Polish and Latvian entrepreneurs nominated for EIT Awards

(EIT, Public domain)

Romania has problems in fighting corruption

Eurozone ministers welcome Croatia’s bid to join ERM II

Poland and Latvia

The European Institute of Innovation and Technology (EIT) has released a list of nominees for its 2019 EIT Awards for creative innovation. Among 19 nominees of innovators, entrepreneurs and graduates are Kristaps Krafte from Latvia, who’s company Vigo is developing digital therapy for stroke recovery, and Piotr Wnukowski from Poland, who’s Napi Feryn BioTech provides a technology that extracts, purifies and isolates functional proteins derived from oilseeds, to be used in food.

All nominees were selected in recognition of their development of groundbreaking, innovative projects; delivering solutions to pressing global challenges in the fields of food, health, energy, climate, digitalization and raw materials.

“Given the challenges facing our society, it is more important than ever that we support the next generation of entrepreneurs,” Tibor Navracsics, European Commissioner for Education, Culture, Youth and Sport responsible for the EIT, said.

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Romania

Romania has made very little progress to put in place measures to fight corruption among lawmakers, judges and prosecutors and to address the concerns raised by its controversial judicial reform, the Council of Europe’s anti-corruption body GRECO said. Consequently, GRECO calls on the Romanian authorities to take determined action to achieve tangible progress as soon as possible.

In a follow-up report evaluating compliance with the recommendations issued in an ad hoc report concerning the judicial reform prepared under its urgent evaluation procedure in 2018, GRECO finds that the Romanian authorities have only implemented one out of five recommendations.

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Croatia

The prospects for Croatia’s participation in the European Exchange Rate Mechanism (ERM II) were discussed in Brussels by the Eurozone finance ministers, all of whom welcomed Zagreb’s formal bid to join candidates who want to adopt the EUR as the country’s national currency. The move could allow the Balkan country to join the Eurozone, which currently comprises 19 states, at the earliest in 2023, an EU official said.

Bulgaria started the same process last year and could join the Eurozone at the earliest in 2022.

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What’s up in indexes

BET (of Bucharest) decreased from 8911.40 index points Monday, July 8th to 8887.52 index points Tuesday, July 9th. It’s down 0.25 per cent d/d and up 13.0 per cent y/y.

BUX (of Budapest) decreased from 40777.00 index points Monday, July 8th to 40327.00 index points Tuesday, July 9th. It’s down 1.10 per cent d/d and up 13.0 per cent y/y.

OMXR (of Riga) decreased from 1044.14 index points Monday, July 8th to 1020.70 index points Tuesday, July 9th. It’s down 2.24 per cent d/d and down 3.31 per cent y/y.

OMXT (of Tallinn) increased from 1259.92 index points Monday, July 8th to 1269.83 index points Tuesday, July 9th. It’s up 0.79 per cent d/d and up 0.75 per cent y/y.

OMXV (of Vilnius) increased from 681.79 index points Monday, July 8th to 684.27 index points Tuesday, July 9th. It’s up 0.36 per cent d/d and down 3.49 per cent y/y.

PX (of Prague) decreased from 1052.12 index points Monday, July 8th to 1048.44 index points Tuesday, July 9th. It’s down 0.35 per cent d/d and down 3.01 per cent y/y.

RTS (of Moscow) decreased from 1399.55 index points Monday, July 8th to 1394.86 index points Tuesday, July 9th. It’s down 0.34 per cent d/d and up 16.9 per cent y/y.

SAX (of Bratislava) decreased from 347.09 index points Monday, July 8th to 345.57 index points Tuesday, July 9th. It’s down 0.55 per cent d/d and up 4.61 per cent y/y.

SOFIX (of Sofia) decreased from 582.90 index points Monday, July 8th to 578.60 index points Tuesday, July 9th. It’s down 0.75 per cent d/d and down 7.92 per cent y/y.

UX (of Kyiv) closed at 1608.80 index points Tuesday, July 9th. It’s the same result as Monday’s. It’s 0 per cent change d/d and up 3.32 per cent y/y.

WIG20 (of Warsaw) decreased from 2339.07 index points Monday, July 8th to 2312.63 index points Tuesday, July 9th. It’s down 1.13 per cent d/d and up 7.48 per cent y/y.

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