Polish state takes over Gdańsk port terminal

(Port of Gdańsk, Public domain)

Majority of Romanian companies lack the workforce

European Commission questions Tallinn-Helsinki tunnel

Poland

A consortium of investors, including Polish sovereign wealth fund PFR, has agreed to acquire the largest container terminal in Gdańsk from Australia’s Macquarie Group (investment bank). The value of the transaction is EUR1.1bn (PLN5bn). Paweł Borys, CEO of the PFR, announced plans to invest additional EUR470m in the next four years.

The Gdańsk terminal is the fastest-growing container port and one of the 15 largest ports of its kind in Europe.

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Romania

Almost seven out of ten Romanian employers say they have had lower profits due to lack of employees, according to a survey by the Romanian BestJobs platform. “The difficulty in recruiting the suitable employees in due time leads to higher pressure on other employees, but also to the loss of important contracts with certain clients, to the stagnation and fall in productivity, to reducing the company’s activity,” the release reads.

The BestJobs survey was conducted on a sample of small, medium sized and large companies in Romania.

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Estonia

Henrik Hololei, the EU’s director-general for mobility and transport, has warned Chinese investors, who are ready to finance a tunnel between Tallinn and Helsinki, that they must act in accordance with EU rules. And he questioned the necessity of the tunnel. He commented the planned construction few days after FinEst Bay Area Development announced that it had secured EUR15bn in financing from Chinese Touchstone Capital Partners.

“We are speaking of an investment in the range of EUR15-20bn, even though today we have ship connections which ensure relatively fast transit from Tallinn to Helsinki. I am absolutely certain that if this tunnel should materialize, it will not make things cheaper in any way for the passenger,” Mr Hololei said.

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What’s up in indexes

BET (of Bucharest) increased from 7877.53 index points Monday, March 18th to 7922.13 index points Tuesday, March 19th. It’s up 0.50 per cent d/d and down 9.72 per cent y/y.

BUX (of Budapest) decreased from 42085.00 index points Monday, March 18th to 42014.00 index points Tuesday, March 19th. It’s down 0.17 per cent d/d and up 11.5 per cent y/y.

CROBEX (of Zagreb) increased from 1,774.12 index points Monday, March 18th to 1,775.12 index points Tuesday, March 19th. It’s up 0.34 per cent d/d and down 0.95 per cent y/y.

OMXR (of Riga) decreased from 981.56 index points Monday, March 18th to 970.66 index points Tuesday, March 19th. It’s down 1.11 per cent d/d and down 5.99 per cent y/y.

OMXT (of Tallinn) increased from 1235.36 index points Monday, March 18th to 1240.46 index points Tuesday, March 19th. It’s up 0.41 per cent d/d and down 5.70 per cent y/y.

OMXV (of Vilnius) decreased from 654.53 index points Monday, March 18th to 654.02 index points Tuesday, March 19th. It’s down 0.05 per cent d/d and down 4.25 per cent y/y.

PX (of Prague) decreased from 1076.73 index points Monday, March 18th to 1075.36 index points Tuesday, March 19th. It’s down 0.13 per cent d/d and down 3.70 per cent y/y.

SAX (of Bratislava) increased from 341.45 index points Monday, March 18th to 342.96 index points Tuesday, March 19th. It’s up 0.44 per cent d/d and up 1.64 per cent y/y.

SOFIX (of Sofia) increased from 583.80 index points Monday, March 18th to 586.00 index points Tuesday, March 19th. It’s up 0.38 per cent d/d and down 12.77 per cent y/y.

UX (of Kyiv) decreased from 1700.69 index points Monday, March 18th to 1699.73 index points Tuesday, March 19th. It’s down 0.06 per cent d/d and up 3.68 per cent y/y.

WIG20 (of Warsaw) increased from 2345.84 index points Monday, March 18th to 2352.42 index points Tuesday, March 19th. It’s down 0.28 per cent d/d and up 4.62 per cent y/y.

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