Estonia with EUR803m under the Juncker Plan

Tallinn airport (Melirius, CC BY-SA)
Tallinn airport (Melirius, CC BY-SA)

Hungary may have to give back the funding for the metro line M4

Bulgaria’s population will drop to 4.9 million by 2070

Estonia

The Baltic course informs that under the Juncker Plan EUR803m will be invested in Estonia. In total EUR335bn has already been invested in the European economy in the framework of this plan. As reported, in Estonia a EUR112m guarantee from the European Fund for Strategic Investments (EFSI) is expected to trigger EUR803m in investments. “Estonia currently ranks second among 28 member states in terms of EFSI-related investment,” the Baltic Course reports. Among the projects supported in the framework of the Juncker Plan, named after the EC president Jean-Claude Juncker, are the expansion and upgrading of Tallinn Airport and the development of the producer of ultracapacitor-based energy storage devices Skeleton Technologies.

The Baltic Course quotes Jean-Claude Juncker as saying that “the European Fund for Strategies Investments is set to create 1.4 million jobs in and increase EU GDP by 1.3 per cent by 2020”.

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Hungary

The Budapest Business Journal reports, citing the environmental NGO Clean Air Group, that due to “failure to implement a congestion charge in Budapest”, Hungary will probably have to pay back a part of the funding it had received for the construction of metro line M4.

As reported, the country received EUR600m. While applying for the funds, Hungary has asserted that it would introduce the congestion charge in its capital city. The metro line was opened in April 2014, but the congestion charge has never been implemented.

The portal quotes the letter from the European Commission to Hungary’s officials saying: “There were no tangible supporting documents attached [to the letters of the Hungarian government], thus we are not in a position to confirm that the beneficiary has fulfilled all commitments they have made at the approval of the project. This situation puts the expenditure already certified for the project at risk of recovery”.

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Bulgaria

The population of Bulgaria decreases. According to the annual report on the state of national security in 2017, the number of Bulgarians will reach 4.9 million in 2070.

Novinite.com reports that the data from the European Union’s statistical office (Eurostat) confirms the trend of population ageing. According to the Eurostat, in 2060 the number of workers and pensioners in Bulgaria will be almost equal.

In 2017 there were 7 million people living in Bulgaria.

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What’s up in indexes

BET (of Bucharest) decreased from 7,951.81 index points Monday, July 23rd to 7,950.09 index points Tuesday, July 24th. It’s down 0.02 per cent d/d and down 4.68 per cent y/y.

BUX (of Budapest) decreased from 35,141.03 index points Monday, July 23rd to 35,050.00 index points Tuesday, July 24th. It’s down 0.26 per cent d/d and down 0.88 per cent y/y.

CROBEX (of Zagreb) increased from 1,810.70 index points Monday, July 23rd to 1,824.16 index points Tuesday, July 24th. It’s up 0.74 per cent d/d and down 0.42 per cent y/y.

OMXR (of Riga) decreased from 1,016.99 index points Monday, July 23rd to 1,014.23 index points Tuesday, July 24th. It’s down 0.27 per cent d/d and up 2.39 per cent y/y.

OMXT (of Tallinn) increased from 1,260.97 index points Monday, July 23rd to 1,261.25 index points Tuesday, July 24th. It’s up 0.02 per cent d/d and up 2.47 per cent y/y.

OMXV (of Vilnius) increased from 714,06 index points Monday, July 23rd to 714.26 index points Tuesday, July 24th. It’s up 0.03 per cent d/d and up 15.08 per cent y/y.

PX (of Prague) increased from 1,087.73 index points Monday, July 23rd to 1,093.88 index points Tuesday, July 24th. It’s up 0.57 per cent d/d and up 8.56 per cent y/y.

SAX (of Bratislava) increased from 330.40 index points Monday, July 23rd to 337.06 index points Tuesday, July 24th. It’s up 2.02 per cent d/d and down 0.34 per cent y/y.

SOFIX (of Sofia) increased from 633.41 index points Monday, July 23rd to 637.18 index points Tuesday, July 24th. It’s up 0.60 per cent d/d and down 10.61 per cent y/y.

UX (of Kyiv) increased from 1,610.07 index points Monday, July 23rd to 1,616.93 index points Tuesday, July 24th. It’s up 0.43 per cent d/d and up 48.36 per cent y/y.

WIG20 (of Warsaw) increased from 2,204.53 index points Monday, July 23rd to 2,244.27 index points Tuesday, July 24th. It’s up 1.80 per cent d/d and down 3.87 per cent y/y.

 

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