Ukraine talks reforms with the IMF

Christine Lagarde and Petro Poroshenko (IMF, CC BY-NC-ND)

New exclusive beer production line to be developed in Klaipeda

Bulgaria plans to improve its railway

Ukraine

Ukrainian Finance Minister Oleksandr Danyliuk met with Christine Lagarde, the head of the International Monetary Fund. As Interfax reports, the officials talked about further cooperation under the IMF program, pension and land reforms, privatization, fighting corruption and reforming the State Fiscal Service.

As reported „the minister assured IMF that all disputable issues on the pension reform have already been resolved” (read more about Ukrainian pension system) and that this reform and the new laws on privatization will be soon submitted to the Verkhovna Rada. It’s been also said the reform of the State Fiscal Service will be pursued with the support of the IMF.

In the Spring 2017 Ukraine has received USD1bn installment of its USD17.5bn financial support for the government’s reform program but the IMF had noted it reforms must accelerate.

>>More

Lithuania

„New types of beer and new trademarks may be created as a result of the cooperation of Lithuanian and US brewers,” Baltic Course announces. The portal reports that a new company will be established in Klaipeda, Lithuania. The world giant Carlsberg, together with Brooklyn Brewery (an US brewery), will take over Lithuanian Svyturio-Utenos Alus (which is a part of the Raudonuju Plytu trademark). After registering the company, a new beer production line will be launched. It is scheduled late 2017 and it is said to have the capacity of 2 million liters per year. Apart from the beer production, there are some more elements of the business planned, for e.g. a beer knowledge center, a restaurant and so on.

The data from Statista.com shows a Lithuanian drinks up to 95 liters of beer each year.

>>More

Bulgaria

Railway connection between Bulgarian towns Kostenets and Semptemvri will be improved. This is a part of the railway line connecting Sofia to Plovdiv, the second biggest city of the country.

As SEENews Corporate Wire reports, the National Railway Infrastructure Company (NRIC) has opened a tender for the modernization of this section. The cost of the project will reach EUR185m. The project envisions the construction of 3 tunnels and 23 bridges.

The Sofia-Plovdiv railway is an important part of the Trans-European Core network corridors.

>>More

What’s up in indexes

BET (of Bucharest) increased from 8,112.16 index points Monday, July 10th to 8,157.95 index points Tuesday, July 11th. It’s up 0.56 per cent d/d and up 25.70 per cent y/y.

BUX (of Budapest) increased from 35,724.92 index points Monday, July 10th to 35,749 index points Tuesday, July 12th. It’s up 0.07 per cent d/d and up 30.39 per cent y/y.

Tuesday, July 11th was a non-trading day at the bourse Zagreb. CROBEX (of Zagreb) closed at 1,888.57 index points Thursday, July 6th.

OMXR (of Riga) increased 980.50 index points Monday, July 10th to 981.09 index points Tuesday, July 12th.  It’s up 0.06 per cent d/d and up 56.23 per cent y/y.

OMXT (of Tallinn) increased from 1,168.27 index points Monday, July 10th to 1,170.87 index points Tuesday, July 12th. It’s up 0.22 per cent d/d and up 18.34 per cent y/y.

OMXV (of Vilnius) increased from 601.18 index points Monday, July 10th to 606.75 index points Tuesday, July 12th. It’s up 0.93 per cent d/d and up 16.56 per cent y/y.

PX (of Prague) decreased from 999.00 index points Monday, July 10th to 996.79 index points Tuesday, July 12th. It’s down 0.22 per cent d/d and up 21.51 per cent y/y.

SAX (of Bratislava) decreased from 334.96 index points Monday, July 10th to 334.74 index points Tuesday, July 12th. It’s down 0.07 per cent d/d and up 9.17 per cent y/y.   

SOFIX (of Sofia) decreased from 709.26 index points Monday, July 10th to 708.77 index points Tuesday, July 12th. It’s down 0.07 per cent d/d and up 57.13 per cent y/y.

UX (of Kyiv) increased from 1,051.48 index points Monday, July 10th to 1,057.67 index points Tuesday, July 12th. It’s up 0.59 per cent d/d and up 49.22 per cent y/y.

WIG20 (of Warsaw) decreased from 2,300.66 index points Monday, July 10th to 2,297.73 index points Tuesday, July 12th. It’s down 0.13 per cent d/d and up 31.64 per cent y/y.

Share this post

TOP