Ukrainian Mariupol port has lost 33 per cent of its fleet

Port of Mariupol (Oleg Zima, CC BY-SA)

One third of Latvian households have problems

Raiffeisenbank will expand its operations in Bulgaria

Ukraine

The port of Mariupol has lost 33 per cent of its fleet. Each month it loses up to 140,000 tons of exported metal products. All due to the construction of a bridge across the Kerch Strait and further limitation of ships’ passage, Ukrainian Ministry for Temporarily Occupied Territories informed.

“Russia restricted the height of vessels: from now on vessels of Panamax type cannot pass through the canal. With the restrictions on the movement of vessels, the canal bottom is growing shallow and silting up,” Minister for Temporarily Occupied Territories Vadym Chernysh said. He added that despite the blockade of the Kerch Strait by the Russian Federation, the Mariupol port operates and remains one of the strategically important enterprises of the city.

The maximum capacity of the port allows transshipment of cargo up to 21 million tons per year, but after the Russian aggression in the east of Ukraine the port’s capacity decreased almost 67 per cent.

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Latvia

In 2018, 35.7 per cent of households made ends meet with difficulty or great difficulty. It was 7.9 per cent more y/y.

The share of households paying its necessary expenses with some difficulty or fairly easily has increased from 51.2 per cent in 2017 to 56.8 per cent in 2018, as has the proportion of households making ends meet easily or very easily, which increased from 5.3 per cent to 7.4 per cent respectively, according to data from the Central Statistical Bureau of Latvia.

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Bulgaria

Austrian Raiffeisenbank plans to expand its operations on the Bulgarian market. In the bank’s annual report Raiffeisenbank’s CEO Johan Strobl pointed out that new acquisitions are needed to strengthen bank’s position on strategically significant markets. It looks for possible acquisitions also in the Czech Republic, Slovakia and Serbia.

The profits of Raiffeisenbank for 2018 is BGN131m. Assets amount to BGN7.8bn. Corporate lending has reached a market share of 7.3 per cent. The amount of the loan portfolio increased by 16 per cent to BGN2.2bn.

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What’s up in indexes

BET (of Bucharest) decreased from 7854.22 index points Wednesday, March 13th to 7844.31 index points Thursday, March 14th. It’s down 0.28 per cent d/d and down 8.80 per cent y/y.

BUX (of Budapest) increased from 40888.00 index points Wednesday, March 13th to 41335.00 index points Thursday, March 14th. It’s up 1.09 per cent d/d and up 6.28 per cent y/y.

CROBEX (of Zagreb) increased from 1,769.12 index points Wednesday, March 13th to 1,770.01 index points Thursday, March 14th. It’s up 0.15 per cent d/d and down 1.93 per cent y/y.

OMXR (of Riga) decreased from 985.87 index points Thursday, March 14th to 983.58 index points Thursday, March 14th. It’s down 0.23 per cent d/d and down 5.31 per cent y/y.

OMXT (of Tallinn) decreased from 1243.93 index points Wednesday, March 13th to 1242.30 index points Thursday, March 14th. It’s down 0.13 per cent d/d and down 4.75 per cent y/y.

OMXV (of Vilnius) decreased from 655.29 index points Wednesday, March 13th to 654.44 index points Thursday, March 14th. It’s down 0.02 per cent d/d and down 4.16 per cent y/y.

PX (of Prague) increased from 1061.63 index points Wednesday, March 13th to 1068.43 index points Thursday, March 14th. It’s up 0.64 per cent d/d and down 4.32 per cent y/y.

SAX (of Bratislava) increased from 342.27 index points Wednesday, March 13th to 342.96 index points Thursday, March 14th. It’s up 0.07per cent d/d and up 0.90 per cent y/y.

SOFIX (of Sofia) increased from 578.63 index points Wednesday, March 13th to 579.00 index points Thursday, March 14th. It’s up 0.04 per cent d/d and down 14.81 per cent y/y.

UX (of Kyiv) increased from 1696.03 index points Wednesday, March 13th to 1696.23 index points Thursday, March 14th. It’s up 0.07 per cent d/d and up 4.14 per cent y/y.

WIG20 (of Warsaw) increased from 2314.79 index points Wednesday, March 13th to 2319.28 index points Thursday, March 14th. It’s up 0.19 per cent d/d and down 0.71 per cent y/y.

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