Dubrovnik airport will be expanded

Dubrovnik airport, Croatia (Herbert Frank, CC BY)

Hungary wants closer EU-Russia economic cooperation

Latvian trade union: healthcare system could collapse

Croatia

The management of the Dubrovnik airport plans to invest EUR225m and introduce many improvements, such as: constructing two new rapid exit taxiways, expanding the western apron, constructing a new commercial aviation apron on the western side and a new east apron for general aviation. Also a small, general aviation terminal is planned plus developing aircraft maintenance and operation facilities in addition to the hangers. Most of the units will be completed by 2020.

The airport’s general manager Luko Vuletić told Total Croatia News that the company plans to construct a new terminal building — but only for the peak season. The construction works will start in 2025 or 2026. “Current capacity is at 5 million passengers and I believe this will be sufficient for some time. (…) We do have plans for a new seasonal terminal,” he said.

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Hungary

Peter Szijjarto, Hungarian Minister of Foreign Affair and Trade, said in an interview that “restoring cooperation with Russia was clearly in the economic interests of Europe in light of an emerging global trade war”. Mr. Szijjarto added: “Economic cooperation between Russia and Europe is going in an extremely wrong direction. There is significant Russia-Europe cooperation, but based on double standards: companies of the big Western European countries are making great deals with Russian firms behind the scenery.”

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Latvia

Valdis Keris, the head of the Trade Union of Health and Social Care Employees, has sent an open letter to top Latvian officials demanding EUR90m to be injected into the healthcare system. The funds should be earmarked for the salaries of the healthcare workers. Otherwise, as he claims, the system would “collapse”.

According to the Baltic Course the crisis has been caused “by the current government’s refusal to include financing, necessary for increasing healthcare workers’ salaries and overtime pay, in documents that will be used in structuring next year’s state budget”.

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What’s up in indexes

BET (of Bucharest) decreased from 8,657.22 index points Friday, November 9th to 8,663.65 index points Monday, November 12th. It’s down 0.07 per cent d/d and up 11.95 per cent y/y.

BUX (of Budapest) decreased from 38,586.63 index points Friday, November 9th to 38,108.00 index points Monday, November 12th. It’s down 1.24 per cent d/d and down 2.92 per cent y/y.

CROBEX (of Zagreb) decreased from 1,786.19 index points Friday, November 9th to 1,767.66 index points Monday, November 10th. It’s down 1.04 per cent d/d and down 2.49 per cent y/y.

OMXR (of Riga) increased from 949.66 index points Friday, November 9th to 950.06 index points Monday, November 12th. It’s up 0.04 per cent d/d and down 7.99 per cent y/y.

OMXT (of Tallinn) increased from 1,189.33 index points Friday, November 9th to 1,192.54 index points Monday, November 12th. It’s up 0.27 per cent d/d and down 3.22 per cent y/y.

OMXV (of Vilnius) decreased from 645.38 index points Friday, November 9th to 643.09 index points Monday, November 12th. It’s down 0.35 per cent d/d and down 2.61 per cent y/y.

PX (of Prague) decreased from 1,089.08 index points Friday, November 9th to 1,081.76 index points Monday, November 12th. It’s down 0.67 per cent d/d up 1.81 per cent y/y.

SAX (of Bratislava) decreased from 334.22 index points Friday, November 9th to 333.75 index points Monday, November 12th. It’s down 0.14 per cent d/d and up 4.14 per cent y/y.

SOFIX (of Sofia) decreased from 597.76 index points Friday, November 9th to 596.08 index points Monday, November 12th. It’s down 0.28 per cent d/d and down 10.93 per cent y/y.

UX (of Kyiv) decreased from 1,791.23 index points Friday, November 9th to 1,790.91 index points Monday, November 12th. It’s down 0.02 per cent d/d and up 40.97 per cent y/y.

Monday was a non-trading day at Warsaw Stock Exchange. WIG20 (of Warsaw) closed at 2,232.25 index points Friday, November 9th. It’s down 9.92 per cent y/y.

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