Polish construction companies with big rise of profits

Warsaw, Poland (Daniel Kulinski, CC BY-NC-SA)

FDI in Bosnia and Herzegovina reached EUR400m

Slovenia to establish international AI research centre

Poland

According to a new report published by the research firm Spectis, in 2018, Poland’s construction companies generated a total net profit of PLN4.3bn (EUR1bn) compared to PLN2.9bn (EUR670m) in 2017.

“The Construction Market in Poland 2019-2025” report reveals that nearly half of the profit (PLN2.03bn) was contributed by companies specialized in construction projects, which are among the major beneficiaries of the upturn in the residential dwellings. While the general contracting sector was severely impacted by the increasing prices of building materials and labor costs, it benefitted from the substantial revenues hike, as a result of a significant increase of new projects.

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Bosnia and Herzegovina

According to the published preliminary data of the Central Bank of BiH, FDI in 2018 reached the amount of BAM800m (EUR400m), an increase of 2.8 per cent y/y.

FDI in 2019 is forecast to rise another 2.3 per cent of GDP, with the planned privatization of state-owned two telecoms operators, BH Telekom and HT Telekom. The delayed privatization, due to administrative hurdles, of Hydropower plants are also expected to start next year, Foreign Investment Promotion Agency of Bosnia and Herzegovina Director Gordan Milinic informed.

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Slovenia

Slovenia has approved the establishment of an Artificial Intelligence (AI) research centre with the official backing of UNESCO, and plans to convert the department of intelligent systems at the Jožef Stefan Institute in Ljubljana into a centre focusing on the governance and policies around AI, country’s Prime Minister Marjan Šarec informed at an event celebrating the 70th anniversary of the institute

The center will be open to stakeholders from around the world, offering policy support in drawing up guidelines and action plans for introducing AI technology in various fields. It will also run public consultations with the wider public on the impact of AI, STA News Agency reported.

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What’s up in indexes

BET (of Bucharest) increased from 8165.68 index points Wednesday, April 3rd to 8171.76 index points Thursday, April 4th. It’s up 0.22 per cent d/d and down 6.67 per cent y/y.

BUX (of Budapest) decreased from 42194.00 index points Wednesday, April 3rd to 41870.00 index points Thursday, April 4th. It’s down 0.77 per cent d/d and up 12.3 per cent y/y.

OMXR (of Riga) increased from 973.90 index points Wednesday, April 3rd to 978.83 index points Thursday, April 4th. It’s up 0.51 per cent d/d and down 6.09 per cent y/y.

OMXT (of Tallinn) increased from 1240.21 index points Wednesday, April 3rd to 1244.05 index points Thursday, April 4th. It’s up 0.31 per cent d/d and down 1.59 per cent y/y.

OMXV (of Vilnius) increased from 664.04 index points Wednesday, April 3rd to 672.60 index points Thursday, April 4th. It’s up 1.29 per cent d/d and down 4.61 per cent y/y.

PX (of Prague) decreased from 1086.69 index points Wednesday, April 3rd to 1085.49 index points Thursday, April 4th. It’s down 0.11 per cent d/d and down 2.37 per cent y/y.

RTS (of Moscow) decreased from 1224.35 index points Wednesday, April 3rd to 1219.94 index points Thursday, April 4th. It’s down 0.36 per cent d/d and down 1.65 per cent y/y.

SAX (of Bratislava) increased from 361.00 index points Wednesday, April 3rd to 361.46 index points Thursday, April 4th. It’s up 0.13 per cent d/d and up 9.64 per cent y/y.

SOFIX (of Sofia) decreased from 581.34 index points Wednesday, April 3rd to 581.00 index points Thursday, April 4th. It’s down 0.11 per cent d/d and down 11.22 per cent y/y.

UX (of Kyiv) closed at 1743.51 index points Thursday, April 4th. It’s the same result as Wednesday’s. It’s 0 per cent change d/d and up 2.13 per cent y/y.

WIG20 (of Warsaw) decreased from 2407.63 index points Wednesday, April 3rd to 2388.59 index points Thursday, April 4th. It’s down 0.79 per cent d/d and up 8.52 per cent y/y.

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