Hungary will get natural gas from the TurkStream

(TurkStream, Public domain)

Czech start-up won a prestigious competition

35,000 Romanians have bank deposits over EUR100,000

Hungary

Russia will begin delivering its natural gas to Hungary via the TurkStream pipeline in the H2’21, Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto said. He added it may be possible that “Russia will no longer be shipping gas to the European continent via Ukraine. We must prepare for this scenario, because we must always take into account the worst possible scenario when planning the security of the country’s energy supply.”

The TurkStream project includes construction of a gas pipeline under the Black Sea to the European part of Turkey and further to the border with Greece. The first pipeline will supply the Turkish market, the second — some of the CSE countries.

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Czech Republic

Spaceti, the Czech start-up that provides an integrated suite of data analytics, smart sensors and mobile user’s interfaces to optimize the use of office space, increase productivity and the wellbeing of employees, was named the world’s top property technology (PropTech) company at the MIPIM Start-up Competition in Cannes, Radio Praha informed.

“One of our core competitive advantages is being based here in Prague, in the Czech Republic, where we have a strong workforce of talented engineers who are multilingual, have a very strong basis in mathematics and computer science and a variety of other hard sciences for a very reasonable price compared to other countries in Europe — not to mention San Francisco and New York,” Spaceti co-founder Aakas Ravi said.

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Romania

The number of Romanians with bank deposits over EUR100,000 reached 35,181 at the end of 2018, according to data from Bank Loan Guarantee Fund (FRGC). In 2018, Romanians deposited a total of EUR127bn, 10 per cent up y/y. By comparison, in 2010 only 12,665 Romanians had deposits in banks of over EUR100,000, with a cumulated value of EUR3bn, FRGC informed.

Romania’s National Bank (BNR) also informed that in general over 10 million people had bank deposits in Romania.

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What’s up in indexes

BET (of Bucharest) decreased from 8031.50 index points Friday, March 22nd to 7971.31 index points Monday, March 25th. It’s down 0.75 per cent d/d and down 8.62 per cent y/y.

BUX (of Budapest) decreased from 41931.67 index points Friday, March 22nd to 41605.00 index points Monday, March 25th. It’s down 0.78 per cent d/d and up 12.2 per cent y/y.

CROBEX (of Zagreb) decreased from 1,1805.12 index points Friday, March 22nd to 1,793.30 index points Monday, March 25th. It’s down 0.35 per cent d/d and up 0.51 per cent y/y.

OMXR (of Riga) decreased from 977.73 index points Friday, March 22nd to 970.45 index points Monday, March 25th. It’s down 0.74 per cent d/d and down 6.73 per cent y/y.

OMXT (of Tallinn) increased from 1237.21 index points Friday, March 22nd to 1238.97 index points Monday, March 25th. It’s up 0.14 per cent d/d and down 2.29 per cent y/y.

OMXV (of Vilnius) decreased from 658.64 index points Friday, March 22nd to 655.84 index points Monday, March 25th. It’s down 0.42 per cent d/d and down 4.71per cent y/y.

PX (of Prague) decreased from 1079.35 index points Friday, March 22nd to 1076.33 index points Monday, March 25th. It’s up 0.28 per cent d/d and down 3.07 per cent y/y.

SAX (of Bratislava) decreased from 347.22 index points Friday, March 22nd to 345.93 index points Monday, March 25th. It’s down 0.37 per cent d/d and up 4.01 per cent y/y.

SOFIX (of Sofia) decreased from 582.34 index points Friday, March 22nd to 582.00 index points Monday, March 25th. It’s down 0.06 per cent d/d and down 10.98 per cent y/y.

UX (of Kyiv) decreased from 1707.17 index points Friday, March 22nd to 1683.75 index points Monday, March 25th. It’s down 1.37 per cent d/d and up 0.64 per cent y/y.

WIG20 (of Warsaw) decreased from 2319.10 index points Friday, March 22nd to 2312.79 index points Monday, March 25th. It’s down 0.27 per cent d/d and up 3.22 per cent y/y.

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