UAE group takes over the biggest grain farm in Romania

(CameliaTWU, CC BY-NC-ND)

Bulgaria with revenues growth from tourism

Ukraine will stop importing anthracite from 2019

Romania

As reported by Romania Insider Romania’s Competition Council approved the transaction through which Al Dahra Agriculture, a group from the United Arab Emirates (UAE), takes over local agricultural producer Agricost Braila.

Agricost operates the biggest grain farm in Romania and was founded by local entrepreneur Constantin Dulute. The company has the concession of 56,000 hectares of Insula Mare a Brailei, an island on the Danube that has the most fertile land in Romania, until 2032.

The value of the transaction is some EUR200-250m. Dulute said that the deal only includes the business not the land, which belongs to the state. The new owner plans to invest some EUR500m in five years, and will focus on growing sheep.

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Bulgaria

The data from the Bulgarian National Bank shows that in the period January – April 2018 the revenues from international tourism increased 11.2 per cent y/y and reached BGN1.1bn. Novinite.com quotes Tourism Minister Nikolina Angelkova saying that the results were the “effect of efforts to promote Bulgaria to the tourist markets”.

The results for incoming tourism for the period January-May are also good, with 11.1 per cent of foreign tourists in Bulgaria. The number of visits reached 2,436 million.

The biggest group of tourists are Romanians — 427,538 visited Bulgaria in 2018. The citizens of Germany, UK, as well as Israel, Russia and Ukraine, continue to show increased interest in Bulgaria.

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Ukraine

In 2019, Ukraine wants to stop importing anthracite coal the Interfax reports after Ukrainian Energy and Coal Industry Minister Ihor Nsalyk. According to Mr. Nsalyk, in 2017, anthracite consumption by Ukrainian power plants decreased to 5 million tons from 10.6 million tons in 2016. In 2018 further decrease should be observed – to 3 million tons.

The Energy Ministry points out that after 2018 the figures will be reached “thanks to re-equipment of anthracite-burning units of thermal power plants that are switching to consumption of gas coal”.

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What’s up in indexes

BET (of Bucharest) decreased 8,040.57 index points Monday, July 2nd to 7,981.39 index points Tuesday, July 3rd. It’s down 0.48 per cent d/d and up 1.60 per cent y/y.

BUX (of Budapest) increased from 35,867.75 index points Monday, July 2nd to 36,204.30 index points Tuesday, July 3rd. It’s up 0.94 per cent d/d and up 4.09 per cent y/y.

CROBEX (of Zagreb) decreased from 1,804.67 index points Monday, July 2nd to 1,800.96 index points Tuesday, July 3rd. It’s down 0.21 per cent d/d and down 1.24 per cent y/y.

OMXR (of Riga) increased from 1,037.94 index points Monday, July 2nd to 1,041.13 index points Tuesday, July 3rd. It’s up 0.31 per cent d/d and up 7.709 per cent y/y.

OMXT (of Tallinn) decreased from 1,259.51 index points Monday, July 2nd to 1,259.29 index points Tuesday, July 3rd. It’s down 0.02 per cent d/d and up 10.14 per cent y/y.

OMXV (of Vilnius) decreased from 710.47 index points Monday, July 2nd to 708.26 index points Tuesday, July 3rd. It’s down 0.31 per cent d/d and up 18.27 per cent y/y.

PX (of Prague) increased from 1,070.50 index points Monday, July 2nd to 1,076.02 index points Tuesday, July 3rd. It’s up 0.52 per cent d/d and up 9.66 per cent y/y.

SAX (of Bratislava) increased from 326.07 index points Monday, July 2nd to 328.46 index points Tuesday, July 3rd. It’s up 0.73 per cent d/d and down 0.37 per cent y/y.

SOFIX (of Sofia) decreased from 626.80 index points Monday, July 2nd to 626.53 index points Tuesday, July 3rd. It’s down 0.04 per cent d/d and down 11.15 per cent y/y.

UX (of Kyiv) decreased from 1,601.34 index points Monday, July 2nd to 1,595.47 index points Tuesday, July 3rd. It’s down 0.37 per cent d/d and up 53.46 per cent y/y.

WIG20 (of Warsaw) increased from 2,119.31 index points Monday, July 2nd to 2,160.24 index points Tuesday, July 3rd. It’s up 1.93 per cent d/d and down 7.04 per cent y/y.

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