EU will co-finance Baltic Pipe construction

(Baltic Pipe Project, Public domain)

In Hungary commercial real estate investments rise

Dacia becomes 12th most popular car brand in the EU

Poland

The European Commission officially signed a EUR214.9m grant for the Baltic Pipe Project which will connect Poland and Denmark with Norway. The Baltic Pipe Gas Project, also known as “Norwegian corridor”, will allow diversification of natural gas supplies and will lessen Europe’s dependence on Russian gas (read more and more).

The Baltic Pipe will transport 10 billion cubic meters of Norwegian natural gas per year directly to Poland and the Baltic States.

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Hungary

The value of commercial real estate investments in Hungary increased by 4 per cent to EUR1.82bn last year, the National Bank of Hungary (MNB) said in its report. Investments in office real estate accounted for 48 per cent of the total, while investments in retail property was 42 per cent. The annual yield on prime office property stood at 5.75 per cent, while the yield on industrial property reached 7.5 per cent, and the yield on prime shopping center space came to 5.5 per cent.

The major investors were Hungarian companies, followed by South African ones, American and German.

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Romania

Production of Dacia cars increased by 13.9 per cent y/y, according to data of the Automobile Manufacturers Association of Romania (ACAROM). Romanian auto manufacturer’s market share in Europe also increased to 3.7 per cent in the last two months, the European Automobile Producers’ Association (ACEA) informed. Dacia now outsells Hyundai and Kia, making it the 12th most popular car in the EU. Dacia is owned by the Renault Group.

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What’s up in indexes

BET (of Bucharest) decreased from 8267.38 index points Friday, April 12th to 8290.19 index points Monday, April 15th. It’s down 0.17 per cent d/d and down 6.89 per cent y/y.

BUX (of Budapest) decreased from 42940.74 index points Friday, April 12th to 42816.00 index points Monday, April 15th. It’s down 0.29 per cent d/d and up 11.8 per cent y/y.

OMXR (of Riga) increased from 963.18 index points Friday, April 12th to 1017.16 index points Monday, April 15th. It’s up 5.60 per cent d/d and down 1.85 per cent y/y.

OMXT (of Tallinn) increased from 1249.10 index points Friday, April 12th to 1249.42 index points Monday, April 15th. It’s up 0.03 per cent d/d and down 0.72 per cent y/y.

OMXV (of Vilnius) decreased from 677.77 index points Friday, April 12th to 677.87 index points Monday, April 15th. It’s up 0.01 per cent d/d and down 3.88 per cent y/y.

PX (of Prague) decreased from 1104.47 index points Friday, April 12th to 1103.02 index points Monday, April 15th. It’s down 0.13 per cent d/d and down 2.95 per cent y/y.

RTS (of Moscow) decreased from 1253.44 index points Friday, April 12th to 1246.99 index points Monday, April 15th. It’s down 0.51 per cent d/d and up 14.9 per cent y/y.

SAX (of Bratislava) decreased from 350.40 index points Friday, April 12th to 345.81 index points Monday, April 15th. It’s down 1.31 per cent d/d and up 0.82 per cent y/y.

SOFIX (of Sofia) increased from 575.13 index points Friday, April 12th to 575.40 index points Monday, April 15th. It’s up 0.05 per cent d/d and down 13.21 per cent y/y.

UX (of Kyiv) decreased from 1690.91 index points Friday, April 12th to 1689.38 index points Monday, April 15th. It’s down 0.09 per cent d/d and down 6.57 per cent y/y.

WIG20 (of Warsaw) decreased from 2366.71 index points Friday, April 12th to 2358.19 index points Monday, April 15th. It’s down 0.36 per cent d/d and up 2.52 per cent y/y.

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