Croatia will not change retirement age

Rijeka, Croatia (Slawomir Wawak, CC BY-SA 2.0)

EBRD investment in Ukraine exceeds USD1bn

Russia builds wind farm in Arctic Circle

Croatia

Croatia’s government has withdrawn from plans to increase the retirement age from 65 to 67. Trade unions asked people to demonstrate. More than 700,000 people signed a petition to call a referendum against increasing the retirement age. “That is not a political weakness of the government but a sign of maturity and courage,” Health Minister, Milan Kujundžić said.

Croatian government will soon propose amendments to the Labor Act so that people who want to work after the age of 65 are free to do so, HINA news agency informed.

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Ukraine

This year, investment of the European Bank for Reconstruction and Development (EBRD) exceeded USD1bn, EBRD Vice President Alain Pilloux informed and added that by the end of the year, the EBRD is going to invest even more.

“We work not only in Kyiv but in all the regions. We work with cities and with Ukrainian companies. We are not the people who are flying in from London or other places and look at Ukraine from the windows of five-star hotels,” Mr. Pilloux stressed.

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Russia

The Italian energy company, Enel SpA has started building the 201-MW Kolskaya wind farm in Russia, TASS news agency informed. Enel Green Power will invest EUR273m in the project, which is located in the region of Murmansk. The company said that this is currently the largest wind farm being built beyond the Arctic Circle.

The wind farm is expected to be fully operational by the end of 2021 and will generate an estimated 750 GWh of electricity per year. The plant will consist of 57 turbines.

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What’s up in indexes

BET (of Bucharest) increased from 9308.20 index points Wednesday, September 18th to 9356.06 index points Thursday, September 19th. It’s up 0.74 per cent d/d and up 12.8 per cent y/y.

BUX (of Budapest) decreased from 40930.00 index points Wednesday, September 18th to 40922.00 index points Thursday, September 19th. It’s down 0.02 per cent d/d and up 12.5 per cent y/y.

OMXR (of Riga) decreased from 1024.86 index points Wednesday, September 18th to 1024.46 index points Thursday, September 19th. It’s down 0.04 per cent d/d and up 4.16 per cent y/y.

OMXT (of Tallinn) decreased from 1233.77 index points Wednesday, September 18th to 1232.17 index points Thursday, September 19th. It’s down 0.13 per cent d/d and up 2.04 per cent y/y.

OMXV (of Vilnius) increased from 692.40 index points Wednesday, September 18th to 692.46 index points Thursday, September 19th. It’s up 0.01 per cent d/d and up 0.85 per cent y/y.

PX (of Prague) increased from 1050.02 index points Wednesday, September 18th to 1053.36 index points Thursday, September 19th. It’s up 0.32 per cent d/d and down 4.10 per cent y/y.

RTS (of Moscow) decreased from 1382.16 index points Wednesday, September 18th to 1378.06 index points Thursday, September 19th. It’s down 0.30 per cent d/d and up 21.5 per cent y/y.

SAX (of Bratislava) increased from 336.05 index points Wednesday, September 18th to 336.52 index points Thursday, September 19th. It’s up 0.14 per cent d/d and up 3.45 per cent y/y.

SOFIX (of Sofia) decreased from 580.60 index points Wednesday, September 18th to 578.90 index points Thursday, September 19th. It’s down 0.30 per cent d/d and down 7.76 per cent y/y.

UX (of Kyiv) closed at 1570.62 index points Thursday,  September 19th. It’s the same result as Wednesday’s. It’s 0 per cent change d/d and down 4.34 per cent y/y.

WIG20 (of Warsaw) decreased from 2205.02 index points Wednesday, September 18th to 2191.61 index points Thursday, September 19th. It’s down 0.61 per cent d/d and down 2.99 per cent y/y.

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