The US, Canada and the EU imposed new sanctions on Russia

Kerch Peninsula, Ukraine (NASA Earth Observatory, Public domain)

Startup gets funds from the Slovak government

Increased car sales in Lithuania

Russia

The United States, Canada and European Union imposed new sanctions on Russia for its 2018 attack on three Ukrainian ships on the Kerch Strait linking the Black and Azov seas, as well as its annexation of Crimea and its activities in eastern Ukraine.

As Reuters reports Canada imposed sanctions on 114 people and 15 entities, while the European Union sanctioned eight more Russians over the stand-off. The U.S. Treasury said it targeted four members of Russia’s Federal Security Services for their involvement in the naval clash and six Russian defense firms operating in Crimea.

“Powerful and triune transatlantic strike against Russia’s plans to occupy the Sea of Azov and the Kerch Strait. Washington and Ottava together with Brussels declared the introduction of the Azov package of sanctions,” President of Ukraine Petro Poroshenko posted on Facebook and added “Ukraine-Transatlantic coalition is united and firm as never before in protecting of the fundamental principles of international law, especially of sovereignty and inviolability of the borders of Ukraine.”

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Slovakia

Slovak chip startup Tachyum announced that it has received USD17m from the Slovak government to help build a new R&D center. These funds will help the final development phase of the Prodigy Universal Processor Chip, the smallest and the fastest general-purpose, 64-bit processor.

“The creation of an R&D center in Slovakia will help developing the whole ecosystem around solutions in the field of artificial intelligence and supercomputers,” Radoslav Danilak, co-founder and CEO of Tachyum said. Around 150 highly qualified professional are expected to be hired by Slovakia-based R&D center.

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Lithuania

New passenger car sales in Lithuania increased by 68.8 per cent y/y in the first two months of 2019, up to 6,270 units. This was the fastest growth rate in the European Union, according to the European Automobile Manufacturers Association (ACEA). Despite such growth Lithuania remains one of the smallest markets in Europe — the 23th largest in the EU.

Across the EU, car sales declined by 2.9 per cent to 2.31 million in the two months and edged down by 1 per cent to 1.115 million in February alone, ACEA informed.

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What’s up in indexes

BET (of Bucharest) increased from 7844.31 index points Thursday, March 14th to 7861.83 index points Friday, March 15th. It’s up 0.05 per cent d/d and down 9.51 per cent y/y.

BUX (of Budapest) increased from 41335.00 index points Thursday, March 14th to 41335.02 index points Friday, March 15th. It’s up 1.09 per cent d/d and up 6.28 per cent y/y.

CROBEX (of Zagreb) increased from 1,770.01 index points Thursday, March 14th to 1,771.04 index points Friday, March 15th. It’s up 0.25 per cent d/d and down 1.70 per cent y/y.

OMXR (of Riga) increased from 983.58 index points Thursday, March 14th to 984.67 index points Friday, March 15th. It’s up 0.11 per cent d/d and down 4.91 per cent y/y.

OMXT (of Tallinn) decreased from 1242.30 index points Thursday, March 14th to 1228.13 index points Friday, March 15th. It’s down 1.14 per cent d/d and down 6.19 per cent y/y.

OMXV (of Vilnius) decreased from 655.44 index points Thursday, March 14th to 655.00 index points Friday, March 15th. It’s down 0.15 per cent d/d and down 4.56 per cent y/y.

PX (of Prague) increased from 1068.43 index points Thursday, March 14th to 1070.29 index points Friday, March 15th. It’s up 0.17 per cent d/d and down 4.04 per cent y/y.

SAX (of Bratislava) increased from 342.96 index points Thursday, March 14th to 343.35 index points Friday, March 15th. It’s up 0.11per cent d/d and up 2.48 per cent y/y.

SOFIX (of Sofia) increased from 579.00 index points Thursday, March 14th to 583.80 index points Friday, March 15th. It’s up 0.74 per cent d/d and down 14.05 per cent y/y.

UX (of Kyiv) increased from 1696.23 index points Thursday, March 14th to 1700.69 index points Friday, March 15th. It’s up 0.26 per cent d/d and up 7.89 per cent y/y.

WIG20 (of Warsaw) increased from 2319.28 index points Thursday, March 14th to 2346.25 index points Friday, March 15th. It’s up 1.16 per cent d/d and down 1.05 per cent y/y.

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