Polish PKN Orlen wants to integrate its Czech business

Benzina, gas station owned by Unipetrol, Czech Republic (Unipetrol, Public domain)

Slovenian Fund of Funds with the first EUR63.25m

26 per cent of Bulgarians pay with debit card while shopping online

Poland

The Polish Radio informs that Polish oil refinery PKN Orlen announced call for shares of Unipetrol, its Czech downstream unit. Currently, PKN Orlen holds 62.9 per cent stake in the company. As the Polish state-owned giant announced, it plans to hold 90 per cent stake. The company offered CZK380 (EUR14.81) per share of Unipetrol. PKN Orlen also plans do delist Unipetrol from Prague Stock Exchange.

Orlen said this is a part of a strategy to integrate its “refining assets, extend the petrochemical value chain and develop the retail network,” the portal reports.

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Slovenia

Slovenian fund that was established to “optimise the management of EU cohesion funds aimed to promote financing sustainable economic growth and development” got its first injection from the EU. SEE News Corporate Wire informs that the Fund of Funds (FOF) has just received EUR63.25m. This is the first tranche of the total financing expected to be EUR253m.

Slovenian government will develop financial instruments in four areas: research, development and innovation, small and medium enterprises, energy efficiency and urban development. FOF was established in November 2017 by the country’s economy ministry and the National Promotional Bank SID Bank.

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Bulgaria

26 per cent of Bulgarians use a debit card while shopping online, the data from Visa suggest. The number increases. It’s up 8 per cent y/y. Novinite.com comments that Bulgarian citizens continue to recognize the benefits of electronic payments and confidence in using them increased.

Bulgarians mostly do shopping in e-commerce stores (42 per cent), large international retailers (23 per cent) and other international online stores (18 per cent).

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What’s up in indexes

BET (of Bucharest) decreased from 7,591.50 index points Tuesday, December 12th to 7,538.38 index points Wednesday, December 13th. It’s down 0.70 per cent d/d and up 7.92 per cent y/y.

BUX (of Budapest) increased from 38,018.26 index points Tuesday, December 12th to 38,228.16 index points Wednesday, December 13th. It’s up 0.55 per cent d/d and up 23.56 per cent y/y.

CROBEX (of Zagreb) decreased from 1,863.45 index points Tuesday, December 12th to 1,857.53 index points Wednesday, December 13th. It’s down 0.26 per cent d/d and down 6.88 per cent y/y.

OMXR (of Riga) increased from 1,019.60 index points Tuesday, December 12th to 1,025.04 index points Wednesday, December 13th. It’s up 0.53 per cent d/d and up 39.86 per cent y/y.

OMXT (of Tallinn) decreased from 1,196.21 index points Tuesday, December 12th to 1,187.36 index points Wednesday, December 13th. It’s down 0.74 per cent d/d and up 13.26 per cent y/y.

OMXV (of Vilnius) decreased from 656.69 index points Tuesday, December 12th to 655.75 index points Wednesday, December 13th. It’s down 0.14 per cent d/d and up 17.49 per cent y/y.

PX (of Prague) increased from 1,059.51 index points Tuesday, December 12th to 1,059.92 index points Wednesday, December 13th. It’s up 0.04 per cent d/d and up 16.34 per cent y/y.

SAX (of Bratislava) increased from 323.72 index points Tuesday, December 12th to 325.16 index points Wednesday, December 13th. It’s up 0.44 per cent d/d and up 3.88 per cent y/y.

SOFIX (of Sofia) decreased from 666.99 index points Tuesday, December 12th to 666.74 index points Wednesday, December 13th. It’s down 0.04 per cent d/d and up 14.79 per cent y/y.

UX (of Kyiv) increased from 1,282.59 index points Tuesday, December 12th to 1,290.24 index points Wednesday, December 13th. It’s up 0.60 per cent d/d and up 65.72 per cent y/y.

WIG20 (of Warsaw) decreased from 2,413.68 index points Tuesday, December 12th to 2,409.46 index points Wednesday, December 13th. It’s down 0.17 per cent d/d and up 25.53 per cent y/y.

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