Railway companies will open a regular service Kaunas-Bialystok

(Dariusz Sieczkowski, CC BY-ND)

Slovakia improves its competitiveness

Czech’s exports to the US increased

Poland – Lithuania

“Lithuanian and Polish railway companies are set to launch a regular passenger service between Kaunas and Bialystok in mid-June 2016, following six months of negotiations,” Baltic Course informs. It will be operated by Lietuvos Gelezinkeliai and Przewozy Regionalne. The two companies signed an agreement on May 31st.

„The train service between Kaunas and Bialystok will be operated on weekends. A 4.5-hour trip will cost EUR11,” Baltic Course writes.  „The route is being launched on June 17th,” the portal quotes  Stasys Dailydka, the CEO of  Lietuvos Gelezinkeliai.

Baltic Course reminds that for the last 76 years there hasn’t been any direct connection between Polish and Lithuanian cities. 

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Visegrad Group

In the IMD World Competitiveness Yearbook 2016, published by the Switzerland-based IMD World Competitiveness Centre, Slovakia ranks 40th. The country climbed from 46th place in the previous ranking. The best in the field of competitiveness from the Visegrad group are: the Czech Republic (27th) and Poland (33rd). Hungary is 46th.

„The improved position may be a result of better macroeconomic development rather than the specific reforms of the government,” Slovak Spectator quotes an analysts from the F. A. Hayek Foundation, the partner organization of IMD World Competitiveness Center in Slovakia.

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Czech Republic

The Czech Statistical Office informs Czech’s exports to the United States have increased rapidly in the past three years, reaching CZK100bn (EUR3.69bn). „This makes the US the country’s biggest export partner outside the EU and the most dynamically growing market for the Czech Republic regarding mutual trade,” Radio Praha reports. „Exports to the US have almost doubled in the past decade and since 2011 the volume of Czech exports to the country has exceeded the volume of US imports. The US market is now one of the top ten export destinations in terms of volume. In terms of value the United States ranks among the top three countries. In 2015 Czech companies exported goods to the US worth CZK92.2bn, a 2.4 per cent share of the country’s overall exports, and an export volume comparable to Spain or Belgium.”

The country mostly exports to the US: cars and vehicle parts, engines and tires, turbines and turbine pumps, pharmaceuticals and microscopes. The Czech Republic has the 30th largest export economy in the world, but as much as 83 per cent of the country’s exports go to the EU member states.

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What’s up in indexes?

BUX (od Budapest) dropped by 2.10 per cent – falling from 27098.72 index points Monday, May 30th to 26521.19 index points Tuesday, May 31st. From year-end it’s up 10.87 per cent.

BET (of Bucharest Stock Exchange) increased from 6350.90 index points Monday, May 30th to 6360.32 index points Tuesday, May 31st. So it’s up 0.15 per cent d/d. From year-end it lost 9.19 per cent.

PX (of Prague) was up 0.12 per cent – climbing from 892.68 index points Monday, May 30th to 893.76 index points Tuesday, May 31st. From year-end it lost 6.54 per cent.

WIG20 (of Warsaw) dropped by 1.82 per cent – decreasing from 1841.79 index points Monday, May 30th to 1808.24 index points Tuesday, May 31st. From year-end it dropped by 2.74 per cent.

OMXT (of Tallinn) increased from 988.24 index points Monday, May 30th to 989.38 index points Tuesday, May 31st. So it’s up 0.12 per cent d/d and up 10.05 per cent from year-end.

OMXR (of Riga) was up 1.64 per cent – increasing from 633.11 index points Monday, May 30th to 643.51 index points Tuesday, May 31st. From year-end it’s up 8.27 per cent.

OMXV (of Vilnius) dropped by 0.52 per cent d/d – decreasing from 517.95 index points Monday, May 30th to 515.27 index points Tuesday, May 31st. From year-end it’s up 6.02 per cent.

SAX (of Bratislava) dropped by 0.51 per cent – decreasing from 320.60 index points Monday, May 30th to 318.95 index points Tuesday, May 31st. From year-end it’s up 9.10 per cent.

SOFIX (of Sofia) was up 0.06 per cent – increasing from 441.06 index points Monday, May 30th to 441.34 index points Tuesday, May 31st. From year-end it dropped by 4.24 per cent.

UX (of Kyiv) was up 0.25 per cent – increasing from 624.13 index points Monday, May 30th to 625.70 index points Tuesday, May 31st. From year-end the index lost 8.77 per cent.

CROBEX (of Zagreb Stock Exchange) dropped by 0.43 per cent – decreasing from 1712.06 index points Monday, May 30th to 1704.64 index points Tuesday, May 31st. From year-end it grew by 0.89 per cent.

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