Poland’s largest bank to open corporate branch in Slovakia

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Ukrainian business begins to see benefits of EU association agreement

Croatia's HEP aims to sharply increase solar power production

Poland

The state-owned PKO BP bank wants to expand in Slovakia this year, the representatives of the bank informed.  “We plan to start operations in Slovakia in Q4’19. We have already analyzed the Slovak market very thoroughly in business terms and in terms of our development strategy there,” Remigiusz Górski, head of the bank’s Prague branch said. The Bratislava operation would serve both Polish companies present in Slovakia and Slovak companies interested in the Polish market.

Earlier this year the CEO of PKO BP Zbigniew Jagiełło told Puls Biznesu daily that his bank is looking for potential takeover targets in the Czech Republic, Slovakia, Germany and possibly in the Baltic states, which would help expanding bank’s operations and become a recognizable bank in Europe.

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Ukraine

The EU-Ukraine Association Agreement, which came into effect in September 2017, is bringing positive results, and Ukraine is integrating with the EU marekt, head of the EU delegation to Ukraine, Hugues Mingarelli informed during a Forum of SMEs in Kharkiv.

“Five years ago, 25 per cent of Ukrainian exports went to European markets, and last year 42 per cent of Ukrainian exports went to Europe. This means that Ukraine is economically integrated with the European Union”, Mr Mingarelli said.

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Croatia

Croatia’s national electricity provider, Hrvatska elektroprivreda (HEP Group), has introduced a decade-long investment plan to add 350 MW of new solar capacity in Croatia by 2030.

According to Frane Barbarić, HEP’s CEO, the new investment cycle in solar power plants will be worth EUR100m and will initially be made in the Cres, Vis, Vrlika Jug and Kaštelir plants with a total power capacity of 11.6 MW.

“These investments are in line with Croatia’s future energy strategy and EU guidelines on energy and climate policy,” Mr. Barbarić pointed out.

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What’s up in indexes

BET (of Bucharest) increased from 8305.97 index points Tuesday, April 9th to 8310.15 index points Wednesday, April 10th. It’s up 0.18 per cent d/d and down 6.01 per cent y/y.

BUX (of Budapest) increased from 42064.00 index points Tuesday, April 9th to 42226.00 index points Wednesday, April 10th. It’s up 0.39 per cent d/d and up 11.5 per cent y/y.

OMXR (of Riga) decreased from 983.10 index points Tuesday, April 9th to 977.13 index points Wednesday, April 10th. It’s down 0.61 per cent d/d and down 5.06 per cent y/y.

OMXT (of Tallinn) increased from 1237.79 index points Tuesday, April 9th to 1239.45 index points Wednesday, April 10th. It’s up 0.28 per cent d/d and down 1.88 per cent y/y.

OMXV (of Vilnius) decreased from 672.88 index points Tuesday, April 9th to 672.62 index points Wednesday, April 10th. It’s down 0.01 per cent d/d and down 4.22 per cent y/y.

PX (of Prague) increased from 1083.42 index points Tuesday, April 9th to 1086.27 index points Wednesday, April 10th. It’s up 0.26 per cent d/d and down 3.44 per cent y/y.

RTS (of Moscow) increased from 1248.38 index points Tuesday, April 9th to 1262.48 index points Wednesday, April 10th. It’s up 1.13 per cent d/d and up 14.0 per cent y/y.

SAX (of Bratislava) decreased from 361.46 index points Tuesday, April 9th to 350.40 index points Wednesday, April 10th. It’s down 3.06 per cent d/d and down 2.85 per cent y/y.

SOFIX (of Sofia) decreased from 580.19 index points Tuesday, April 9th to 576.50 index points Wednesday, April 10th. It’s down 1.17 per cent d/d and down 13.28 per cent y/y.

UX (of Kyiv) closed at 1743.51 index points Wednesday, April 10th. It’s the same result as Tuesday’s. It’s 0 per cent change d/d and up 0.77 per cent y/y.

WIG20 (of Warsaw) increased from 2367.84 index points Tuesday, April 9th to 2391.80 index points Wednesday, April 10th. It’s up 1.01 per cent d/d and up 5.14 per cent y/y.

 

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