Ukraine to lift moratorium on farmland sale by year-end

(záviděníhodný_člověk, CC BY-SA 2.0)

Estonia offers grants for the purchase of electric vehicles

Stress tests show Slovenian banking system is stable

Ukraine

“Ukraine plans to lift a moratorium on farmland sales and launch the real estate market by the end of 2019,” Deputy Head of the Presidential Office Oleksiy Honcharuk announced. “There’s an understanding…that if it’s not done this year, it will be quite difficult,” Mr. Honcharuk said, adding that the Presidential Office is looking for the “least painful but the most efficient version” of opening the farmland market.

According to Mr. Honcharuk, discussions with the World Bank will determine whether to allow purchases by foreigners or limit the size of sales. “The most liberal version could boost GDP by more than 3 percentage points a year and the most conservative by 0.5 percentage point,” Mr. Honcharuk said.

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Estonia

The Estonian government is reintroducing grants for the purchase of electric vehicles, ERR News Agency informed. The Ministry of the Environment will pay EUR5,000 supporting the purchase of an EV, but this must be repaid in full if the vehicle is not used for at least 80,000 kilometers within four years, and 80 per cent of it must be in Estonia. Recipients of the grant must also agree to have a GPS tracker installed on their vehicle for the four-year period.

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Slovenia

Stress tests conducted by the Slovenian central bank have shown that the country’s banking system is stable. “In the baseline, as well as stress scenario, the Slovenian banking system has shown to have appropriate capital adequacy,” Banka Slovenije said.

“Slovenian banks are relatively well capitalized and have improved the quality of their credit portfolios, which is the consequence of successful reduction of non-performing exposure in recent years,” the central bank informed.

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What’s up in indexes

BET (of Bucharest) decreased from 9142.63 index points Thursday, August 1st to 9068.90 index points Friday, August 2nd. It’s down 0.56 per cent d/d and up 13.4 per cent y/y.

BUX (of Budapest) decreased from 40474.00 index points Thursday, August 1st to 40309.61 index points Friday, August 2nd. It’s down 0.41 per cent d/d and up 11.9 per cent y/y.

OMXR (of Riga) increased from 1042.61 index points Thursday, August 1st to 1043.33 index points Friday, August 2nd. It’s up 0.07 per cent d/d and up 1.46 per cent y/y.

OMXT (of Tallinn) decreased from 1272.10 index points Thursday, August 1st to 1264.71 index points Friday, August 2nd. It’s down 0.58 per cent d/d and up 0.54 per cent y/y.

OMXV (of Vilnius) increased from 694.43 index points Thursday, August 1st to 694.58 index points Friday, August 2nd. It’s up 0.02 per cent d/d and down 3.06 per cent y/y.

PX (of Prague) decreased from 1047.08 index points Thursday, August 1st to 1040.37 index points Friday, August 2nd. It’s down 0.64 per cent d/d and down 4.47 per cent y/y.

RTS (of Moscow) decreased from 1346.40 index points Thursday, August 1st to 1293.19 index points Friday, August 2nd. It’s down 3.95 per cent d/d and up 13.3 per cent y/y.

SAX (of Bratislava) increased from 344.80 index points Thursday, August 1st to 345.27 index points Friday, August 2nd. It’s up 0.14 per cent d/d and up 8.37 per cent y/y.

SOFIX (of Sofia) decreased from 581.40 index points Thursday, August 1st to 580.08 index points Friday, August 2nd. It’s down 0.24 per cent d/d and down 9.26 per cent y/y.

UX (of Kyiv) decreased from 1601.91 index points Thursday, August 1st to 1583.93 index points Friday, August 2nd. It’s down 1.12 per cent d/d and down 3.67 per cent y/y.

WIG20 (of Warsaw) decreased from 2240.78 index points Thursday, August 1st to 2216.51 index points Friday, August 2nd. It’s down 1.08 per cent d/d and down 2.95 per cent y/y.

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