Ukraine and Israel to boost trade flow

The Hadera Desalination Plant, Israel (U.S. Embassy Jerusalem, CC BY-SA)
Kiev, Ukraine (Jorge Franganillo, CC BY)

Hungary: Base rate kept on hold

Bulgaria: A reactor in Kozloduy NPP upgraded

Ukraine

Ukraine and Israel plan to boost the trade up to USD2bn in the next 5 years – the Interfax reports, citing Ukraine’s First Deputy Prime Minister Stepan Kubiv. Mr. Kubiv met with Israeli Minister of Economy and Industry Eli Cohen. They decided to launch policies aimed at stimulating the mutual trade of goods. Both countries will also to develop “cooperation in the field of innovation and high technologies”.

The agency informs that in 2017 the trade increased by 14.7 per cent y/y – reaching USD772.5m. Both countries are supposed to sign a free trade agreement by the end of 2018.

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Hungary

Hungary’s central bank decided to keep base rate on hold – the Budapest Business Journal informs. According to the portal, the Monetary Council of the National Bank of Hungary (MNB) at its meeting on Wednesday, July 25th, decided to keep the bank’s key rate at 0.9 per cent. The BBJ points out that the rate has been kept on hold since 2016.

In a statement released after the meeting, the council suggested an adjustment to the timeframe for maintaining its loose policy compared to earlier communications.

According to the council, maintaining the base rate and the loose monetary conditions is “still necessary to achieve the inflation target in a sustainable manner”.

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Bulgaria

A Soviet-era reactor (Unit 6) of Kozloduy Nuclear Power Plant has been upgraded – Novinite.com informs. The reactor’s lifespan is extended until 2051. The portal quotes Bulgaria’s Energy Ministry: “The results of the completed works indicate safe operation of the plant’s equipment, buildings and systems of Unit 6, until 2051”.

Kozloduy is the only nuclear power plant in Bulgaria. It is located near the Danube river, near the border with Romania. Its two 1,000 megawatt reactors – Unit 5 and Unit 6 – produce 33 per cent of Bulgaria’s electricity consumption.

An upgrade of Unit 5 was completed in 2016. The cost of upgrading both reactors was EUR360m.

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What’s up in indexes

BET (of Bucharest) increased from 7,950.09 index points Tuesday, July 24th to 7,953.86 index points Wednesday, July 25th. It’s up 0.01 per cent d/d and down 4.50 per cent y/y.

BUX (of Budapest) decreased from 35,050.00 index points Tuesday, July 24th to 34,963 index points Wednesday, July 25th. It’s down 0.25 per cent d/d and down 0.92 per cent y/y.

CROBEX (of Zagreb) decreased from 1,824.16 index points Tuesday, July 24th to 1,821.56 index points Wednesday, July 25th. It’s down 0.14 per cent d/d and down 0.66 per cent y/y.

OMXR (of Riga) decreased from 1,014.23 index points Tuesday, July 24th to 1,014.04 index points Wednesday, July 25th. It’s down 0.02 per cent d/d and up 2.15 per cent y/y.

OMXT (of Tallinn) decreased from 1,261.25 index points Tuesday, July 24th to 1,260.77 index points Wednesday, July 25th. It’s down 0.04 per cent d/d and up 2.17 per cent y/y.

OMXV (of Vilnius) increased from 714.26 index points Tuesday, July 24th to 715.30 index points Wednesday, July 25th. It’s up 0.15 per cent d/d and up 15.04 per cent y/y.

PX (of Prague) decreased from 1,093.88 index points Tuesday, July 24th to 1,090.42 index points Wednesday, July 25th. It’s down 0.32 per cent d/d and up 7.42 per cent y/y.

SAX (of Bratislava) increased from 337.06 index points Tuesday, July 24th to 339.22 index points Wednesday, July 25th. It’s up 0.64 per cent d/d and down 0.98 per cent y/y.

SOFIX (of Sofia) decreased from 637.18 index points Tuesday, July 24th to 636.02 index points Wednesday, July 25th. It’s down 0.18 per cent d/d and down 10.64 per cent y/y.

UX (of Kyiv) increased from 1,616.93 index points Tuesday, July 24th to 1,618.85 index points Wednesday, July 25th. It’s up 0.12 per cent d/d and up 48.35 per cent y/y.

WIG20 (of Warsaw) increased from 2,244.27 index points Tuesday, July 24th to 2,260.70 index points Wednesday, July 25th. It’s up 0.73 per cent d/d and down 3.45 per cent y/y.

 

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