranging from 2 kW to 10 kW in capacity.

The Minister of Energy, Krzysztof Tchórzewski, said the number of prosumers relying on small-sized rooftop PV, which was around 65,000 by the end of last year, may increase by additional 200,000 thanks to this program.

Read more

Russia

Russian natural gas producer, Novatek said it had completed the sale of its stakes in Arctic LNG-2 project to two Chinese companies and a consortium of two Japanese companies. The Arctic LNG 2 project consists constructing three LNG trains at 6.6 million tons per annum each, using gravity-based structure (GBS) platforms.

The project is based on the hydrocarbon resources of the Utrenneye field. Under the Russian classification reserves of the field totaled 1,978 billion cubic meters of natural gas and 105 million tons of liquids.

Read more

and more

What’s up in indexes

BET (of Bucharest) increased from 9050.38 index points Monday, July 22nd to 9062.06 index points Tuesday, July 23rd. It’s up 0.20 per cent d/d and up 14.0 per cent y/y.

BUX (of Budapest) decreased from 41338.00 index points Monday, July 22nd to 41367.00 index points Tuesday, July 23rd. It’s up 0.07 per cent d/d and up 17.7 per cent y/y.

OMXR (of Riga) increased from 1025.79 index points Monday, July 22nd to 1032.60 index points Tuesday, July 23rd. It’s up 0.66 per cent d/d and up 1.53 per cent y/y.

OMXT (of Tallinn) decreased from 1267.01 index points Monday, July 22nd to 1264.74 index points Tuesday, July 23rd. It’s down 0.18 per cent d/d and up 0.30 per cent y/y.

OMXV (of Vilnius) increased from 687.21 index points Monday, July 22nd to 687.62 index points Tuesday, July 23rd. It’s up 0.06 per cent d/d and down 3.70 per cent y/y.

PX (of Prague) increased from 1069.58 index points Monday, July 22nd to 1071.22 index points Tuesday, July 23rd. It’s up 0.15 per cent d/d and down 1.52 per cent y/y.

RTS (of Moscow) increased from 1341.17 index points Monday, July 22nd to 1345.48 index points Tuesday, July 23rd. It’s up 0.32 per cent d/d and up 19.1 per cent y/y.

SAX (of Bratislava) increased from 338.92 index points Monday, July 22nd to 341.99 index points Tuesday, July 23rd. It’s up 0.91 per cent d/d and up 3.51 per cent y/y.

SOFIX (of Sofia) decreased from 579.40 index points Monday, July 22nd to 579.10 index points Tuesday, July 23rd. It’s down 0.06 per cent d/d and down 8.57 per cent y/y.

UX (of Kyiv) increased from 1587.99 index points Monday, July 22nd to 1597.37 index points Tuesday, July 23rd. It’s up 0.59 per cent d/d and down 0.79 per cent y/y.

WIG20 (of Warsaw) decreased from 2342.51 index points Monday, July 22nd to 2335.86 index points Tuesday, July 23rd. It’s down 0.28 per cent d/d and up 5.96 per cent y/y.

Share this post

TOP