Opel will open its plant in Poland

Poland's PM at Opel Manufacturing Poland (Adam Guz/KPRM, Public domain)

Croatia to invest EUR2.7bn in tourism infrastructure

Norway builds a large-scale wind farm in Ukraine

Poland

A new Opel automobile plant is being built in Gliwice (southern Poland), which will provide a minimum of 300 jobs. The value of the investments is EUR228m, and was announced by Polish Prime Minister Mateusz Morawiecki. “A decision has been taken to build, here in Poland, another large Opel, Peugeot, commercial vehicle factory” Mr. Morawiecki said.

In about two and a half years, the Opel factory in Gliwice will become a manufacturer of large delivery trucks for the PSA Group. The plant will produce up to 100,000 large vans per year.

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Croatia

Croatia has announced plans for a new tourism strategy, with the government set to invest EUR2.7bn in transport infrastructure, including railways, ports and airports, N1 TV informed. “We’ve reached a maximum of twenty million tourists per year and we need to the develop the pre-season and post-season,”, Croatian Tourism Minister Gari Cappelli said adding that development of four and five-star hotels is a key to success.

Full details of the project will be presented during the country’s presidency of the Council of the European Union, which begins in January 2020.

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Ukraine

Azovpromenergo LLC, which belongs to Norway company NBT, has started building the second phase of Zofia wind farm with a 300 MW capacity in Zaporizhia region, southern Ukraine, Interfax News Agency informed.

The project is part of the EUR370m of total foreign investments in the wind farms, which will bring Ukraine significantly closer to its ambition of increasing domestic-sourced renewable energy from 6 to 11 per cent by 2020.

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What’s up in indexes

BET (of Bucharest) increased from 9035.27 index points Friday, August 16th to 9054.51 index points Monday, August 19th. It’s up 0.20 per cent d/d and up 9.95 per cent y/y.

Monday, August 19th was a non-trading day at Budapest Stock Exchange. BUX (of Budapest) closed at 40005.90 index points Friday, August 16th. It’s up 9.69 per cent y/y.

OMXR (of Riga) increased from 1033.31 index points Friday, August 16th to 1035.36 index points Monday, August 19th. It’s up 0.20 per cent d/d and up 3.79 per cent y/y.

OMXT (of Tallinn) decreased from 1257.67 index points Friday, August 16th to 1257.60 index points Monday, August 19th. It’s down 0.01 per cent d/d and up 2.37 per cent y/y.

OMXV (of Vilnius) increased from 691.42 index points Friday, August 16th to 692.81 index points Monday, August 19th. It’s up 0.20 per cent d/d and down 2.43 per cent y/y.

PX (of Prague) decreased from 1035.46 index points Friday, August 16th to 1035.33 index points Monday, August 19th. It’s down 0.01 per cent d/d and down 2.51 per cent y/y.

RTS (of Moscow) increased from 1239.81 index points Friday, August 16th to 1247.53 index points Monday, August 19th. It’s up 0.62 per cent d/d and up 17.1 per cent y/y.

SAX (of Bratislava) decreased from 347.88 index points Friday, August 16th to 343.82 index points Monday, August 19th. It’s down 1.17 per cent d/d and up 3.12 per cent y/y.

SOFIX (of Sofia) increased from 575.10 index points Friday, August 16th to 575.20 index points Monday, August 19th. It’s up 0.02 per cent d/d and down 9.29 per cent y/y.

UX (of Kyiv) increased from 1582.94 index points Friday, August 16th to 1594.66 index points Monday, August 19th. It’s up 0.74 per cent d/d and down 1.63 per cent y/y.

WIG20 (of Warsaw) increased from 2064.12 index points Friday, August 16th to 2102.23 index points Monday, August 19th. It’s up 1.85 per cent d/d and down 5.99 per cent y/y.

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