Orange and Ericsson launched 5G tests in Poland

(Christoph Scholz, CC BY-SA 2.0)

Electrolux to invest EUR100m in Hungary

One of the historic lowest unemployment in Albania

Poland

Mobile operator Orange Poland, in cooperation with Ericsson, has launched its 5G test network in Warsaw. The network enables download speeds of almost 900 Mbps. This is the first 5G testing of such scale carried out outdoors in Poland. 

Orange Poland earlier started testing the 5G technology in Gliwice and Zakopane. The equipment from Ericsson is used in Zakopane, and the operator cooperates with Huawei in Gliwice.

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Hungary

Swedish home appliance manufacturer Electrolux is investing EUR100m in its plant in Nyíregyháza, eastern Hungary, with the goal to increase the competitiveness of its products. At the same time, the company is outsourcing its production of vacuum cleaners and free-standing refrigerators to Jászberény, near Budapest, Electrolux informed.

With its latest investment, Electrolux will boost its use of Industry 4.0 technology, robots and artificial intelligence, aimed at producing smarter equipment. The automation, however, will leave the company with a surplus of workers.

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Albania

Albanian Minister of Finances and Economy, Anila Denaj announced that the unemployment in Albania deceased to 11.5 per cent, according to three-month surveys.

“This is one of the lowest levels of unemployment rate in the country. The most important, however, is the fact that the youth unemployment rate shows a downward trend and it is 1.7 per cent lower compared to the Q2’19,” Ms. Denaj added.

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What’s up in indexes

BET (of Bucharest) decreased from 9252.86 index points Tuesday, September 10th to 9237.20 index points Wednesday, September 11th. It’s down 0.12 per cent d/d and up 11.5 per cent y/y.

BUX (of Budapest) increased from 39957.00 index points Tuesday, September 10th to 40203.00 index points Wednesday, September 11th. It’s up 0.62 per cent d/d and up 10.5 per cent y/y.

OMXR (of Riga) increased from 1011.37 index points Tuesday, September 10th to 1017.26 index points Wednesday, September 11th. It’s up 0.58 per cent d/d and up 6.02 per cent y/y.

OMXT (of Tallinn) increased from 1226.89 index points Tuesday, September 10th to 1229.66 index points Wednesday, September 11th. It’s up 0.23 per cent d/d and up 0.65 per cent y/y.

OMXV (of Vilnius) increased from 684.71 index points Tuesday, September 10th to 685.76 index points Wednesday, September 11th. It’s up 0.15 per cent d/d and down 0.95 per cent y/y.

PX (of Prague) increased from 1035.04 index points Tuesday, September 10th to 1043.57 index points Wednesday, September 11th. It’s up 0.82 per cent d/d and down 3.50 per cent y/y.

RTS (of Moscow) increased from 1343.95 index points Tuesday, September 10th to 1354.68 index points Wednesday, September 11th. It’s up 0.80 per cent d/d and up 28.3 per cent y/y.

SAX (of Bratislava) increased from 345.09 index points Tuesday, September 10th to 347.44 index points Wednesday, September 11th. It’s up 0.68 per cent d/d and up 3.75 per cent y/y.

SOFIX (of Sofia) increased from 576.20 index points Tuesday, September 10th to 578.20 index points Wednesday, September 11th. It’s up 0.33 per cent d/d and down 8.52 per cent y/y.

UX (of Kyiv) increased from 1537.97 index points Tuesday, September 10th to 1551.92 index points Wednesday, September 11th. It’s up 0.91 per cent d/d and down 4.65 per cent y/y.

WIG20 (of Warsaw) increased from 2187.80 index points Tuesday, September 10th to 2189.21 index points Wednesday, September 11th. It’s up 0.06 per cent d/d and down 2.63 per cent y/y.

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