Prague will finally have a new metro line

Prague underground, Czech Republic (Adam Sporka, CC BY)

Banks deposits in Bulgaria up 8.4 per cent y/y

Rail Baltica will create new jobs in Estonia

Czech Republic

Construction works on D-route, long awaited north-south metro line, will start “soon” as the Radio Prague reports. At first the archaeological examination will take place in the first section between Pankrac south and Olbrachtova. It is planned for the summer 2018.

D-route should be completed by 2022 or 2023 and its total cost will reach CZK50bn (EUR1.8bn).

Prague Metro has three lines: A (green one), B (yellow one) and C (red one). There are 61 stations. The first station was opened in 1974. Over 1,6 million passengers use it on the daily basis.

>>More

Bulgaria

The Bulgarian National Bank (BNB) informed that the value of bank deposits of the non-government was up 8.4 per cent y/y in March 2017. The amount was EUR35.1bn (BGN68.6bn). Corporate deposit grew by 10 per cent y/y and household deposits by 6.4 per cent y/y.
Companies accumulated BGN19.2bn on their accounts, while households had BGN45.5bn.

>>More

Estonia

Postimees publishes data from a study showing that the high-speed rail connection will generate new jobs and salaries increases in Estonia.

Annika Lentso from University of Tartu drafted two scenarios. In the first one the Rail Baltica will be completed and if it happens it will increase an average monthly salary up to EUR3,033 and will boost the economic growth up to 2.5 per cent by 2035. Lentso points out that the average salary will be three times higher than the current one (EUR1,146).

In the second scenario the project will not be finished. In that case the annual growth will be at the level of 1.7 per cent and an average salary will be about EUR2,000.

The study shows that completion of the Rail Baltica will require 440 specialists. Lentso writes that “Morover, labor demand would grow in companies indirectly tied to this project (…) Rail Baltica would therefore ideally create an additional 2,000 jobs in Estonia.”

>>More

What’s up in indexes

BET (of Bucharest) decreased from 8,260.33 index points Tuesday, April 25th to 8,238.13 index points Wednesday, April 26th. It’s down 0.27 per cent d/d and up 25.17 per cent y/y.

BUX (of Budapest) decreased from 33,519.07 index points Tuesday, April 25th to 33,198.93 index points Wednesday, April 26th. It’s down 0.96 per cent d/d and up 23.60 per cent y/y.

CROBEX (of Zagreb) increased from 1,937.55 index points Tuesday, April 25th to 1,938.92 index points Wednesday, April 26th.  It’s up 0.07 per cent d/d and up 18.69 per cent y/y.

OMXR (of Riga) increased from 814.80 index points Tuesday, April 25th to 817.23 index points Wednesday, April 26th. It’s up 0.30 per cent d/d and up 30.01 per cent y/y.

OMXT (of Tallinn) increased from 1,114.93 index points Tuesday, April 25th to 1,125.89 index points Wednesday, April 26th. It’s up 0.98 per cent d/d and up 14.19 per cent y/y.

OMXV (of Vilnius) decreased from 580.95 index points Tuesday, April 25th to 580.09 index points Wednesday, April 26th. It’s down 0.15 per cent d/d and up 15.49 per cent y/y.

PX (of Prague) increased from 992.98 index points Tuesday, April 25th to 998.74 index points Wednesday, April 26th. It’s up 0.58 per cent d/d and up 9.17 per cent from year-end.

SAX (of Bratislava) closed at 312.96 index points Wednesday, April 26th. It’s the same result as Tuesday’s. It’s up 0.00 per cent d/d and down 3.93 per cent y/y.

SOFIX (of Sofia) decreased from 653.76 index points Tuesday, April 25th to 650.74 index points Wednesday, April 26th. It’s down 0.46 per cent d/d and up 49.56 per cent y/y.

UX (of Kyiv) decreased from 1,019.91 index points Tuesday, April 25th to 995.49 index points Wednesday, April 26th. It’s down 2.39 per cent d/d and up 64.09 per cent y/y.

WIG20 (of Warsaw) increased from 2,353.17 index points Tuesday, April 25th to 2,383.97 index points Wednesday, April 26th. It’s up 1.31 per cent d/d and up 24.40 per cent y/y.

Share this post

TOP