Czech government will decide how to finance new nuclear reactors

The Dukovany Nuclear Power Plant (IAEA Imagebank, CC BY-SA)

Slovakia: real estate prices in Nitra increased

Bulgaria: Sofia-based EIG will acquire Georgian insurer

Czech Republic

Czech government will decide on the means of financing new nuclear reactors by the end of 2018 — Radio Praha informs. The Radio quotes Trade and Industry Minister Marta Nováková saying that three options are on the table: “creating a new subsidiary of ČEZ with Dukovany and Temelin assets, opening the door to a foreign investor, and splitting ČEZ to transfer its nuclear plants to a state-owned company.”

As reported, ČEZ was supposed to “play a significant role”, since the country’s top nuclear experts work there.

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Slovakia

Real estate prices skyrocketed in Nitra — the Slovak Spectator informs. This is due to the decision of the British carmaker Jaguar Land Lover (JLR) to build a brand new plant near the city.

In the period 2016-2017 the prices of apartments in Nitra and its vicinity increased by 20-30 per cent. The price of a one-room apartment increased from EUR35,000 to almost EUR70,000. The price of land reached EUR80-120 per square meter.

At the same time the portal points out that Slovak central bank has tightened conditions for mortgages. Experts projects that the situation on the real estate market will calm down.

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Bulgaria

SEE News Corporate Wire reports that Sofia-based Euroins Insurance Group (EIG), a unit of Eurohold Bulgaria, received regulatory approval to acquire a majority stake in Georgian insurance company IC Group. The latter, employing 100 people, expects that its premium income in 2018 will grow by 45 per cent y/y to EUR5.4m. The value of the transaction was not disclosed.

As informed EIG operates in 8 European countries, having 4 subsidiaries. Acquiring IC Group is a part of EIG’s strategy “for expansion of its operations in Eastern Europe and the Commonwealth of Independent States (CIS)”.

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What’s up in indexes

BET (of Bucharest) decreased from 8,280.61 index points Tuesday, September 11th to 8,261.86 index points Wednesday, September 12th. It’s down 0.24 per cent d/d and up 3.15 per cent y/y.

BUX (of Budapest) decreased from 36,371.94 index points Tuesday, September 11th to 36,104.07 index points Wednesday, September 12th. It’s down 0.74 per cent d/d and down 5.18 per cent y/y.

CROBEX (of Zagreb) increased from 1,796.58 index points Tuesday, September 11th to 1,810.86 index points Wednesday, September 12th. It’s up 0.79 per cent d/d and up 0.66 per cent y/y.

OMXR (of Riga) increased from 959.47 index points Tuesday, September 11th to 977.37 index points Wednesday, September 12th. It’s up 1.87 per cent d/d and down 1.07 per cent y/y.

OMXT (of Tallinn) decreased from 1,221.71 index points Tuesday, September 11th to 1,217.29 index points Wednesday, September 12th. It’s down 0.36 per cent d/d and down 3.29 per cent y/y.

OMXV (of Vilnius) decreased from 692.31 index points Tuesday, September 11th to 692.08 index points Wednesday, September 12th. It’s down 0.03 per cent d/d and up 6.76 per cent y/y.

PX (of Prague) increased from 1,081.44 index points Tuesday, September 11th to 1,089.31 index points Wednesday, September 12th. It’s up 0.73 per cent d/d and up 5.14 per cent y/y.

SAX (of Bratislava) decreased from 334.88 index points Tuesday, September 11th to 332.74 index points Wednesday, September 12th. It’s down 0.64 per cent d/d and up 0.92 per cent y/y.

SOFIX (of Sofia) decreased from 632.02 index points Tuesday, September 11th to 631.44 index points Wednesday, September 12th. It’s down 0.09 per cent d/d and down 9.09 per cent y/y.

UX (of Kyiv) increased from 1,627.65 index points Tuesday, September 11th to 1,632.63 index points Wednesday, September 12th. It’s up 0.31 per cent d/d and up 43.29 per cent y/y.

WIG20 (of Warsaw) decreased from 2,248.35 index points Tuesday, September 11th to 2,210.16 index points Wednesday, September 12th. It’s down 1.70 per cent d/d and down 11.80 per cent y/y.

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