Montenegro’s DPS wins parliamentary election but needs coalition to govern
Credit line for Ukrainian Oschadbank approved by EBRD
SAP with EUR13m investment in Hungary
Allegro – the Polish online auction website has been sold for USD3.25bn to a group of private equity funds. The Polish Radio informs after the company’s owner, Naspers:
“South Africa-based global internet and entertainment group, Naspers Limited […], announced the disposal of a 100 per cent stake in Poland-based Allegro Group, which includes both Allegro.pl and Ceneo.pl, to funds advised by private equity firms Cinven, Permira and Mid Europa for USD3.253bn”.
Allegro is Poland’s the most popular online auction website with more than 20 million registered users, conducting more than 850,000 sales a day. Its headcount is 1,275.
The Prime Minister Milo Djukanovic is a leader of winning party, Democratic Party of Socialists, DPS, which will have 36 out of the 81 seats. So if the minority parties will form a coalition with DPS then Djukanovic will be able to form a new government. It’s the seventh in the row victory of DPS. Djukanovic had presented the vote and his party as a choice between the West and EU or becoming a “Russian colony”.
A day before the election a former Serbia Gendarmerie commander Bratislav Dikic and a group of 20 paramilitaries were detained by Montenegrin police with an alleged plan to “to disrupt Sunday’s election.” Prosecutors said the group may have been planning to kidnap Djukanovic, who has been in charge for 27 years.
The European Bank for Reconstruction and Development (EBRD) decided to provide a facility of up to EUR50m under the Trade Facilitation Programme (TFP) for the state-owned Oschadbank (Kyiv), on October 4th.
The Interfax reports the project is undertaken „within a broader effort aimed at facilitating Oschadbank’s commercialization and preparation for eventual privatization in the context of the state-owned bank reform program that is developed and being implemented by the government of Ukraine”.
Oschadbank was founded in 1991. It ranked 2nd among 108 operating banks in the country with total assets (UAH185.077bn).
Enterprise software giant SAP has announced a new investment in Hungary. A 5,500 square metre new office building located in Graphisoft Park will be completed by early 2017. It will create some 250 new jobs. The investment is worth EUR13m.
Portfolio.hu informs that „SAP Hungary Ltd. has launched developments worth HUF7bn in total, and the current one is part of that”. According to Portfolio.hu Economy Minister Mihály Varga underlined that info communication was given a priority position among the development-slated sectors in the Irinyi Plan, Hungary’s new strategy for reindustrialization.
What’s up in indexes
BUX (of Budapest) was up by 0.96 per cent – increasing from 28123.21 index points Thursday, October 13th to 28392.01 index points Friday, October 14th. From year-end it’s up 18.69 per cent.
BET (of Bucharest Stock Exchange) was up 0.55 per cent – increasing from 6866.15 index points Thursday, October 13th to 6896.49 index points Friday, October 14th. From year-end it dropped by 1.51 per cent.
PX (of Prague) was up 1.41 per cent – increasing from 886.64 index points Thursday, October 13th to 899.16 index points Friday, October 14th. From year-end it dropped by 5.98 per cent.
WIG20 (of Warsaw) dropped by 0.46 per cent d/d and by 7.50 per cent from year-end, falling from 1727.55 index points Thursday, October 13th to 1719.64 index points Wednesday, October 14th.
OMXT (of Tallinn) was up 0.25 per cent d/d and up 13.17 per cent from year-end. It grew from 1014.87 index points Thursday, October 13th to 1017.43 index points Friday, October 14th.
OMXR (of Riga) dropped by 0.74 per cent – falling from 728.49 index points Thursday, October 13th to 723.08 index points Friday, October 14th. From year-end it’s up 21.66 per cent.
OMXV (of Vilnius) was up 0.06 per cent – increasing from 540.70 index points Thursday, October 13th to 541.01 index points Friday, October 14th. From year-end it’s up 11.32 per cent.
SAX (od Bratislava) closed at 313.29 index points Friday, October 14th. The result was the same as Thursday’s: zero per cent change. From year-end it’s up 7.16 per cent.
SOFIX (of Sofia) dropped by 0.32 per cent – falling from 510.34 index points Thursday, October 13th to 508.69 index points Friday, October 14th. From year-end it’s up 10.37 per cent.
The bourse of Kyiv was closed Friday, October 14th.
CROBEX (of Zagreb) increased from 1971.69 index points Thursday, October 13th to 1972.42 index points Friday, October 14th. So it’s up 0.04 per cent.