European Space Agency Business Incubator to open in Poland

ESA headquarters, Paris, France (ESA, M. Trovatello, CC BY-SA)

Uber banned in Romania

EU funds will improve tourism infrastructure in Istria

Poland

Three consortiums, working under Poland’s Industrial Development Agency (ARP), will establish the first business incubator for the European Space Agency (ESA) in Central Europe, ARP’s Vice President Dariusz Śliwowski informed.

ESA BIC’s (European Space Agency Business Incubation Centers) is a network of business incubation centers coordinated and co-financed by the ESA. The purpose is to support start-ups with business activities related to space technologies.

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Romania

Ride-sharing services, such as Uber or Taxify, may vanish from Romania. Romania’s Ministry of Public Administration has published a draft emergency ordinance (OUG) to implement fines up to RON5,000 (over EUR1,000) to those who carry out taxi activities without a license. 

The OUG is a consequence of a long dispute between Confederation of Authorized Operators and Carriers of Romania (COTAR) and ride-sharing services. COTAR has accused Uber drivers of unfair competition, saying their activity is not regulated similarly to that of the traditional taxi services. At the end of April 2018, some 3,000 drivers who protested in Bucharest managed to convince the government to change the law.

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Croatia

Five major ports in Istria are expecting big investments in 2019, Poslovni Dnevnik daily writes. Pula authorities will complete new 130-metre long coastline, city of Rovinj plans to build communal port and Rabac wants to reconstruct the communal barges. The European Commission (EC) will support the projects with EUR25m. The EC also approved Croatia’s plan to expand the Istrian Y motorway with the EUR165m investment.

So far, the Croatian infrastructure sector has contracted 76 projects from EU funds, totaling almost EUR3.4bn.

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What’s up in indexes

BET (of Bucharest) increased from 7663.49 index points Friday, March 1st to 7784.71 index points Monday, March 4th. It’s up 1.56 per cent d/d and down 7.15 per cent y/y.

BUX (of Budapest) increased from 40170.66 index points Friday, March 1st to 40593.00 index points Monday, March 4th. It’s up 1.05 per cent d/d and up 9.36 per cent y/y.

CROBEX (of Zagreb) decreased from 1,792.79 index points Friday, March 1st to 1,764.41 index points Monday, March 4th. It’s down 1.58 per cent d/d and down 2.30 per cent y/y.

OMXR (of Riga) increased from 975.36 index points Friday, March 1st to 983.37 index points Monday, March 4th. It’s up 0.82 per cent d/d and down 5.09 per cent y/y.

OMXT (of Tallinn) increased from 1237.62 index points Friday, March 1st to 1241.23 index points Monday, March 4th. It’s up 0.29 per cent d/d and down 5.17 per cent y/y.

OMXV (of Vilnius) increased from 652.06 index points Friday, March 1st to 652.87 index points Monday, March 4th. It’s up 0.12 per cent d/d and down 3.68 per cent y/y.

PX (of Prague) increased from 1075.74 index points Friday, March 1st to 1078.69 index points Monday, March 4th. It’s up 0.27 per cent d/d and down 3.10 per cent y/y.

SAX (of Bratislava) ) increased from 339.19 index points Friday, March 1st to 341.40 index points Monday, March 4th. It’s up 0.65 per cent d/d and up 0.63 per cent y/y.

SOFIX (of Sofia) decreased from 585.30 index points Friday, March 1st to 585.06 index points Monday, March 4th. It’s down 0.05 per cent d/d and down 14.56 per cent y/y.

UX (of Kyiv) decreased from 1704.66 index points Friday, March 1st to 1700.15 index points Monday, March 4th. It’s down 0.26 per cent d/d and up 5.19 per cent y/y.

WIG20 (of Warsaw) decreased from 2333.11 index points Friday, March 1st to 2328.05 index points Monday, March 4th. It’s down 0.22 per cent d/d and down 0.09 per cent y/y.

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