Latvia’s contributions to ESM increased to EUR221.2m

Riga, Latvia (Xiquinho Silva, CC BY)

Industrial production in Romania up 4.6 per cent

Hungarian President to participate in the Global Climate Action Summit

Latvia

Latvia’s Finance Ministry informed that in 2017 the country’s contributions to the European Stability Mechanism (ESM) increased by EUR44.24m to EUR221.2m.

ESM is a permanent mechanism that provides financial aid to the countries of the Eurozone coping with financial problems. It issues debt instruments “in order to finance loans and other forms of financial assistance to euro area Member States”.

Latvia joined the Eurozone in 2014.

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Romania

Romania’s industrial production increased by 4.6 per cent in the first seven months of 2018 y/y, according to data from the National Statistics Institute (INS).The Romania Insider informs that the manufacturing industry went up by 5.7 per cent while the mining industry increased by 2.8 per cent in the same period. The energy and utilities sector, however, declined by 1.1 per cent.

Industry had the highest contribution to Romania’s (GDP and to the economic growth in the first half of this year.

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Hungary

Hungary’s President János Áder will participate in the Global Climate Action Summit that takes place on September 12-15 in San Francisco, USA.

The President’s Office informed that Mr. Áder will also visit the headquarters of non-profit research institute SRI International and X Development’s Mountain View headquarters. The Budapest Business Journal reminds that the SRI (Stanford Research Institute) was involved in such innovations as Apple’s Siri and “significant developments in online banking and ultrasound examinations”.

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What’s up in indexes

BET (of Bucharest) decreased from 8,300.72 index points Monday, September 10th to 8,280.61 index points Tuesday, September 11th. It’s down 0.02 per cent d/d and up 3.39 per cent y/y.

BUX (of Budapest) decreased from 37,203.00 index points Monday, September 10th to 36,371.94 index points Tuesday, September 11th. It’s down 2.23 per cent d/d and down 4.02 per cent y/y.

CROBEX (of Zagreb) decreased from 1,797.95 index points Monday, September 10th to 1,796.58 index points Tuesday, September 11th. It’s down 0.08 per cent d/d and down 1.55 per cent y/y.

OMXR (of Riga) increased from 952.18 index points Monday, September 10th to 959.47 index points Tuesday, September 11th. It’s up 0.77 per cent d/d and down 3.18 per cent y/y.

OMXT (of Tallinn) decreased from 1,227.42 index points Monday, September 10th to 1,221.71 index points Tuesday, September 11th. It’s down 0.47 per cent d/d and down 3.60 per cent y/y.

OMXV (of Vilnius) decreased from 693.89 index points Monday, September 10th to 692.31 index points Tuesday, September 11th. It’s down 0.23 per cent d/d and up 7.03 per cent y/y.

PX (of Prague) decreased from 1,082.85 index points Monday, September 10th to 1,081.44 index points Tuesday, September 11th. It’s down 0.13 per cent d/d and up 5.67 per cent y/y.

SAX (of Bratislava) closed at 334.88 index points Tuesday, September 11th. It’s the same result as Monday’s. It’s 0 per cent change d/d. It’s up 0.70 per cent y/y.

SOFIX (of Sofia) increased from 628.80 index points Monday, September 10th to 632.02 index points Tuesday, September 11th. It’s up 0.51 per cent d/d and down 9.77 per cent y/y.

UX (of Kyiv) closed at 1,627.65 index points Tuesday, September 11th. It’s the same result as Monday’s. It’s 0 per cent change d/d and up 43.63 per cent y/y.

WIG20 (of Warsaw) decreased from 2,270.83 index points Monday, September 10th to 2,248.35 index points Tuesday, September 11th. It’s down 0.99 per cent d/d and down 10.55 per cent y/y.

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