The World Bank will lend USD10m to Belarus
Egypt wants to learn about infrastructure from Latvia
“The Bulgarian government decided to allocate slightly over BGN5.1m (EUR2.6m) for the purchase of equipment to be used by the specialized police forces and the gendarmerie,” Novinite.com informs. This was announced by the Deputy Internal Affairs Minister, Georgi Abadzhiev, on March 25th.
“The director of the Chief Directorate of the National Police clarified that the funds will be used for the purchase of personal protective gear, protective equipment, vehicles and radio communication units. Considerable part of the sum will be used for building two information systems – the central police system and the integrated police register – and will be allocated to the specialized forces operating in Sofia, Plovdiv, Varna, Burgas, Ruse and Stara Zagora,” Novinite.com reports.
The budget of the Ministry of Internal Affairs for 2016 exceeds BGN1.1bn.
The World Bank has lent to Belarus USD10m “to improve its budget practices, including consolidating cash balances and improving transparency,” Radio Free Europe informs. It’s not the first loan, since 1992 the World Bank has provided Belarus with a total of USD1.6bn in loans and USD28m in grants for development of civil society organizations, among other projects.
“The Belarusian government recognizes that changes are needed in the way it manages public finances and we are ready to assist the authorities in this endeavor. Budget planning and execution is a key foundation for public sector reforms to improve service delivery and efficiently use public resources,” comments Young Chul Kim, the World Bank’s country manager for Belarus.
After Egyptian officials visited Latvia between March 21st and 25th, the Egyptian Transport Ministry informed the country is “interested in cooperation with Latvia, especially in exchange of experience regarding transport infrastructure,” Baltic Course reports.
Egyptian Ministry says that Latvian experts “have good knowledge but small market, while Egypt lacks know-how, but has an access to a large market because Egypt serves as a gate to Africa”.
Latvian Transport Minister Uldis Augulis (from Greens/Farmers coalition) revealed Latvia has cooperation proposals for Egypt including well-developed transit corridors and broad knowledge and experience. “Augulis also asked Egyptian companies to use Latvia’s transit corridor with the well-developed infrastructure for cargo transportation and distribution of goods in the CIS countries and Scandinavia,” Baltic Course informs.
What’s up in indexes?
Friday was a non-trading day on Budapest Stock Exchange. BUX closed at 25446.10 index points Thursday, March 24th. From year-end it’s up 6.38 per cent.
BET (of Bucharest Stock Exchange) increased from 6746.74 index points Thursday, March 24th to 6755.54 index points Friday, March 25th. So it’s up 0.14 per cent d/d. From year-end it lost 3.52 per cent.
Friday, March 25th was non trading day on Prague Stock Exchange. PX closed at 888.93 index points Thursday, March 24th. From year-end it dropped by 7.05 per cent.
Warsaw Stock Exchange was also closed on Friday, March 25th. WIG20 closed at 1936.19 index points Thursday, March 24th. From year-end it was up 4.14 per cent.
OMXT (of Tallinn) closed at 972.68 index points Thursday, March 24th. From year-end it’s up 8.20 per cent. Friday, March 25th was non trading day.
OMXR (of Riga) closed at 614.30 index points Thursday, March 24th. The next day the stock was closed. From year-end it’s up 3.36 per cent.
OMXV (of Vilnius) closed at 507.08 index points Thursday, March 24th. The next day was non trading day. From year-end it’s up 4.34 per cent.
SAX (of Bratislava) closed at 324.01 index points Thursday, March 24th. From year-end it’s up 10.83 per cent. Friday, March 25th was non trading day.
SOFIX (of Sofia) closed at 444.30 index points Thursday, March 24th. From year-end it lost 3.60 per cent. Friday, March 25th was non trading day.
UX (of Kyiv) grew by 1.51 per cent d/d – increasing from 547.07 index points Friday, March 25th to 555.33 index points Monday, March 28th. From year-end it lost 19.03 per cent.
No trading on Zagreb Stock Exchange) on Friday, March 25th and Monday, March 28th. On Thursday, March 24th CROBEX closed at 1661.51 index points. From year-end the index lost 1.66 per cent.