Mitsui High-tec will build factory in Poland

(byronv2, CC BY-NC)

Belarus is non-compliant with European anti-corruption standards

Romania — the smaller investor in Europe

Poland

Mitsui High-tec, Japanese automotive parts producer, will manufacture in Poland generator and motor parts for electric and hybrid vehicles, the Polish Investment and Trade Agency (PAIH) said in a statement.

The Japanese company plans to invest over EUR37m and will ultimately employ up to 200 people, the agency added. Construction will start by the end of March 2019. It will be Mitsui High-tec first European factory.

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Belarus

The Group of States against Corruption (GRECO) of the Council of Europe has publicly declared Belarus as non-compliant with GRECO’s anti-corruption standards, organization informed in its an unprecedented press release.

The large majority of the recommendations GRECO issued relate to fundamental anti-corruption requirements, such as strengthening the independence of the judiciary and of the prosecution office, increasing the operational autonomy of the law enforcement, limiting immunity protection of certain categories of persons.

“Continuous non-compliance with the rules and practice of GRECO casts a dark shadow over the commitment of the Belarusian authorities to preventing and combating corruption, and to overall cooperation with GRECO,” Marin Mrčela, the President of GRECO informed.

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Romania

Romanian investors invested EUR622m in other countries in 2018, down 1.5 per cent y/y, National Bank of Romania (BNR) informed.

According to the data Romania remains the smaller FDI source in Europe. “Romania is a very small investor abroad even compared with its neighbors, as local investors prefer to focus on the local market or don’t have enough capital to expand abroad” the representative of BNR pointed out.

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What’s up in indexes

BET (of Bucharest) increased from 7922.13 index points Tuesday, March 19th to 8043.93 index points Wednesday, March 20th. It’s up 1.35 per cent d/d and down 7.88 per cent y/y.

BUX (of Budapest) decreased from 42014.00 index points Tuesday, March 19th to 41964.00 index points Wednesday, March 20th. It’s down 0.12 per cent d/d and up 10.6 per cent y/y.

CROBEX (of Zagreb) increased from 1,774.12 index points Tuesday, March 19th to 1,775.12 index points Wednesday, March 20th. It’s up 0.34 per cent d/d and down 0.95 per cent y/y.

OMXR (of Riga) increased from 970.66 index points Tuesday, March 19th to 972.17 index points Wednesday, March 20th. It’s up 0.16 per cent d/d and down 7.27 per cent y/y.

OMXT (of Tallinn) decreased from 1240.46 index points Tuesday, March 19th to 1235.57 index points Wednesday, March 20th. It’s down 0.39 per cent d/d and down 5.60 per cent y/y.

OMXV (of Vilnius) decreased from 654.53 index points Tuesday, March 19th to 654.02 index points Wednesday, March 20th. It’s down 0.05 per cent d/d and down 4.25 per cent y/y.

PX (of Prague) decreased from 1075.36 index points Tuesday, March 19th to 1073.37 index points Wednesday, March 20th. It’s down 0.19 per cent d/d and down 4.23 per cent y/y.

SAX (of Bratislava) increased from 342.96 index points Tuesday, March 19th to 343.42 index points Wednesday, March 20th. It’s up 0.13 per cent d/d and up 2.55 per cent y/y.

SOFIX (of Sofia) increased from 583.80 index points Tuesday, March 19th to 586.00 index points Wednesday, March 20th. It’s up 0.38 per cent d/d and down 12.77 per cent y/y.

UX (of Kyiv) decreased from 1699.73 index points Tuesday, March 19th to 1706.74 index points Wednesday, March 20th. It’s up 0.41 per cent d/d and up 4.36 per cent y/y.

WIG20 (of Warsaw) decreased from 2352.42 index points Tuesday, March 19th to 2351.83 index points Tuesday, March 19th. It’s down 0.03 per cent d/d and up 3.51 per cent y/y.

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