Romania will start investigation on the quality of Western food

Brasov, Romania (georgemoga, CC BY-NC)

“Warsaw declaration” to be signed at the Congress of Innovators

In Hungary GIRO will be responsible for instant money transfers

Romania

Romania launched an investigation into the quality of food sold in Eastern Europe compared to food sold in Western countries, after similar actions has been taken in Czech Republic, Hungary, and Poland, reports Romania Insider.

The three countries have already signaled possible double standards practiced by the major food producers who may be selling lower quality food in the Eastern Europe compared to the Western Europe. The Visegrad Group (the Czech Republic, Hungary, Poland and Slovakia) appealed to other countries in the CSE to join the initiative against double standards, so Romania’s Agriculture Ministry has announced that it would monitor the phenomenon.

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Poland

The International Congress of Innovators started in Warsaw. According to event’s organizers it is “an opportunity to present the practical side of innovation and a place to discuss cooperation in this part of Europe.” The representatives of innovative fast growing companies from Poland, Hungary, Slovakia and the Czech Republic share their experiences and insights.

As the Polish Radio reports leaders of Visegrad Group will sign a “Warsaw declaration” on innovation in the region. The Polish Development Fund (PFR) claims that the Central Europe could become an European center of innovation in 15 years.”

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Hungary

Clearing house GIRO Zrt., owned by the Hungarian central bank MNB, will establish the central infrastructure to enable instant money transfer system in Hungary. It will be completed by the second half of 2019.

This infrastructure will allow settling financial transactions within seconds. Currently interbank transfers are operated either through GIRO’s interbank settlement system (intraday settlements in 10 cycles daily) or through the MNB’s real-time settlement system VIBER.

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What’s up in indexes

BET (of Bucharest) decreased from 7,981.01 index points Friday, March 24th to 7961.02 index points Monday, March 27th. It was down 0.25 per cent d/d and up 17.95 per cent y/y.

BUX (of Budapest) decreased from 32,097.09 index points Friday, March 24th to 31,876.22 index points Monday, March 27th. It was down 0.69 per cent d/d and up 23.85 per cent y/y.

CROBEX (of Zagreb) decreased from 2,112.83 index points Friday, March 24th to 2,096.80 index points Monday, March 27th. It was down 0.76 per cent d/d and up 29.43 per cent y/y.

OMXR (of Riga) decreased from 771.49 index points Friday, March 24th to 770.47 index points Monday, March 27th. It was down 0.13 per cent d/d and up 27.75 per cent y/y.

OMXT (of Tallinn) decreased from 1,127.74 index points Friday, March 24th to 1,126.13 index points Monday, March 27th. It was down 0.14 per cent d/d and up 16.24 per cent y/y.

OMXV (of Vilnius) decreased from 563.71 index points Friday, March 24th to 562.04 index points Monday, March 27th. It was down 0.30 per cent d/d and up 11.16 per cent y/y.

PX (of Prague) decreased from 982.53 index points Friday, March 24th to 979.45 index points Monday, March 27th. It was down 0.31 per cent d/d and up 9.66 per cent y/y.

SAX (of Bratislava) closed at 307.10 index points Monday, March 27th. It’s the same result as Friday’s. It was down 6.38 per cent y/y.

SOFIX (of Sofia) decreased from 639.63 index points Friday, March 24th to 638.34 index points Monday, March 27th. It was down 0.20 per cent d/d and up 43.38 per cent y/y.

UX (of Kyiv) increased from 968.22 index points Friday, March 24th to 973.53 index points Monday, March 27th. It was up 0.55 per cent d/d and up 75.31 per cent y/y.

WIG20 (of Warsaw) decreased from 2,234.82 index points Friday, March 24th to 2,201.88 index points Monday, March 27th. It was down 1.47 per cent d/d and up 12.70 per cent y/y.

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