Food in Poland is the cheapest in the EU

(Gellinger, Public domain)

EC grants Romania EUR800m for infrastructure

Estonia's Nordica gets permission to sell its shares

Ukraine hopes to resolve the Russia's claim on Eurobonds

Poland

According to Eurostat, in 2015 “the prices of food and non-alcoholic beverages in Poland were 37 per cent below the EU average, while in Denmark were 45 per cent above.” Poland also had the lowest prices for meat, milk, cheese and eggs, reports the Polish Radio.

Within the EU alcohol prices ranged significantly. “Alcohol was priced in Ireland at 75 per cent above the EU average, however, in Bulgaria was 36 per cent below,” the report, quoted by the Polish Radio, said.

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Romania

Ten infrastructure projects, which started between 2007 and 2013 with an EU funding, will be continued,. The EU will contribute EUR800m, informed the European Commission Representation in Romania in its press release quoted by Romania Insider.

Two of the ten infrastructure projects are in the transport sector – the construction of certain segments of the Brasov bypass road and the rehabilitation of the railway line Brasov — Simeria, part of the pan-European corridor IV. Three projects target improving waste management.

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Estonia  

Nordic Aviation Group Nordica, the Estonian state-owned airline, has received permission from the Competition Authority to hand over 49 per cent of the shares in the Regional Jet to its strategic partner, Polish Airlines LOT, reports LETA/BNS quoted by the Baltic Course.

Nordica and LOT wish to jointly acquire control over the Estonian company Regional Jet OU, now a fully owned subsidiary of Nordic Aviation Group. The transaction will not have an impact on the holding structures of Nordic Aviation or PLL LOT and both will remain independent companies after its closing.

Nordica plans to increase the fleet of its subsidiary, Regional Jet, by three planes in 2017 and eventually up to 20-25 planes by 2020 in cooperation with its new partner.

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Ukraine

The Finance Minister of Ukraine, Oleksandr Danyliuk said that the High Court of Justice in England court could, as early as April 2017, render its decision on Russia’s claim against Ukraine on the USD3bn Eurobonds.

For over a year Russia has been refusing to accept the Ukrainian idea to have its loan to Ukraine treated as a commercial debt, when Ukraine included this loan into its commercial debts and negotiated restructuring with private investors.

Ukrainian Agency Interfax quotes Danyliuk saying that after the London court had heard both parties “The judge, after getting acquainted with the case, will need some time to make a decision and formalize it. (…) This is not the case that is announced immediately after the hearing. The result could be promulgated even after three months. His decision could be announced somewhere in April.”

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What’s up in indexes

BET (of Bucharest) increased from 7,403.22 index points Thursday, January 26th to 7,495.74 index points Friday, January 27th. It was up 1.29 per cent d/d and up 19.46 per cent y/y.

BUX (of Budapest) decreased from 32,918.00 index points Thursday, January 26th to 32,714.58 index points Friday, January 27th. It was down 0.62 per cent d/d and up 37.63 per cent y/y.

CROBEX (of Zagreb) decreased from 2,109.13 index points Thursday, January 26th to 2,108.89 index points Friday, January 27th. It was down 0.01 per cent d/d and up 30.81 per cent y/y.

OMXR (of Riga) increased from 743.99 index points Thursday, January 26th to 753.52 index points Friday, January 27th. It was up 1.28 per cent d/d and up 25.47 per cent y/y.

OMXT (of Tallinn) decreased from 1,098.19 index points Thursday, January 26th to 1,096.14 index points Friday, January 27th. It was down 0.19 per cent d/d and up 24.58 per cent y/y.

OMXV (of Vilnius) increased from 563.44 index points Thursday, January 26th to 563.79 index points Friday, January 27th. It was up 0.06 per cent d/d and up 16.68 per cent y/y.

PX (of Prague) decreased from 938.08 index points Thursday, January 26th to 936.89 index points Friday, January 27th. It was down 0.13 per cent d/d and up 3.80 per cent y/y.

SAX (of Bratislava) increased from 307.69 index points Thursday, January 26th to 307.71 index points Friday, January 27th. It was up 0.01 per cent d/d and up 0.20 per cent y/y.

SOFIX (of Sofia) decreased from 611.60 index points Thursday, January 26th to 610.10 index points Friday, January 27th. It was down 0.25 per cent d/d and up 37.50 per cent y/y.

UX (of Kiev) decreased from 861.00 index points Thursday, January 26th to 859.91 index points Friday, January 27th. It was down 0.13 per cent d/d and up 34.65 per cent y/y/.

WIG20 (of Warsaw) increased from 2,080.40 index points Thursday, January 26th to 2,084.05 index points Friday, January 27th. It was up 0.18 per cent d/d and up 20.55 per cent y/y.

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