Poland’s Port of Gdansk with record transshipment

Port of Gdansk, Poland (Port of Gdansk, Public domain)

Romania to adopt EUR in 2024

German company to invest EUR20m in Hungary

Poland

In 2018, Gdansk broke its own record with more than 49 million tons passed through Gdansk’s quays and terminals. This is an increase of 20.7 per cent y/y. As a result the Port of Gdansk finally moved from 6th to 4th position on the list of the largest ports in the Baltic Sea, ahead of Klaipeda port, according to a Port’s representative.

Meantime, Port of Gdansk’s is planning a serious investment worth EUR2.5bn — the Central Port. It will be located between the mouth of the port channel and Naftoport.

In 2018, the leading Polish ports noted record-breaking transshipments. A combined result of over 100 million tons is an annual historic result.

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Romania

Romanian authorities have published a report on the national plan to adopt the EUR. According to the document, Romania, depending on its economic development, could enter the exchange rates mechanism (ERM) within 4 to 11 years.

ERM is a phase that precedes the full adoption of EUR, and usually takes at least two years. “Romania’s government will soon send the European Union documents with the plan for the adoption of the EUR by 2024,” commented Romania’s Prime Minister Viorica Dancila.

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Hungary

German-owned Hauni Hungaria, which makes machinery for the tobacco industry, will invest HUF5.7bn (EUR20m) at its based in Pécs company, according to state news agency MTI. “The government will support the investment, which will create 100 jobs, with a HUF977m state grant,” said Levente Magyar, state secretary at the Ministry of Foreign Affairs and Trade.

In 2017, Hauni Hungaria had net revenues of EUR109m. It is a subsidiary of Hauni Maschinenbau GmbH, which is based in Hamburg, and it has been operating in Pécs since 1994.

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What’s up in indexes

BET (of Bucharest) increased from 7030.47 index points Friday, February 1st to 7245.07 index points Monday, February 4th. It’s up 3.01 per cent d/d and down 11.45 per cent y/y.

BUX (of Budapest) decreased from 40973.34 index points Friday, February 1st to 40857.00 index points Monday, February 4th. It’s down 0.28 per cent d/d and up 2.73 per cent y/y.

CROBEX (of Zagreb) increased from 1,760.03 index points Friday, February 1st to 1,761.03 index points Monday, February 4th. It’s up 0.06 per cent d/d and down 3.93 per cent y/y.

OMXR (of Riga) increased from 994.33 index points Friday, February 1st to 1000.86 index points Monday, February 4th. It’s up 0.66 per cent d/d and down 1.77 per cent y/y.

OMXT (of Tallinn) decreased from 1237.65 index points Friday, February 1st t to 1237.46 index points Monday, February 4th. It’s down 0.02 per cent d/d and down 4.09 per cent y/y.

OMXV (of Vilnius) decreased from 646.72 index points Friday, February 1st to 646.72 index points Monday, February 4th. It’s down 0.16 per cent d/d and down 4.45 per cent y/y.

PX (of Prague) increased from 1048.28 index points Friday, February 1st to 1052.05 index points Monday, February 4th. It’s up 0.36 per cent d/d and down 6.26 per cent y/y.

SAX (of Bratislava) decreased from 336.52 index points Friday, February 1st to 335.97 index points Monday, February 4th. It’s down 0.16 per cent d/d and down 3.37 per cent y/y.

SOFIX (of Sofia) decreased from 583.98 index points Friday, February 1st to 578.00 index points Monday, February 4th. It’s down 1.02 per cent d/d and down 19.29 per cent y/y.

UX (of Kyiv) closed at 1,710.65 index points Monday, February 4th. It’s the same result as Friday’s. It’s 0 per cent change d/d and up 14.39 per cent y/y.

WIG20 (of Warsaw) decreased from 2393.43 index points Friday, February 1st to 2390.46 index points Monday, February 4th. It’s down 0.12 per cent d/d and down 4.61 per cent y/y.

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