European Economic Congress starts in Katowice in Poland

(Piotr Drabik, CC BY)

Bulgaria: a new high-speed train

Ukraine: 26 companies approved for privatization in 2018

Poland

Almost 10,000 people (EU officials, entrepreneurs, cabinet ministers, journalists) are expected to participate in the 10th European Economic Congress (EEC) that kicks off on Monday, May 14th in Katowice (Silesian Voivodeship). The organizer, Polskie Towarzystwo Wspierania Przedsiębiorczości (PTWP), informs that the event will be accompanied by the European Start-Up Days. Nearly 12,000 hours of debate and around 700 speakers will focus on issues like innovation, technology, finance, health, local and regional policy, Brexit and the European Union.

Among the guests are Poland’s Prime Minister Mateusz Morawiecki, Maroš Šefčovič, Vice-President of the European Commission, and Vazil Hudák, Vice-President of the European Investment Bank.

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Bulgaria

Novinite.com informs that a new, high-speed railway will be built between Sofia (Bulgaria) and Istanbul (Turkey). It is a part of Chinese One Belt One Road initiative.

The first step will be completing a double railway line between Edirne (north-eastern Turkey) and Istanbul. The construction will later go through Plovdiv (Bulgaria) to Bulgaria’s capital, Sofia.

At the same, time Bulgaria has been modernizing (from the EU funds, as well as from budget) the railway line from Sofia to Svilengrad, as a part of the high-speed sections.

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Ukraine

The Interfax reports that Ukrainian cabinet has already approved a list of 26 companies for privatization in 2018. Those are big entities, including five regional electricity supply companies, Centrenergo, Odesa Port-Side Plant, Turboatom, Zaporizhia Titanium and Magnesium Combine, United Mining-Chemical Company and Sumykhimprom. 18 of them are in the portfolio of the State Property Fund Vitaliy Trubarov. Three of them (United Mining-Chemical Company, Electrotyazhmash and Dniprovsky Electric Locomotive Plant) are managed by the Ministry of Economic Development and Trade.

The agency quotes Ukraine’s Prime Minister Volodymyr Groysman explaining the decision to sell those assets: “We are selling them to make investments and enterprises work efficiently. We need to attract qualified advisers to privatize large enterprises. We will get it over with the shadow privatization in Ukraine by this decision”.

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What’s up in indexes

BET (of Bucharest) decreased from 8,808.45 index points Thursday, May 10th to 8,775.91 index points Friday, May 11th. It’s down 0.37 per cent d/d and up 4.91 per cent y/y.

BUX (of Budapest) increased from 36,740.21 index points Thursday, May 10th to 37,644.06 index points Friday, May 11th. It’s up 2.46 per cent d/d and up 11.18 per cent y/y.

CROBEX (of Zagreb) increased from 1,831.08 index points Thursday, May 10th to 1,845.24 index points Friday, May 11th. It’s up 0.77 per cent d/d and down 0.07 per cent y/y.

OMXR (of Riga) increased from 1,047.76 index points Wednesday, May 9th to 1,071.77 index points Friday, May 11th. It’s up 2.29 per cent d/d and up 28.88 per cent y/y.

OMXT (of Tallinn) increased from 1,259.59 index points Wednesday, May 9th to 1,264 index points Friday, May 11th. It’s up 0.37 per cent d/d and up 12.07 per cent y/y.  

OMXV (of Vilnius) increased from 708.35 index points Wednesday, May 9th to 710.91 index points Friday, May 11th. It’s up 0.36 per cent d/d and up 20.63 per cent y/y.

PX (of Prague) increased from 1,096.38 index points Thursday, May 10th to 1,107.12 index points Friday, May 11th. It’s up 0.98 per cent d/d and up 9.31 per cent y/y.

SAX (of Bratislava) decreased from 336.71 index points Thursday, May 10th to 335.28 index points Friday, May 11th. It’s down 0.42 per cent d/d and up 8.62 per cent y/y.

SOFIX (of Sofia) decreased from 649.29 index points Thursday, May 10th to 645.51 index points Friday, May 11th. It’s down 0.58 per cent d/d and down 1.34 per cent y/y.

UX (of Kyiv) decreased from 1,821.02 index points Thursday, May 10th to 1,814.91 index points Friday, May 11th. It’s down 0.34 per cent d/d and up 81.54 per cent y/y.

WIG20 (of Warsaw) increased from 2,302.71 index points Thursday, May 10th to 2,329.36 index points Friday, May 11th. It’s up 1.16 per cent d/d and down 1.50 per cent y/y.

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