Estonian Bolt enters London market

(Kārlis Dambrāns, CC BY 2.0)

EBRD to invest EUR360m in Belarus in 2019

Poland is the least advanced digital economy in the EU

Estonia

Estonian ride-hailing service Bolt, which until early 2019 was called Taxify, re-entered the competitive London taxi market, promising cheaper rides and a better cut to drivers than its bigger global rival Uber Technologies Inc.

“We are currently operating in over 30 countries worldwide, and we have seen that improved competition entails lower prices for customers and better earnings for drivers. We are convinced that this is what will happen in London as well,” Bolt’s CEO Markus Villig said.

Bolt’s first attempt to enter the London market was stopped by transport regulators who denied it a license in 2017.

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Belarus

The involvement of the European Bank for Reconstruction and Development (EBRD) in Belarus may exceed EUR360m in 2019, BelTA News Agency informed. “We are interested in more investments of the EBRD both in the public and private sectors,” Belarus’ PM Sergei Rumas said.

In 2018, the EBRD earmarked the largest municipal loan of EUR84m to Minskvodokanal, EUR5m to the solid waste management company in Pukhovichi District and Cherven District, and also EUR42m to complete the Minsk Ring Road 2 reconstruction project.

Since the EBRD began working in Belarus in 1992, the bank has invested nearly EUR2.46bn in 114 projects implemented in various branches of the Belarusian economy.

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Poland

Poland, along with Greece, Romania and Bulgaria, has the least advanced digital economy in the EU, according to 2019 Digital Economy and Society Index (DESI). Poland is among the worst performers in comparative assessment of fixed broadband (basic, fast and ultrafast). DEFI informs that the fast broadband is available in Poland in less than two thirds of homes (EU average: 90 per cent).

According to the report 56 per cent of Polish enterprises have a very low level of digitization (EU average: 46 per cent), and only 12 per cent of them are highly digitized companies (EU average: 18 per cent).

DESI also shows that one fifth of the Polish population does not use the internet, and almost half of the population still does not have basic digital skills.

In the CSE Estonia is the best and ranks 8th out of the 28 EU member states. No other country in the region scores above the EU average. Bulgaria is the the last in the ranking.

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What’s up in indexes

BET (of Bucharest) increased from 8589.79 index points Monday, June 10th to 8633.72 index points Tuesday, June 11th. It’s up 0.63 per cent d/d and up 4.56 per cent y/y.

BUX (of Budapest) increased from 41159.57 index points Friday, June 7th to 41235.00 index points Tuesday, June 11th. It’s up 0.18 per cent d/d and up 12. 6 per cent y/y.

OMXR (of Riga) increased from 1068.97 index points Monday, June 10th to 1069.43 index points Tuesday, June 11th. It’s up 0.04 per cent d/d and up 3.31 per cent y/y.

OMXT (of Tallinn) increased from 1253.01 index points Monday, June 10th to 1255.92 index points Tuesday, June 11th. It’s up 0.23 per cent d/d and down 0.36 per cent y/y.

OMXV (of Vilnius) decreased from 676.56 index points Monday, June 10th to 673.92 index points Tuesday, June 11th. It’s down 0.39 per cent d/d and down 5.34 per cent y/y.

PX (of Prague) increased from 1059.22 index points Monday, June 10th to 1061.89 index points Tuesday, June 11th. It’s up 0.25 per cent d/d and down 1.43 per cent y/y.

RTS (of Moscow) increased from 1335.71 index points Monday, June 10th to 1343.33 index points Tuesday, June 11th. It’s up 0.57 per cent d/d and up 17.6 per cent y/y.

SAX (of Bratislava) decreased from 344.81 index points Monday, June 10th to 342.38 index points Tuesday, June 11th. It’s down 0.70 per cent d/d and up 4.86 per cent y/y.

SOFIX (of Sofia) decreased from 581.30 index points Monday, June 10th to 580.30 index points Tuesday, June 11th. It’ down 0.18 per cent d/d and down 7.83 per cent y/y.

UX (of Kyiv) decreased from 1684.14 index points Monday, June 10th to 1647.16 index points Tuesday, June 11th. It’s down 2.20 per cent d/d and up 1.77 per cent y/y.

WIG20 (of Warsaw) increased from 2282.51 index points Monday, June 10th to 2295.60 index points Tuesday, June 11th. It’s up 0.57 per cent d/d and up 2.73 per cent y/y.

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