Serbia will strengthen partnership with China

Belgrade, Serbia (Serzhile, CC BY-ND)

Croatians use unlicensed software

Possible money laundering in Estonia

Serbia

During the summit of China and 16 Central and Southeast European (CSE) in Bulgaria Serbian Prime Minister Ana Brnabić said that Serbia was committed to its strategic partnership with China. Speaking at the conference, Ms. Brnabić said that: “The modernization of the railway connecting Belgrade and Budapest, carried out together by Serbia, Hungary and China as part of the first cross-border project within the cooperation mechanism, is key to infrastructure connections.”

She added that it was vital for Serbia to sign a commercial contract for the modernization and reconstruction of the Hungarian-Serbian railway between Novi Sad, Subotica and the Kelebija border crossing, worth EUR943m.

Apart from a commercial contract for the Belgrade-Budapest railway, Serbia has signed a memorandum of understanding on a joint plan for Chinese-Serbian cooperation within the One Belt One Road Initiative, a memorandum of cooperation on joint support for the construction of a fruit and vegetables industrial park, and a memorandum of understanding on cooperation in reconstruction projects along Corridor X and a railway connecting Belgrade, Nis, Presevo and the Republic of Macedonia.

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Croatia

The Total Croatia News informs that according to the Business Software Alliance (BSA) half of the total number of softwares installed on personal computers in Croatia is unlicensed.

The BSA points out that using an unlicensed software is “increasingly risky and expensive”, mainly because they are more vulnerable to cyberattacks. “In order to lessen the risk of cyberattacks, companies in Croatia are supposed to update software on their systems and remove unlicensed software,” the BSA recommends.

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Estonia

The Baltic Course reports after Bloomberg that through the Estonian branch of Danske Bank as much as EUR7bn could have been laundered. The sum makes up nearly a third of the GDP of Estonia.

As reported, after the latest allegations, Danske’s head of compliance, Anders Meinert Jorgensen commented: “it is too soon to draw any conclusions about the extent of the potential money laundering in Estonia (…) That is the reason why we have not yet published figures or commented on speculations about potential amounts. On several occasions, however, we have said that the extent seems to be somewhat larger than previously estimated”.

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What’s up in indexes

BET (of Bucharest) increased from 7,814.50 index points Thursday, July 5th to 7,835.34 index points Friday, July 6th. It’s up 0.27 per cent d/d and down 3.02 per cent y/y.

BUX (of Budapest) decreased from 36,335.09 index points Thursday, July 5th to 35,775.73 index points Friday, July 6th. It’s down 1.54 per cent d/d and up 0.45 per cent y/y.

CROBEX (of Zagreb) increased from 1,799.80 index points Thursday, July 5th to 1,803.60 index points Friday, July 6th. It’s up 0.21 per cent d/d and down 1.51 per cent y/y.

OMXR (of Riga) decreased from 1,037.79 index points Thursday, July 5th to 1,036.89 index points Friday, July 6th. It’s down 0.09 per cent d/d and up 7.39 per cent y/y.

OMXT (of Tallinn) decreased from 1,259.09 index points Thursday, July 5th to 1,254.75 index points Friday, July 6th. It’s down 0.34 per cent d/d and up 8.35 per cent y/y.

Friday, July 6th was a non-trading day at Nasdaq Vilnius. OMXV (of Vilnius) closed at 707.78 index points Thursday, July 5th. It’s up 17.49 per cent y/y.

Friday, July 6th was a non-trading day at Prague Stock Exchange. PX (of Prague) closed at 1,077.56 index points Wednesday, July 4th. It’s up 9.20 per cent y/y.

SAX (of Bratislava) closed at 330.34 index points Friday, July 6th. It’s the same result as Wednesday’s. It’s up 0.53 per cent y/y.

SOFIX (of Sofia) increased from 629.51 index points Thursday, July 5th to 633.69 index points Friday, July 6th. It’s up 0.66 per cent d/d and down 10.89 per cent y/y.

UX (of Kyiv) decreased from 1,558.87 index points Thursday, July 5th to 1,552.79 index points Friday, July 6th. It’s down 0.39 per cent d/d and up 49.28 per cent y/y.

WIG20 (of Warsaw) decreased from 2,156.59 index points Thursday, July 5th to 2,152.06 index points Friday, July 6th. It’s down 0.21 per cent d/d and down 6.46 per cent y/y.

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