Small city e-car to be designed and produced in Bulgaria

Sofia, Bulgaria (Deensel, CC BY)

In 2018, the average monthly gross wages in Estonia were EUR1,310

Foreign companies account for over half of Serbia’s exports

Bulgaria

Bulgarian car manufacturer, SIN Cars plans to build a small electric car factory in Ruse, in the northeastern part of the country. The first stage will be the production of cars with a maximum of two seats, which will allow easy homologation and registration for traffic in Europe. The cars will be named Sin L-City and will cost around EUR10,000, company informed.

SIN Cars was founded by Bulgarian engineer and racing driver Rosen Daskalov in the UK in 2012. In 2015, the company started production of road electric vehicle Sin R1 and moved its headquarters to Munich, Germany, and Ruse, Bulgaria.

Read more

Estonia

In 2018, the average monthly gross wage was EUR1,310 and increased by 7.3 per cent y/y, according to Statistics Estonia (ES).

The average monthly gross wage continued to be the highest in the ICT sector (EUR2,172) and in the financial services EUR2,154). The lowest were in hospitality and other services, ES wrote. Data also indicates that salaries increased across all sectors.

Read more

Serbia

3 per cent of Serbian businesses are owned by foreign companies and generate 20 per cent of added value. This accounts for over 50 per cent of the country’s exports and nearly half of the total retail revenues, according to figures released by the Serbian Chamber of Commerce and Industry (PKS).

Most of the foreign companies operate in the banking, automotive and auto parts sectors and their presence in the mining sector is increasing, Bojan Stanic, head of the PKS Analytics and Services Department, told Tanjug News Agency.

Read more

What’s up in indexes

BET (of Bucharest) decreased from 7647.48 index points Thursday, February 28th to 7663.49 index points Friday, March 1st. It’s down 0.15 per cent d/d and down 8.89 per cent y/y.

BUX (of Budapest) decreased from 40333.00 index points Thursday, February 28th to 40170.66 index points Friday, March 1st. It’s down 0.40 per cent d/d and up 6.36 per cent y/y.

CROBEX (of Zagreb) decreased from 1,798.98 index points Thursday, February 28th to 1,792.79 index points Friday, March 1st. It’s down 0.34 per cent d/d and down 0.73 per cent y/y.

OMXR (of Riga) decreased from 992.59 index points Thursday, February 28th to 975.36 index points Friday, March 1st. It’s down 1.74 per cent d/d and down 4.40 per cent y/y.

OMXT (of Tallinn) increased from 1220.77 index points Thursday, February 28th to 1237.62 index points Friday, March 1st. It’s up 1.38 per cent d/d and down 5.73 per cent y/y.

OMXV (of Vilnius) increased from 648.34 index points Thursday, February 28th to 652.06 index points Friday, March 1st. It’s up 0.07 per cent d/d and down 4.08 per cent y/y.

PX (of Prague) increased from 1071.68 index points Thursday, February 28th to 1075.74 index points Friday, March 1st. It’s up 0.38 per cent d/d and down 3.76 per cent y/y.

SAX (of Bratislava) ) closed at 339.19 index points Friday, March 1st. It’s the same result as Thursday’s. It’s 0 per cent change d/d and up 1.22 per cent y/y

SOFIX (of Sofia) decreased from 585.30 index points Thursday, February 27th to 585.06 index points Friday, March 1st. It’s down 0.05 per cent d/d and down 14.56 per cent y/y.

UX (of Kyiv) increased from 1698.54 index points Thursday, February 28th to 1704.66 index points Friday, March 1st. It’s up 0.36 per cent d/d and up 5.94 per cent y/y.

WIG20 (of Warsaw) increased from 2332.23 index points Thursday, February 28th to 2333.11 index points Friday, March 1st. It’s up 0.04 per cent d/d and down 0.08 per cent y/y.

 

Share this post

TOP