Moldova to build power link with Romania

Geamăna, Moldova (Анатолий Зубанюк, CC BY 3.0)

Croatia Airlines gets funds from the government

EUR900m for reconstruction of Ukraine’s Kyiv-Odesa highway

Moldova

Moldova aims to connect its electricity network with Romanian with the help of the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), EU and the World Bank joint investment. Following an initial EUR160m loan provided by the EBRD and the EIB, the EU is now joining the project with a EUR40m, the EBRD said in its press release. The World Bank is providing an additional USD70m.

The EU grant will co-finance the construction of a 600 MW back-to-back converter substation in Vulcanesti. The World Bank loan will finance the construction of a new 400 kV high-voltage overhead line between Vulcanesti and Moldova’s capital Chisinau.

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Croatia

The Croatian government is extending HRK100m (EUR13.5m) of state aid to Croatia Airlines, which is the first tranche of a HRK250m (EUR34m) capital injection. The goal is to help the flag carrier stabilize its operations ahead of its planned privatization.

Croatia Airlines will use the capital to finance aircraft repair, to repay overdue debts to domestic suppliers, to settle credit liabilities and make necessary investments in the coming 12 months.

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Ukraine

The European banks will provide EUR900m for a repair of Kyiv-Odesa highway in Ukraine, Ukravtodor Ukrainian Automobile Roads Agency informed.

Kyiv-Odesa highway repair will begin in 2020 and should be finished by 2024.

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What’s up in indexes

BET (of Bucharest) increased from 9528.24 index points Thursday, September 26th to 9603.38 index points Friday, September 27th. It’s up 0.79 per cent d/d and up 13.7 per cent y/y.

BUX (of Budapest) increased from 40534.28 index points Thursday, September 26th to 40890.74 index points Friday, September 27th. It’s up 0.88 per cent d/d and up 12.1 per cent y/y.

OMXR (of Riga) decreased from 1027.76 index points Thursday, September 25th to 1027.67 index points Friday, September 27th. It’s down 0.01 per cent d/d and up 4.92 per cent y/y.

OMXT (of Tallinn) increased from 1232.05 index points Thursday, September 26th to 1234.91 index points Friday, September 27th. It’s up 0.12 per cent d/d and up 1.71 per cent y/y.

OMXV (of Vilnius) increased from 687.53 index points Thursday, September 26th to 688.67 index points Friday, September 27th. It’s up 0.06 per cent d/d and up 0.11 per cent y/y.

PX (of Prague) increased from 1031.06 index points Thursday, September 26th to 1038.45 index points Friday, September 27th. It’s up 0.13 per cent d/d and down 5.76 per cent y/y.

RTS (of Moscow) decreased from 1359.59 index points Thursday, September 26th to 1347.72 index points Friday, September 27th. It’s down 0.87 per cent d/d and up 13.5 per cent y/y.

SAX (of Bratislava) increased from 339.24 index points Thursday, September 26th to 340.17 index points Friday, September 27th. It’s up 0.27 per cent d/d and up 3.56 per cent y/y.

SOFIX (of Sofia) increased from 573.60 index points Thursday, September 26th to 574.60 index points Friday, September 27th. It’s up 0.16 per cent d/d and down 7.86 per cent y/y.

UX (of Kyiv) closed at 1561.74 index points Friday,  September 27th. It’s the same result as Thursday’s. It’s 0 per cent change d/d and down 5.69 per cent y/y.

WIG20 (of Warsaw) increased from 2172.47 index points Thursday, September 26th to 2186.31 index points Friday, September 27th. It’s up 0.64 per cent d/d and down 5.56 per cent y/y.

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