Latvia’s PM praises Polish participation in Rail Baltica

Polish and Estonian PMs, Beata Szydło and Jüri Ratas, Tallinn, Estonia (Kancelaria Premiera, Public domain)

Hungarian OTP hungry for more

Serbia’s gold reserves in 2016 with the highest increase in SEE

Poland

“I believe Rail Baltica will become a basis for the future economic growth in the whole region, and we welcome Poland’s contribution to the project,” Latvian Prime Minister Jüri Ratas said during his meeting with Polish Prime Minister Beata Szydło. The officials met on May 8th in Tallinn.
As reported, the talks were focused on bilateral relations between Estonia and Poland – on security, energy and transport issues.

Rail Baltica project is a direct link between the Baltics and the European railways network, with a high-speed railway linking Helsinki, Tallinn, Riga, Kaunas, Warsaw, and Berlin. It will have over 1,600 km and is expected to be completed by 2025 (the link to Warsaw – by 2030). It will cost up to EUR5.8bn.

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Hungary

Hungarian OTP Group that has already bought Croatian Splitska Banka (from Societe Generale), seeks to close 4-5 transactions at nearest future. Reuters reports 4-5 acquisitions are „in preparation phase” – one of which is to be announced within a few weeks. Regarding Splitska Banka acquisition – the Group plans to integrate in with its Croatian unit by mid-2018.

As reported, the Group also plans to enter new markets where it is not yet present.

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Serbia

SeeNews Coporate Wire reports on changes in gold reserves of SEE countries. The total gold reserves of central banks in the region (Albania, Bosnia and Herzegovina, Bulgaria, Macedonia, Romania, Serbia, Slovenia) reached 177.4 tons at the end of 2016.

The data shows that Serbia expanded its reserves the most in 2016. It increased to from 17.5 tons at the end of Q4’14 to 18.7 tons at the end of Q4’16. The other top two countries were Bulgaria (increase from 40.1 tons at the end of Q4’14 to 40.3 tons at the end of Q4’16) and Macedonia (increased from 6.8 tons at the end of Q4’14 to 6.9 tons at the end of Q4’16).

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What’s up in indexes

BET (of Bucharest) decreased from 8,298.65 index points Friday, May 5th to 8,297.62 index points Monday, May 8th. It’s down 0.01 per cent d/d and up 28.36 per cent y/y.

BUX (of Budapest) decreased from 32,864.04 index points Friday, May 5th to 32,844.67 index points Monday, May 8th. It’s down 0.06 per cent d/d and up 23.37 per cent y/y.

CROBEX (of Zagreb) increased from 1,904.50 index points Friday, May 5th to 1,905.02 index points Monday, May 8th. It’s up 0.03 per cent d/d and up 15.86 per cent y/y.

OMXR (of Riga) increased from 817.55 index points Wednesday, May 3rd to 824.63 index points Monday, May 8th. So it’s up 0.87 per cent d/d and up 30.07 per cent y/y.

OMXT (of Tallinn) increased from 1,124.20 index points Friday, May 5th to 1,131.02 index points Monday, May 8th. It’s up 0.61 per cent d/d and up 14.67 per cent y/y.

OMXV (of Vilnius) increased from 583.73 index points Friday, May 5th to 584.16 index points Monday, May 8th. It’s up 0.07 per cent d/d and up 14.24 per cent y/y.

No trading at Prague’s bourse on Monday, May 8th. On May 5th PX closed at 1,005.94 index points. It’s up up 13.43 per cent from year-end.

No trading at Bratislava’s bourse on Monday, May 8th. On May 5th SAX closed at 307.99 index points. It’s down 6.45 per cent from year-end.

No trading at Sofia’s bourse on Monday, May 8th. On May 5th SOFIX closed at 660.81 index points. It’s up 48.66 per cent y/y.

No trading at Kyiv’s bourse on Monday, May 8th. On May 5th UX closed at 1,020.16 index points. It’s up 58.87 per cent y/y.

WIG20 (of Warsaw) decreased from 2,382.17 index points Friday, May 5th to 2,374.23 index points Monday, May 8th. It’s down 0.33 per cent d/d and up 28.44 per cent y/y.

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