Record FDI in Hungary in 2018

Siemens turbine blade factory, Budapest, Hungary (Siemens Hungary, Public domain)

EUR517m from EU for an infrastructure project in Bucharest

Vast majority of Czechs optimistic about economy

Hungary

HIPA, the Hungarian Investment Promotion Agency, published its results in 2018. “As far as the highlight figures are concerned, we have been able to close 98 investment negotiations successfully; those projects represent EUR4.3bn of capital expenditure and they will create more than 17,000 new jobs in the near future,” HIPA president, Róbert Ésik told business daily Világgazdaság.

This represents a 23 per cent increase as far as the FDI volume is concerned, and for the third consecutive year represents job creation in excess of 17,000 positions. Germany is the major investor in Hungary — 28 projects were German FDI worth EUR2bn.

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Romania

European Commissioner for Regional Policy Corina Cretu has agreed to provide funding of over EUR517m for a major infrastructure project in Bucharest. The project consists of building a 6 kilometers of metro line, as a part of over 14 kilometers of the final subway line M6, linking the Northern Station to the Henri Coanda/Otopeni airport in Bucharest.

The project will include six stations, as well as the purchase of 12 subway trains. The construction works for M6 subway line are scheduled to start in the second part of this year.

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Czech Republic

80 per cent of Czechs feel the economy is good, and are optimistic about the coming year. The rating of the economy is historically high, according to a survey conducted by the CVVM polling agency.

The Czech economy has been outperforming its Central European neighbors and its GDP per capita is on the track to reach 85 per cent of the Eurozone average. The average Czech is enjoying greater purchasing power and is confident that can always find a job, Radio Praha informed. According to the Czech Labor Office, unemployment rate in the Czech Republic is 3.3 per cent and in 2019 will remain the lowest among the EU countries.

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What’s up in indexes

BET (of Bucharest) decreased from 7641.36 index points Wednesday, February 13th to 7653.49 index points Thursday, February 14th. It’s down 0.33 per cent d/d and down 6.29 per cent y/y.

BUX (of Budapest) decreased from 40209.00 index points Wednesday, February 13th to 39899.00 index points Thursday, February 14th. It’s down 0.80 per cent d/d and up 3.76 per cent y/y.

CROBEX (of Zagreb) decreased from 1,755.28 index points Wednesday, February 13th to 1,751.40 index points Thursday, February 14th. It’s down 0.22 per cent d/d and down 3.08 per cent y/y.

OMXR (of Riga) decreased from 984.97 index points Wednesday, February 13th to 980.92 index points Thursday, February 14th. It’s down 0.41 per cent d/d and down 4.12 per cent y/y.

OMXT (of Tallinn) decreased from 1216.79 index points Wednesday, February 13th to 1216.65 index points Thursday, February 14th. It’s down 0.01 per cent d/d and down 4.18 per cent y/y.

OMXV (of Vilnius) increased from 639.67 index points Wednesday, February 13th to 639.86 index points Thursday, February 14th. It’s up 0.03 per cent d/d and down 4.83 per cent y/y.

PX (of Prague) decreased from 1058.06 index points Wednesday, February 13th to 1048.95 index points Thursday, February 14th. It’s down 0.86 per cent d/d and down 5.47 per cent y/y.

SAX (of Bratislava) closed at 335.70 index points Thursday, February 14th. It’s the same result as Wednesday’s. It’s 0 per cent change d/d and up 1.80 per cent y/y.

SOFIX (of Sofia) increased from 573.90 index points Wednesday, February 13th to 580.90 index points Thursday, February 14th. It’s up 1.21 per cent d/d and down 16.69 per cent y/y.

UX (of Kyiv) decreased from 1698.81 index points Wednesday, February 13th to 1687.43 index points Thursday, February 14th. It’s down 0.67 per cent d/d and up 15.6 per cent y/y.

WIG20 (of Warsaw) decreased from 2346.39 index points Wednesday, February 13th to 2319.92 index points Thursday, February 14th. It’s down 1.13 per cent d/d and down 5.30 per cent y/y.

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