EV batteries plant to be open in Poland

(Norsk Elbilforening, CC BY 2.0)

Second 5G service launched in Bucharest

Government to resume state support for Russian automotive sector

Poland

British firm Johnson Matthey will invest nearly PLN1bn (EUR235m) in a plant producing materials for e-car batteries, as the Ministry of Business and Technology announced. The plant will be built in Konin (western Poland) and will hire over 200 people. According to PAP agency, the production should be launched in 2021 or 2022.

This will not be the only investment in e-cars. Umicore is investing PLN1.38bn (EUR300m) in a plant manufacturing cathode materials, while LG Chem is already supplying some German carmakers with electric vehicle batteries made in Poland.

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Romania

Romanian telecommunication company, RCS&RDS, controlled by Digi Communications group, launched the new Digi Mobil 5G Smart service in Bucharest. Previously, in May, Vodafone announced extending 5G coverage. Both companies will provide 5G services and will target the main cities of the country — Bucharest and Cluj Napoca, plus the popular seaside resort of Mamaia. Digi is also targeting its HQ — Oradea and Iasi.

“Investments in 5G will reach EUR270-280m this year,” said Valentin Popoviciu, vice president of RCS&RDS.

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Russia

Declining demand and sales on the car market have forced the Russian government to continue its program supporting the automotive industry. According to Kommersant daily the programs “Russian tractor” and “Own business” (for small and medium businesses) include preferential car loans and preferential car leasing. The cost of the programs is EUR250m.

The new support mechanisms were reportedly requested by the largest carmakers, such as AvtoVaz, Renault, GAZ, Sollers, Hyundai, and Kamaz, as well as by dealers.

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What’s up in indexes

BET (of Bucharest) increased from 8750.24 index points Thursday, June 27th to 8814.27 index points Friday, June 28th. It’s up 0.74 per cent d/d and up 10.3 per cent y/y.

BUX (of Budapest) decreased from 40441.00 index points Thursday, June 27th to 40279.31 index points Friday, June 28th. It’s down 0.40 per cent d/d and up 14.2 per cent y/y.

OMXR (of Riga) increased from 1020.18 index points Thursday, June 27th to 1021.80 index points Friday, June 28th. It’s up 0.16 per cent d/d and down 3.18 per cent y/y.

OMXT (of Tallinn) increased from 1253.11 index points Thursday, June 27th to 1254.55 index points Friday, June 28th. It’s up 0.11 per cent d/d and down 0.34 per cent y/y.

OMXV (of Vilnius) decreased from 668.17 index points Thursday, June 27th to 665.87 index points Friday, June 28th. It’s down 0.34 per cent d/d and down 6.30 per cent y/y.

PX (of Prague) increased from 1037.94 index points Thursday, June 27th to 1041.73 index points Friday, June 28th. It’s up 0.37 per cent d/d and down 0.96 per cent y/y.

RTS (of Moscow) decreased from 1388.07 index points Thursday, June 27th to 1380.52 index points Friday, June 28th. It’s down 0.54 per cent d/d and up 22.7 per cent y/y.

SAX (of Bratislava) closed at 345.27 index points Friday, June 28th. It’s the same result as Thursday’s. It’s 0 per cent change d/d and up 5.89 per cent y/y.

SOFIX (of Sofia) increased from 581.90 index points Thursday, June 27th to 587.81 index points Friday, June 28th. It’ up 1.01 per cent d/d and down 7.16 per cent y/y.

UX (of Kyiv) increased from 1650.31 index points Thursday, June 27th to 1652.31 index points Friday, June 28th. It’ up 1.82 per cent d/d and up 4.55 per cent y/y.

WIG20 (of Warsaw) decreased from 2335.13 index points Thursday, June 27th. to 2327.67 index points Friday, June 28th. It’s down 0.32 per cent d/d and up 10.9 per cent y/y.

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