Latvia: EUR3.2m investment in space exploration projects

(Ta'Hos, CC BY-NC)

EC to mediate between Ukraine and Russia on gas transit

Gambling company trades its bonds on the Bucharest Stock Exchange

Latvia

The Baltic Course reports that Latvia has supported 27 space exploration projects, investing more than EUR3.2m. It is an important step for Latvia to become a full member of the European Space Agency (ESA). The country has to contribute a certain percentage of its GDP to ESA projects over a period of several years. The total amount of investments is EUR4m.

Latvian Finance Minister Dana Reizniece-Ozola explained that exploration projects not only are supported by research institutions but also the private sector (Balti Scientific Instruments, Eventech and RD Alfa).

Latvia signed a cooperation agreement with the ESA in 2009. In 2013, Latvia became a cooperating state.

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Ukraine-Russia

“It is important for us to have a viable transit route through Ukraine after 2019. We think that commercial deals on gas transit expiring in 2019 should be prolonged,” Maros Sefcovic, Vice-President of the European Commission, in charge of Energy Union, said in an interview with Interfax-Ukraine.

As the Interfax reports, the European Commission (EC) wants to retain transit of Russian gas across Ukraine and is ready to mediate between Ukrainian and Russian sides on the issue.

Sefcovic pointed out that in the midst of Ukrainian-Russian crisis, and especially during the last 2 years, gas transit across Ukraine has increased, reaching a record-breaking level.

“We cannot have only two routes instead of three (Ukraine and Nord Stream). We cannot ignore a big gas transmission system being constructed for many years in Ukraine,” Sefcovic added.

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Romania

Romanian gambling company Superbet Betting&Gaming started trading its bonds on the Bucharest Stock Exchange, after receiving the approval from the Financial Supervisory Authority. The company wants to enter other CEE markets, including Poland.

In January 2017 the company issued about 97,000 bonds with a nominal value of RON100 (EUR21.63). The bonds reach maturity in January 2020 and pay a yearly interest of 12 per cent.

The Cyprus-based company operates 600 units in Romania and recorded a six-fold increase in its turnover in 2016. Its net profit jumped to EUR5.9m (fourfold increase). The headcount is 1,700.

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What’s up in indexes

BET (of Bucharest) decreased from 7,964.35 index points Tuesday, September 19th to 7,918.05 index points Wednesday, September 20th. It’s down 0.58 per cent d/d and up 13.44 per cent y/y.

BUX (of Budapest) decreased from 38,176.08 index points Tuesday, September 19th to 38,108.04 index points Wednesday, September 20th. It’s down 0.18 per cent d/d and up 35.09 per cent y/y.

CROBEX (of Zagreb) decreased from 1825.,28 index points Tuesday, September 19th to 1,821.11 index points Wednesday, September 20th. It’s down 0.23 per cent and down 3.35 per cent y/y.

OMXR (of Riga) decreased from to 997.63 index points Tuesday, September 19th to 992.19 index points Wednesday, September 20th. It’s down 0.55 per cent d/d and up 40.08 per cent y/y.

OMXT (of Tallinn) decreased from 1,240.67 index points Tuesday, September 19th to 1,234.59 index points Wednesday, September 20th. It’s down 0.49 per cent d/d and up 23.27 per cent y/y.

OMXV (of Vilnius) closed at 644.89 index points Wednesday, September 20th. It’s the same result as Tuesday’s. It’s zero per cent change d/d and up 19.00 per cent y/y.

PX (of Prague) decreased from 1,047.51 index points Tuesday, September 19th to 1,047.31 index points Wednesday, September 20th. It’s down 0.02 per cent d/d and up 21.00 per cent y/y.

SAX (of Bratislava) increased from 331.36 index points Tuesday, September 19th to 335.16 index points Wednesday, September 20th. It’s up 1.15 per cent d/d and up 1.15 per cent y/y.

SOFIX (of Sofia) increased from 670.33 index points Tuesday, September 19th to 677.65 index points Wednesday, September 20th. It’s up 1.09 per cent d/d and up 41.30 per cent y/y.

UX (of Kyiv) increased from 1,130.23 index points Tuesday, September 19th to 1,134.58 index points Wednesday, September 20th. It’s up 0.38 per cent d/d and up 44.78 per cent y/y.

WIG20 (of Warsaw) decreased from 2,502.81 index points Tuesday, September 19th to 2,499.63 index points Wednesday, September 20th. It’s down 0.13 per cent d/d and up 42.38 per cent y/y.

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