Coca-Cola to invest over EUR110m in Poland

Coca Cola factory in Staniątki, Poland (Coca Cola HBC Polska, Public domain)

Russia bans exports of fuels to Ukraine

Croatian government discusses national reform program

Poland

Beverage producer Coca-Cola plans to invest over PLN500m (EUR117m) in expanding its operations in Poland till 2020, Jaak Mikkel, the president of Coca-Cola HBC Poland, informed. The company is planning new investments in its plant in Staniątki in the Małopolska region. “Poland is one of the key markets of the Coca-Cola Hellenic Group, one of the largest bottlers of the Coca-Cola Company in the world,” Mr. Mikkel added.

According to company’s press release, in the years 2012-2016 the value of Coca-Cola’s investments in Poland amounted to PLN435m (EUR100m).

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Russia and Ukraine

Russian Prime Minister Dmitry Medvedev informed he had signed a resolution “banning the export of Russian crude oil and petroleum products to Ukraine”, Tass News Agency reports. The resolution also lists products that can be exported to Ukraine only on the basis of separate decisions from June 1st, 2019.

“A few days ago the Ukrainian Cabinet of Ministers took the latest unfriendly step with respect to our country and expanded the list of Russian goods which cannot be imported to Ukrainian territory. In these conditions we are forced to protect our interests and take response measures,” Mr. Medvedev said at a meeting of the Russian cabinet.

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Croatia

The Croatian government presented the national reform program and convergence plan till 2020. The program sets out three main goals — strengthening the competitiveness of the economy, connecting the education system with the labor market and ensuring the sustainability of public finances — which should be achieved by implementing 30 economic policy measures divided into 10 reform priorities and 100 activities.

“Investment growth is a priority, new investment incentives will be introduced,” Deputy Prime Minister for Economy and Minister of Agriculture Tomislav Tolušić announced.

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What’s up in indexes

BET (of Bucharest) increased from 8245.08 index points Wednesday, April 17th to 8274.21 index points Thursday, April 18th. It’s up 0.15 per cent d/d and down 7.38 per cent y/y.

BUX (of Budapest) decreased from 43005.00 index points Wednesday, April 17th to 42810.00 index points Thursday, April 18th. It’s down 0.45 per cent d/d and up 10.4 per cent y/y.

OMXR (of Riga) increased from 1016.33 index points Wednesday, April 17th to 1016.51 index points Thursday, April 18th. It’s up 0.02 per cent d/d and down 3.59 per cent y/y.

OMXT (of Tallinn) increased from 1250.32 index points Wednesday, April 17th to 1251.08 index points Thursday, April 18th. It’s up 0.06 per cent d/d and down 0.82 per cent y/y.

OMXV (of Vilnius) decreased from 676.24 index points Wednesday, April 17th to 675.48 index points Thursday, April 18th. It’s down 0.11 per cent d/d and down 3.86 per cent y/y.

PX (of Prague) increased from 1096.97 index points Wednesday, April 17th to 1101.67 index points Thursday, April 18th. It’s up 0.43 per cent d/d and down 2.42 per cent y/y.

RTS (of Moscow) decreased from 1265.51 index points Wednesday, April 17th to 1262.28 index points Thursday, April 18th. It’s down 0.26 per cent d/d and up 9.33 per cent y/y.

SAX (of Bratislava) increased from 348.63 index points Wednesday, April 17th to 350.99 index points Thursday, April 18th. It’s up 0.68 per cent d/d and up 4.00 per cent y/y.

SOFIX (of Sofia) decreased from 575.50 index points Wednesday, April 17th to 575.20 index points Thursday, April 18th. It’s down 0.05 per cent d/d and down 12.91 per cent y/y.

UX (of Kyiv) closed at 1689.38 index points Thursday, April 18th. It’s the same result as Wednesday’s. It’s 0 per cent change d/d and down 6.60 per cent y/y.

WIG20 (of Warsaw) decreased from 2378.31 index points Wednesday, April 17th to 2365.36 index points Thursday, April 18th. It’s down 0.54 per cent d/d and up 2.15 per cent y/y.

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