Polish Orbis increases its investment in Romania

Orbis headquarters, Warsaw, Poland (Orbis, Public domain)

Estonia’s exports up 17 per cent y/y

Shares of Russian companies fall on Moscow Exchange

Poland and Romania

Polish hotel group Orbis will open a new ibis Styles hotel near the Bucharest International Airport. As Romania Insider reports the group has signed a management agreement with the hotel owner, Liwa Properties, which is a part of ABS Holdings owned by Emirati Sheikh Ahmed Bin Saif Al Nahyan. The newly-built hotel, located in Otopeni on Calea Bucurestilor, will be the closest one to the airport, with 85 guest rooms, bar, restaurant and a parking.

Orbis operates 4 ibis hotels in Romania and has recently purchased the Mercure Unirii hotel in the city center in Bucharest, for EUR11.35m.

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Estonia

Statistic Estonia released data on Estonia’s trade. As the Baltic Course reports, in June 2018 the exports of goods increased by 17 per cent y/y, while imports was up 18 per cent y/y. “The growth in trade was affected the most by increased trade in mineral products,” writes the Baltic course. In the period mentioned, exports amounted to EUR1.3bn, while imports reached EUR1.4bn (at current prices). Thus the trade deficit was EUR153m.

Top destinations of the exported goods were: Finland (15 per cent of the total), Latvia (11 per cent) and Sweden (10 per cent). The most important partners were Finland (13 per cent of total imports of goods), Lithuania (10 per cent) and Germany (10 per cent).

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Russia

Shares of Russian companies declined on the Moscow Exchange after the news that US authorities plan to impose new sanctions against Russia over Skripal case (read more). The new measures are expected to enter into force on August 22nd. As the Tass Agency reports Aeroflot shares in early trading fell by 8.7 per cent, ordinary shares of Sberbank declined by 4 per cent, Rusal – by 3.3 per cent, VTB – by 2.3 per cent.

Also RUB declined. The USD exceeded the level of RUB66 for the first time since mid-November 2016

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What’s up in indexes

BET (of Bucharest) increased from 8,189.94 index points Tuesday, August 7th to 8,227.58 index points Wednesday, August 8th. It’s up 0.46 per cent d/d and down 2.69 per cent y/y.

BUX (of Budapest) decreased from 37,087.75 index points Tuesday, August 7th to 36,954.16 index points Wednesday, August 8th. It’s down 0.36 per cent d/d and up 0.50 per cent y/y.

CROBEX (of Zagreb) increased from 1,838.02 index points Tuesday, August 7th to 1,838.74 index points Wednesday, August 8th. It’s up 0.04 per cent d/d and down 0.50 per cent y/y.

OMXR (of Riga) increased from 1,009.50 index points Tuesday, August 7th to 1,009.93 index points Wednesday, August 8th. It’s up 0.04 per cent d/d and up 0.90 per cent y/y.

OMXT (of Tallinn) decreased from 1,245.07 index points Tuesday, August 7th to 1,239.29 index points Wednesday, August 8th. It’s down 0.46 per cent d/d and down 0.40 per cent y/y.

OMXV (of Vilnius) decreased from 714.03 index points Tuesday, August 7th to 713.27 index points Wednesday, August 8th. It’s down 0.11 per cent d/d and up 10.78 per cent y/y.

PX (of Prague) decreased from 1,087.50 index points Tuesday, August 7th to 1,084.80 index points Wednesday, August 8th. It’s down 0.25 per cent d/d and up 3.95 per cent y/y.

SAX (of Bratislava) decreased from 330.17 index points Tuesday, August 7th to 329.70 index points Wednesday, August 8th. It’s down 0.14 per cent d/d and down 1.71 per cent y/y.

SOFIX (of Sofia) increased from 640.21 index points Tuesday, August 7th to 640.46 index points Wednesday, August 8th. It’s up 0.04 per cent d/d and down 11.76 per cent y/y.

UX (of Kyiv) decreased from 1,651.89 index points Tuesday, August 7th to 1,635.33 index points Wednesday, August 8th. It’s down 1.00 per cent d/d and up 43.18 per cent y/y.

WIG20 (of Warsaw) increased from 2,304.11 index points Tuesday, August 7th to 2,307.12 index points Wednesday, August 8th. It’s up 0.13 per cent d/d and down 4.86 per cent y/y.

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