Bulgarian economist a new head of IMF

Kristalina Georgieva (World Bank, CC BY-NC-ND 2.0)

Poland opened its first coal mine since 1994

Prosecutors freeze assets of Air Moldova

Bulgaria

Bulgarian economist Kristalina Georgieva has been selected as the new managing director of the International Monetary Fund. Previously she was a chief executive of the World Bank. Ms. Georgieva was also commissioner in charge of the EU budget.

When chosen by the IMF board she described herself as “a firm believer in its mandate to help ensure the stability of the global economic and financial system through international co-operation”, according to BBC. For her the IMF’s long-term aim is to support sound monetary, fiscal and structural policies to build stronger economies and improve people’s lives.

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Poland

Poland opened its first coal mine in 25 years in southern part of the country. Poland’s Prime Minister Mateusz Morawiecki said the new facility will build up the strength of the Polish industry. The mine was built by a Polish mining holding, JSW, the biggest producer of coking coal in the EU.

The mine is expected to start extraction of coking coal in 2022. Local deposits of the resource are estimated at some 180 million tons.

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Moldova

Prosecutors of Moldova’s National Anticorruption Centre (CNA) have seized MDL300m (EUR150,000) worth of assets of Air Moldova and the limited liability company Civil Aviation Group that purchased Moldova’s flag carrier, in connection to money laundering investigations, according to CNA press release.

“We are talking about a series of fictitious transactions that led to the privatization of the airline,” the CNA said.

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What’s up in indexes

BET (of Bucharest) increased from 9528.44 index points Tuesday, September 24th to 9499.85 index points Wednesday, September 25th. It’s up 0.17 per cent d/d and up 13.4 per cent y/y.

BUX (of Budapest) decreased from 40848.00 index points Tuesday, September 24th to 40554.00 index points Wednesday, September 25th. It’s down 0.72 per cent d/d and up 13.1 per cent y/y.

OMXR (of Riga) increased from 1027.23 index points Tuesday, September 24th to 1027.76 index points Wednesday, September 25th. It’s up 0.05 per cent d/d and up 4.78 per cent y/y.

OMXT (of Tallinn) decreased from 1235.47 index points Tuesday, September 24th to 1232.05 index points Wednesday, September 25th. It’s down 0.28 per cent d/d and up 1.42 per cent y/y.

OMXV (of Vilnius) decreased from 688.36 index points Tuesday, September 24th to 687.53 index points Wednesday, September 25th. It’s down 0.12 per cent d/d and down 0.17 per cent y/y.

PX (of Prague) decreased from 1047.57 index points Tuesday, September 24th to 1031.06 index points Wednesday, September 25th. It’s down 1.58 per cent d/d and down 6.80 per cent y/y.

RTS (of Moscow) decreased from 1358.80 index points Tuesday, September 24th to 1354.01 index points Wednesday, September 25th. It’s down 0.35 per cent d/d and up 15.8 per cent y/y.

SAX (of Bratislava) increased from 338.30 index points Tuesday, September 24th to 339.24 index points Wednesday, September 25th. It’s up 0.28 per cent d/d and up 3.40 per cent y/y.

SOFIX (of Sofia) increased from 572.00 index points Tuesday, September 24th to 573.60 index points Wednesday, September 25th. It’s up 0.24 per cent d/d and down 8.01 per cent y/y.

UX (of Kyiv) closed at 1539.79 index points Wednesday,  September 25th. It’s the same result as Tuesday’s. It’s 0 per cent change d/d and down 5.78 per cent y/y.

WIG20 (of Warsaw) decreased from 2175.24 index points Tuesday, September 24th to 2159.68 index points Wednesday, September 25th. It’s down 0.72 per cent d/d and down 5.70 per cent y/y.

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