Russian Energy Minister: South Stream and Turkish Stream are no rivals

Alexander Novak (CC BY 4.0 kremlin.ru)

Drone-detection system developed by Polish company

Foreign investments up in 2016 in Slovak Republic

In Ukraine agricultural companies anticipate production growth in Q3

Russia

Another sign of better Russian-Turkish relations. After the meeting of Vladimir Putin and Tayyip Erdogan, now Alexander Novak, the Minister of Energy of Russia, declares that both countries have very much in common. Referring to gas pipeline projects, such as South Stream and Turkish Stream, he said in an interview with Russia 24TV that “they are not in opposition to each other”.  He also declared Russia is “ready to carry out projects that are confirmed by all sides”

In December 2014 Russia had announced a launch of the Turkish Stream project, after Bulgaria withdrew from the South Stream project (in August 2014). Later, in 2015, Russia suspended the project in the aftermath of the Turkish shoot down of a Russian SU-24 aircraft.

Last week Vladimir Putin declared that the two countries will now go on with the construction of Turkish Stream.

At the same time Russia still have in mind South Stream – however, it could only be carried through if there were iron-clad guarantees it would be realized without any obstacles from Bulgaria or the EU.

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Poland

The Polish Radio reports that Polish company APS has created an innovative drone-detection system. Its aim is to ensure security of public and private infrastructure, including airports and stadiums, and protect against potential terrorism, spying and other threats.

The portal quotes Radosław Piesiewicz, the CEO of APS: “[the system] is dedicated to the protection of sites including airports, refineries, government buildings, stadiums and also private facilities (…) All of the technology we worked out from start to finish ourselves and it was based on Polish technological concepts”.

According to the Polish Radio “the innovative radar-equipped system can detect small drones both at night and during the day up to one kilometer away. Larger drones can be spotted at further distances. Drones can be stopped in their tracks by jamming their signals, causing them to freeze in mid-air or land”.

The development is be commercialized in 2016.

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Slovak Republic

“The state Slovak Agency for Development of Investments and Trade (SARIO), together with Economy Ministry, reported a very successful first half of this year. They agree that the volume of new investment projects in Slovakia grew almost in 190 per cent y/y. In the first six months of 2016, companies announced investments worth half a billion euros,” Slovak Spectator reports.

There are different explanations of the situation. Economy Ministry claims this is due to the common effort of the government and SARIO agency. “This is the result of good work of the ministry and the SARIO agency, and also a challenge to bring crucial investments also to regions with higher unemployment,” Slovak Spectator quotes Economy Minister Peter Žiga.

At the same time Rastislav Machunka of the Association of Employers’ Unions and Associations claims it’s because of the global economic recovery, the growth of companies and an economic boom in the whole Europe.

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Ukraine

According to the data from the State Statistics Service, 70 per cent of agricultural companies out of 847 polled expect that their production will grow in Q3’16. Only 23 per cent of respondents do not project any changes in production and 6 per cent expect a fall in their production.

Most of the companies expect the prices of their products will not change in Q3’16 (47 per cent of respondents). Some 28 per cent of respondents anticipate that prices of products will grow and 25 per cent believe that the prices would fall.

Regarding the headcount: some 24 per cent of respondents expect the number of employees will increase, 4 per cent – that is will decrease, and 72 per cent claim they want to maintain the current headcount.

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What’s up in indexes

BUX (of Budapest) dropped by 0.33 per cent – falling from 27593.10 index points Tuesday, August 9th to 27502.22 index points Wednesday, August 10th. So it’s up 14.97 per cent.

BET (of Bucharest Stock Exchange) increased from 6880.09 index points Tuesday, August 9th to 6837.00 index points Wednesday, August 10th. So it’s up 0.07 per cent d/d. From year-end it dropped by 2.39 per cent.

PX (of Prague Stock Exchange) was up 0.28 per cent d/d – increasing from 856.79 index points Tuesday, August 9th to 859.18 index points Wednesday, August 10th. So it dropped by 10.16 per cent from year-end.

WIG20 (of Warsaw) was up 0.29 per cent – increasing from 1847.15 index points Tuesday, August 9th to 1852.54 index points Wednesday, August 10th. From year-end it dropped by 0.36 per cent

OMXT (of Tallinn) increased from 1012.21 index points Tuesday, August 9th to 1013.10 index points Wednesday, August 10th. So it’s up 0.09 per cent d/d and up 12.69 per cent from year-end.

OMXR (of Riga) was up 0.46 per cent d/d and up 7.32 per cent from year-end. It increased from 634.94 index points Tuesday, August 9th to 637.84 index points Wednesday, August 10th.

OMXV (of Vilnius) increased from 538.04 index points Tuesday, August 9th to 538.72 index points Wednesday, August 10th. So it’s up 0.13 per cent d/d. From year-end it’s up 10.85 per cent.

SAX (of Bratislava) closed at 317.27 index points Wednesday, August 10th. So it’s the same result as on Tuesday, August 9th. From year-end it’s up 8.52 per cent.

SOFIX (of Sofia) increased from 456.93 index points Tuesday, August 9th to 458.58 index points Wednesday, August 10th. So it’s up 0.36 per cent d/d. From year-end it dropped by 0.50 per cent.

UX (of Kyiv) increased from 705.72 index points Tuesday, August 9th to 697.05 index points Wednesday, August 10th. So it dropped by 1.23 per cent d/d and up 1.63 per cent from year-end.

CROBEX (of Zagreb) dropped by 0.01 per cent d/d – falling from 1785.01 index points Tuesday, August 9th to 1784.82 index points Wednesday, August 10th. From year-end it’s up 5.63 per cent.

 

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