Ford Romania to invest EUR200m

Ford plant, Craiova, Romania (Ford Romania, Facebook, Public domain)

Czech Republic leads EU in number of job vacancies

Grabar-Kitarovic: Croatia lacks good greenfield investments

Romania

The US carmaker Ford will invest EUR200m in its Romanian plant located in Craiova. The target is to produce 250,000 cars annually. In 2018, Ford Romania produced 150,000 cars and 300,000 engines and became the second largest exporter, the other local carmaker, Automobile Dacia (owned by Renault).

“Ford has transformed the Romanian plant into one of the most modern in Europe … and the story does not end here,” said Andrew McCall, vice president of Ford Europe’s government relations.

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Czech Republic

Eurostat has published data on job-vacancy rates in the Q’18. The Czech Republic has the highest rate of job-vacancies — 6 per cent.

In the CSE countries Latvia’s vacancy rate is the same as the EU average (2.3 per cent), closely followed by Slovenia (2.2 per cent). Estonia’s vacancy rate is 1.8 per cent, Croatia’s 1.4 per cent, Lithuania’s and Slovakia’s 1.3 per cent, and Romania’s 1.2 per cent. Poland has a vacancy rate of 1.1 per cent.

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Croatia

President Kolinda Grabar-Kitarovic said that Croatia lacked quality greenfield investments and presented five guidelines on how to attract FDI and improve the investment climate, HINA News Agency informed.

“The results of FDIs don’t match the desired image. In 26 years, EUR33.5bn has been invested in Croatia, but the problem is that the investments were mostly Brownfield and focused on ”nontradeable” sectors,” said Ms. Grabar-Kitarovic.

She thinks that it can be changed if the appropriate lessons are learned. “First of all, I’m thinking of investment woes, the shortage of people involved in attracting investors, the lack of approach planning and coordination” Ms. Grabar-Kitarovic added.

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What’s up in indexes

BET (of Bucharest) increased from 7861.83 index points Friday, March 15th to 7877.53 index points Monday, March 18th. It’s up 0.08 per cent d/d and down 10.23 per cent y/y.

BUX (of Budapest) increased from 41335.02 index points Friday, March 15th to 42085.00 index points Monday, March 18th. It’s up 1.81 per cent d/d and up 11.7 per cent y/y.

CROBEX (of Zagreb) increased from 1,771.04 index points Friday, March 15th to 1,774.12 index points Monday, March 18th. It’s up 0.26 per cent d/d and down 1.31 per cent y/y.

OMXR (of Riga) decreased from 984.67 index points Friday, March 15th to 981.56 index points Monday, March 18th. It’s down 0.32 per cent d/d and down 4.94 per cent y/y.

OMXT (of Tallinn) increased from 1228.13 index points Friday, March 15th to 1235.36 index points Monday, March 18th. It’s up 0.59 per cent d/d and down 6.08 per cent y/y.

OMXV (of Vilnius) decreased from 655.00 index points Friday, March 15th to 654.53 index points Monday, March 18th. It’s down 0.07 per cent d/d and down 4.55 per cent y/y.

PX (of Prague) increased from 1070.29 index points Friday, March 15th to 1076.73 index points Monday, March 18th. It’s up 0.60 per cent d/d and down 3.58 per cent y/y.

SAX (of Bratislava) decreased from 343.35 index points Friday, March 15th to 341.45 index points Monday, March 18th. It’s down 0.55 per cent d/d and up 1.19 per cent y/y.

SOFIX (of Sofia) increased from 583.80 index points Friday, March 15th to 586.00 index points Monday, March 18th. It’s up 0.38 per cent d/d and down 12.77 per cent y/y.

UX (of Kyiv) closed at 1700.69 index points Monday, March 18th. It’s the same result as Friday’s. It’s 0 per cent change d/d and up 3.74 per cent y/y.

WIG20 (of Warsaw) decreased from 2346.25 index points Friday, March 15th to 2345.84 index points Monday, March 18th. It’s down 0.02 per cent d/d and up 4.33 per cent y/y.

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