EBRD to support a construction of li-ion batteries factory in Poland

(Norsk Elbilforening, CC BY 2.0)

Bucharest Stock Exchange the second best in the EU

Czech Republic wants to minimalize gender pay gap

Poland

The European Bank for Reconstruction and Development (EBRD) granted EUR250m long-term loan to li-ion battery maker, LG Chem to support construction of a battery factory in Wroclaw, EBRD informed. The total value of the investment is EUR2.8bn. The factory is expected to reach a production capacity of around 65-70 GWh a year. 

“LG Chem aims to turn the factory near Wroclaw into a “mecca of battery production for electric vehicles around the world,” UB Lee, president of LG Chem’s Energy Solution Company said.

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Romania

In the first ten months of 2019 Bucharest Stock Exchange was ranked as the second best performing stock exchange in the European Union, after the Athens Stock Exchange according to data aggregated by Romanian news outlet Ziarul Financiar. Romania’s stock exchange owes part of its year-to-date growth to the plunge taken during the last days of 2018, when the government endorsed aggressive fiscal and regulatory measures, Ziarul Financiar stressed.

On the other hand, the Warsaw Stock Exchange, the largest in the region by capitalization, is down from the beginning of 2019, and the Sofia Stock Exchange posted the weakest performance (-6.3 per cent).

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Czech Republic

Czech Ministry of Labor has launched a project called “22 per cent to equality” which aims to reduce gender pay gap. The Czech Republic is a country with one of the largest gender pay gap in the EU. On average, women earn a fifth less than men, and the annual difference exceeds one month’s earnings, Radio Praha informed.

A key part of the project is an online payroll calculator allowing employees to check whether their salaries comply with their position and the field in which they work. It was specially designed for women starting a new career or re-entering in the labor market after maternity leave.

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What’s up in indexes

BET (of Bucharest) increased from 9689.00 index points Wednesday, November 6th to 9689.50 index points Thursday, November 7th. It’s up 0.02 per cent d/d and up 11.7 per cent y/y.

BUX (of Budapest) increased from 43292.00 index points Wednesday, November 6th to 43598.00 index points Thursday, November 7th. It’s up 0.71 per cent d/d and up 14.1 per cent y/y.

OMXR (of Riga) decreased from 1013.49 index points Wednesday, November 6th to 1012.09 index points Thursday, November 7th. It’s down 0.14 per cent d/d and up 6.54 per cent y/y.

OMXT (of Tallinn) decreased from 1263.51 index points Wednesday, November 6th to 1258.86 index points Thursday, November 7th. It’s down 0.37 per cent d/d and up 5.94 per cent y/y.

OMXV (of Vilnius) increased from 707.18 index points Wednesday, November 6th to 709.62 index points Thursday, November 7th. It’s up 0.34 per cent d/d and up 8.75 per cent y/y.

PX (of Prague) increased from 1073.78 index points Wednesday, November 6th to 1081.05 index points Thursday, November 7th. It’s up 0.49 per cent d/d and up 0.49 per cent y/y.

RTS (of Moscow) increased from 1471.38 index points Wednesday, November 6th to 1487.03 index points Thursday, November 7th. It’s up 1.06 per cent d/d and up 27.7 per cent y/y.

SAX (of Bratislava) closed at 339.53 index points Thursday, November 7th. It’s the same result as Wednesday’s. It’s 0 per cent change d/d and up 2.44 per cent y/y.

SOFIX (of Sofia) increased from 557.80 index points Wednesday, November 6th to 558.80 index points Thursday, November 7th. It’s up 0.17 per cent d/d and down 5.71 per cent y/y.

UX (of Kyiv) increased from 1492.28 index points Wednesday, November 6th to 1492.69 index points Thursday, November 7th. It’s up 0.03 per cent d/d and down 16.45 per cent y/y.

WIG20 (of Warsaw) increased from 2255.34 index points Wednesday, November 6th to 2272.17 index points Thursday, November 7th. It’s up 0.75 per cent d/d and down 0.20 per cent y/y.

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