V4 Group will provide Italy with EUR35m to manage migration crisis

V4 meeting in Brussels, December 2017 (Kancelaria Premiera, Public domain)

Hungarian MOL with car-sharing service

Bucharest: EUR22m for electric buses

Visegrad Group

The four countries that oppose the concept of relocation system of refugees: Poland, Hungary, Slovakia and the Czech Republic, will provide EUR9m each “to support Italy in an implementation of projects aimed at stopping illegal migration from Libya”. The initiative was announced during the meeting of the Prime Ministers of the Visegrad Group (V4) and Italian Prime Minister Paolo Gentiloni.

The idea was warmly welcomed by the head of the European Commission (EC) Jean-Claude Juncker.

EU has already spent EUR46m on the first phase of the so-called “border management program”. The amount provided by the V4 Group will finance the second phase.

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Hungary

Hungarian oil&gas giant MOL diversifies its business. As the Budapest Business Journal reports, the company will launch a new car-sharing service. It will be called MOL-Limo and it will offer 300 cars – including 100 electric units. As the company announces, the fleet will be expanded by 100 units every year till 2021. By 2021 all cars will be electric ones.

Deloitte, an advisory firm, shows it its report that “car-sharing has continuously seen double-digit growth over the last few years, especially in bigger cities”. Europe represents over 50 per cent of the global car sharing market. In 2016 there were 68,000 cars available for 5.8 million users.

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Romania

Bucharest City Hall plans to buy 42 electric buses. Romania Insider reports on the details of the planned purchase. The producer should provide 8 years guarantee. The buses should be 12-meter long with floor totally lowered, and should be equipped with air conditioning and heating. They should also have all facilities required for disabled people.

The city wants to spend EUR22m without VAT for the purchase. The Bucharest General Council will vote a feasibility plan that includes the purchase next after December 18th.

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What’s up in indexes

BET (of Bucharest) increased from 7,538.38 index points Wednesday, December 13th to 7,587.26 index points Thursday, December 14th. It’s up 0.65 per cent d/d and up 8.24 per cent y/y.

BUX (of Budapest) increased from 38,228.16 index points Wednesday, December 13th to 38,616.19 index points Thursday, December 14th. It’s up 1.02 per cent d/d and up 23.08 per cent y/y.

CROBEX (of Zagreb) increased from 1,857.53 index points Wednesday, December 13th to 1,859.76 index points Thursday, December 14th. It’s up 0.12 per cent d/d and down 2.92 per cent y/y.

OMXR (of Riga) decreased from 1,025.04 index points Wednesday, December 13th to 1,008.57 index points Thursday, December 14th. It’s down 1.61 per cent d/d and up 37.57 per cent y/y.

OMXT (of Tallinn) increased from 1,187.36 index points Wednesday, December 13th to 1,189.27 index points Thursday, December 14th. It’s up 0.16 per cent d/d and up 13.78 per cent y/y.

OMXV (of Vilnius) decreased from 655.75 index points Wednesday, December 13th to 650.53 index points Thursday, December 14th. It’s down 0.80 per cent d/d and up 16.39 per cent y/y.

PX (of Prague) increased from 1,059.92 index points Wednesday, December 13th to 1,065.42 index points Thursday, December 14th. It’s up 0.52 per cent d/d and up 17.98 per cent y/y.

SAX (of Bratislava) closed at 325.16 index points Thursday, December 14th. It’s the same result as Wednesday’s. It’s 0 per cent change d/d and up 3.88 per cent y/y.

SOFIX (of Sofia) decreased from 666.74 index points Wednesday, December 13th to 663.57 index points Thursday, December 14th. It’s down 0.48 per cent d/d and up 13.83 per cent y/y.

UX (of Kyiv) increased from 1,290.24 index points Wednesday, December 13th to 1,298.03 index points Thursday, December 14th. It’s up 0.60 per cent d/d and up 66.92 per cent y/y.

WIG20 (of Warsaw) increased from 2,409.46 index points Wednesday, December 13th to 2,434.61 index points Thursday, December 14th. It’s up 1.04 per cent d/d and up 25.83 per cent y/y.

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