In 2018 FDI inflows in the CSE declined

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Russia to introduce new commercial aircraft

First mobile bank to open in Croatia

CSE

In 2018, FDI inflows to CSE declined, Vienna Institute of International Economic Studies (WIIW) informed in its annual report. According to experts the main cause of the decline is Russia, while inflows to the rest of the region is either at the same level as a year before or increased. However, WIIW expects lower inflows in 2019 in the CSE due to declining global economy.

Germany and the US are the most important sources of FDI in CSE. Netherlands, Cyprus and Luxembourg are among the largest immediate investors.

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Russia

The MC-21 medium-haul airliner, which Russia is developing, will be shown to the public for the first time during the MAKS-2019 air show this summer, TASS News Agency informed. MC-21, designed as the first (since the Soviet era) Russian commercial, medium-haul aircraft, is expected to obtain certification by 2020. It has been postponed since 2017, mostly due to problems with the wing.

After MC-21 test flight in 2017 it turned out that the wing required further modifications, and then, in 2018, the delivery of necessary composites was halted by the US sanctions.

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Croatia

First local mobile bank in the Republic of Croatia, developed by Croatian telecom (Hrvatski telekom) and Zagrebačka banka, is now ready for testing, Poslovni Dnevnik daily informs.

“This service, called Telekom Banking, will be set up and ready online in the summer,” Goran Lončarić, head of Telekom Banking at Croatian Telecom said.

Mobile banks operate like other mobile apps and are not the same as mobile banking services offered by the banks in Croatia. Registration of users in mobile banks is done via mobile phones, without any paperwork. Clients immediately receive a current account with an IBAN valid throughout Europe.

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What’s up in indexes

BET (of Bucharest) increased from 8570.18 index points Wednesday, June 5th to 8627.69 index points Thursday, June 6th. It’s up 0.19 per cent d/d and up 4.08 per cent y/y.

BUX (of Budapest) decreased from 41074.00 index points Wednesday, June 5th to 41000.00 index points Thursday, June 6th. It’s down 0.18 per cent d/d and up 10.3 per cent y/y.

OMXR (of Riga) increased from 1064.41 index points Wednesday, June 5th to 1070.52 index points Thursday, June 6th. It’s up 1.22 per cent d/d and up 2.23 per cent y/y.

OMXT (of Tallinn) increased from 1251.27 index points Wednesday, June 5th to 1252.27 index points Thursday, June 6th. It’s up 0.26 per cent d/d and up 0.22 per cent y/y.

OMXV (of Vilnius) decreased from 675.22 index points Wednesday, June 5th to 674.26 index points Thursday, June 6th. It’s down 0.24 per cent d/d and down 5.27 per cent y/y.

PX (of Prague) decreased from 1052.68 index points Wednesday, June 5th to 1048.39 index points Thursday, June 6th. It’s down 0.41 per cent d/d and down 2.32 per cent y/y.

RTS (of Moscow) increased from 1303.35 index points Wednesday, June 5th to 1319.85 index points Thursday, June 6th. It’s up 1.27 per cent d/d and up 12.1 per cent y/y.

SAX (of Bratislava) decreased from 345.46 index points Wednesday, June 5th to 341.52 index points Thursday, June 6th. It’s down 1.14 per cent d/d and up 2.03 per cent y/y.

SOFIX (of Sofia) increased from 577.60 index points Wednesday, June 5th to 579.00 index points Thursday, June 6th. It’ up 0.24 per cent d/d and down 8.70 per cent y/y.

UX (of Kyiv) decreased from 1731.75  index points Wednesday, June 5th to 1727.06 index points Thursday, June 6th. It’s down 0.27 per cent d/d and up 5.58 per cent y/y.

WIG20 (of Warsaw) increased from 2223.27 index points Wednesday, June 5th to 2260.94 index points Thursday, June 6th. It’s up 1.69 per cent d/d and up 0.19 per cent y/y.

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