The US plans to impose sanctions against Nord Stream 2

(Nord Stream 2, Public domain)

VW will build small e-car in Slovakia

Increase of non-EU citizens in Hungary

Russia and Germany

The US Energy Secretary, Rick Perry said a sanctions bill placing restrictions on companies involved in the Nord Stream 2 gas pipeline will come in the “not too distant future.” “Opposition to Nord Stream 2 is very much alive and well in the United States,” Mr. Perry said in Kiev.

“That is an international project, in which a whole group of international giant companies are participating, the project has already been implemented to a large extent, the financing of the project has been provided to a large extent, and it is moving forward rather fast,” Spokesman for Russian President, Dmitry Peskov commented.

Read more

and more

Slovakia

Volkswagen Group will build its new, small e-car in Slovakia, German business paper Handelsblatt reported. VW has picked its factory in Bratislava, where the automaker currently builds the VW Up, Skoda Citigo and Seat Mii, as the production site for the e-car, which the automaker aims to sell for less than EUR20,000.

VW had initially intended to build the vehicle at its factory in Emden, Germany, but decided on Bratislava instead because wage costs are lower in Slovakia than in Germany, Handelsblatt said.

Read more

Hungary

The number of valid residence permits Hungary issued to non-EU citizens doubled in 2017, after the government eased restrictions on the employment of non-EU citizens and before the controversial residence bond program was phased out, Hungarian news agency MTI informed.

By the end of 2017, 117,000 foreigners held a residence permit in Hungary, which represents a 113 per cent annual growth over a 12-month period, the largest increase among EU members, according to figures from Eurostat.

The highest numbers residence permits were issued to citizens of China, Russia and Ukraine. The number of permits issued to citizens of Ukraine nearly quadrupled over the period.

Read more

What’s up in indexes

BET (of Bucharest) decreased from 8223.76 index points Monday, May 20th to 8180.62 index points Tuesday, May 21st. It’s down 0.30 per cent d/d and down 0.55 per cent y/y.

BUX (of Budapest) decreased from 39631.00 index points Monday, May 20th to 39576.00 index points Tuesday, May 21st. It’s down 0.14 per cent d/d and up 8.32 per cent y/y.

OMXR (of Riga) decreased from 1027.85 index points Monday, May 20th to 1025.18 index points Tuesday, May 21st. It’s down 0.26 per cent d/d and down 1.25 per cent y/y.

OMXT (of Tallinn) decreased from 1244.52 index points Monday, May 20th to 1242.69 index points Tuesday, May 21st. It’s down 0.15 per cent d/d and down 0.84 per cent y/y.

OMXV (of Vilnius) increased from 680.13 index points Monday, May 20th to 681.37 index points Tuesday, May 21st. It’s up 0.18 per cent d/d and down 3.25 per cent y/y.

PX (of Prague) decreased from 1049.34 index points Monday, May 20th to 1048.33 index points Tuesday, May 21st. It’s down 0.10 per cent d/d and down 4.37 per cent y/y.

RTS (of Moscow) increased from 1256.22 index points Monday, May 20th to 1279.12 index points Tuesday, May 21st. It’s up 1.82 per cent d/d and up 6.12 per cent y/y.

SAX (of Bratislava) increased from 343.35 index points Monday, May 20th to 344.98 index points Tuesday, May 21st. It’s up 0.47 per cent d/d and up 6.02 per cent y/y.

SOFIX (of Sofia) decreased from 569.30 index points Monday, May 20th to 568.80 index points Tuesday, May 21st. It’ down 0.10 per cent d/d and down 12.01 per cent y/y.

UX (of Kyiv) increased from 1710.85 index points Monday, May 20th to 1727.19 index points Tuesday, May 21st. It’s up 0.96 per cent d/d and down 7.11 per cent y/y.

WIG20 (of Warsaw) increased from 2175.51 index points Monday, May 20th to 2190.93 index points Tuesday, May 21st. It’s up 0.71 per cent d/d and down 3.41 per cent y/y.

Share this post

TOP