Bulgarian and Romanian migration to the UK highest ever

Bulgarians and Romanians in London, UK (DAVID HOLT, CC BY-SA)

Poland’s President signed the Constitution for Business

Nord Stream2: Offshore pipelaying contract

Bulgaria and Romania

Due to Brexit immigration to the UK drops but the number of Romanian and Bulgarian migrating to the Great Britain increases. The Balkan Insight reports, after the Office for National Statistics (ONS), that an overall annual net migration to the UK by September 2016 was 273,000 people. The number dropped by 49,000 y/y. At the same time, some 74,000 Bulgarians and Romanians migrated to the UK in the first nine months of 2016. It’s 19,000 more than in the same period of 2015 and it’s the highest number ever.

The portal also quotes Nicola White from the ONS, saying that the “number of Eastern Europeans who had decided to leave the UK by September 2016 is significant.” Mr. White claims that 39,000 people from Poland, Slovakia, Lithuania, Czech Republic, Hungary and Estonia left Great Britain in the observed period.

There were 170,000 Romanians and 65,000 Bulgarians in the UK before the Brexit vote.

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Poland

Poland’s President Andrzej Duda signed a bill “Constitution for business”. It is a set of amendments that should improve business environment in Poland. Mr. Duda said the changes “have been introduced to protect the interests of micro, small, and medium-sized companies, which account for 99.8 per cent of all businesses in Poland”.

Poland ranks as 24th in the World Bank’s Doing Business 2017 ranking.

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and more.

Russia – Germany – Ukraine

Allseas Group SA, an international contractor in an offshore pipeline installation, has won a contract for offshore pipelay of the Nord Stream 2. Baltic Course claims it is a “further important milestone” for the Russian-German project.

Allseas will undertake offshore pipelay works for both Nord Stream 2 lines in 2018 and 2019, and it will use three pipelaying vessels. One of those vessels, Solitaire, had been previously used to construct parts of the Nord Stream pipeline in the Gulf of Finland.

Nord Stream 2 is planned to be 1,200 km long, and it will run parallel to its predecessor Nord Stream, under the Baltic Sea. It’s capacity will reach 55 billion cubic meters. The Baltic Course points out the whole project is “proceeding as planned”, and by the end of Q1’2017 480 km of pipes will be produced.

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and more

What’s up in indexes

BET (of Bucharest) increased from 8,035.25 index points Wednesday, February 22nd to 8,045.01 index points Thursday, February 23rd. It was up 0.16 per cent d/d and up 26.17 per cent y/y.

BUX (of Budapest) decreased from 34,112.89 index points Wednesday, February 22nd to 33,548.54 index points Thursday, February 23rd. It was down 1.65 per cent d/d and up 44.78 per cent y/y.

CROBEX (of Zagreb) increased from 2,234.26 index points Wednesday, February 22nd to 2,246.34 index points Thursday, February 23rd. It was up 0.54 per cent d/d and up 42.56 per cent y/y.

OMXR (of Riga) decreased from 747.44 index points Wednesday, February 22nd to 745.63 index points Thursday, February 23rd. It was down 0.24 per cent d/d and up 21.76 per cent y/y.

OMXT (of Tallinn) increased from 1,111.50 index points Wednesday, February 22nd to 1,112.23 index points Thursday, February 23rd. It was up 0.07 per cent d/d and up 21.48 per cent y/y.

OMXV (of Vilnius) decreased from 560.28 index points Wednesday, February 22nd to 559.90 index points Thursday, February 23rd. It was down 0.07 per cent d/d and up 16.13 per cent y/y.

PX (of Prague) decreased from 972.72 index points Wednesday, February 22nd to 972.20 index points Thursday, February 23rd. It was down 0.05 per cent d/d and up 10.58 per cent y/y.

SAX (of Bratislava) increased from 306.60 index points Wednesday, February 22nd to 307.73 index points Thursday, February 23rd. It was up 0.37 per cent d/d and down 3.31 per cent y/y.

SOFIX (of Sofia) decreased from 610.35 index points Wednesday, February 22nd to 606.57 index points Thursday, February 23rd. It was down 0.62 per cent d/d and up 35.73 per cent y/y.

UX (of Kyiv) increased from 918.80 index points Wednesday, February 22nd to 933.80 index points Thursday, February 23rd. It was up 1.63 per cent d/d and up 47.99 per cent y/y.

WIG20 (of Warsaw) increased from 2,251.02 index points Wednesday, February 22nd to 2,256.01 index points Thursday, February 23rd. It was up 0.22 per cent d/d and up 22.28 per cent y/y.

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