Czech 2020 budget to focus on wages and innovation

Czech government building, Prague (Packa, CC BY-SA 3.0)

Russia is interested in Slovenian NPP

Estonian tech companies to become climate neutral

Czech Republic

The Czech government has approved the state budget for 2020, with increases in pensions, teachers wages, parental benefits and higher spending on research and development.

The 2020 budget’s mandatory expenditures reach EUR34bn, with EUR1.8bn on R&D and innovation. Teachers salaries will increase by 10 per cent, while expenditure on pensions will reach EUR19,6bn. There will also be an increase in defense spending, set to reach 1.5 per cent of GDP by 2022.

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Slovenia

Investors from Russia are interested in the potential construction of a second unit at Slovenia’s Krsko NPP, PM Marjan Sarec announced. Mr. Sarec, who paid an official visit to Moscow earlier this month, discussed with Russian PM Dmitry Medvedev the opportunities to invest in Slovenian infrastructure and energy projects, including a second unit at Krsko, STA news agency reported.

Krsko NPP is a joint venture between Slovenia’s state-owned energy group Gen Energija and Croatian national power company Hrvatska Elektroprivreda (HEP).

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Estonia

At the Tallinn Digital Summit, 33 Estonian technology companies signed a “green pledge”, promising to make their operations completely environmentally sustainable by 2030.

“With the Green Pledge, the Estonian technology sector is prioritizing the environment as an integral part of their business. More specific targets and an action plan to complement the pledge will be compiled by the end of 2019,” they said in a statement.

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What’s up in indexes

BET (of Bucharest) increased from 9284.91 index points Monday, September 16th to 9299.80 index points Tuesday, September 17th. It’s up 0.02 per cent d/d and up 13.8 per cent y/y.

BUX (of Budapest) decreased from 40820.00 index points Monday, September 16th to 40597.00 index points Tuesday, September 17th. It’s down 0.55 per cent d/d and up 13.3 per cent y/y.

OMXR (of Riga) decreased from 1027.68 index points Monday, September 16th to 1024.43 index points Tuesday, September 17th. It’s down 0.32 per cent d/d and up 6.1 per cent y/y.

OMXT (of Tallinn) decreased from 1231.93 index points Monday, September 16th to 1229.79 index points Tuesday, September 17th. It’s down 0.17 per cent d/d and up 1.49 per cent y/y.

OMXV (of Vilnius) increased from 689.12 index points Monday, September 16th to 690.54 index points Tuesday, September 17th. It’s up 0.21 per cent d/d and up 0.43 per cent y/y.

PX (of Prague) decreased from 1060.83 index points Monday, September 16th to 1047.51 index points Tuesday, September 17th. It’s down 1.26 per cent d/d and down 4.08 per cent y/y.

RTS (of Moscow) decreased from 1396.09 index points Monday, September 16th to 1381.50 index points Tuesday, September 17th. It’s down 1.05 per cent d/d and up 25.6 per cent y/y.

SAX (of Bratislava) decreased from 347.72 index points Monday, September 16th to 338.15 index points Tuesday, September 17th. It’s down 2.19 per cent d/d and up 1.63 per cent y/y.

SOFIX (of Sofia) decreased from 580.00 index points Monday, September 16th to 578.90 index points Tuesday, September 17th. It’s down 0.19 per cent d/d and down 7.79 per cent y/y.

UX (of Kyiv) closed at 1561.74 index points Tuesday, September 17th. It’s the same result as Monday’s. It’s 0 per cent change d/d and down 4.97 per cent y/y.

WIG20 (of Warsaw) decreased from 2217.84 index points Monday, September 16th to 2192.71 index points Tuesday, September 17th. It’s up 1.13 per cent d/d and down 0.83 per cent y/y.

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