Budget talks during the V4+4 summit in Budapest

V4+4 meeting, Budapest, Hungary (Hungarian Presidency of V4, Public domain)

Slovakia forbids mining uranium near Košice  

Bulgarians purchased 1,300 alternative fuel vehicles in 2017

Visegrad Group

The representatives of Hungary, Poland, Slovakia, the Czech Republic, Croatia, Slovenia, Bulgaria and Romania expressed their openness to the idea of raising their contributions to the EU budget to 1.1 per cent of their gross national income, the Budapest Business Journal informs.

The V4+4 meeting took place in Budapest on February 2nd. Eight countries discussed plans for the EU’s post-2020 budget. Günther Oettinger, European Commissioner for Budget and Human Resources, attended the meeting.

The portal quotes János Lázár, heading the Hungarian Prime Minister’s Office, saying that Europe still needed a cohesion policy, balancing out the developmental differences between member states. As reported, the participants of the summit agreed that they need a strong, competitive and secure Europe. They are ready to increase funding to respond to new challenges.

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Slovakia

Uranium cannot be mined in the Košice Region, Slovakia. The Slovak Spectator informs that the Supreme Court upheld the decision of the Environment Ministry of Slovakia that didn’t extend a permit for a geological works at the site Čermeľ-Jahodná.

The company that conducted a geological survey in the region is called Ludovika Energy. The company acquired the original permit in 2005 and by now invested more than EUR22m in the project. When the permit expired, the company applied for an extension. The Environment Ministry didn’t agree after protests. The Supreme Court decided that the company failed to prove that the 10-year deadline was “objectively insufficient to conclude a geological survey”.

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Bulgaria

Novinite.com reports that about 1,300 vehicles powered by an alternative fuel – namely electric plus hybrid cars – were sold in 2017 in Bulgaria. To be precise, 105 were cars powered by electricity and 1,195 units were hybrid machines combined with an electric drive.

The data from the Association of European Automobile Manufacturers (ACEA) shows a sharp growth in sale of eco-cars. According to the ACEA, in 2016 Bulgarians bought 590 electric and hybrid cars. So it’s up 120 per cent y/y.

Regarding the whole European Union – in 2017 the number of purchased cars with alternative propulsion exceeded 850,000.

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What’s up in indexes

BET (of Bucharest) decreased from 8,318.61 index points Thursday, February 1st to 8,243.25 index points Friday, February 2nd. It’s down 0.98 per cent d/d and up 10.30 per cent y/y.

BUX (of Budapest) decreased from 40,238.27 index points Thursday, February 1st to 39,951.46 index points Friday, February 2nd. It’s down 0.71 per cent d/d and up 22.64 per cent y/y.

CROBEX (of Zagreb) increased from 1,875.91 index points Thursday, February 1st to 1,877.70 index points Friday, February 2nd. It’s down 0.10 per cent d/d and down 11.32 per cent y/y.

OMXR (of Riga) decreased from 1,040.09 index points Thursday, February 1st to 1,020.82 index points Friday, February 2nd. It’s down 1.85 per cent d/d and up 36.06 per cent y/y.

OMXT (of Tallinn) increased from 1,287.36 index points Thursday, February 1st to 1,297.51 index points Friday, February 2nd. It’s up 0.79 per cent d/d and up 17.40 per cent y/y.

OMXV (of Vilnius) decreased from 687.61 index points Thursday, February 1st to 686.50 index points Friday, February 2nd. It’s down 0.16 per cent d/d and up 21.45 per cent y/y.

PX (of Prague) decreased from 1,140.01 index points Thursday, February 1st to 1,129.10 index points Friday, February 2nd. It’s down 0.96 per cent d/d and up 20.00 per cent y/y.

SAX (of Bratislava) increased from 347.69 index points Thursday, February 1st to 348.13 index points Friday, February 2nd.  It’s up 0.13 per cent d/d and up 13.62 per cent y/y.

SOFIX (of Sofia) increased from 711.82 index points Thursday, February 1st to 719.71 index points Friday, February 2nd. It’s up 1.11 per cent d/d and up 20.35 per cent y/y.

UX (of Kyiv) increased from 1,487.46 index points Thursday, February 1st to 1,491.68 index points Friday, February 2nd. It’s up 0.28 per cent d/d and up 73.44 per cent y/y.

WIG20 (of Warsaw) decreased from 2,534.21 index points Thursday, February 1st to 2,507.24 index points Friday, February 2nd. It’s down 1.06 per cent d/d and up 21.41 per cent y/y.

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