Polish e-book company to take over its German competitor

(Arcaion, Public domain)

EAEU agrees on free trade zone with Serbia

The inflation in Czech Republic hit the highest level since October 2012

Poland

Polish e-book subscription service Legimi will take over its German competitor Readfy, before listing on the NewConnect stock market, company co-founder Mikołaj Małaczyński informed. The takeover should be finalized by May 2019.

Founded in 2009, Legimi started offering e-book and audiobook subscriptions in 2012, a year before industry giant Amazon offered such a service. Legimi officials say the company in 2018 has more than 30,000 subscribers, and that they spend an average EUR6 per month on the platform. The company’s app has been downloaded more than a million times.

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Serbia

TASS News Agency informed that the Eurasian Economic Union (EAEU) and Serbia agreed on a free trade zone, the trade minister of the Eurasian Economic Commission, Veronika Nikishina said. “This year we have completed negotiations with Serbia and are launching preparations for signing the agreement, we hope it will be signed in October,” Ms. Nikishina added.

She also said that similar talks with Singapore were nearing completion and a corresponding agreement was also expected this year.

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Czech Republic

According to data by the Czech Statistics Office inflation increased by 3.0 per cent y/y in March from 2.7 per cent in February, above market expectations of 2.9 per cent. The inflation hit the upper-tolerance band of the Czech National Bank target, the highest level since October 2012.

The biggest influence on the y/y consumer price increase in March had the real estate market. Rents increased by 3.6 per cent, while utilities costs increased by 2.6 per cent, and natural gas prices increased by 3.6 per cent.

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What’s up in indexes

BET (of Bucharest) increased from 8310.15 index points Wednesday, April 10th to 8318.04 index points Thursday, April 11th. It’s up 0.17 per cent d/d and down 5.78 per cent y/y.

BUX (of Budapest) increased from 42226.00 index points Wednesday, April 10th to 42694.00 index points Thursday, April 11th. It’s up 1.11 per cent d/d and up 12.4 per cent y/y.

OMXR (of Riga) decreased from 977.13 index points Wednesday, April 10th to 968.58 index points Thursday, April 11th. It’s down 1.10 per cent d/d and down 6.09 per cent y/y.

OMXT (of Tallinn) increased from 1239.45 index points Wednesday, April 10th to 1243.58 index points Thursday, April 11th. It’s up 0.43 per cent d/d and down 0.90 per cent y/y.

OMXV (of Vilnius) decreased from 676.62 index points Wednesday, April 10th to 675.62 index points Thursday, April 11th. It’s down 0.03 per cent d/d and down 3.69 per cent y/y.

PX (of Prague) increased from 1086.27 index points Wednesday, April 10th to 1091.03 index points Thursday, April 11th. It’s up 0.44 per cent d/d and down 2.94 per cent y/y.

RTS (of Moscow) decreased from 1262.48 index points Wednesday, April 10th to 1245.17 index points Thursday, April 11th. It’s down 1.37 per cent d/d and up 14.9 per cent y/y.

SAX (of Bratislava) closed at 350.40 index points Thursday, April 11th. It’s the same result as Wednesday’s. It’s 0 per cent change d/d and up 1.53 per cent y/y.

SOFIX (of Sofia) decreased from 580.50 index points Wednesday, April 10th to 579.00 index points Thursday, April 11th. It’s down 0.74 per cent d/d and down 12.36 per cent y/y.

UX (of Kyiv) closed at 1743.51 index points Thursday, April 11th. It’s the same result as Wednesday’s. It’s 0 per cent change d/d and down 1.69 per cent y/y.

WIG20 (of Warsaw) decreased from 2391.80 index points Wednesday, April 10th to 2374.97 index points Thursday, April 11th. It’s down 0.70 per cent d/d and up 4.54 per cent y/y.

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