Ursula von der Leyen chose her EC team

Ursula von der Leyen (European Parliament, CC BY 2.0)

EBRD to invest EUR700m in renewable energy in Poland

Lek opens new development laboratories in Ljubljana

Central and Southeast Europe

European Commission President, Ursula von der Leyen has named her choices for the EU’s new top team. Among the five ordinary vice presidents are Slovakia’s Maroš Šefčovič, who will coordinate inter-institutional relations and foresight, Croatian Dubravka Šuica — democracy and demography, and Czech Věra Jourová, who will be responsible for values and transparency.

Latvian Valdis Dombrovskis was given the financial services portfolio, while former Hungarian justice minister László Trócsányi will be responsible for neighborhood and enlargement portfolio.

Janusz Wojciechowski was named as Poland’s future EU commissioner for the agriculture. The energy portfolio was given to Estonia’s Kadri Simson while Lithuanian Virginijus Sinkevičius was given environmental and ocean protection, with Slovenian Janez Lenarčič set to be responsible for crisis management.

The candidates of Bulgaria and Romania (Mariya Gabriel and Rovana Plumb) have been proposed as the commissioners for innovation and youth, and transport respectively.

If approved by the European Parliament, Ms. von der Leyen’s executive team will be the most gender-diverse in EU history, with 13 women and 14 men. Ms. von der Leyen, Germany’s former defense minister, will officially replace Commission President Jean-Claude Juncker on November 1st.

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Poland

The European Bank for Reconstruction and Development (EBRD) plans to increase its funding for Poland’s renewable energy in coming years, PAP news agency informed. “We want to invest EUR650-700m annually in Poland, and this year such a level is realistic,” Grzegorz Zieliński, EBRD director said.

Earlier this year Mr. Zielinski told Reuters that EBRD expects to back new onshore wind farms and photovoltaic projects and did not rule out cooperation with Poland’s four biggest and state-run energy groups.

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Slovenia

Slovenian pharmaceutical company Lek inaugurated new development laboratories in Ljubljana in an investment valued at EUR7.5m. The labs are to develop sterile solid dosage forms to treat cancer patients.

“The new investment would allow Lek to develop the whole portfolio of oncology medications,” Matjaž Tršek, director of Lek’s development center said.

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What’s up in indexes

BET (of Bucharest) decreased from 9249.53 index points Monday, September 9th to 9252.86 index points Tuesday, September 10th. It’s down 0.10 per cent d/d and up 11.1 per cent y/y.

BUX (of Budapest) decreased from 40485.00 index points Monday, September 9th to 39957.00 index points Tuesday, September 10th. It’s down 1.30 per cent d/d and up 7.40 per cent y/y.

OMXR (of Riga) decreased from 1021.13 index points Monday, September 9th to 1011.37 index points Tuesday, September 10th. It’s down 0.96 per cent d/d and up 6.22 per cent y/y.

OMXT (of Tallinn) decreased from 1231.25 index points Monday, September 9th to 1226.89 index points Tuesday, September 10th. It’s down 0.35 per cent d/d and down 0.04 per cent y/y.

OMXV (of Vilnius) decreased from 685.10 index points Monday, September 9th to 684.71 index points Tuesday, September 10th. It’s down 0.06 per cent d/d and down 1.32 per cent y/y.

PX (of Prague) increased from 1033.49 index points Monday, September 9th to 1035.04 index points Tuesday, September 10th. It’s up 0.15 per cent d/d and down 4.42 per cent y/y.

RTS (of Moscow) increased from 1340.14 index points Monday, September 9th to 1343.95 index points Tuesday, September 10th. It’s up 0.28 per cent d/d and up 28.8 per cent y/y.

SAX (of Bratislava) increased from 345.09 index points Monday, September 9th to 347.44 index points Tuesday, September 10th. It’s up 0.68 per cent d/d and up 3.75 per cent y/y.

SOFIX (of Sofia) increased from 573.00 index points Monday, September 9th to 576.20 index points Tuesday, September 10th. It’s up 0.44 per cent d/d and down 8.37 per cent y/y.

UX (of Kyiv) decreased from 1545.01 index points Monday, September 9th to 1537.97 index points Tuesday, September 10th. It’s down 0.46 per cent d/d and down 5.51 per cent y/y.

WIG20 (of Warsaw) increased from 2174.41 index points Monday, September 9th to 2187.80 index points Tuesday, September 10th. It’s up 0.62 per cent d/d and down 3.66 per cent y/y.

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