In Poland all payment terminals are contactless

(Maria Bninska, Public domain)

Czech Unipetrol wants to loan crude oil from state reserves

Lithuania considers offering e-resident status to foreigners

Poland

Poles had 41.2 million payment cards by the end of 2018, up 817,000 from Q3’18, the National Bank of Poland (NBP) informed. Debit cards made up 79 per cent of all payment cards issued in Poland, credit cards were the next most popular type (14.2 per cent).

Contactless payment cards continue to gain popularity in Poland, with 34.7 million cards on the market by the end of December 2018. According to Visa Inc. Poland is the first country in the world where all payment terminals are devices that support contactless payments.

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Czech Republic

The Unipetrol’s oil-refinery in Litvínov, the only crude oil processing company in the Czech Republic, has asked the government to loan the firm crude oil from state reserves due to a break in supplies from Russia. Pavel Švagr, head of the Administration of State Material Reserves, said the situation was serious and called an emergency meeting with the country’s main suppliers. He is also in touch with the his counterparts in neighboring states. 

The government agreed to provide Unipetrol with oil from the state reserve, FinMin Alena Schillerova said and added that there were currently commercial oil reserves for about 30 days, while the state reserve could provide additional oil quantities for 84 more days. She didn’t say when the issue would be resolved, only hoping that a solution will arrive soon.

The Czech Republic stopped receiving Russian crude oil shipments via the Druzhba pipeline because of the contamination of oil. 

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Lithuania

The Lithuanian government is considering introducing, based on the Estonian model, the status of an e-resident to allow foreigners to set up companies, open bank accounts or declare taxes online. “We see how the world is moving, how mobile it is, and how electronic services, fintech services are developing. We must make it possible in Lithuania, too,” Interior Minister Eimutis Misiunas told BNS News Agency.

Interior Ministry proposes to launch the e-residency program in 2021. If the government endorses the bill, it will go to the parliament for approval.

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What’s up in indexes

Monday, April 29th was a non-trading day at Bucharest Stock Exchange. BET (of Bucharest) closed at 8422.33 index points Thursday, April 25th. It’s down 6.48 per cent y/y.

BUX (of Budapest) decreased from 43064.40 index points Friday, April 26th to 42470.00 index points Monday, April 29th. It’s down 1.38 per cent d/d and up 11.9 per cent y/y.

OMXR (of Riga) decreased from 1029.51 index points Friday, April 26th to 1026.19 index points Monday, April 29th. It’s down 0.32 per cent d/d and down 8.22 per cent y/y.

OMXT (of Tallinn) decreased from 1261.70 index points Friday, April 26th to 1256.82 index points Monday, April 29th. It’s down 0.39 per cent d/d and up 0.29 per cent y/y.

OMXV (of Vilnius) increased from 674.85 index points Friday, April 26th to 678.38 index points Monday, April 29th. It’s up 0.52 per cent d/d and down 3.74 per cent y/y.

PX (of Prague) decreased from 1091.47 index points Friday, April 26th to 1070.23 index points Monday, April 29th. It’s down 1.95 per cent d/d and down 4.10 per cent y/y.

RTS (of Moscow) increased from 1247.01 index points Friday, April 26th to 1254.96 index points Monday, April 29th. It’s up 0.64 per cent d/d and up 8.75 per cent y/y.

SAX (of Bratislava) decreased from 360.86 index points Friday, April 26th to 358.96 index points Monday, April 29th. It’s down 0.53 per cent d/d and up 8.72 per cent y/y.

Monday, April 29th was a non-trading day at Sofia Stock Exchange. SOFIX (of Sofia) closed at 537.77 index points Thursday, April 25th. It’s down 13.47 per cent y/y.

Monday, April 29th was a non-trading day at Kyiv Stock Exchange. UX (of Kyiv) closed at 1692.44 index points Friday, April 26th. It’s down 5.55 per cent y/y.

WIG20 (of Warsaw) decreased from 2372.25 index points Friday, April 26th to 2368.08 index points Monday, April 29th. It’s down 0.18 per cent d/d and up 3.33 per cent y/y.

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