CSE countries celebrate 15 years in the EU

Together for Europe, Warsaw, Poland (Krystian Maj/KPRM, Public domain)

New Land Rover Defender to be built in Slovakia

Romania’s UiPath reaches USD7bn valuation

Poland

Polish Prime Minister Mateusz Morawiecki hosted “Together for Europe. High Level Summit” at Warsaw’s Royal Castle. The event was attended by leaders of the states which joined the EU alongside Poland on May 1st, 2004 and during subsequent EU enlargement — Bulgaria, Cyprus, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Romania, Slovakia, Slovenia and also the Vice-President of the European Commission, Jyrki Katainen.

“The goal of the meeting is a summary of our 15 years in the EU, discussion over the situation in our region, and a preparation for the European summit in Romania, which starts next week,” Michał Dworczyk, prime minister’s chief of staff said. Representatives signed declaration which says members should take decisions jointly and in the spirit of good cooperation.

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Slovakia

Jaguar Land Rover will assemble its new Defender model in Slovakia, the company, which is a subsidiary of Indian automotive Tata Motors, announced. It is the second Land Rover model to be built in JLR’s Slovakian plant. Production of the Land Rover Discovery model was recently moved from UK to Nitra, Slovakia, which opened last October, following an investment of EUR1.4bn.

The new Defender will be revealed at the Frankfurt Motor Show later in 2019, and is due to go on sale in 2020.

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Romania

UiPath raised USD568m in Series D investment round and is evaluated at USD7bn, the representatives of UiPath informed. According to Romania Insider UiPath has become the most valuable company in the country.

Founded in Bucharest in 2005 UiPath began as a software outsourcing startup called Deskover that built automation libraries and SDKs for major companies, including Microsoft and Google. In 2015, Deskover changed its name to UiPath, in 2017 moved its headquarters to New York City, though its main development hub remains in the Romanian capital.

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What’s up in indexes

BET (of Bucharest) increased from 8422.33 index points Thursday, April 25th to 8462.25 index points Tuesday, April 30th. It’s up 0.55 per cent d/d and down 2.88 per cent y/y.

BUX (of Budapest) increased from 42470.00 index points Monday, April 29th to 42520.11 index points Tuesday, April 30th. It’s up 0.12 per cent d/d and up 12.0 per cent y/y.

OMXR (of Riga) increased from 1026.19 index points Monday, April 29th to 1026.53 index points Tuesday, April 30th. It’s up 0.03 per cent d/d and down 8.19 per cent y/y.

OMXT (of Tallinn) increased from 1256.82 index points Monday, April 29th to 1257.38 index points Tuesday, April 30th. It’s up 0.04 per cent d/d and up 0.34 per cent y/y.

OMXV (of Vilnius) increased from 678.38 index points Monday, April 29th to 682.71 index points Tuesday, April 30th. It’s up 0.64 per cent d/d and down 3.12 per cent y/y.

PX (of Prague) decreased from 1070.23 index points Monday, April 29th to 1068.72 index points Tuesday, April 30th. It’s down 0.14 per cent d/d and down 4.23 per cent y/y.

RTS (of Moscow) decreased from 1254.96 index points Monday, April 29th to 1248.39 index points Tuesday, April 30th. It’s down 0.52 per cent d/d and up 8.18 per cent y/y.

SAX (of Bratislava) closed at 358.96 index points Tuesday, April 30th. It’s the same result as Monday’s. It’s 0 per cent change d/d and up 8.72 per cent y/y.

SOFIX (of Sofia) increased from 537.77 index points Thursday, April 25th to 575.06 index points Tuesday, April 30th. It’s up 0.22 per cent d/d and down 12.62 per cent y/y.

UX (of Kyiv) closed at 1692.44 index points Tuesday, April 30th. It’s the same result as Thursday’s. It’s 0 per cent change d/d and down 5.55 per cent y/y.

WIG20 (of Warsaw) decreased from 2368.08 index points Monday, April 29t to 2334.21 index points Tuesday, April 30th. It’s down 1.43 per cent d/d and up 1.85 per cent y/y.

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