Romania wants to boost budget revenues

Bucharest, Romania (Alf Igel, CC BY-NC)

New financing operations between EIB and Ukraine

Sofia with EUR42.5m deal for public transport e-ticket system

Romania

A levy on the foreign-dominated banking industry, a tax on energy companies and increases in tobacco excise and telecommunication fees — those are the measurements thanks to which Romania’s government plans to boost budget revenue and narrow a budget shortfall. According to Bloomberg, these taxes will increase budget revenues by USD2.4bn.

Romania’s Finance Minister Eugen Teodorovici, who added that the measurements had not been included in 2019 budget yet, and that this will be done in the coming weeks.

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Ukraine

The Interfax reports that the European Investment Bank (EIB) and Ukraine’s government has just agreed “on a series of new financing operations”. Upon the agreement the country will get EUR50m for improving its transport infrastructure and EUR10m to implement the Higher Education Project.

The first loan will help improve connectivity in Ukraine and in the Eastern Neighbourhood. It “provides support for transport projects expected to have significant positive local impacts. Road safety, connectivity, and traffic management and control projects are under consideration, with a view to contributing to the economic development of Ukraine”.

The grant for the Higher Education Project will finance 7 universities located in Ukrainian cities and help them reducing the energy consumption. 

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Bulgaria

Bulgaria’s capital will have an e-ticket system. Novinite.com reports that the city’s Urban Mobility Centre signed a contract for the supply, integration and the maintenance of an automated electronic system for fare collection in the public transport. The other side of the agreement is a company Computernet Services. The contract amounts to EUR42.5m.

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What’s up in indexes

BET (of Bucharest) decreased from 8,524.69 index points Monday, December 17th to 8,417.45 index points Tuesday, December 18th. It’s down 1.26 per cent d/d and up 9.81 per cent y/y.

BUX (of Budapest) decreased from 39,675.76 index points Monday, December 17th to 39,475.61 index points Tuesday, December 18th. It’s down 0.50 per cent d/d and up 1.89 per cent y/y.

CROBEX (of Zagreb) increased from 1,744.58 index points Monday, December 17th to 1,747.42 index points Tuesday, December 18th. It’s up 0.16 per cent d/d and down 2.98 per cent y/y.

OMXR (of Riga) decreased from 950.90 index points Monday, December 17th to 945.18 index points Tuesday, December 18th. It’s down 0.60 per cent d/d and down 7.03 per cent y/y.

OMXT (of Tallinn) decreased from 1,188.13 index points Monday, December 17th to 1,172.57 index points Tuesday, December 18th. It’s down 1.31 per cent d/d and down 1.71 per cent y/y.

OMXV (of Vilnius) decreased from 625.51 index points Monday, December 17th to 622.88 index points Tuesday, December 18th. It’s down 0.42 per cent d/d and down 4.08 per cent y/y.

PX (of Prague) decreased from 1,027.87 index points Monday, December 17th to 1,026.64 index points Tuesday, December 18th. It’s down 0.12 per cent d/d down 3.97 per cent y/y.

SAX (of Bratislava) decreased from 334.99 index points Monday, December 17th to 333.79 index points Tuesday, December 18th. It’s down 0.36 per cent d/d and up 2.15 per cent y/y.

SOFIX (of Sofia) increased from 591.24 index points Monday, December 17th to 592.12 index points Tuesday, December 18th. It’s up 0.15 per cent d/d and down 10.58 per cent y/y.

UX (of Kyiv) decreased from 1,705.22 index points Monday, December 17th to 1,705.04 index points Tuesday, December 18th. It’s down 0.01 per cent d/d and up 30.29 per cent y/y.

WIG20 (of Warsaw) increased from 2,281.87 index points Monday, December 17th to 2,315.18 index points Tuesday, December 18th. It’s up 1.46 per cent d/d and down 6.12 per cent y/y.

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