Hungarian Wizz Air profits fall 88 per cent y/y

(Marco Molinari, CC BY-NC-ND)

Polish energy firm looks for investment partners

Slovak gambling market open to competition

Hungary

Wizz Air, Hungarian low-cost airline, informed that pretax profits for its FY Q3, ending December 2018 (WizzAir financial year, FY, is March-February), fell 88 per cent, mainly due to increased expenditures on aviation fuel and staff. The expenses increased 25.6 per cent to EUR512m. Wizz Air’s CEO József Váradi said he hopes to have full-year net profits between EUR270-300m.

Wizz Air’s number of passengers increased 14.9 per cent to 8.1 million, while revenues increased 21.2 per cent to EUR512.7m in the Q3 of FY.

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Poland

Polish state-owned energy giant PGE is looking for an experienced partner to build a wind farm off the Baltic coast. The value of investment is estimated at EUR7bn. According to PAP newswire thirteen international companies are interested. The offshore wind farm, capable of generating 2545 MW, is planned near Łeba, the Baltic seaside resort.

PGE will chose the partner by the end of 2019, and the wind farm is expected to be finished around 2025.

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Slovakia

Slovakia will liberalize online gambling after MPs overrode President Andrej Kiska veto and adopted the new law. The legislation will end the online gambling monopoly of the state-owned, national lottery operator Tipos, the SITA newswire reported.

For the first time, Slovakia will allow private companies to apply for licenses. Individual online licenses will cost operators EUR3m apiece or EUR5m for a dual-product permit. Moreover, a new gambling regulatory authority will be established.

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What’s up in indexes

BET (of Bucharest) increased from 6942.06 index points Tuesday, January 29th to 7022.04 index points Wednesday, January 30th. It’s up 0.95 per cent d/d and down 16.04 per cent y/y.

BUX (of Budapest) decreased from 41146.00 index points Tuesday, January 29th to 40863.00 index points Wednesday, January 30th. It’s down 0.69 per cent d/d and up 2.35 per cent y/y.

CROBEX (of Zagreb) increased from to 1,758.02 index points Tuesday, January 29th to 1,762.17 index points Wednesday, January 30th. It’s up 0.24 per cent d/d and down 3.68 per cent y/y.

OMXR (of Riga) increased from 983.65 index points Tuesday, January 29th to 987.46 index points Wednesday, January 30th. It’s up 0.39 per cent d/d and down 4.70 per cent y/y.

OMXT (of Tallinn) increased from 1229.78 index points Tuesday, January 29th to 1239.91 index points Wednesday, January 30th. It’s up 0.82 per cent d/d and down 3.94 per cent y/y.

OMXV (of Vilnius) increased from 646.29 index points Tuesday, January 29th to 646.68 index points Wednesday, January 30th. It’s up 0.06 per cent d/d and down 11.38per cent y/y.

PX (of Prague) increased from 1029.60 index points Tuesday, January 29th to 1034.95 index points Wednesday, January 30th. It’s up 0.52 per cent d/d and down 8.20 per cent y/y.

SAX (of Bratislava) closed at 331.51 index points Wednesday, January 30th. It’s the same result as Tuesday’s. It’s 0 per cent change d/d and down 2.20 per cent y/y.

SOFIX (of Sofia) increased from 573.60 index points Tuesday, January 29th. to 575.20 index points Wednesday, January 30th. It’s up 0.27 per cent d/d and down 19.08 per cent y/y.

UX (of Kyiv) closed at 1,710.65 index points Wednesday, January 30th. It’s the same result as Tuesday’s. It’s 0 per cent change d/d and up 15.52 per cent y/y.

WIG20 (of Warsaw) decreased from 2373.30 index points Tuesday, January 29th to 2357.79 index points Wednesday, January 30th. It’s down 0.65 per cent d/d and down 8.12 per cent y/y.

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