V4 to support Western Balkans in EU accession bid

V4 and Western Balkans meeting, Prague, Czech Republic (Kristian Maj/KPRM, Public domain)

Estonia leads CSE in economic freedom ranking

Porsche will build technological center in Slovakia

Czech Republic

Prime Ministers of Visegrad Group (V4) — Czech Republic, Slovakia, Poland and Hungary — met in Prague to focus on EU enlargement, energy security and the next EU budget after 2020. The meeting was also attended by the heads of government of Western Balkans countries (Serbia, North Macedonia, Montenegro, Albania, and Bosnia and Herzegovina).

“We welcome the possibility to reopen negotiations with Albania and North Macedonia in October, while we hope to accelerate negotiations with Serbia and Montenegro so that all these countries could become EU members before the end of 2027”, Czech PM Andrej Babiš said.

The PMs also discussed energy security as Ukraine’s contract with Russia for natural gas transmission expires in January and the region will have to diversify its energy supplies. “That’s why we are in favor of completing the gas infrastructure between Slovakia and Hungary,” Slovak PM Peter Pellegrini stressed.

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Estonia

Estonia has the greatest degree of economic freedom among the CSE countries, the Fraser Institute, Canadian public policy think tank, said in its 2019 annual report on economic freedom in the world.

Estonia ranked the 15th among 162 countries, Lithuania 16th, Czech Republic 22nd, Latvia 24th, Slovakia 40th, Hungary 54th, Croatia 56th, Poland 59th and Russia 85th.

The ranking measures the degree of economic freedom in five areas — government expenditures, taxes, enterprises; legal structure and security of property rights; access to sound money; freedom to trade internationally; and regulation of credit, labor, and business.

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Slovakia

Porsche will build a EUR13.59m technological center for the automation and robotization of the automotive industry in the municipality of Horná Streda, near the western-Slovak town of Pieštany, ČTK newswire reported. The center is projected to employ 34 people.

The Economy Ministry proposed granting the German carmaker EUR2m as an investment stimuli, ČTK added. 

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What’s up in indexes

BET (of Bucharest) decreased from 9237.20 index points Wednesday, September 11th to 9204.23 index points Thursday, September 12th. It’s down 0.46 per cent d/d and up 11.4 per cent y/y.

BUX (of Budapest) decreased from 40203.00 index points Wednesday, September 11th to 40067.00 index points Thursday, September 12th. It’s down 0.34 per cent d/d and up 11.0 per cent y/y.

OMXR (of Riga) increased from 1017.26 index points Wednesday, September 11th to 1029.16 index points Thursday, September 12th. It’s up 1.17 per cent d/d and up 5.30 per cent y/y.

OMXT (of Tallinn) decreased from 1229.66 index points Wednesday, September 11th to 1223.57 index points Thursday, September 12th. It’s down 0.50 per cent d/d and up 0.52 per cent y/y.

OMXV (of Vilnius) increased from 685.76 index points Wednesday, September 11th to 690.11 index points Thursday, September 12th. It’s up 0.63 per cent d/d and down 0.28 per cent y/y.

PX (of Prague) increased from 1043.57 index points Wednesday, September 11th to 1049.42 index points Thursday, September 12th. It’s up 0.56 per cent d/d and down 3.66 per cent y/y.

RTS (of Moscow) increased from 1354.68 index points Wednesday, September 11th to 1361.05 index points Thursday, September 12th. It’s up 0.47 per cent d/d and up 27.0 per cent y/y.

SAX (of Bratislava) decreased from 347.44 index points Wednesday, September 11th to 345.72 index points Thursday, September 12th. It’s down 0.50 per cent d/d and up 3.90 per cent y/y.

SOFIX (of Sofia) decreased from 578.20 index points Wednesday, September 11th to 578.00 index points Thursday, September 12th. It’s down 0.04 per cent d/d and down 8.46 per cent y/y.

UX (of Kyiv) increased from 1551.92 index points Wednesday, September 11th to 1556.69 index points Thursday, September 12th. It’s up 0.31 per cent d/d and down 4.65 per cent y/y.

WIG20 (of Warsaw) decreased from 2189.21 index points Wednesday, September 11th to 2189.07 index points Thursday, September 12th. It’s down 0.01 per cent d/d and down 0.95 per cent y/y.

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