Poland is the leader in the FDI inflow in CSE

(CC BY-NC-ND jaime.silva)

Serbia-EAEU trade deal to be signed October 1

Real estate investment transactions in the Baltic countries totaled EUR810m

Poland

Poland had 272 foreign direct investment (FDI) projects last year, a 38 per cent increase y/y, and ranked the 6th in the European Attractiveness Survey prepared by EY. Poland has the highest position in the CSE region. Russia attracted 238 FDI projects in 2018 (11 per cent decrease y/y), Serbia 119 (1 per cent increase y/y), Romania 109 (13 per cent decrease y/y), Hungary 101 (13 per cent decrease y/y) and Czech Republic 65 (51 per cent decrease y/y).

The number of FDI projects in Europe fell by 4 per cent (to 6,356 projects) y/y. According to EY, only 37 per cent of the companies surveyed expect an improvement in Europe’s attractiveness over the next three years, down from 50 per cent last year. The technology sector and Europe’s traditional industrial sectors (transport, machinery, and chemicals) go against this downward trend. 

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Serbia

Serbian Deputy PM and Minister of Trade, Tourism and Telecommunications Rasim Ljajic and Eurasian Economic Union (EAEU) Minister of Trade Veronika Nikishina agreed in St Petersburg for a Serbia-EAEU free trade agreement to be signed in October. Ms. Nikishina told Ljajic that all EAEU member states had consented to the deal, which she said was a decisive step towards signing it, the Serbian Ministry of Trade said in a statement.

The EAEU is comprised of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan and the agreement will give Serbia access to a market of 180 million consumers, Tanjug News Agency informs.

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The Baltics

The combined volume of the real estate investment in the Baltic states totaled EUR810m last year, according to figures published in “Baltic Investment Outlook 2019” report. Deals in Latvia were 32 per cent of the total, while Lithuania accounted for a 49 per cent share, and Estonia 19 per cent.

The majority of the deals were for prime office and retail properties, and a larger proportion of the investment than in previous years was from global market players. The largest deal was South-African based NEPI Rockcastle’s acquisition of the Ozas shopping centre in Vilnius for EUR124.6m.

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What’s up in indexes

BET (of Bucharest) decreased from 8627.69 index points Thursday, June 6th to 8575.77 index points Friday, June 7th. It’s down 0.55 per cent d/d and up 3.51 per cent y/y.

BUX (of Budapest) increased from 41000.00 index points Thursday, June 6th to 41159.57 index points Friday, June 7th. It’s up 0.39 per cent d/d and up 10.0 per cent y/y.

OMXR (of Riga) decreased from 1070.52 index points Thursday, June 6th to 1068.46 index points Friday, June 7th. It’s down 0.19 per cent d/d and up 2.03 per cent y/y.

OMXT (of Tallinn) increased from 1252.27 index points Thursday, June 6th to 1254.22 index points Friday, June 7th. It’s up 0.16 per cent d/d and up 0.29 per cent y/y.

OMXV (of Vilnius) decreased from 674.26 index points Thursday, June 6th to 672.70 index points Friday, June 7th. It’s down 0.23 per cent d/d and down 5.27 per cent y/y.

PX (of Prague) increased from 1048.39 index points Thursday, June 6th to 1049.65 index points Friday, June 7th. It’s up 0.12 per cent d/d and down 2.66 per cent y/y.

RTS (of Moscow) increased from 1319.85 index points Thursday, June 6th to 1325.95 index points Friday, June 7th. It’s up 0.46 per cent d/d and up 13.2 per cent y/y.

SAX (of Bratislava) decreased from 341.52 index points Thursday, June 6th to 340.34 index points Friday, June 7th. It’s down 0.35 per cent d/d and up 0.74 per cent y/y.

SOFIX (of Sofia) decreased from 579.00 index points Thursday, June 6th to 576.48 index points Friday, June 7th. It’ down 0.35 per cent d/d and down 8.74 per cent y/y.

UX (of Kyiv) decreased from 1727.06 index points Thursday, June 6th to 1710.44 index points Friday, June 7th. It’s down 0.96 per cent d/d and up 3.89 per cent y/y.

WIG20 (of Warsaw) increased from 2260.94 index points Thursday, June 6th to 2280.60 index points Friday, June 7th. It’s up 0.87 per cent d/d and up 0.43 per cent y/y.

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