Ukrenergo will develop energy storage with EBRD and World Bank

(arbyreed, CC BY-NC 2.0)

Volkswagen could build new Passat in Slovakia

Largest Romanian airline with EUR60m bond issue

Ukraine

Ukrainian state-owned energy company Ukrenergo has signed a cooperation agreement with the European Bank for Reconstruction and Development (EBRD) to develop power grids in the south of Donetsk region and to develop energy storages systems for regulating frequency and power in the Ukrainian energy system. “The EBRD is currently the largest creditor of our company, which allows us to quickly catch up with the renewal of our trunk power lines,” Head of Ukrenergo Vsevolod Kovalchuk said.

Ukrenergo also signed a technical assistance agreement with the World Bank, which will help developing an auction mechanism to attract private investment in the energy storage systems.

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Slovakia

Slovakia’s capital, Bratislava might be considered as host of German Volkswagen Passat production plant. The company announced that it is looking for a home after the withdrawal from plans to invest the EUR1bn in Turkey due to the Turkish military operation in northern Syria. according to the Slovak News Agency (SNA).

After stopping the project in Turkey, the countries of Bulgaria, Romania and Serbia expressed interest in the investment. Automobilwoche reported that Volkswagen had already decided to move part of the production to Bratislava.

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Romania

CEO of a low-cost airline and the largest Romanian air carrier Blue Air, Oana Petrescu informed that Blue Air prepares to raise EUR50-60m through a bond issue next autumn. She also said the company is considering having its shares listed on the Bucharest Stock Exchange two years later. “This is the funding we need to resume growth,” Ms. Petrescu stressed. Blue Air informed that it had the EUR3.4m net profit in the FY ending September 2019

Blue Air, the only air carrier in Romania with 100 per cent domestic capital, started operations in December 2004. The airline operates flights to more than 100 destinations in 20 countries.

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What’s up in indexes

BET (of Bucharest) increased from 9632.11 index points Monday, October 28th to 9687.21 index points Tuesday, October 29th. It’s up 0.66 per cent d/d and up 14.1 per cent y/y.

BUX (of Budapest) decreased from 42159.36 index points Monday, October 28th to 42034.11 index points Tuesday, October 29th. It’s down 0.66 per cent d/d and up 14.8 per cent y/y.

OMXR (of Riga) decreased from 1033.60 index points Monday, October 28th to 1026.93 index points Tuesday, October 29th. It’s down 0.65 per cent d/d and up 9.44 per cent y/y.

OMXT (of Tallinn) increased from 1243.55 index points Monday, October 28th to 1244.56 index points Tuesday, October 29th. It’s up 0.08 per cent d/d and up 4.22 per cent y/y.

OMXV (of Vilnius) increased from 700.14 index points Monday, October 28th to 702.47 index points Tuesday, October 29th. It’s up 0.33 per cent d/d and up 7.74 per cent y/y.

PX (of Prague) decreased from 1067.14 index points Monday, October 28th to 1061.54 index points Tuesday, October 29th. It’s down 0.52 per cent d/d and up 0.88 per cent y/y.

RTS (of Moscow) increased from 1413.63 index points Monday, October 28th to 1421.20 index points Tuesday, October 29th. It’s up 0.54 per cent d/d and up 26.8 per cent y/y.

SAX (of Bratislava) decreased from 346.77 index points Monday, October 28th to 346.07 index points Tuesday, October 29th. It’s down 0.20 per cent d/d and up 2.89 per cent y/y.

SOFIX (of Sofia) increased from 561.00 index points Monday, October 28th to 561.41 index points Tuesday, October 29th. It’s up 0.07 per cent d/d and down 6.24 per cent y/y.

UX (of Kyiv) increased from 1515.18 index points Monday, October 28th to 1533.47 index points Tuesday, October 29th. It’s up 1.21 per cent d/d and down 11.08 per cent y/y.

WIG20 (of Warsaw) increased from 2186.11 index points Monday, October 28th to 2192.23 index points Tuesday, October 29th. It’s up 0.67 per cent d/d and up 1.82 per cent y/y.

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