Saudi Arabia opens its market to Polish beef

(Romi, CC)

FDI in Bulgaria dropped by 18.7 per cent y/y in H1’16

Romanian real estate investments three times higher than in 2015

Ukrainian president: investors voted for Ukraine's independence by investing their money

Poland

Poland will export beef to Saudi Arabia – the Polish Radio reports, after Polish business daily Puls Biznesu. The two countries has just signed a new agreement on the terms of export. “It provides Poland with an opportunity to make inroads into the whole Arabia Peninsula market,” Puls Biznesu writes.

Saudi Arabia is a potentially lucrative market for Polish meat exporters, the daily noted, adding that the oil-rich country is agriculturally weak, hence is forced to import food.

In July 2016, Saudi Arabia’s King Salman issued a decree lifting a ban on importing Polish, US, and Spanish meat.

Commercial trade in meat products plays a vital role in the sustainability of the whole meat sector in Poland. The share of meat products exports in the agriculture exports in 2013 amounted 19 per cent.

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Romania

The volume of real estate investments in Romania reached EUR359m in the H1’16, Romania Insider reports. The portal points out that it’s three times higher compared to the same period of 2015. Real estate deals in H1’15 amounted to EUR107m.

A report of the consulting company CBRE Romania shows it’s one of the highest levels of investment in real estate in the last six years. Retail and office properties accounted for 88 per cent of the total investments between January and June 2016. Most of the investors are foreign companies. The domestic capital represented only 1 per cent of the big real estate investments.

“The five biggest deals accounted for 80 per cent of the total investment volume. The biggest transaction in the first six months was the takeover of Shopping City Sibiu by NEPI for EUR100m,” Romania Insider writes.

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Bulgaria

In the first half of 2016 FDI in Bulgaria dropped by 18.7 per cent y/y. The central bank of Bulgaria (BNB) informed it decreased to EUR778.4m. BNB also informed the FDI in January-June 2016 was equivalent to 1.7 per cent of GDP forecast for the year by the BNB.

In details:

  • equity investment by non-residents increased by EUR105.1m – reaching 3m in the period mentioned above;
  • real estate investment of non-residents decreased to EUR26.1m (from EUR36.5m in the period January-June 2015). The largest inflow of real estate investment came from Norway – EUR4.7m, Russia – EUR3.9m and the UK – EUR3.9m.

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Ukraine

“Everyone was convincing us that until the war continues no investor would come to Ukraine. We are convincing with our patient labor, creation of investment climate, providing for radical changes and reforms in the country and decisive actions, including by the head of the regional administration that now one should invest in Ukraine,” Ukraine’s Interfax quotes President Petro Poroshenko.

Poroshenko said so at the ceremony marking the start of construction work of a cable plant by the French company Nexans.

He added that German and French owners vote for Ukraine’s independence investing their money in the country: “The fact that today investors using their money, their euros and hryvnias vote for our future means that everything would be good with us. We would win at the front and protect the country.”

The plant being built in Brody, in the Lviv region is the third plant of Nexans Concern in Ukraine. It will start operating in June 2017 and will create some 2,000 jobs. Nexans S.A. manufactures copper and optical fiber cable products for the infrastructure, industry and for construction market.

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What’s up in indexes

BUX (of Budapest) dropped by 0.33 per cent – falling from 27790.97 index points Wednesday, August 17th to 27700.12 index points Thursday, August 18th. From year-end it’s up 15.80 per cent.

BET (of Bucharest Stock Exchange) increased from 6870.65 index points Wednesday, August 17th to 6899.70 index points Thursday, August 18th. So it’s up 0.49 per cent d/d. From year-end it dropped by 1.46 per cent.

PX (of Prague Stock Exchange) increased from 850.80 index points Wednesday, August 17th to 850.98 index points Thursday, August 18th. So it’s up 0.02 per cent d/d. From year-end it dropped by 11.02 per cent.

WIG20 (of Warsaw) dropped by 0.19 per cent – falling from 1824.40 index points Wednesday, August 17th to 1821.01 index points Thursday, August 18th. From year-end it lost 2.05 per cent.

OMXT (of Tallinn) decreased from 1002.53 index points Wednesday, August 17th to 1001.12 index points Thursday, August 18th. So it dropped by 0.14 per cent d/d. From year-end it’s u 11.36 per cent. 

OMXR (of Riga) decreased from 639.79 index points Wednesday, August 17th to 639.56 index points Thursday, August 18th. So it dropped by 0.04 per cent d/d. From year-end it’s up 7.61 per cent.

OMXV (of Vilnius) dropped by 0.05 per cent – falling from 533.97 index points Wednesday, August 17th to 533.70 index points Thursday, August 18th. From year-end it’s up 9.82 per cent.

SAX (of Bratislava) dropped by 0.99 per cent – falling from 314.71 index points Wednesday, August 17th to 311.60 index points Thursday, August 18th. From year-end it’s up 6.58 per cent.

SOFIX (of Sofia) increased from 467.91 index points Wednesday, August 17th to 468.67 index points Thursday, August 18th. So it’s up 0.16 per cent d/d and up 1.69 per cent from year-end.

UX (of Kyiv) was up 0.84 per cent – increasing from 692.55 index points Wednesday, August 17th to 698.40 index points Thursday, August 18th. From year-end it’s up 1.83 per cent.

CROBEX (of Zagreb) dropped by 0.12 per cent – falling from 1789.03 index points Wednesday, August 17th to 1786.90 index points Thursday, August 18th. From year-end it’s up 5.76 per cent.

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