Ukrainian-Belarusian businesses with deals worth USD40m

Petro Poroshenko and Alexander Lukashenko, Kiev, Ukraine (President of Ukraine, Public domain)

Bulgaria seized more than 638,248 fake goods in 2016

Moody’s affirms Estonia’s A1 rating

Ukraine

Within the framework of the official visit of Belarusian President Alexander Lukashenko to Kiev, Ukrainian and Belarusian businesses signed deals totalling more than USD40m.

As the Interfax reports, after Ukrainian Chamber of Commerce and Industry, 16 commercial contracts were signed. The companies involved are Gomselmash, Technotorg Don, Ukravtozapchastyna LLC, Belarus-Ukraine Trade House, Baranovichi Cotton Production Amalgamation, Biltex LLC, Vostok-BELAZ-Service LLC, Novotroitske quarry management company, BelAZ, ArcelorMittal Kryvyi Rih, Mogilevliftmash, Karat-Liftkomplekt LLC, foreign investment company BNH Ukraine, and Eridon.

“I am pleased to inform that the trade turnover between Ukraine and Belarus has increased by 26% in comparison with the last year,” said Ukraine’s President Petro Poroshenko and reminded that Belarus is the fourth trade partner for Ukraine, and Ukraine is the second trade partner for Belarus.

>>More

Bulgaria

Novinite.com quotes data from the European Commission’s report on the seizure of fake goods at the European borders. It shows that overall customs authorities detained more than 41 million of fake and counterfeit products amounting to EUR670m at the EU’s external border in 2016. Bulgaria seized 638 248 counterfeits at its borders in 2016.

As Novinite.com reports, the volume of fake goods seized decreases. It’s almost half the amount the country confiscated in 2015. Also the number of cases of fake goods in Bulgaria dropped from 497 in 2015 to 436 in 2016 (down 12 per cent).

The largest exporter of fake goods is China, 80 per cent of the counterfeit products came from China in 2016.

>>More

Estonia

The resilience to external shocks of the country’s economy, very low debt burden and susceptibility to geopolitical event risk are the factors backing Moody’s decision to confirm Estonia’s government bond rating at A1 with a stable outlook.

The Baltic Course reports that Estonia’s average economic growth in the period 2010-2014 was 3.7 per cent and it was “among the highest in the Eurozone, reflecting the significant competitiveness gains achieved in 2010 through a sharp reduction in labor cost”. The portal also underlines that the country has avoided turmoils that could have been caused by the economic contraction in Russia and poor growth in Finland.

Moody’s informs that it expects Estonian economy will expand by 3.0 per cent in 2017 and 2.8 per cent in 2018.

>>More

What’s up in indexes

BET (of Bucharest) decreased from 8,369.22 index points Thursday, July 20th to 8,365.76 index points Friday, July 21st. It’s down 0.04 per cent d/d and up 26.01 per cent y/y.

BUX (of Budapest) increased from 35,424.00 index points Thursday, July 20th to 35,633.91 index points Friday, July 21st. It’s up 0.59 per cent d/d and up 28.01 per cent y/y.

CROBEX (of Zagreb) increased from 1,869.79 index points Thursday, July 20th to 1,871.82 index points Friday, July 21st. It’s up 0.11 per cent and up 10.24 per cent y/y.

OMXR (of Riga) increased from 993.46 index points Thursday, July 20th to 994.86 index points Friday, July 21st. It’s up 0.14 per cent d/d and up 55.34 per cent y/y.

OMXT (of Tallinn) increased from 1,224.35 index points Thursday, July 20th to 1,225.92 index points Friday, July 21st. It’s up 0.13 per cent d/d and up 19.96 per cent y/y.

OMXV (of Vilnius) increased from 617.14 index points Thursday, July 20th to 619.69 index points Friday, July 21st. It’s up 0.41 per cent d/d and up 15.30 per cent y/y.

PX (of Prague) decreased from 1,008.69 index points Thursday, July 20th to 1,004.19 index points Friday, July 21st. It’s down 0.45 per cent d/d and up 13.15 per cent y/y.

SAX (of Bratislava) decreased from 339.14 index points Thursday, July 20th to 337.77 index points Friday, July 21st. It’s down 0.40 per cent d/d and up 7.01 per cent y/y.   

SOFIX (of Sofia) decreased from 712.97 index points Thursday, July 20th to 711.93 index points Friday, July 21st. It’s down 0.15 per cent d/d and up 55.57 per cent y/y.

UX (of Kyiv) decreased from 1,085.31 index points Thursday, July 20th to 1,081.43 index points Friday, July 21st. It’s down 0.36 per cent d/d and up 51.00 per cent y/y.

WIG20 (of Warsaw) decreased from 2,358.50 index points Thursday, July 20th to 2,343.10 index points Friday, July 21st. It’s down 0.65 per cent d/d and up 29.91 per cent y/y.

Share this post

TOP