Romanian OMV Petrom discovered new natural gas resources

Bucharest, Romania (CristianChirita, CC BY-SA)

Prague and Wrocław among the fastest growing cities

German Continental to open EUR95m plant in Lithuania

Romania

Romanian oil&gas group OMV Petrom said that it discovered new hydrocarbon resources in Gorj county, in Oltenia region. Investments in a new well and facilities will amount to EUR50m, OMV Petrom said in a press release. This amount will top the EUR200m the company has already spent since 2011 for the development of the gas infrastructure in the Totea area.

With the newly added well, the natural gas production from the Totea field could provide heating for over 500,000 households, the company informed.

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Poland and Czech Republic

The cities of the CSE region dominate a list of the fastest growing metropolitan areas in the European Union, according to a report “Thriving Metropolitan Cities” published by Skanska, Colliers International and Dentons.

Of the 20 best performing cities, 16 are in the CSE. Prague ranks the second overall, due to its rapid growth in educated population in recent years, while Wrocław takes the third place, thanks to its spectacular growth in productivity.

According to the report one of the most important trends in the CSE is the development of the office market that now totals 21.8 million square meters in the region.

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Lithuania

German car parts giant, Continental is launching a new EUR95m plant in Lithuania’s second-largest city of Kaunas’s, BNS news agency informed.

The facility will produce electronic components in the next five years and create around 1,000 new jobs. It’s the largest greenfield investment in Lithuania in recent years.

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What’s up in indexes

BET (of Bucharest) decreased from 9526.88 index points Monday, October 7th to 9488.69 index points Tuesday, October 8th. It’s down 0.51 per cent d/d and up 11.4 per cent y/y.

BUX (of Budapest) decreased from 39804.00 index points Monday, October 7th to 39492.00 index points Tuesday, October 8th. It’s down 0.78 per cent d/d and up 7.41 per cent y/y.

OMXR (of Riga) decreased from 1028.94 index points Monday, October 7th to 1027.30 index points Tuesday, October 8th. It’s down 0.16 per cent d/d and up 4.71 per cent y/y.

OMXT (of Tallinn) increased from 1233.88 index points Monday, October 7th to 1240.30 index points Tuesday, October 8th. It’s up 0.53 per cent d/d and up 2.22 per cent y/y.

OMXV (of Vilnius) decreased from 690.52 index points Monday, October 7th to 689.20 index points Tuesday, October 8th. It’s down 0.19 per cent d/d and up 2.21 per cent y/y.

PX (of Prague) decreased from 1000.53 index points Monday, October 7th to 994.07 index points Tuesday, October 8th. It’s down 0.65 per cent d/d and down 9.25 per cent y/y.

RTS (of Moscow) decreased from 1320.25 index points Monday, October 7th to 1306.39 index points Tuesday, October 8th. It’s down 1.05 per cent d/d and up 12.8 per cent y/y.

SAX (of Bratislava) increased from 346.53 index points Monday, October 7th to 347.18 index points Tuesday, October 8th. It’s up 0.19 per cent d/d and up 5.37 per cent y/y.

SOFIX (of Sofia) decreased from 563.10 index points Monday, October 7th to 561.00 index points Tuesday, October 8th. It’s down 0.38 per cent d/d and down 9.30 per cent y/y.

UX (of Kyiv) decreased from 1535.41 index points Monday, October 7th to 1533.84 index points Tuesday, October 8th. It’s down 0.10 per cent d/d and down 8.60 per cent y/y.

WIG20 (of Warsaw) increased from 2121.87 index points Monday, October 7th to 2131.83 index points Tuesday, October 8th. It’s up 0.47 per cent d/d and down 4.15 per cent y/y.

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