Real estate in Bulgaria is booming

Ardino, Bulgaria (Ali Eminov, CC BY-NC)

Slovakia has drown only 1.85 per cent of EU funds

Ukrainian government considers free trade area with Indonesia

Latvia and Estonia are leaders among OECD members in the use of fiber connections

Bulgaria

The number of newly built homes in Bulgaria increased 3.2 per cent y/y in Q2 2016 and the number of dwellings grew by 15.6 per cent in the same period.

The country’s statistical office NSI informed the total number of dwellings reached 2,248 in April-June 2016. Most of them were one bedroom apartments (39.1 per cent of all), followed by two bedrooms apartments (27.9 per cent of all). As “Novinite.com” reports, the number of dwellings with five and more bedrooms had the lowest share among the newly built dwellings – 2.7 per cent

Houses comprised 72.6 per cent of all housing projects completed and ready for use in the second quarter of 2016, followed by blocks of flats with a share of 15.3 per cent. Most of those houses are being built in Plovdiv Region.

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Slovakia

The Office of the Deputy Prime Minister of Slovakia informs that by the end of July 2016, Slovakia had drawn about EUR286.6m of the total allocated funds of EUR15.5bn from the 2014-2020 budget. Slovak Spectator reports that in 2014-2016 Slovak authorities launched 128 calls for submission of applications for non-refundable contribution and contracted about EUR2.4bn (15.58 per cent of all resources).

“The Operational Program (OP) Integrated Infrastructure which supports mainly transport projects and digitalization of public administration has announced most of the calls (39) and has spent 2.98 per cent of its allocated funds. The second biggest is the OP Human Resources with 26 calls which aims at education, employment, social inclusion and vulnerable groups in the labour market, 25.95 per cent of contracted funds and 1.2 per cent of approved drawings,” Spectator writes.

Some funds went to the OP Quality of Environment (22 calls announced by the end of July 2016; so far the program drew 0.03 per cent of available funds).

Till now, the certification authority has not approved a total of 23 calls of the OP Research and Innovation (contracted 3.9 per cent of funds), Integrated Regional OP (6.63 per cent) and OP Technical Assistance (10.28 per cent).

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Ukraine

Ukraine will not only produce power generating equipment for Indonesia, it is possible the two countries will launch a free trade area. That’s the second result of the Ukrainian President Petro Poroshenko visit to Indonesia.

The Interfax reports Poroshenko and the Indonesian President Joko Widodo negotiated an agreement to start consultations on a free trade area between Ukraine and Indonesia. The agency quotes Poroshenko: “We have agreed with President Widodo to start consultations on the free trade area (…) Ukraine could be a platform for Indonesian investors to reach the European market.”

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Latvia and Estonia

“Latvia ranks third and Estonia fifth among member states of the Organization for Economic Cooperation and Development (OECD) for the percentage of fiber connections in total broadband,” Baltic Course writes. The countries with the highest ratio are Japan  (73.3 per cent),  South Korea (71.3 per cent), Latvia with (60.7 per cent) and Sweden with (48.9 per cent) and Estonia (34.2 per cent).

At the same time Estonia and Latvia are at the bottom of the OECD scoreboard when it comes to the speed of growth in fiber subscriptions year over year. Their ratios are – respectively –  7.36 per cent and 6 per cent. 

The top three countries with the highest ratio of the speed of growth in fiber penetration are: New Zealand (132.18 per cent), Greece (123.73 per cent) and Spain (101.92 per cent).

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What’s up in indexes

BUX (of Budapest) increased from 27311.45 index points Friday, August 5th to 273757.86 index points Monday, August 8th. So it’s up 0.17 per cent d/d and up 14.37 per cent from year-end. 

BET (of Bucharest Stock Exchange) increased from 6752.01 index points Friday, August 5th to 6846.54 index points Monday, August 8th. So it’s up 1.40 per cent d/d. From year-end it dropped by 2.25 per cent. 

PX (of Prague Stock Exchange) was up 1.48 per cent – increasing from 849.79 index points Friday, August 5th to 862.37 index points Monday, August 8th. From year-end it dropped by 9.83 per cent.

WIG20 (of Warsaw) was up 0.64 per cent – increasing from 1825.45 index points Friday, August 5th to 1837.05 index points Monday, August 8th. From year-end it dropped by 1.19 per cent.

OMXT (of Tallinn) dropped by 0.65 per cent – falling from 1016.42 index points Friday, August 5th to 1009.83 index points Monday, August 8th. From year-end it’s up 12.33 per cent.

OMXR (of Riga) was up 0.93 per cent d/d and up 7.06 per cent from year-end. It increased from 630.48 index points Friday, August 5th to 636.34 index points Monday, August 8th.

OMXV (of Vilnius) dropped by 0.28 per cent d/d, falling from 537.71 index points Friday, August 5th to 536.23 index points Monday, August 8th. From year-end it’s up 10.34 per cent.

SAX (of Bratislava) was up 0.17 per cent d/d and up 8.09 per cent from year-end. It increased from 315.47 index points Friday, August 5th to 316.00 index points Monday, August 8th.

SOFIX (of Sofia) dropped by 0.53 per cent d/d and by 0.99 per cent from year-end. It decreased from 458.76 index points Friday, August 5th to 456.32 index points Monday, August 8th.

UX (of Kyiv) increased from 700.61 index points Friday, August 5th to 700.98 index points Monday, August 8th. So it’s up 0.05 per cent d/d and up 2.20 per cent from year-end.

CROBEX (of Zagreb) was up 0.60 per cent – increasing from 1770.25 index points Thursday, August 4th to 1780.90 index points Monday, August 8th. From year-end it’s up 5.40 per cent.

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