Slovakia: increase of consumer prices

Bratislava, Slovakia (Marco, CC BY)

Romanian nuclear power producer triples net profit

Kosovo with EUR38.5m funding from the EU to upgrade railway

Slovakia

„Prices of food and beverages rose in annual terms by 6.8 per cent in January,” Slovak Spectator informs. As reported, the inflation rate was 2.4 per cent. The growth accelerated 0.5 per cent y/y. The price growth observed in January 2018 was the highest in the last 5 years. The same result was noted in January 2013.

“The January acceleration in inflation was chiefly driven by hikes in regulated prices, especially in the housing sector, highlighted by base effect,” a macroeconomist Lubomir Koršňák explains. Mr. Koršňák also adds that experts expected the inflation to stabilize at a level slightly above 2 per cent in the following months.

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Romania

Nuclearelectrica, Romania’s state-owned company operating nuclear power plant at Cernavoda, improved its financial results. As Romania Insider reports, in 2017 the firm increased its net profit by 172 per cent y/y. It amounted RON303m (EUR66.3m). The operating revenues reached RON1.93bn (EUR423m), and were up 15 per cent y/y. According to the portal, this is due to higher prices of the offered electricity.

Romania Insider reminds that the valuation of the company listed on the Bucharest Stock Exchange (BVB) is EUR533m.

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Kosovo

The European Union wants Kosovo to modernize its railway line, linking the country with Western Europe. Thus, even before Kosovo becomes an official candidate for the EU membership, the EU will provide EUR38.5m of financing.

As the Express.co.uk informs, the 148 km railway linking Kosovo with a major European rail route Austria-Greece is to be completed by 2021. It will also link Kosovo with Macedonia and Serbia. The total cost is estimated at EUR200m.

In 2014 Kosovo’s Foreign Minister Enver Hoxhaj announced that joining the EU is Kosovo’s goal for the decade 2014-2024.  Kosovo initiated the process in 2008 but is on hold becasue Serbia doesn’t accept Kosovo’s independence.

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What’s up in indexes

BET (of Bucharest) increased from 8,140.11 index points Wednesday, February 14th to 8,288.84 index points Thursday, February 15th. It’s up 1.50 per cent d/d and up 7.98 per cent y/y.

BUX (of Budapest) increased from 38,454.00 index points Wednesday, February 14th to 38,523.00 index points Thursday, February 15th. It’s up 0.18 per cent d/d and up 13.36 per cent y/y.

CROBEX (of Zagreb) increased from 1,851.09 index points Wednesday, February 14th to 1,853.53 index points Thursday, February 15th. It’s up 0.13 per cent d/d and down 12.31 per cent y/y.

OMXR (of Riga) increased from 1,023.10 index points Wednesday, February 14th to 1,024.36 index points Thursday, February 15th. It’s up 0.12 per cent d/d and up 37.49 per cent y/y.

OMXT (of Tallinn) increased from 1,269.66 index points Wednesday, February 14th to 1,274.78 index points Thursday, February 15th. It’s up 0.40 per cent d/d and up 14.19 per cent y/y.

OMXV (of Vilnius) increased from 672.37 index points Wednesday, February 14th to 674.29 index points Thursday, February 15th. It’s up 0.29 per cent d/d and up 20.23 per cent y/y.

PX (of Prague) increased from 1,109.63 index points Wednesday, February 14th to 1,111.87 index points Thursday, February 15th. It’s up 0.20 per cent d/d and up 14.29 per cent y/y.

SAX (of Bratislava) closed at 329.77 index points Thursday, February 15th. It’s the same result as Wednesday’s. It’s 0 per cent change d/d and up 7.25 per cent y/y.

SOFIX (of Sofia) decreased from 697.24 index points Wednesday, February 14th to 693.64 index points Thursday, February 15th. It’s down 0.52 per cent d/d and up 16.86 per cent y/y.

UX (of Kyiv) increased from 1,459.09 index points Wednesday, February 14th to 1,460.74 index points Thursday, February 15th. It’s up 0.49 per cent d/d and up 55.13 per cent y/y.

WIG20 (of Warsaw) decreased from 2,449.79 index points Wednesday, February 14th to 2,423.57 index points Thursday, February 15th. It’s down 1.07 per cent d/d and up 10.95 per cent y/y.

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