In 2018, FDI in Romania increased 10 per cent y/y

(Classic Bucharest, CC BY-NC)

Estonian Swedbank fires three executives due to AML

Slovenia flag carrier files for bankruptcy

Romania

In 2018, the value of the foreign direct investment (FDI) in Romania was EUR5.27bn, up 10 per cent y/y, The National Bank of Romania (BNR) informed. BNR conducted the annual statistical survey regarding FDI in cooperation with the National Institute of Statistics (INS).

By source of capital, the highest foreign direct investment at the end of 2018 came from the Netherlands (23.9 per cent of the total), Germany (12.7 per cent), Austria (12.2 per cent), and Italy (9.5 per cent). FDI companies in Romania accounted for 75 per cent of the country’s exports of goods and 68 per cent of the imports.

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Estonia

Swedbank has fired three executives from its Estonian branch due to an international money laundering investigation, the company informed. “The decision is based on information concerning historical shortcomings connected to AML work. At this point of time, no criminal activities have been identified or reported,” Bjorn Elfstrand, Council Chair of Swedbank Estonia, said in a statement.

According to Bloomberg, Estonia has emerged as ground zero for one of Europe’s worst laundering cases ever, after the local branches of both Danske and Swedbank were allegedly used to funnel billions of the USD in suspicious funds from the former Soviet Union into the West.

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Slovenia

Slovenian airline Adria Airways has filed for bankruptcy and canceled all flights, after financial problems forced it to ground most of its planes in the last week. “Bankruptcy proceedings were initiated by the management of the company because of the insolvency,” Adria, which is owned by German investment firm 4K Invest, informed.

Slovenian Economy Minister Zdravko Pocivalsek said the government was considering establishing a new airline company to improve the country’s international connections. “Adria’s bankruptcy was very damaging to Slovenia’s economy and tourism industry,” the minister stressed.

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What’s up in indexes

BET (of Bucharest) decreased from 9573.12 index points Monday, September 30th to 9555.09 index points Tuesday, October 1st. It’s down 0.20 per cent d/d and up 13.2 per cent y/y.

BUX (of Budapest) decreased from 40601.00 index points Monday, September 30th to 40112.00 index points Tuesday, October 1st. It’s down 1.20 per cent d/d and up 8.75 per cent y/y.

OMXR (of Riga) increased from 1035.22 index points Monday, September 30th to 1035.44 index points Tuesday, October 1st. It’s up 0.68 per cent d/d and up 6.12 per cent y/y.

OMXT (of Tallinn) increased from 1235.22 index points Monday, September 30th to 1235.87 index points Tuesday, October 1st. It’s up 0.05 per cent d/d and up 1.42 per cent y/y.

OMXV (of Vilnius) decreased from 690.62 index points Monday, September 30th to 690.06 index points Tuesday, October 1st. It’s down 0.08 per cent d/d and up 0.70 per cent y/y.

PX (of Prague) increased from 1038.45 index points Monday, September 30th to 1041.75 index points Tuesday, October 1st. It’s up 0.32 per cent d/d and down 5.14 per cent y/y.

RTS (of Moscow) decreased from 1333.91 index points Monday, September 30th to 1329.37 index points Tuesday, October 1st. It’s down 0.34 per cent d/d and up 11.6 per cent y/y.

SAX (of Bratislava) increased from 341.68 index points Monday, September 30th to 342.01 index points Tuesday, October 1st. It’s up 0.10 per cent d/d and up 3.95 per cent y/y.

SOFIX (of Sofia) decreased from 570.50 index points Monday, September 30th to 569.30 index points Tuesday, October 1st. It’s down 0.22 per cent d/d and down 9.02 per cent y/y.

UX (of Kyiv) decreased from 1561.74 index points Monday, September 30th to 1534.30 index points Tuesday, October 1st. It’s down 1.76 per cent d/d and down 7.64 per cent y/y.

WIG20 (of Warsaw) decreased from 2173.29 index points Monday, September 30th to 2152.50 index points Tuesday, October 1st. It’s down 0.96 per cent d/d and down 5.76 per cent y/y.

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