Poland plans to build nuclear power plant

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Hyundai and Kia to invest EUR80m in Croatia

Slovak companies are the worst in Europe in payment discipline

Poland

Poland is preparing to build its first nuclear power plant, a project that the government plans to complete by 2033, the country’s energy minister said on Tuesday. “Locations in the north-western seaside region of Poland have been chosen. The communities living there have been preparing themselves for the construction, they visited nuclear power plants [abroad], thus, in a manner of speaking, we have received social consent to start building,” said Krzysztof Tchórzewski in interview with public broadcaster.

Last year Polish government announced that a nuclear program might cost PLN70-75bn (USD18.5-19.9bn).

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Croatia

Hyundai and Kia are together investing EUR80m in Rimac Automobili. The Korean carmakers and the Croatian company that specializes in electric vehicles’ technologies and sports cars, are starting a strategic partnership for the joint development of both electric batteries and fuel cells for high-performance electric vehicles.

Founded in 2009 in Zagreb, Rimac develops and produces high-performance electric vehicles, powertrains and battery systems. The company has about 480 employees.

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Slovakia

European Payment Practices study, conducted by the EOS KSI in 2018, indicates that up to 27 per cent of payments by Slovak firms came either late or never. “Late payments, or the fact that companies do not receive any remuneration at all, can cause serious cracks in business and significantly disrupt cash flow,” said Michal Šoltes of EOS KSI Slovakia.

Slovakia, which scored the worst among the studied 17 European countries, was followed by Greece and Romania. In both countries, 26 per cent of payments are late or never paid.

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What’s up in indexes

BET (of Bucharest) decreased from 8180.65 index points Monday, May 13th to 8149.36 index points Tuesday, May 14th. It’s down 0.08 per cent d/d and down 6.92 per cent y/y.

BUX (of Budapest) decreased from 40538.00 index points Monday, May 13th to 40085.00 index points Tuesday, May 14th. It’s down 1.12 per cent d/d and up 3.84 per cent y/y.

OMXR (of Riga) decreased from 1017.28 index points Monday, May 13th to 1015.67 index points Tuesday, May 14th. It’s down 0.16 per cent d/d and down 5.02 per cent y/y.

OMXT (of Tallinn) decreased from 1253.67 index points Monday, May 13th to 1250.38 index points Tuesday, May 14th. It’s down 0.26 per cent d/d and down 0.69 per cent y/y.

OMXV (of Vilnius) decreased from 687.80 index points Monday, May 13th to 686.02 index points Tuesday, May 14th. It’s down 0.26 per cent d/d and down 3.36 per cent y/y.

PX (of Prague) increased from 1043.87 index points Monday, May 13th to 1050.31 index points Tuesday, May 14th. It’s up 0.62 per cent d/d and down 4.89 per cent y/y.

RTS (of Moscow) increased from 1207.57 index points Monday, May 13th to 1241.51 index points Tuesday, May 14th. It’s up 2.81 per cent d/d and up 3.24 per cent y/y.

SAX (of Bratislava) decreased from 365.21 index points Monday, May 13th to 362.25 index points Tuesday, May 14th. It’s down 0.81 per cent d/d and up 7.90 per cent y/y.

SOFIX (of Sofia) decreased from 567.20 index points Monday, May 13th to 563.40 index points Tuesday, May 14th. It’s down 0.68 per cent d/d and down 12.55 per cent y/y.

UX (of Kyiv) closed at 1706.59 index points Tuesday, May 14th. It’s the same result as Monday’s. It’s 0 per cent change d/d and down 6.13 per cent y/y.

WIG20 (of Warsaw) decreased from 2172.97 index points Monday, May 13th to 2163.94 index points Tuesday, May 14th. It’s down 0.42 per cent d/d and down 6.77 per cent y/y.

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