Poland will have a new government with the same PM

Poland’s President and Prime Minister (Adam Guz/KPRM, Public domain)

Prague airport to invest EUR2bn in modernization

Chinese Quectel launches R&D center in Serbia

Poland

Poland’s incumbent PM Mateusz Morawiecki has been nominated to form a new government after the election won by Law and Justice (PiS) in October 13th. “Sources close to the ruling party indicate that it will be a government which will concentrate on preparing Poland for the likely economic slowdown in Europe, strengthening Poland’s position in the EU and protecting the social transfers and program that were achieved in the government’s first term,” Polandinn wrote. 

“I’ll make every effort as the prime minister over the next four years to ensure the country takes a significant stride in development, which will narrow the gap separating us from wealthier European economies,” Mr. Morawiecki said. According to PAP news agency, Poland’s President Andrzej Duda is likely to swear in Morawiecki’s new cabinet today.

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Czech Republic

“Prague’s Václav Havel Airport will invest around CZK55bn (EUR2bn) over the next 30 years in its modernization,” Prime Minister Andrej Babiš announced as Radio Praha informed. In 2025 construction of a new runway should begin. It ought to be in operation from 2028 and will cost around CZK9bn (EUR350m). Also by 2028 Prague Airport’s Terminal 2 will be expanded at a cost of CZK16bn (EUR600m). Other long-term projects include airport hotel, development center, sports facilities and medical center for tourists.

The planned expansion should boost capacity, which will gradually increase to 30 million passengers a year. The Václav Havel Airport in Prague handled more than 7.8 million passengers in the H1’19, an increase of 5 per cent y/y.

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Serbia

Chinese company Quectel Wireless Solutions has launched a research and development (R&D) center in Serbia’s capital Belgrade, Serbian agency Tanjug informed. The center will start full-fledged operations in the Q1’20, with a professional team of developers working in collaboration with core R&D teams in China, Quectel said in a statement.

Quectel’s Belgrade office will focus on customer-driven activities, software customization, application layer development, and supporting key customers on Internet of Things (IoT) integration and design.

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What’s up in indexes

BET (of Bucharest) decreased from 9703.79 index points Wednesday, November 13th to 9704.86 index points Thursday, November 14th. It’s down 0.23 per cent d/d and up 13.5 per cent y/y.

BUX (of Budapest) increased from 43216.00 index points Wednesday, November 13th to 43218.00 index points Thursday, November 14th. It’s up 0.01 per cent d/d and up 10.5 per cent y/y.

OMXR (of Riga) increased from 1025.53 index points Wednesday, November 13th to 1028.30 index points Thursday, November 14th. It’s up 0.27 per cent d/d and up 6.70 per cent y/y.

OMXT (of Tallinn) increased from 1254.89 index points Wednesday, November 13th to 1257.84 index points Thursday, November 14th. It’s up 0.24 per cent d/d and up 6.30 per cent y/y.

OMXV (of Vilnius) increased from 712.15 index points Wednesday, November 13th to 713.14 index points Thursday, November 14th. It’s up 0.14 per cent d/d and up 11.7 per cent y/y.

PX (of Prague) decreased from 1084.96 index points Wednesday, November 13th to 1079.39 index points Thursday, November 14th. It’s down 0.51 per cent d/d and down 0.47 per cent y/y.

RTS (of Moscow) decreased from 1437.85 index points Wednesday, November 13th to 1436.98 index points Thursday, November 14th. It’s down 0.06 per cent d/d and up 28.6 per cent y/y.

SAX (of Bratislava) decreased from 342.79 index points Wednesday, November 13th to 341.12 index points Thursday, November 14th. It’s down 0.49 per cent d/d and up 2.44 per cent y/y.

SOFIX (of Sofia) decreased from 558.70 index points Wednesday, November 13th to 558.00 index points Thursday, November 14th. It’s down 0.13 per cent d/d and down 6.18 per cent y/y.

UX (of Kyiv) closed at 1487.46 index points Thursday, November 14th. It’s the same result as Wednesday’s. It’s 0 per cent change d/d and down 17.20 per cent y/y.

WIG20 (of Warsaw) decreased from 2235.52 index points Wednesday, November 13th to 2226.15 index points Thursday, November 14th. It’s down 0.42 per cent d/d and down 0.26 per cent y/y.

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