Prague remains the richest region in the CSE

Prague, Czech Republic (Jorge Franganillo, CC BY)

EIB provided EUR1.31bn to 9,000 small businesses in Romania

PSA to produce its first e-car in Slovakia

Czech Republic

In 2017, Prague was the 7th richest region of the European Union in terms of GDP per capita (187 per cent above the EU average), same as in 2016, followed by Slovakia’s Bratislava (179 per cent above EU average), according to Eurostat data.

Warsaw was 19th with GDP per capita at 152 per cent of the EU average. The Romanian capital city region — București-Ilfov — was considered by the EU standard a very developed region, by 44 percentage points above the EU development average and by 5 percentage points above Budapest. On the opposite side of the scale was northwestern Bulgaria with the GDP per capita reacing just 31 per cent of the EU average.

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Romania

The European Investment Bank Group (EIB Group), comprising the European Investment Bank (EIB) and its subsidiary, the European Investment Fund (EIF), provided EUR1.31bn in loans, guarantees, equity and microfinancing in Romania in 2018. Overall, 8,800 small businesses benefited from EIB Group operations, supporting approximately 200,000 jobs in Romania, according to a press release.

The EIB Group support represented some 0.64 per cent of Romanian GDP, and the country ranks 11th among EU Member States in terms of volume of EIB Group activities.

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Slovakia

The Slovak arm of the French carmaker PSA Groupe will start manufacturing new electric Peugeot 208 in its plant in Trnava. It is the first electric vehicle in history of PSA Groupe. “The Peugeot 208 e-car will reach customers around the world in the second half of 2019,” Peter Švec, spokesperson for Groupe PSA Slovakia informed.

In 2017, the carmaker in Trnava received an investment stimulus from the Slovak government as a tax holiday of EUR18.6m. The PSA Group will invest about EUR165m in Slovakia by the end of 2020.

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What’s up in indexes

BET (of Bucharest) decreased from 7738.12 index points Tuesday, February 26th to 7690.35 index points Wednesday, February 27th. It’s down 0.88 per cent d/d and down 8.61 per cent y/y.

BUX (of Budapest) decreased from 40819.00 index points Tuesday, February 26th to 40525.00 index points Wednesday, February 27th. It’s down 0.72 per cent d/d and up 5.36 per cent y/y.

CROBEX (of Zagreb) increased from 1,781.52 index points Tuesday, February 26th to 1,782.77 index points Wednesday, February 27th. It’s up 0.07 per cent d/d and down 0.15 per cent y/y.

OMXR (of Riga) increased from 990.58 index points Tuesday, February 26th to 994.44 index points Wednesday, February 27th. It’s up 0.39 per cent d/d and down 3.10 per cent y/y.

OMXT (of Tallinn) increased from 1228.48 index points Tuesday, February 26th to 1234.99 index points Wednesday, February 27th. It’s up 0.53 per cent d/d and down 4.90 per cent y/y.

OMXV (of Vilnius) increased from 646.75 index points Tuesday, February 26th to 648.34 index points Wednesday, February 27th. It’s up 0.25 per cent d/d and down 4.08 per cent y/y.

PX (of Prague) increased from 1065.39 index points Tuesday, February 26th to 1067.33 index points Wednesday, February 27th. It’s up 0.18 per cent d/d and down 3.94 per cent y/y.

SAX (of Bratislava) increased from 340.71 index points Tuesday, February 26th to 341.17 index points Wednesday, February 27th. It’s up 0.14 per cent d/d and up 2.59 per cent y/y.

SOFIX (of Sofia) decreased from 591.00 index points Tuesday, February 26th to 588.40 index points Wednesday, February 27th. It’s down 0.45 per cent d/d and down 14.42 per cent y/y.

UX (of Kyiv) increased from 1698.21 index points Tuesday, February 26th to 1707.15 index points Wednesday, February 27th. It’s up 0.53 per cent d/d and up 11.0 per cent y/y.

WIG20 (of Warsaw) decreased from 2365.93 index points Tuesday, February 26th to 2333.81 index points Wednesday, February 27th. It’s down 1.36 per cent d/d and down 3.62 per cent y/y.

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