Polish apples banned in Sweden

More than 1 million vehicles produced in Slovakia

Rail Baltica project will accelerate

0.3 per cent deflation in Ukraine

Poland

„A total of 19 tons of Polish apples have been withdrawn from sale from the Swedish ICA supermarket chain due to reportedly dangerously high levels of pesticides” – the Polish Radio reports.

It is said, apples of the Paula Red variety tasted by Swedish National Food Agency, contain as much as 0.08 milligrams of chlorpyrifos pesticide each. The permissible standard for the chemical is 0.01 milligrams.

It is worth remembering the European Union has recently reduced the amounts of this kind of chemicals permitted in food.

As the Polish Radio informs, excessive amounts of chlorpyrifos can lead to brain damage.

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Slovakia

Slovakia’s car production hits an all-time record high. The Slovak Spectator reports in 2015 Slovak companies „surpassed 1 million vehicles produced”. Actually it’s 1,038,483 units –an increase of almost 70,000 cars from 2014.

The three major carmakres operating in the counry – Volkswagen Slovakia (VW SK), Kia Motors Slovakia and PSA Groupe Slovakia – account for up to 12 per cent of GDP.

The projections are good for the sectors. It is said it will grow further. The Slovak Spectator quotes Jurai Sinay, the president of the Automotive Industry Association (ZAP): “In the long term, there is additional space for growth that should be supported by the investment of Jaguar Land Rover”.

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Baltic States

Three Baltic states agreed on procurement model for Rail Baltica project. The representatives of Latvia, Estonia and Lithuania, gathered in the RB Rail coucil (the joint-venture establish to process the project), met on Wednesday, September 7th.

As the Baltic Course reports „the meeting was a turning point in cooperation among the Baltic states to continue work on the project. The representatives discussed centralized RB Rail procurements and national procurements supervised by RB Rail”. Under the agreement all procurements will be divided in three groups:

  1. procurements organized by the joint venture only,
  2. consolidated procurements implemented by the joint venture,
  3. procurements implemented by national companies under supervision of the joint venture.

The RB Rail will be the central manager of public procurements in the fields of the joint project standards, marketing and business research, etc.

Latvians, Estonians and Lithuanians also decided to sign an agreement on the Model for Rail Baltica project financing and implementation model project by September 30.

It is worth remembering Rail Baltica – a new 1,435 millimeter standard-gauge railroad – is supposed to link Finland, the Baltic States and Poland, and it’s one of the priority projects of the European Union. The European Commission (EC) has already allotted Latvia EUR228m for the first round of it. By 2020 the Baltic States will receive further EUR442.2m of financing.

„Implementation of Rail Baltica project will be new and valuable experience as so far there have not been similar cooperation projects, therefore the beginning has not been easy. I believe that all three countries are interested in receiving and investing financing in the future, growth and development. This, undoubtedly, is a challenge, but also a huge opportunity” – Uldis Augulis, Lavian Transport Minister commented.

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Ukraine

Consumer prices in Ukraine in August 2016 „have slightly decreased for the third month in a row, in particular by 0.3 per cent after falling 0.1 per cent in July and 0.2 per cent in June 2016.

The State Statistics Service informs in August 2015 the CPI fell by 0.8 per cent.

At the same time, since the beginning of this 2016, the CPI increased by 4.5 per cent.

The Interfax informs „the government and the National Bank of Ukraine forecast a slowdown in inflation to around 12 per cent with the growth of economy being about 1 per cent in 2016. Growth in consumer prices in Ukraine in 2015 accelerated to 43.3 per cent from 24.9 per cent in 2014, while the fall of GDP accelerated to 9.9 per cent from 6.6 per cent over the same period”.

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What’s up in indexes

BUX (of Budapest) decreased from 28642.84 index points Wednesday, September 7th to 28505.53 index points Thursday, September 8th. It dropped by 0.48 per cent d/d. From year-end it’s up 19.17 per cent.

BET (of Bucharest Stock Exchange) dropped by 0.39 per cent – falling from 7076.74 index points Wednesday, September 7th to 7058.71 index points Thursday, September 8th. From year-end it’s up 0.81 per cent.

PX (of Prague Stock Exchange) increased from 881.41 index points Wednesday, September 7th to 884.80 index points Thursday, September 8th. So it’s up 0.38 per cent d/d. From year-end it dropped by 7.48 per cent.

WIG20 (of Warsaw) dropped by 0.91 per cent d/d and by 3.53 per cent from year-end. It decreased from 1810.02 index points Wednesday, September 7th to 1793.48 index points Thursday, September 8th.

OMXT (of Tallinn) decreased from 1000.53 index points Wednesday, September 7th to 998.47 index points Thursday, September 8th. It dropped by 0.21 per cent d/d. From year-end it grew by 11.07 per cent.

OMXR (of Riga) dropped by 0.20 per cent – falling from 680.58 index points Wednesday, September 7th to 679.20 index points Thursday, September 8th. From year-end it’s up 14.28 per cent.

OMXV (of Vilnius) increased from 537.55 index points Wednesday, September 7th to 538.27 index points Thursday, September 8th. So it’s up 0.13 per cent d/d and up 10.76 per cent from year-end.

SAX (of Bratislava) dropped by 0.24 per cent d/d – falling from 323.27 index points Wednesday, September 7th to 322.50 index points Thursday, September 8th. From year-end it’s up 10.31 per cent.

SOFIX (of Sofia) decreased from 469.25 index points Wednesday, September 7th to 468.71 index points Thursday, September 8th. It dropped by 0.12 per cent d/d. From year-end it’s up 1.69 per cent.

UX (of Kyiv) dropped by 1.82 per cent – fallin from 765.73 index points Wednesday, September 7th to 751.79 index points Thursday, September 8th. From year-end it’s up 9.61 per cent.

CROBEX (of Zagreb) was up 0.10 per cent d/d and up 8.80 per cent from year-end. It increased from 1836.51 index points Wednesday, September 7th to 1838.29 index points Thursday, September 8th.

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