Ukraine reforms its coal industry

Coal mine in Ternivka, Ukraine (Leonid Dzhepko, CC BY-SA)

Hungarian MOL to invest EUR2.3m in Romanian LPG terminal

Czech real estate prices to increase 10 per cent by the end of 2017

Ukraine

Ukraine’s government approved a plan for reforming and developing the coal industry till 2020. As Interfax reports, the Ukrainian cabinet of Volodymyr Groysman wants to “increase coal production with a simultaneous complete transfer of mines to non-subsidization and self-sufficiency, solving environmental and social problems”.

Currently all state mines are unprofitable. By the end of 2017 Ukraine wants 70 per cent of them to reach breakeven point and by 2018 all should be profitable.

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Romania

It will be the first investment of Hungarian MOL in an LPG terminal Romania. Romanian subsidiary of MOL – Hungarian oil and gas giant – informed that it will develop a new LPG terminal at Tileagd in Bihor county, in northwestern Romania. The estimated cost is EUR2.3m.

As SEENews Corporate Wire reports, the terminal will be equipped with 4 tanks and it will start operating in H2’2017.

MOL has entered Romania in 1996. It developed a network of 206 gas stations. In 2015 it acquired 208 gas stations in Romania, Czech Republic and Slovakia bought from an Italian company Eni (in Romania known as Agip).

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Czech Republic

Radio Praha reports the findings of the study done by the Association for Real Estate Market Development. According to the study, Czech property market will grow 10 per cent by the end of 2017, if the country’s economy “keeps doing well”, due to the record low mortgage rates.

The highest increases in apartments’ prices are in Prague and Brno. The prices have already surpassed the rates noted in 2008 – before the financial crisis. The average price per square meter reach EUR2,839. At the same time in other Czech cities the prices of apartments are 2-10 per cent below the level of 2008.

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What’s up in indexes

BET (of Bucharest) increased from 8,549.06 index points Wednesday, May 24th to 8,590.18 index points Thursday, May 25th. It’s up 0.40 per cent d/d and up 34.02 per cent y/y.

BUX (of Budapest) increased from 32,251.21 index points Wednesday, May 24th to 34,349.11 index points Thursday, May 25th. It’s up 0.29 per cent d/d and up 28.63 per cent y/y.

CROBEX (of Zagreb) decreased from 1,853.26 index points Wednesday, May 24th to 1,853.09 index points Thursday, May 25th. It’s down 0.01 per cent d/d and up 11.23 per cent y/y.

May 25th was non trading day in Latvia. The day before OMXR (of Riga) decreased closed at 833.23 index points. It’s up 32.07 per cent y/y.

May 25th was non trading day in Estonia. The day before OMXT (of Tallinn) closed at 1,121.33 index points. It’s up 13.14 per cent y/y.

May 25th was non trading day in Lithuania. The day before OMXV (of Vilnius) closed at 585.79 index points. It’s up 13.66 per cent y/y.

PX (of Prague) decreased from 1,010.73 index points Wednesday, May 24th to 1,009.97 index points Thursday, May 25th.  It’s down 0.08 per cent d/d and up 13.44 per cent y/y.

SAX (of Bratislava) increased from 308.12 index points Wednesday, May 24th to 308.55 index points Thursday, May 25th.  It’s up 0.14 per cent d/d and down 3.26 per cent y/y.

SOFIX (of Sofia) decreased from 660.74 index points Tuesday, May 23rd to 658.50 index points Thursday, May 25th. It’s down 0,34 per cent d/d and up 49.74 per cent y/y.

UX (of Kyiv) decreased from 936.50 index points Wednesday, May 24th to 934.81 index points Thursday, May 25th. It’s down 0.18 per cent d/d and up 52.11 per cent y/y.

WIG20 (of Warsaw) increased from 2,324.99 index points Wednesday, May 24th to 2,358.41 index points Thursday, May 25th. It’s up 1.44 per cent d/d and up 27.53 per cent y/y.

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