Bulgaria signs EUR1.1bn gas pipeline construction deal

(TurkStream, Public domain)

Hungary to set up fund for healthcare research

Turkey starts building EUR15m car factory in Serbia

Bulgaria

Bulgaria’s state-owned gas company, Bulgartransgaz signed a EUR1.1bn contract with Saudi-led group Arkad to build a the TurkStream pipeline extension to carry mainly Russian natural gas, BTA news agency informed.

Bulgaria will build the 474km pipeline linking its southern border with Turkey to its western border with Serbia, to secure a link to Serbia, Hungary and Austria. Russia, which is building the TurkStream to bypass Ukraine to the south, said in July that its second leg, with an annual capacity of 15.75 billion cubic meters will pass via Bulgaria to CSE.

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Hungary

Hungarian government announced plans to set up an independent fund for R&D in medicine, health science and healthcare, MTI news agency informed. “The fund will start operating from 2021,” Innovation and Technology Minister László Palkovics said.

Mr. Palkovics also announced the establishment of a Council of University Clinics by the four medical schools and the Innovation and Technology Ministry.

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Serbia

Turkish car parts maker, Feka Automotive has started the construction of a EUR15m factory in Cuprija, in central Serbia, the Cuprija city government said. Feka Automotive plans to hire 110 workers during the first phase of the development, and 550 in the future.

Feka Automotive is a family company that has been producing parts and components for the automotive industry for the last 30 years, primarily light signals, vehicle interior lights, mirrors and water tanks.

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What’s up in indexes

BET (of Bucharest) increased from 9299.80 index points Tuesday, September 17th to 9308.20 index points Wednesday, September 18th. It’s up 0.32 per cent d/d and up 12.3 per cent y/y.

BUX (of Budapest) increased from 40597.00 index points Tuesday, September 17th to 40930.00 index points Wednesday, September 18th. It’s up 0.82 per cent d/d and up 13.3 per cent y/y.

OMXR (of Riga) increased from 1024.43 index points Tuesday, September 17th to 1024.86 index points Wednesday, September 18th. It’s up 0.04 per cent d/d and up 3.62 per cent y/y.

OMXT (of Tallinn) increased from 1229.79 index points Tuesday, September 17th to 1233.77 index points Wednesday, September 18th. It’s up 0.32 per cent d/d and up 1.74 per cent y/y.

OMXV (of Vilnius) increased from 690.54 index points Tuesday, September 17th to 692.40 index points Wednesday, September 18th. It’s up 0.27 per cent d/d and up 0.57 per cent y/y.

PX (of Prague) increased from 1047.51 index points Tuesday, September 17th to 1050.02 index points Wednesday, September 18th. It’s up 0.24 per cent d/d and down 3.81 per cent y/y.

RTS (of Moscow) increased from 1381.50 index points Tuesday, September 17th to 1382.16 index points Wednesday, September 18th. It’s up 0.05 per cent d/d and up 23.1 per cent y/y.

SAX (of Bratislava) decreased from 338.15 index points Tuesday, September 17th to 336.05 index points Wednesday, September 18th. It’s down 0.28 per cent d/d and up 0.85 per cent y/y.

SOFIX (of Sofia) increased from 578.90 index points Tuesday, September 17th to 580.60 index points Wednesday, September 18th. It’s up 0.28 per cent d/d and down 7.82 per cent y/y.

UX (of Kyiv) increased from 1561.74 index points Tuesday, September 17th to 1570.62 index points Wednesday, September 18th. It’s up 0.57 per cent d/d and down 4.07 per cent y/y.

WIG20 (of Warsaw) increased from 2192.71 index points Tuesday, September 17th to 2205.02 index points Wednesday, September 18th. It’s up 0.56 per cent d/d and down 1.17 per cent y/y.

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