IKEA to open its first store in Slovenia

(Kgbo, CC BY-SA)

US moves ahead with Nord Stream 2 sanctions

Many Czech companies use EUR among themselves

Slovenia

IKEA, Swedish furniture retailer, begins the construction of its first department store in Slovenia, located within the retail complex BTC City in Ljubljana, STA Press Agency informed.

IKEA is planning to invest around EUR90m in the new department store. According to the company’s estimates, construction works will take one year to complete, as preparatory works can begin in the summer. In the Southeast Europe IKEA is present in Croatia, Bulgaria and Serbia.

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CSE, Russia

The US is preparing to impose sanctions on EU firms that co-finance Russia’s Nord Stream 2 pipeline and are involved in laying the pipes in the Baltic Sea, The Wall Street Journal reports. The US says the pipeline poses a strategic risk of Russian energy dependence especially in the CSE countries.

The EUR11bn pipeline project, being implemented by Russia’s Gazprom with Western firms including Germany’s Uniper and Wintershall, aims to deliver Russian gas directly to Germany under the Baltic Sea.

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Czech Republic

According to data released by the Czech Chamber of Commerce, more than a fifth of all payments to domestic suppliers are now carried out in the EUR.

“Exporters generally prefer to have the EUR as a principal payment because they sell most of their goods abroad and they get the EUR for that. So they also prefer to pay their suppliers in the EUR. Czech business sector would prefer faster adoption of the EUR,” Jan Bureš of Patria Finance commented.

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What’s up in indexes

BET (of Bucharest) increased from 7844.33 index points Friday, March 8th to 7927.24 index points Monday, March 11th. It’s up 0.68 per cent d/d and down 6.87 per cent y/y.

BUX (of Budapest) increased from 40288.44 index points Friday, March 8th to 40820.00 index points Monday, March 11th. It’s up 1.32 per cent d/d and up 5.28 per cent y/y.

CROBEX (of Zagreb) decreased from 1,762.21 index points Friday, March 8th to 1,734.15 index points Monday, March 11th. It’s down 0.11 per cent d/d and down 2.36 per cent y/y.

OMXR (of Riga) decreased from 988.79 index points Friday, March 8th to 985.22 index points Monday, March 11th. It’s down 0.36 per cent d/d and down 5.89 per cent y/y.

OMXT (of Tallinn) increased from 1246.82 index points Friday, March 8th to 1250.62 index points Monday, March 11th. It’s up 0.30 per cent d/d and down 4.23 per cent y/y.

OMXV (of Vilnius) decreased from 655.15 index points Friday, March 8th to 652.69 index points Monday, March 11th. It’s down 0.37 per cent d/d and down 4.52 per cent y/y.

PX (of Prague) decreased from 1061.46 index points Friday, March 8th to 1059.68 index points Monday, March 11th. It’s down 0.17 per cent d/d and down 4.87 per cent y/y.

SAX (of Bratislava) increased from 342.35 index points Friday, March 8th to 342.73 index points Monday, March 11th. It’s up 0.11 per cent d/d and up 4.73 per cent y/y.

SOFIX (of Sofia) decreased from 584.00 index points Friday, March 8th to 582.51 index points Monday, March 11th. It’s down 0.27 per cent d/d and down 14.71 per cent y/y.

UX (of Kyiv) increased from 1690.05 index points Friday, March 8th to 1692.62 index points Monday, March 11th. It’s up 0.15 per cent d/d and up 3.66 per cent y/y.

WIG20 (of Warsaw) increased from 2298.97 index points Friday, March 8th to 2300.22 index points Monday, March 11th. It’s up 0.05 per cent d/d and down 3.30 per cent y/y.

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