Lithuanian Railways will transport Orlen’s cargo to Poland

JoKaunas County, Lithuania (Schnitzel_bank, CC BY-ND)

Serbia will have GDP growth of 4 per cent

Bulgaria: revenue from tourist overnights up

Lithuania, Poland

Lithuanian Railways (Lietuvos Gelezinkeliai) will transport cargo of Orlen Lietuva to Poland – the Baltic Cours reports. So far the state-run railway company has transported fuel produced by Lithuanian subsidiary of Poland’s PKN Orlen only within Lithuania. It was about 9 million tons a year. Both companies signed an agreement on cooperation in Mazeikiai (the localization of Orlen’s refinery in northwestern Lithuania).

The Baltic Course quotes Daniel Obajtek, the CEO of PKN Orlen: “We have signed an annex to the agreement, thanks to which we will be able to transport more cargo. It will be profitable for both Poland and Lithuania”. The Lithuanian Railways informed that it plans to transport “several hundred thousand tons of Orlen Lietuva products in the Polish direction”.

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Serbia

The National Bank of Serbia has adjusted its projection of GDP product growth in 2018 from 3.5 to 4 per cent, said Governor Jorgovanka Tabakovic. According to Beta Agency she said that growth in construction and agriculture was greater than expected and had caused the central bank to assess this year’s GDP growth to a level higher than anticipated. The GDP growth in 2019 will be 3.5 per cent.

Tabakovic stressed that she considered low inflation becoming Serbia’s “normal”. during her previous six-year term it had gone down from 12.9 per cent in 2012 to 2.2 per cent in under a year.

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Bulgaria

Novinite.com informs, after the National Statistical Institute (NSI), that total revenues from tourist overnights in the country increased. According to NSI, in June 2018 it grew by 6.5 per cent y/y to BGN200.3m (EUR102.4m). When it comes to foreign tourists – the revenues from overnights increased by 6.4 per cent y/y in June 2018. As for Bulgarian tourists – it was up 7.2 per cent y/y.

In June 2018 the number of overnights spent by tourists in the country increased to 4.06 million (up 4.5 per cent y/y).

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What’s up in indexes

Wednesday, August 15th was a non-trading day on the Bucharest Stock Exchange. BET (of Bucharest) closed at 8,081.25 index points Tuesday, August 14th. It’s down 3.04 per cent y/y.

BUX (of Budapest) decreased from 36,006.20 index points Tuesday, August 14th to 35,826.14 index points Wednesday, August 15th. It’s down 0.50 per cent d/d and down 2.58 per cent y/y.

Wednesday, August 15th was a non-trading day on the Zagreb Stock Exchange. CROBEX (of Zagreb) closed at 1,820.03 index points Tuesday, August 14th. It’s down 1.78 per cent y/y.

OMXR (of Riga) decreased from 996.62 index points Tuesday, August 14th to 996.22 index points Wednesday, August 15th. It’s down 0.04 per cent d/d and down 0.54 per cent y/y.

OMXT (of Tallinn) increased from 1,238.17 index points Tuesday, August 14th to 1,241.42 index points Wednesday, August 15th. It’s up 0.26 per cent d/d and down 0.11 per cent y/y.

Wednesday, August 15th was a non-trading day on the Nasdaq Vilnius. OMXV (of Vilnius) closed at 710.32 index points Tuesday, August 14th. It’s up 9.89 per cent y/y.

PX (of Prague) increased from 1,067.26 index points Tuesday, August 14th to 1,068.45 index points Wednesday, August 15th. It’s up 0.11 per cent d/d and up 3.48 per cent y/y.

SAX (of Bratislava) increased from 329.70 index points Tuesday, August 14th to 330.64 index points Wednesday, August 15th. It’s up 0.29 per cent d/d and down 0.91 per cent y/y.

SOFIX (of Sofia) decreased from 632.50 index points Tuesday, August 14th to 631.17 index points Wednesday, August 15th. It’s down 0.21 per cent d/d and down 13.45 per cent y/y.

UX (of Kyiv) increased from 1,625.86 index points Tuesday, August 14th to 1,627.89 index points Wednesday, August 15th. It’s up 0.12 per cent d/d and up 44.22 per cent y/y.

Wednesday, August 15th was a non-trading day on the Warsaw Stock Exchange. WIG20 (of Warsaw) closed at 2,272.73 index points Tuesday, August 14th. It’s down 4.37 per cent y/y.

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