Romanian telecom Digi launches mobile services in Hungary

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Lithuania ranked as the CSE's most competitive economy

Russian, Polish and Romanian companies interested in bidding for Serbian petrochemical giant

Hungary

Digi Kft., the Hungarian subsidiary of Romanian telecommunication group Digi Communications, has launched mobile communications services, following an investment, planning, and implementation process over the past four years, the company announced. Digi Mobil uses 4G, but at the same time also used 2G for compatibility with existing phones for voice services. It also plans to introduce 5G in the future.

Digi Kft is the leading provider of cable TV services in Hungary and also owns one of the country’s most modern fiber-optic networks.

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Lithuania

Lithuania has ranked as the CSE’s most competitive economy, according to the IMD 2019 World Competitiveness Ranking, compiled by Switzerland-based International Institute for Management Development (IMD). The ranking, which started in 1989, assess 63 economies based on 235 indicators. They include hard data, such as: unemployment, economic growth, government spending on health and education, as well as social cohesion, globalization, and corruption.

The Baltic country was the 29th in the ranking, climbing 3 positions compared to 2018. Czech Republic is the 33th, having slid by four places. Poland ranks the 38th, Russia the 45th and Hungary the 47th. Bulgaria and Romania ranked the 48th and 49th respectively, the same positions as in 2018. Croatia remained the least competitive economy among CSE countries, despite climbing one position to the 60th place.

Singapore overtook the United States as the most competitive economy in the world, while Venezuela ranked last, in 63rd place.

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Serbia

Serbia plans to open a tender for the sale of state-run petrochemicals producer, HIP Petrohemija, by the end of the year, a Serbian government official has said.

Investors from Russia, Poland and Romania have expressed interest in the privatization of the company, as the public broadcaster RTS reported. “I expect that all the negotiations and analyses that potential investors can and should do, will result in something tangible this year and that we will be able to launch a public call by the end of this year on the basis of that. The investments stand at about EUR18 million, with EUR2m spent on the overhaul alone,” the State Secretary in the Ministry of Economy, Dragan Stevanović said.

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What’s up in indexes

BET (of Bucharest) increased from 8391.69 index points Tuesday, May 28th to 8505.79 index points Wednesday, May 29th. It’s up 0.17 per cent d/d and up 3.70 per cent y/y.

BUX (of Budapest) increased from 40467.00 index points Tuesday, May 28th to 40916.00 index points Wednesday, May 29th. It’s up 1.11 per cent d/d and up 17.3 per cent y/y.

OMXR (of Riga) increased from 1037.03 index points Tuesday, May 28th to 1043.84 index points Wednesday, May 29th. It’s up 0.66 per cent d/d and down 0.23 per cent y/y.

OMXT (of Tallinn) decreased from 1251.37 index points Tuesday, May 28th to 1243.10 index points Wednesday, May 29th. It’s down 0.66 per cent d/d and down 0.17 per cent y/y.

OMXV (of Vilnius) decreased from 678.93 index points Tuesday, May 28th to 679.44 index points Wednesday, May 29th. It’s down 0.07 per cent d/d and down 4.83 per cent y/y.

PX (of Prague) increased from 1038.16 index points Tuesday, May 28th to 1040.51 index points Wednesday, May 29th. It’s up 0.23 per cent d/d and down 3.06 per cent y/y.

RTS (of Moscow) increased from 1271.15 index points Tuesday, May 28th to 1275.92 index points Wednesday, May 29th. It’s up 0.38 per cent d/d and up 10.5 per cent y/y.

SAX (of Bratislava) decreased from 346.97 index points Tuesday, May 28th to 345.72 index points Wednesday, May 29th. It’s down 0.07 per cent d/d and up 4.98 per cent y/y.

SOFIX (of Sofia) increased from 571.00 index points Tuesday, May 28th to 572.50 index points Wednesday, May 29th. It’ up 0.12 per cent d/d and down 10.14 per cent y/y.

UX (of Kyiv) closed at 1745.90 index points Wednesday, May 29th. It’s the same result as Tuesday’s. It’s 0 per cent change d/d and up 3.08 per cent y/y.

WIG20 (of Warsaw) decreased from 2192.87 index points Tuesday, May 28th to 2187.45 index points Wednesday, May 29th. It’s down 0.25 per cent d/d and down 0.21 per cent y/y.

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