Poland has highest number of innovative companies in the CSE

Łódź, Poland (MFA, CC BY-NC)

The biggest wind farm in the Western Balkans opened in Serbia

Croatia with the largest decline in industrial production in EU

Poland

Poland, Belarus, Slovenia and Serbia have the highest number of “hidden champions” — successful and innovative but hardly known SMEs in the CSE region, the European Bank for Reconstruction and Development (EBRD) informed. “The report is based on field research in 2018 and 2019 in 22 countries in the CSE region,” the EBRD said.

The concept of “hidden champions” describes companies that are among the best in the world in terms of market share in their respective niche or among the top two in a region.

The highest number of “hidden champions” was identified in Poland (11), followed by Belarus (10), Serbia (10) and Slovenia (10).

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Serbia

Serbia’s largest wind farm, the 57-turbine Čibuk 1, has officially become operational following a EUR300m investment, TANJUG news agency informed. The wind farm, with a maximum capacity of 158 MW, generates power to supply 113,000 households.

Located 50km from Belgrade, Čibuk 1 is a project developed with financial support provided by the EBRD and World Bank’s International Finance Corporation (IFC).

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Croatia

Croatia recorded the highest monthly decline in industrial production among all EU members states in August, Eurostat informed. In August 2019 compared with July 2019, seasonally adjusted industrial production fell by 3 per cent, Eurostat said.

In September Eurostat also informed that Croatia recorded the sharpest m/m decline in retail trade turnover across the EU.

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What’s up in indexes

BET (of Bucharest) increased from 9528.71 index points Friday, October 11th to 9566.26 index points Monday, October 14th. It’s up 0.39 per cent d/d and up 14.1 per cent y/y.

BUX (of Budapest) increased from 40332.56 index points Friday, October 11th to 40734.00 index points Monday, October 14th. It’s up 1.00 per cent d/d and up 13.1 per cent y/y.

OMXR (of Riga) increased from 1036.08 index points Friday, October 11th to 1036.18 index points Monday, October 14th. It’s up 0.01 per cent d/d and up 11.1 per cent y/y.

OMXT (of Tallinn) increased from 1235.77 index points Friday, October 11th to 1236.07 index points Monday, October 14th. It’s up 0.02 per cent d/d and up 2.90 per cent y/y.

OMXV (of Vilnius) increased from 695.05 index points Friday, October 11th to 695.34 index points Monday, October 14th. It’s up 0.04 per cent d/d and up 6.25 per cent y/y.

PX (of Prague) increased from 1013.55 index points Friday, October 11th to 1019.52 index points Monday, October 14th. It’s up 0.59 per cent d/d and down 5.20 per cent y/y.

RTS (of Moscow) decreased from 1329.63 index points Friday, October 11th to 1321.13 index points Monday, October 14th. It’s down 0.64 per cent d/d and up 17.1 per cent y/y.

SAX (of Bratislava) decreased from 345.20 index points Friday, October 11th to 344.74 index points Monday, October 14th. It’s down 0.13 per cent d/d and up 3.89 per cent y/y.

SOFIX (of Sofia) decreased from 562.11 index points Friday, October 11th to 561.70 index points Monday, October 14th. It’s down 0.07 per cent d/d and down 7.93 per cent y/y.

Monday, October 14th was a non-trading day at Kyiv Stock Exchange. UX (of Kyiv) closed at 1516.67 index points Friday, October 11th. It’s down 11.31 per cent y/y.

WIG20 (of Warsaw) decreased from 2159.91 index points Friday, October 11th to 2148.53 index points Monday, October 14th. It’s down 0.64 per cent d/d and down 0.35 per cent y/y.

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