Ursula von der Leyen elected to lead the European Commission

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

European Union

Ursula von der Leyen has been confirmed by European Parliament as the European Commission’s first female president and the first German in the job for more than 50 years. In a ballot, MEPs voted narrowly to support the German defense minister as a replacement for Jean-Claude Juncker, when he steps down on October 31st.

In her speech to the European Parliament Ms. Von der Leyen committed to an establishment of a pan-EU guarantee of free healthcare and education for every child. “I know as a mother of seven that it makes a difference for their entire life if children have access to education, sports, music, healthy food and to a loving environment”, she said.

She also pledged to establish an EU-wide minimum wage, a fund to prop up national welfare systems in the case of an economic crisis and to ensure flexibility in the tax and spending restraints in Eurozone countries.

Read the full speech

Poland

By the end of 2018, nearly PLN119.2bn (EUR27.9bn) was invested in special economic zones (SEZ) since their establishment, the Entrepreneurship Ministry informed. Under the New Investment Support Act, passed in May 2018, the territory of Poland, where economic activity is conducted, is classified as a special economic zone. By the end of 2018, investors employed over 379,000 persons in all SEZs, 7.4 per cent increase y/y.

23.3 per cent of invested capital came from Poland, 19.4 per cent from Germany, 7.65 per cent from the Netherlands, 5.9 per cent from Luxembourg and 5.7 per cent from USA.

The majority of investments were made in the Legnica Economic Zone, southwestern Poland, and the Katowice Economic Zone, southern Poland.

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Czech Republic and Hungary

The Extreme Light Infrastructure Attosecond Light Pulse Source (ELI-ALPS) laser research center in Szeged (southern Hungary) and an ELI center in Dolní Břežany (near Prague) will form a European Research Infrastructure Consortium (ERIC), which is expected to start operating in January 2020. It is the first project of the European Strategy Forum on Research Infrastructures to be fully implemented in the new EU member states.

The ELI research facilities in Szeged and in Dolní Břežany, on the outskirts of Prague, offer excellent conditions for researchers in a number of sciences in addition to physics and biochemistry,  said Hungarian Minister for Innovation and Technology, László Palkovics.

Italy is expected to join as the first, and a number of other countries, such as Germany, France, and the UK, are also interested in the ERIC.

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What’s up in indexes

BET (of Bucharest) increased from 9129.54 index points Monday, July 15th to 9140.94 index points Tuesday, July 16th. It’s up 0.08 per cent d/d and up 14.5 per cent y/y.

BUX (of Budapest) increased from 40725.00 index points Monday, July 15th to 40879.00 index points Tuesday, July 16th. It’s up 0.38 per cent d/d and up 15.9 per cent y/y.

OMXR (of Riga) increased from 1009.46 index points Monday, July 15th to 1019.27 index points Tuesday, July 16th. It’s up 0.97 per cent d/d and down 0.34 per cent y/y.

OMXT (of Tallinn) increased from 1274.36 index points Monday, July 15th to 1274.77 index points Tuesday, July 16th. It’s up 0.03 per cent d/d and up 1.20 per cent y/y.

OMXV (of Vilnius) decreased from 685.22 index points Monday, July 15th to 683.70 index points Tuesday, July 16th. It’s down 0.22 per cent d/d and down 4.54 per cent y/y.

PX (of Prague) increased from 1056.65 index points Monday, July 15th to 1057.73 index points Tuesday, July 16th. It’s up 0.10 per cent d/d and down 2.80 per cent y/y.

RTS (of Moscow) decreased from 1386.52 index points Monday, July 15th to 1382.09 index points Tuesday, July 16th. It’s down 0.32 per cent d/d and up 17.1 per cent y/y.

SAX (of Bratislava) increased from 344.27 index points Monday, July 15th to 349.00 index points Tuesday, July 16th. It’s up 1.37 per cent d/d and up 1.91 per cent y/y.

SOFIX (of Sofia) decreased from 579.80 index points Monday, July 15th to 578.50 index points Tuesday, July 16th. It’s down 0.23 per cent d/d and down 7.27 per cent y/y.

UX (of Kyiv) closed at 1594.41 index points Tuesday, July 15th. It’s the same result as Monday’s. It’s 0 per cent change d/d and up 0.12 per cent y/y.

WIG20 (of Warsaw) decreased from 2324.21 index points Monday, July 15th to 2321.52 index points Tuesday, July 16th. It’s down 0.12 per cent d/d and up 8.79 per cent y/y.

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