V4 countries will build high-speed railways

(Pxhere, Public domain)

Ukraine: profits of top 100 state-owned companies up 38.5 per cent

Cooperation between Baltic states and the Nordic Energy Research

Visegrad Group

The Polish Radio informs that a high-speed railway between Poland, Czech Republic, Hungary and Slovakia will be constructed. As reported, the infrastructure ministers of the V4 (Visegrad Group) countries met in Slovak Štrbské Pleso to announce their plans of establishing a working group and preparing a feasibility study for the project.

The new infrastructure will allow trains to travel at speeds ranging from 250 to 350 km/h in the region. The journey from Warsaw to Budapest will take just over 3 hours (instead of 12 nowadays).

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Ukraine

The top 100 state-owned Ukrainian companies improved their results in 2017. Interfax reports, after the Ministry of Economic Development and Trade, that their profits grew by 38.5 per cent y/y, up to UAH44.4bn (EUR1.3bn). As reported, 88.5 per cent of the amount was the profit of Natoghaz Ukrainy.

The total value of the assets of state-owned companies increased by 5 per cent y/y in 2017. It reached UAH1.509 trillion.

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Latvia and Estonia

The two countries signed an agreement on launching an energy research program worth EUR2.4m. According to the Baltic Course this is an initiative between the Nordic Energy Research (an organization under the auspices of the Nordic Council of Ministers) and the governments of Latvia and Estonia.

The Baltic Course quotes Hans Jorgen Koch, the CEO of the Nordic Energy Research: “By launching this initiative we have taken an important step in creating a better exchange of ideas and knowledge between the Nordics and Baltics. This co-operation will be vital if both regions are to remain globally competitive and energy-secure in the years to come”.

The aims of the program are: promoting intra-Baltic and Baltic-Nordic energy research projects with participation of Baltic researchers; creating a Baltic-Nordic doctorate program; and fostering an exchange of energy research between the Baltic and the Nordic countries.

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What’s up in indexes

BET (of Bucharest) increased from 8,412.72 index points Friday, September 28th to 8,432.72 index points Monday, October 1st. It’s up 0.15 per cent d/d and up 6.82 per cent y/y.

BUX (of Budapest) decreased from 37,171.41 index points Friday, September 28th to 36,883.00 index points Monday, October 1st. It’s down 0.78 per cent d/d and down 2.30 per cent y/y.

CROBEX (of Zagreb) decreased from 1,782.15 index points Friday, September 28th to 1,781.36 index points Monday, October 1st. It’s down 0.04 per cent d/d and up 0.76 per cent y/y.

OMXR (of Riga) decreased from 977.91 index points Friday, September 28th to 975.69 index points Monday, October 1st. It’s down 0.23 per cent d/d and down 2.30 per cent y/y.

OMXT (of Tallinn) increased from 1,215.84 index points Friday, September 28th to 1,218.55 index points Monday, October 1st. It’s up 0.22 per cent d/d and up 0.45 per cent y/y.

OMXV (of Vilnius) decreased from 689.27 index points Friday, September 28th to 685.26 index points Monday, October 1st. It’s down 0.58 per cent d/d and up 6.43 per cent y/y.

PX (of Prague) decreased from 1,101.92 index points Thursday, September 27th to 1,098.21 index points Monday, October 1st. It’s down 0.34 per cent d/d up 4.52 per cent y/y.

SAX (of Bratislava) decreased from 331.38 index points Friday, September 28th to 329.01 index points Monday, October 1st. It’s down 0.72 per cent d/d and up 3.53 per cent y/y.

SOFIX (of Sofia) increased from 624.39 index points Friday, September 28th to 625.74 index points Monday, October 1st. It’s up 0.22 per cent d/d and down 9.02 per cent y/y.

UX (of Kyiv) increased from 1,657.65 index points Friday, September 28th to 1,657.95 index points Monday, October 1st. It’s up 0.02 per cent d/d and up 35.97 per cent y/y.

WIG20 (of Warsaw) decreased from 2,285.11 index points Friday, September 28th to 2,284.01 index points Monday, October 1st. It’s down 0.05 per cent d/d and down 7.51 per cent y/y.

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