Estonia: EUR246m invested in start-ups in H1’18

Centre for Educational Technology, Tallinn University (Hans Põldoja, CC BY)
Centre for Educational Technology, Tallinn University (Hans Põldoja, CC BY)

Bulgaria will introduce an e-toll system

Latvia: construction costs up in 2018

Estonia

The Baltic Course informs that a substantial amount of funds were injected in Estonian start-ups. As reported, in the H1’18 a total of EUR245.6m was invested in companies with a potential of fast growth. In this period start-ups paid EUR21m of labor taxes, up 25 per cent y/y. There are about 550 start-ups currently operating in Estonia.

According to the portal, Estonian start-ups created 388 new jobs in H1’17 (up 27 per cent y/y).

The biggest investment was made in Taxify – an international transportation network ran from Tallinn, called an Estonian unicorn. German car company Daimler invested in Taxify about EUR150m. The portal quotes Markus Villig, the CEO of Taxify: “We will use the investment to develop our technology and expand it, mainly in Europe and Africa”.

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Bulgaria

Bulgaria will introduce a modern electronic tolling system (e-toll system) – SEE News Corporate Wire reports. The country’s parliament adopted changes to the Roads Act – thanks to which this development will become possible.

As planned, the e-toll system should be introduced by 2019. It will cover 16,317 km of motorways and major roads. “Vehicles heavier than 3.5 tons will pay toll charges based on distance travelled, while charges for lighter vehicles will be based on periods of time,” the portal explains.

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Latvia

Construction costs increased in Latvia. Leta agency reports, citing the Central Statistical Bureau, that in Q2’18 it was up 1.7 per cent q/q.

As reported, builder’s wages grew 2.9 per cent, the prices of construction materials were up 1.7 per cent and operation costs of machinery and equipment were up 1 per cent q/q. As compared with the same period of 2017, construction costs increased 0.4 per cent, builders’ wages grew by 7.8 per cent and the prices of construction materials were up 3.9 per cent.

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What’s up in indexes

BET (of Bucharest) increased from 7,953.86 index points Wednesday, July 25th to 8,016.71 index points Thursday, July 26th. It’s up 0.79 per cent d/d and down 3.68 per cent y/y.

BUX (of Budapest) increased from 34,963 index points Wednesday, July 25th to 35,624.91 index points Thursday, July 26th. It’s up 1.89 per cent d/d and down 0.17 per cent y/y.

CROBEX (of Zagreb) increased from 1,821.56 index points Wednesday, July 25th to 1,832.81 index points Thursday, July 26th. It’s up 0.62 per cent d/d and down 0.60 per cent y/y.

OMXR (of Riga) decreased from 1,014.04 index points Wednesday, July 25th to 1,010.41 index points Thursday, July 26th. It’s down 0.36 per cent d/d and up 2.39 per cent y/y.

OMXT (of Tallinn) decreased from 1,260.77 index points Wednesday, July 25th to 1,258.88 index points Thursday, July 26th. It’s down 0.15 per cent d/d and up 2.61 per cent y/y.

OMXV (of Vilnius) increased from 715.30 index points Wednesday, July 25th to 715.46 index points Thursday, July 26th. It’s up 0.02 per cent d/d and up 15.28 per cent y/y.

PX (of Prague) increased from 1,090.42 index points Wednesday, July 25th to 1,092.89 index points Thursday, July 26th. It’s up 0.23 per cent d/d and up 8.01 per cent y/y.

SAX (of Bratislava) closed at 339.22 index points Thursday, July 26th. It’s the same result as Wednesday’s. It’s 0 per cent change d/d and up 0.98 per cent y/y.

SOFIX (of Sofia) decreased from 636.02 index points Wednesday, July 25th to 635.43 index points Thursday, July 26th. It’s down 0.09 per cent d/d and down 11.08 per cent y/y.

UX (of Kyiv) increased from 1,618.85 index points Wednesday, July 25th to 1,619.39 index points Thursday, July 26th. It’s up 0.03 per cent d/d and up 48.27 per cent y/y.

WIG20 (of Warsaw) increased from 2,260.70 index points Wednesday, July 25th to 2,304.67 index points Thursday, July 26th. It’s up 1.94 per cent d/d and down 2.36 per cent y/y.

 

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