Czech Republic liberalizes its railways

(Mark fromPrague, CC BY)

Romania will modernize its airports

Greece is the fourth largest investor in Bulgaria

Czech Republic

Radio Praha reports that the government of Bohuslav Sobotka approved a plan liberalizing railways. 5 high-speed railways will be the subject of competition. The tender process for the right to manage them will be held by the end of 2021. But private companies that operate in Czech Republic – like RegioJet, Leo Express and Arriva – criticise government’s decision. They claim that “the number of lines due to be made available in competitions was insufficient”.

The liberalization will lower the prices for consumers, as well as generate savings to the state.

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Romania

All main Romanian airports – including the Henri Coanda airport in Bucharest – due to increasing airport traffic need to be modernized and expanded.

Romania Insider reports there is a shortage of specialists in local airports’ management positions, while the traffic is expected to increase by at least 12 per cent in 2017.

The data shows in 2016 16.39 million passengers travelled through Romania’s airports. It was up 23.5 per cent compared with 2015.

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Bulgaria

The Greek Embassy in Bulgaria revealed that Greek investments in 2016 reached EUR2.5bn. So Greece is the fourth biggest investor on the market, after Austria, Holland and Germany. Moreover, the volume of investments increase. In 2015 Greece invested some EUR2.4bn.

At the same time Bulgaria has increased its exports to Greece. In 2016 it was up 7 per cent. Greeks exports to Bulgaria dropped by 3.5 per cent. Bulgarians send to their neighbour electricity, sunflower oil, chicken meat and wheat.

Novinite.com reminds the total direct foreign investment (FDI) in Bulgaria in Q4’16 reached EUR38.7bn.

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What’s up in indexes

BET (of Bucharest) increased from 7,961.53 index points Thursday, March 23rd to 7,981.01 index points Friday, March 24th. It was up 0.24 per cent d/d and up 18.30 per cent y/y.

BUX (of Budapest) decreased from 32,127.89 index points Thursday, March 23rd to 32,097.09 index points Friday, March 24th. It was down 0.10 per cent d/d and up 26.14 per cent y/y.

CROBEX (of Zagreb) increased from 2,065.15 index points Thursday, March 23rd to 2,112.83 index points Friday, March 24th. It was up 2.31 per cent d/d and up 30.42 per cent y/y.

OMXR (of Riga) increased from 770.28 index points Thursday, March 23rd to 771.49 index points Friday, March 24th. It was up 0.16 per cent d/d and up 25.59 per cent y/y.

OMXT (of Tallinn) increased from 1,122.86 index points Thursday, March 23rd to 1,127.74 index points Friday, March 24th. It was up 0.43 per cent d/d and up 15.94 per cent y/y.

OMXV (of Vilnius) increased from 559.37 index points Thursday, March 23rd to 563.71 index points Friday, March 24th. It was up 0.78 per cent d/d and up 11.17 per cent y/y.

PX (of Prague) increased from 980.76 index points Thursday, March 23rd to 982.53 index points Friday, March 24th. It was up 0.18 per cent d/d and up 10.53 per cent y/y.

SAX (of Bratislava) closed at 307.10 index points Friday, March 24th. The day before it closed at 307.09 index points. So it’s 0 per cent change d/d. It’s down 5.22 per cent y/y.

SOFIX (of Sofia) increased from 639.35 index points Thursday, March 23rd to 639.63 index points Friday, March 24th. It was up 0.04 per cent d/d and up 43.96 per cent y/y.

UX (of Kyiv) increased from 949.87 index points Thursday, March 23rd to 968.22 index points Friday, March 24th. It was up 1.93 per cent d/d and up 81.95 per cent y/y.

WIG20 (of Warsaw) decreased from 2,235.33 index points Thursday, March 23rd to 2,234.82 index points Friday, March 24th. It was down 0.02 per cent d/d and up 15.42 per cent y/y.

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