Polish airlines LOT will talk with Russia re: Siberian overflights

((Grzegorz Jereczek, CC BY-SA))

China allows imports of Lithuanian dairy products

Slovaks want to save Vojany power plant

Romania could be the next EU tech-startup hub

Poland

„Poland will hold talks with Russia to negotiate an increase of the number of flights allowed over Siberia which is crucial if national carrier LOT Polish Airlines wants to expand its Asian destinations,” the Polish Radio informs. Flying over Siberia is a popular route for European airlines. LOT wants to open new routes to Asia, this year a new route was opened to Tokyo and flights to Seoul will start in October.

LOT’s five-year strategy plan envisages increased number of carried passengers: from 5.5 million in 2016 to over 10 million in 2020. Polish state is helping LOT in achieving this goal. The Polish Radio quotes Piotr Samson, the acting president of Poland’s Civil Aviation Authority, who said that the talks with Russia will start in September 2016. “In two weeks we will conduct talks with Russia about overflight of Siberia by LOT planes,” he commented.

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Lithuania

Baltic Course reports China has approved a list of 16 Lithuanian dairy processing companies allowed to export their products to the Middle Kingdom. One of the first companies that will ship its products is Vilkyskiu Pienne – a milk processing firm. It plans to send some 20 tons of mozzarella to China.

The portal quotes, Ina Marciulionyte, the Lithuania’s Ambassador to China: „Yes, the list was approved and all of the Lithuanian companies on the list will be able to export their products.”

There are over 20 companies in Lithuania that produce dairy products. The largest are: Pieno Zvaigzdes, Rokiskio Suris, Zemaitijos Pienas, Vilkyskiu Pienin and Marijampoles Pieno Konservai. They process about 94 per cent of the whole Lithuanian milk.

The cooperation with China is crucial for Lithuania, as the country lost, due to the sanctions imposed by Russia, the highly profitable Russian market (it exported to Russia 20-40 per cent of the production).

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Slovakia

Slovak officials consider shutting down the coal-fired thermal power plan Vojany (Košice Region). The low price of electricity as a commodity and the regulatory policy led the plant to a financial crisis. 

But, as Slovak Spectator reports, the Economy Ministry wants to maintain production and employment at Vojany. The plant employs 118 people directly and 250 indirectly.

„A group composed of experts from the Economy Ministry, electricity generator Slovenské Elektrárne (SE), the Office for the Regulation of Network Industries (ÚRSO) and the Slovak Electricity Transmission Network (SEPS) should be set up to deal with the issue,” Slovak Spectator informs. The talks has been held for several months.

“We believe that this working group will be able to find some sustainable solution in the short term,” Slovak Spectator quotes SE spokesperson Jana Burdová.

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Romania

Romania Insider reports: „Bucharest has created a new generations of tech entrepreneurs and Romania’s IT boom has been supported by its high-speed internet. The country’s peak’s internet speeds are the fastest in Europe and the sixth fastest in the world.”

In the last five years 170 tech start-ups have been created in Romania, according to the European Digital City Index. Romania has the third largest percentage of women working in IT and telecommunications in Europe.

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What’s up in indexes

BUX (of Budapest) increased from 27723.68 index points Tuesday, August 23rd to 27949.27 index points Wednesday, August 24th. So it’s up 0.81 per cent d/d. From year-end it’s up 16.84 per cent.

BET (of Bucharest Stock Exchange) increased from 6895.87 index points Tuesday, August 23rd to 6952.26 index points Wednesday, August 24th. So it’s up 0.82 per cent d/d. From year-end it dropped by 0.71 per cent.

PX (of Prague Stock Exchange) increased from 850.72 index points Tuesday, August 23rd to 858.06 index points Wednesday, August 24th. So it’s up 0.86 per cent d/d. From year-end it dropped by 10.28 per cent.

WIG20 (of Warsaw) dropped by 0.24 per cent d/d and by 3.92 per cent from year-end. It decreased from 1790.60 index points Tuesday, August 23rd to 1786.32 index points Wednesday, August 24th.

OMXT (of Tallinn) was up 0.06 per cent d/d – increasing from 998.34 index points Tuesday, August 23rd to 998.97index points Wednesday, August 24th. From year-end it’s up 11.12 per cent. 

OMXR (of Riga) dropped by 0.64 per cent – falling from 646.38 index points Tuesday, August 23rd to 642.26 index points Wednesday, August 24th. From year-end it’s up 8.06 per cent.

OMXV (of Vilnius) increased from 536.84 index points Tuesday, August 23rd to 537.88 index points Wednesday, August 24th. So it’s up 0.19 per cent d/d. From year-end it’s up 10.68 per cent.

SAX (of Bratislava) was up 0.71 per cent d/d and up 8.09 per cent from year-end. The index increased from 313.76 index points Tuesday, August 23rd to 316.00 index points Wednesday, August 24th.

SOFIX (of Sofia) increased from 470.03 index points Tuesday, August 23rd to 472.20 index points Wednesday, August 24th. So it’s up 0.46 per cent d/d. From year-end it’s up 2.45 per cent.

The stock of Ukraine (Kyiv) was closed Wednesday, August 24th. Tuesday, August 23rd UX closed at 692.33 index points. From year-end it’s up 0.94 per cent.

CROBEX (of Zagreb) closed at 1799.97 index points Wednesday, August 24th. The day before it closed at 1799.00 index points. So it’s zero per cent change d/d. From year-end it’s up 6.53 per cent.

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