In Bulgaria prices of agricultural land increased

(flyingfabi, CC BY-NC 2.0)

The US will help Ukraine in case of natural gas shortages

More than 300,000 Hungarians work in German companies

Bulgaria

In 2018, the average price of agricultural land increased by 12.6 per cent and 4.3 per cent y/y respectively, the National Statistical Institute (NSI) said.

The average price per hectare of agricultural land reached BGN941 (EUR481). Traditionally, the highest price was reported in the northeast region, BNG1,345 (EUR687) per hectare, while the price in the southwest region remained the lowest, BNG198 (EUR101), NSI data showed.

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Ukraine

“The US is willing to help Ukraine in case of a possible lack of natural gas supplies from Russia in 2020,” Economic Counselor of the U.S. Embassy in Ukraine JP Schutte said and added “Ukraine must be prepared in case Russia cuts off gas transit through Ukraine in 2020, as it has threatened to do. The United States stands ready to help Ukraine to prepare for this. Ukrainian companies need to take the necessary steps now to buy and store the gas needed for winter. We also support carefully prepared electricity market reforms, an independent and competent energy regulator, and eventual integration of the electricity grid with Europe,” Mr. Schutte announced.

Earlier this year director of Ukraine’s national gas company Naftogaz, Yuriy Vitrenko said that the company’s the worst case scenario is that all deliveries of Russian gas, including the transit of gas to European countries, will cease on January 2020. According to Mr. Vitrenko Russia is preparing to cut Ukraine off even if the controversial Nord Stream 2 pipeline is delayed or stopped.

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Hungary

The number of jobs created by German companies in Hungary exceeds 300,000 and 30 per cent of Hungary’s FDI came from Germany, the country’s Minister of Foreign Affairs and Trade Péter Szijjártó informed.

“Hungary’s cooperation with German companies is based on mutual benefits. Hungarian attractive investment environment allowed German companies to invest and to strengthen their roles in the global economy, while increasing the value-added and the proportion of R&D in Hungarian workplaces” Mr Szijjártó added talking with MTI News Agency.

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What’s up in indexes

BET (of Bucharest) decreased from 8633.72 index points Tuesday, June 11th to 8596.19 index points Wednesday, June 12th. It’s down 0.27 per cent d/d and up 3.67 per cent y/y.

BUX (of Budapest) decreased from 41235.00 index points Tuesday, June 11th to 40592.00 index points Wednesday, June 12th. It’s down 1.56 per cent d/d and up 11.7 per cent y/y.

OMXR (of Riga) increased from 1069.43 index points Tuesday, June 11th to 1078.32 index points Wednesday, June 12th. It’s up 0.83 per cent d/d and up 3.48 per cent y/y.

OMXT (of Tallinn) decreased from 1255.92 index points Tuesday, June 11th to 1251.15 index points Wednesday, June 12th. It’s down 0.38 per cent d/d and down 0.55 per cent y/y.

OMXV (of Vilnius) decreased from 673.92 index points Tuesday, June 11th to 671.44 index points Wednesday, June 12th. It’s down 0.37 per cent d/d and down 5.81 per cent y/y.

PX (of Prague) decreased from 1061.89 index points Tuesday, June 11th to 1051.99 index points Wednesday, June 12th. It’s down 0.93 per cent d/d and down 2.50 per cent y/y.

Wednesday, June 12th was a non-trading day at Moscow Stock Exchange. RTS (of Moscow) closed at 1343.33 index points Tuesday, June 11th. It’s up 17.6 per cent y/y

SAX (of Bratislava) increased from 342.38 index points Tuesday, June 11th to 343.60 index points Wednesday, June 12th. It’s up 0.36 per cent d/d and up 4.38 per cent y/y.

SOFIX (of Sofia) decreased from 580.30 index points Tuesday, June 11th to 578.60 index points Wednesday, June 12th. It’ down 0.30 per cent d/d and down 8.50 per cent y/y.

UX (of Kyiv) closed at 1647.16 index points Wednesday, June 12th. It’s the same result as Tuesday’s. It’s 0 per cent change d/d and up 1.51 per cent y/y.

WIG20 (of Warsaw) decreased from 2295.60 index points Tuesday, June 11th to 2282.80 index points Wednesday, June 12th. It’s down 0.56 per cent d/d and up 1.35 per cent y/y.

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