Development of Polish Port of Gdynia would cost EUR240m

Port of Gdynia (Joymaster, Public domain)

Norwegians invest EUR18.7m in a biomass-fuelled power plant in Croatia

Slovakia: construction sector in December 2017 with the sharpest drop in EU

Poland

The Polish Radio reports that the Port of Gdynia (northern Poland) wants to expand its operations by developing a ferry terminal, deepening the port to 16 meters (from 14 meters), widening the entrance to the port by 40 meters (now it’s 150 meters) and developing wharves (now the wharf is 2,5 km long). The CEO of Port of Gdynia informed the company would invest PLN1bn (EUR240m) and that the project should be finalized by the end of 2020.

The Polish Radio reminds that Polish government invests in local transport infrastructure – i.e. expanding 2 railway lines to give the port better links to urban areas.

Gdynia is one of the largest ports in Poland, handling annually about 21 million tons of goods.

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Croatia

The portal Total Croatia News informs that Norwegian company Croatia REN AS (founded by the Green Energy Innovation Alliance) wants to invest EUR18.7m in a biomass-fuelled power and heating plant in Croatia. The plant is supposed to be constructed in the municipality of Žakanje – 60 km southwest of Zagreb.

The portal reminds that the company REN AS already owns two Croatian companies – Maksim Trade Energija and Bio Peleti Energija, also located in the Žakanje Business Zone.

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Slovakia

“Slovakia reported the highest monthly drop in construction output in the European Union,” the Slovak Spectator reports after the Eurostat. The second and third worst were – respectively –  Spain and Bulgaria.

Seasonally adjusted construction output of the Eurozone was up 0.1 per cent m/m in December 2017. In the whole European Union it’s up 0.6 per cent m/m. In Slovakia, the sector decreased by 5.5 per cent m/m in December 2017, In Spain by 4.4 per cent and in Bulgaria by 3 per cent.

The portal explains that in Slovakia the construction output dropped in both areas: the construction of buildings and the infrastructure.

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What’s up in indexes

BET (of Bucharest) increased from 8,315.03 index points Monday, February 19th to 8,328.77 index points Tuesday, February 20th. It’s up 0.17 per cent d/d and up 6.83 per cent y/y.

BUX (of Budapest) decreased from 39,006.35 index points Monday, February 19th to 38,667.00 index points Tuesday, February 20th. It’s down 0.87 per cent d/d and up 13.81 per cent y/y.

CROBEX (of Zagreb) increased from 1,854.10 index points Monday, February 19th to 1,855.43 index points Tuesday, February 20th. It’s up 0.07 per cent d/d and down 14.45 per cent y/y.

OMXR (of Riga) increased from 1,022.50 index points Monday, February 19th to 1,024.25 index points Tuesday, February 20th. It’s up 0.17 per cent d/d and up 36.99 per cent y/y.

OMXT (of Tallinn) decreased from 1,280.95 index points Monday, February 19th to 1,277.75 index points Tuesday, February 20th. It’s down 0.25 per cent d/d and up 14.71 per cent y/y.

OMXV (of Vilnius) decreased from 673.99 index points Monday, February 19th to 670.49 index points Tuesday, February 20th. It’s down 0.52 per cent d/d and up 19.59 per cent y/y.

PX (of Prague) decreased from 1,110.21 index points Monday, February 19th to 1,106.14 index points Tuesday, February 20th. It’s down 0.37 per cent d/d and up 13.65 per cent y/y.

SAX (of Bratislava) decreased from 329.31 index points Monday, February 19th to 328.19 index points Tuesday, February 20th. It’s down 0.46 per cent d/d and up 6.63 per cent y/y.

SOFIX (of Sofia) increased from 692.02 index points Monday, February 19th to 694.36 index points Tuesday, February 20th. It’s up 0.34 per cent d/d and up 14.15 per cent y/y.

UX (of Kyiv) increased from 1,460.38 index points Monday, February 19th to 1,464.28 index points Tuesday, February 20th. It’s up 0.27 per cent d/d and up 59.67 per cent y/y.

WIG20 (of Warsaw) increased from 2,408.49 index points Monday, February 19th to 2,413.23 index points Tuesday, February 20th. It’s up 0.20 per cent d/d and up 10.05 per cent y/y.

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