Bulgaria: EUR600m for Belene Nuclear Power Plant
Inflation in Slovenia at 0.6 per cent in November 2016
Moldova up 24 positions in World Bank Paying Taxes
Czech Republic and Slovakia
The capitals of the Czech Republic and Slovakia, Prague and Bratislava, will finally get a better train connection, starting from December 11th. The journey time is four hours (328 kilometers). The Spectator reports that the Czech private transportation company, RegioJet, has changed the timetable to have a train connection two times a day.
Trains will leave Bratislava early in the morning and in the afternoon; from Prague later in the morning and also mid-afternoon. RegioJet will also launch a connection from Prague through Brno and Břeclav to Hodonín in the District of Morava, and to the town of Staré Město near Uherské Hradiště, once a day.
Bulgarian government has decided to allocate EUR601m from the budget surplus to the National Electric Company (NEK) as a state assistance. “The funds must be used by NEK to pay Russian Atomstroyexport for the equipment ordered for the Belene nuclear power plant,” Novinite.com informs.
Bulgaria is obliged (after the ruling of the international arbitration) to pay Russians so the Bulgariam parliament adopted a law permitting the allocation of the state funds in September.
Meanwhile, the country undertook the commitment to the Russian side to pay the principal by December 15th in exchange for which it will be remitted EUR23m in interest. The assistance was lent by the Energy Ministry and NEK has undertaken the obligation to pay it back within 7 years. The assistance has been allocated after receiving the European Commission approval.
Bulgaria has been dependent on the nuclear energy since the 1970s. The decision of constructing Belene was taken in the 1980s. After years of starting, withdrawing from and restarting the project (and deciding to pay Russians for not finishing it) Bulgarian government announced it will try to build the plant through privatization.
Slovenia’s consumer prices rose 0.6 per cent y/y in November 2016. In October 2016 the rate was the same.
Slovenian Statistics Office informed higher prices of services and goods contributed 0.5 percentage point and 0.1 percentage point, respectively, to the annual inflation rate in November 2016. According to the data, shown on a monthly comparison basis, consumer prices rose by 0.1 per cent in November, after increasing by 0.5 per cent in October 2016.
“At the annual level, price growth was supported by higher prices of food and non-alcoholic beverages, which increased by 1.3 per cent year-on-year in November. Prices of communications increased by 1.8 per cent and prices in restaurants rose by 0.9 per cent. Prices of furnishing, household equipment and maintenance grew by 0.8 per cent,” SEE News Corporate Wire informs.
Moldpres reports that Moldova has gone up 24 positions, compared to 2015, to position 31, in the World Bank Paying Taxes 2017. The survey was conducted in partnership with PwC and reviews tax procedures in 190 countries of the world.
Moldova got 84.76 points out of 100 possible which is a result close to the EU average. Countries in the region have lower scores, Romania is ranked on position 43, Russian Federation is ranked on position 49 and Ukraine is ranked on 111.
“The total tax rate in Moldova is 6.2 per cent higher than the regional average and represents a share of 40.4 per cent of total revenues, a result identical to one in Poland and Holland,” Moldpres points out.
What’s up in indexes
BUX (of Budapest) was up 0.66 per cent – increasing from 29816.30 index points Tuesday, November 29th to 30014.04 index points Wednesday, November 30th. From year-end it’s up 24.47 per cent.
BET (of Bucharest Stock Exchange) increased from 6833.93 index points Tuesday, November 29th to 6832.15 index points Wednesday, November 30th. So it’s up 0.53 per cent d/d. From year-end it dropped by 2.43 per cent.
PX (of Prague) increased from 879.33 index points Tuesday, November 29th to 881.22 index points Wednesday, November 30th. So it’s up 0.21 per cent d/d. From year-end it dropped by 7.85.
WIG20 (of Warsaw) was up 1.02 per cent – increasing from 1780.04 index points Tuesday, November 29th to 1798.22 index points Wednesday, November 30th. From year-end it dropped by 3.28 per cent.
OMXT (of Tallinn) decreased from 1043.65 index points Tuesday, November 29th to 1042.84 index points Wednesday, November 30th. So it dropped by 0.08 per cent d/d. From year it’s up 16.00 per cent.
OMXR (of Riga) decreased from 745.74 index points Tuesday, November 29th to 744.95 index points Wednesday, November 30th. So it dropped by 0.11 per cent d/d. From year-end it’s up 25.34 per cent.
OMXV (of Vilnius) dropped by 0.10 per cent – falling from 557.76 index points Tuesday, November 29th to 557.20 index points Wednesday, November 30th. From year-end it’s up 14.65 per cent.
SAX (of Bratislava) increased from 305.00 index points Tuesday, November 29th to 305.20. So it’s up 0.07 per cent d/d. From year-end it’s up 4.40 per cent.
SOFIX (of Sofia) was up 0.51 per cent d/d and up 22.11 per cent from year-end. It increased from 559.94 index points Tuesday, November 29th to 562.82 index points Wednesday, November 30th.
UX (of Kyiv) was up 1.14 per cent d/d and up 17.84 per cent from year-end. It increased from 799.06 index points Tuesday, Monday November 29th to 808.19 index points Wednesday, November 30th.
CROBEX (of Zagreb) was up 0.27 per cent – increasing from 1992.47 index points Tuesday, November 29th to 1997.81 index points Wednesday, November 30th. From year-end it’s up 18.24 per cent.