Czech Film Fund attracts foreign investors

Prague, Czech Republic (romanboed, CC BY)

Germany to invest EUR110m in Lithuanian military infrastructure

Bulgaria greenlights TurkStream pipeline construction

Czech Republic

In 2018, Czech cinema enjoyed international successes of both feature films and documentaries, with the Czech Film Fund effectively supporting the development of coproduction with international film crews shooting on Czech locations, informed Radio Prague.

In 2018, foreign filmmakers and TV crews spent nearly CZK5bn (EUR194.5m), an increase of nearly CZK2bn y/y. Czech Republic offers 20 per cent rebate on qualifying expenses by Czech filmmakers and up to 10 per cent rebate on qualifying international expenses (calculated as 66 per cent rebate on withholding tax paid by international casts and crews).

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Lithuania

“Germany will invest a total of EUR110m until 2021 to improve military bases in Lithuania,” Germany’s Defense Minister Ursula von der Leyen announced. Berlin will invest EUR50m in a joint barracks shared by NATO forces and also will allocate money for the upgrade of the military training area in Pabrade.

Germany leads a NATO force of 1,200 soldiers from 10 countries sent to Lithuania two years ago. It is a part of NATO’s effort to strengthen security along eastern Europe’s borders with Russia, after the annexation of the Crimea.

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Bulgaria

The Bulgarian company, Bulgartransgaz has decided to invest in the TurkStream gas pipeline, as Serbian state news agency Tanjug reported. The pipeline will transport Russian gas from Bulgaria’s border with Turkey to Serbia.

The SeeNews portal informed that the value of the project is EUR1.4bn. “Transit fees from the new gas pipeline would exceed EUR184m a year,” Bulgaria’s energy minister Temenuzhka Petkova told Bulgarian daily Dnevnik. According to Serbia’s President Aleksandar Vučić the construction of TurkStream would start in the next couple of weeks.

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What’s up in indexes

BET (of Bucharest) increased from 7245.07 index points Monday, February 4th to 7394.31 index points Tuesday, February 5th. It’s up 1.32 per cent d/d and down 9.62 per cent y/y.

BUX (of Budapest) decreased from 40857.00 index points Monday, February 4th to 40474.00 index points Tuesday, February 5th. It’s down 0.94 per cent d/d and up 1.77 per cent y/y.

CROBEX (of Zagreb) increased from 1,761.03 index points Monday, February 4th to 1,769.76 index points Tuesday, February 5th. It’s up 0.50 per cent d/d and down 3.92 per cent y/y.

OMXR (of Riga) increased from 1000.86 index points Monday, February 4th to 1002.51 index points Tuesday, February 5th. It’s up 0.16 per cent d/d and down 1.61 per cent y/y.

OMXT (of Tallinn) decreased from 1237.46 index points Monday, February 4th to 1232.86 index points Tuesday, February 5th. It’s down 0.37 per cent d/d and down 4.44 per cent y/y.

OMXV (of Vilnius) increased from 646.72 index points Monday, February 4th to 646.36 index points Tuesday, February 5th. It’s up 0.10 per cent d/d and down 4.35 per cent y/y.

PX (of Prague) increased from 1052.05 index points Monday, February 4th to 1060.03 index points Tuesday, February 5th. It’s up 0.76 per cent d/d and down 5.55 per cent y/y.

SAX (of Bratislava) decreased from 335.97 index points Monday, February 4th to 335.58 index points Tuesday, February 5th. It’s down 0.12 per cent d/d and down 3.48 per cent y/y.

SOFIX (of Sofia) increased from 578.00 index points Monday, February 4th to 579.00 index points Tuesday, February 5th. It’s up 0.10 per cent d/d and down 19.15 per cent y/y.

UX (of Kyiv) closed at 1,710.65 index points Tuesday, February 5th. It’s the same result as Monday’s. It’s 0 per cent change d/d and up 14.39 per cent y/y.

WIG20 (of Warsaw) increased from 2390.46 index points Monday, February 4th to 2409.32 index points Tuesday, February 5th. It’s up 0.79 per cent d/d and down 3.86 per cent y/y.

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