Poland to invest EUR750m in railway infrastructure

PM Mateusz Morawiecki in port of Gdynia, Poland (Krystian Maj/KPRM, Public domain)

Russia extends counter economic sanctions until 2020

First 5G base station launched in Serbia

Poland

State-owned railway company, Polskie Linie Kolejowe (PLK) signed three contracts to modernize and build new railway infrastructure leading to Polish seaports, Poland’s PAP news agency reported. “The new infrastructure will significantly increase the possibilities of transporting goods and transform Gdańsk and Gdynia into the number one hub in the Baltic Sea,” Polish Prime Minister Mateusz Morawiecki commented.

According to the contracts, a total of PLN3.2bn (EUR750m) worth of new infrastructure will be built to improve railway access to the aforementioned sea ports. The investment should be completed by the end of 2021.

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Russia

Russian President Vladimir Putin signed a decree extending measures countering Western sanctions for another year — to the end of 2020.

Since 2014 Russia has introduced a set of counter-sanctions, banning imports of certain commodities, primarily food, from the European Union and countries including the United States, Norway, Australia, and Canada. In 2015, Russia added Albania, Montenegro, Iceland, Liechtenstein, and Ukraine to the list.

These were a response to sanctions imposed by these countries on Russia due to invasion on Crimea and Moscow’s involvement in the conflict in southeastern Ukraine.

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Serbia

The Telenor company initiated Serbia’s first 5G base station at the Science and Technology Park in Belgrade on Friday. “The 5G technology will start being used commercially within a year,” Telenor CEO, Mike Michel said adding that the Serbian authorities are focused on digitalization and education. “We share the vision of Serbia as a regional leader in developing a digital economy and innovations. The 5G technology is the technology of the future and we want to be ready for the moment it comes into use commercially,” Mr. Michel pointed out. 

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What’s up in indexes

BET (of Bucharest) increased from 8746.18 index points Friday, June 21st to 8738.20 index points Monday, June 24th. It’s up 0.03 per cent d/d and up 9.70 per cent y/y.

BUX (of Budapest) increased from 40387.21 index points Friday, June 21st to 40475.00 index points Monday, June 24th. It’s up 0.22 per cent d/d and up 15.4 per cent y/y.

OMXR (of Riga) decreased from 1019.69 index points Friday, June 21st to 1015.21 index points Monday, June 24th. It’s down 0.11 per cent d/d and down 3.41 per cent y/y.

OMXT (of Tallinn) decreased from 1262.29 index points Friday, June 21st to 1256.16 index points Monday, June 24th. It’s down 0.49 per cent d/d and down 0.86 per cent y/y.

OMXV (of Vilnius) decreased from 668.46 index points Friday, June 21st to 667.41 index points Monday, June 24th. It’s down 0.16 per cent d/d and down 6.22 per cent y/y.

PX (of Prague) increased from 1053.47 index points Friday, June 21st to 1056.18 index points Monday, June 24th. It’s up 0.26 per cent d/d and down 0.96 per cent y/y.

RTS (of Moscow) increased from 1375.02 index points Friday, June 21st to 1387.06 index points Monday, June 24th. It’s up 0.88 per cent d/d and up 23.8 per cent y/y.

SAX (of Bratislava) closed at 345.27 index points Monday, June 24th. It’s the same result as Friday’s. It’s 0 per cent change d/d and up 5.74 per cent y/y.

SOFIX (of Sofia) increased from 578.86 index points Friday, June 21st to 580.10 index points Monday, June 24th. It’ up 0.21 per cent d/d and down 5.74 per cent y/y.

UX (of Kyiv) decreased from 1609.77 index points Friday, June 21st to 1605.81 index points Monday, June 24th. It’ down 0.25 per cent d/d and up 1.94 per cent y/y.

WIG20 (of Warsaw) increased from 2308.32 index points Friday, June 21st to 2331.08 index points Monday, June 24th. It’s up 0.99 per cent d/d and up 8.13 per cent y/y.

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