Slovakia is the fastest-growing developed economy

Bratislava, Slovakia (Patrick Müller, CC BY-NC-ND 2.0)

Ukraine’s President wants to meet with Russian President

Huawei plans to invest EUR700m in Poland

Slovakia

Slovakia is the fastest-growing developed economy in the world, and is taking conscious steps to ensure its citizens benefit from its economic growth, according to the Future Brand Country Index 2019. The index surveyed 75 countries with the highest GDP (as calculated by the World Bank). It examines what transforms a country from a spot on a map to a place where people want to invest in, live in, visit, and buy goods and services from. Slovakia is the 35th strongest brand in the world, the world’s highest increase (of 24 places) compared to 2014.

Also Hungary (up 20 places to the 38th) and Romania (up 20 places to the 42nd) saw a significant rise in the power of their brands between 2014 and 2019. Both countries are described in the index as rising stars able to change people’s impressions of them.

Three other CSE countries were ranked — Czech Republic is the 32nd, Poland is the 44th  and Ukraine is as the 74th.

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Ukraine

Ukraine’s President Volodymyr Zelensky is ready to meet his Russian counterpart Vladimir Putin in Minsk for talks that would also involve Germany, Britain, the United States and France. “Do we need to talk? Yes, we do. Let’s discuss who owns Crimea and who is not present in Donbass,” Mr. Zelensky said in a social media video.

The Ukrainian leader also suggested that the talks should be mediated by the US President Donald Trump, the UK Prime Minister Theresa May, German Chancellor Angela Merkel and French President Emmanuel Macron. “I think Alexander Lukashenko will be glad to receive us in Minsk. We are neither changing anything nor rejecting any diplomatic formats. We are suggesting talks,” the Ukrainian President stated.

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Poland

Huawei plans to invest PLN3bn (EUR700m) in Poland in the next five years, although its role in implementing 5G may affect the scale of investment, the company informed. “Huawei wants to develop and invest in Poland, but these investments have to make sense from a business perspective,” Ryszard Hordynski of Huawei Poland told Reuters.

Polish officials told Reuters in January that the government was prepared to exclude China’s Huawei from 5G networks in the wake of the arrest of a Chinese Huawei employee and a former Polish security official on spying allegations.

Huawei, the world’s largest maker of mobile network infrastructure equipment, faces intense scrutiny in the West over its relationship with China’s government and denies allegations that its 5G equipment could be used for spying.

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What’s up in indexes

BET (of Bucharest) decreased from 8967.08 index points Friday, July 5th to 8911.40 index points Monday, July 8th. It’s down 0.57 per cent d/d and up 13.3 per cent y/y.

BUX (of Budapest) decreased from 41016.65 index points Friday, July 5th to 40777.00 index points Monday, July 8th. It’s down 0.58 per cent d/d and up 14.3 per cent y/y.

OMXR (of Riga) increased from 1016.87 index points Friday, July 5th to 1044.14 index points Monday, July 8th. It’s up 2.68 per cent d/d and down 1.09 per cent y/y.

OMXT (of Tallinn) decreased from 1261.29 index points Friday, July 5th to 1259.92 index points Monday, July 8th. It’s down 0.11 per cent d/d and down 0.04 per cent y/y.

OMXV (of Vilnius) increased from 675.98 index points Friday, July 5th to 681.79 index points Monday, July 8th. It’s up 0.87 per cent d/d and down 3.84 per cent y/y.

PX (of Prague) increased from 1052.10 index points Thursday, July 4th to 1052.12 index points Monday, July 8th. It’s up 0.01 per cent d/d and down 2.67 per cent y/y.

RTS (of Moscow) increased from 1398.75 index points Friday, July 5th to 1399.55 index points Monday, July 8th. It’s up 0.06 per cent d/d and up 17.3 per cent y/y.

SAX (of Bratislava) increased from 347.09 index points Thursday, July 4th to 347.09 index points Monday, July 8th. It’s up 0.11 per cent d/d and up 5.19 per cent y/y.

SOFIX (of Sofia) increased from 580.70 index points Friday, July 5th to 582.90 index points Monday, July 8th. It’s up 0.38 per cent d/d and down 7.23 per cent y/y.

UX (of Kyiv) decreased from 1627.73 index points Friday, July 5th to 1608.80 index points Monday, July 8th. It’s down 1.16 per cent d/d and up 3.32 per cent y/y.

WIG20 (of Warsaw) decreased from 2342.01 index points Friday, July 5th to 2339.07 index points Monday, July 8th. It’s down 0.13 per cent d/d and up 8.71 per cent y/y.

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