Poland’s ruling party wins parliamentary elections

(Maria Bninska, Public domain)

Samsung to expand Hungarian battery plant with EUR1.2bn investment

Serbia, Albania, N. Macedonia to establish free economic zone

Poland

The ruling Law and Justice (PiS) party, according to an exit poll won the parliamentary election. On the basis of almost 83 per cent of the constituencies PiS got 45,16 per cent of votes. “We have four years of hard work ahead of us because Poland must continue changing, and it must be changing for the better,” Law and Justice leader Jarosław Kaczyński said.

The largest opposition bloc, the Civic Coalition, led by the Civic Platform (PO) party, was runner-up in Sunday’s election, with 26.1 per cent support, and is followed by the leftist alliance, The Left, the bloc of agrarian PSL and anti-system Kukiz’15 and the far-right Confederation. The turnout was 61.1 per cent, according to the exit poll.

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Hungary

Samsung SDI will expand the production capacity of its EV batteries plant in Göd, central Hungary, with an investment of HUF390bn (EUR1.75bn), Minister of Foreign Affairs and Trade, Péter Szijjártó announced. According to him, the Hungarian government will also provide financial support for the project, however, the volume of the funding is yet to be approved by the European Commission. Mr. Szijjártó added that the new investment would create 1,200 jobs on the long term.

The decision marks the third largest foreign investment in the Hungarian economy.

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Serbia, Albania and North Macedonia

The leaders of Albania, North Macedonia and Serbia agreed to allow passport-free travel for their citizens by 2021 and a quicker cross-border flow of goods to boost regional economic development. “The document that was signed is based on four key freedoms, which are represented in the EU, and they are flow of goods, capitals, services and people,” Serbia’s President Aleksandar Vucic stressed.

In November, the leaders of the three countries will meet in North Macedonia to define detailed steps of implementing the agreement.

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What’s up in indexes

BET (of Bucharest) increased from 9502.16 index points Thursday, October 10th to 9528.71 index points Friday, October 11th. It’s up 0.52 per cent d/d and up 13.4 per cent y/y.

BUX (of Budapest) increased from 39466.00 index points Thursday, October 10th to40332.56 index points Friday, October 11th. It’s up 2.19 per cent d/d and up 12.3 per cent y/y.

OMXR (of Riga) decreased from 1036.70 index points Thursday, October 10th to 1036.08 index points Friday, October 11th. It’s down 0.06 per cent d/d and up 13.2 per cent y/y.

OMXT (of Tallinn) increased from 1235.43 index points Thursday, October 10th to 1235.77 index points Friday, October 11th. It’s up 0.03 per cent d/d and up 2.68 per cent y/y.

OMXV (of Vilnius) increased from 693.79 index points Thursday, October 10th to 695.05 index points Friday, October 11th. It’s up 0.18 per cent d/d and up 6.02 per cent y/y.

PX (of Prague) increased from 997.28 index points Thursday, October 10th to 1013.55 index points Friday, October 11th. It’s up 1.63 per cent d/d and down 6.47 per cent y/y.

RTS (of Moscow) decreased from 1330.92 index points Thursday, October 10th to 1329.63 index points Friday, October 11th. It’s down 0.10 per cent d/d and up 18.3 per cent y/y.

SAX (of Bratislava) decreased from 347.10 index points Thursday, October 10th to 345.20 index points Friday, October 11th. It’s down 0.55 per cent d/d and up 4.01 per cent y/y.

SOFIX (of Sofia) increased from 557.40 index points Thursday, October 10th to 562.11 index points Friday, October 11th. It’s up 0.84 per cent d/d and down 7.71 per cent y/y.

UX (of Kyiv) decreased from 1517.94 index points Thursday, October 10th to 1516.67 index points Friday, October 11th. It’s down 0.08 per cent d/d and down 11.31 per cent y/y.

WIG20 (of Warsaw) increased from 2122.99 index points Thursday, October 10th to 2159.91 index points Friday, October 11th. It’s up 1.74 per cent d/d and 0.00 per cent y/y.

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