Warsaw Stock Exchange has a new CEO

Rafał Antczak, the CEO of WSE (on the right) (PISM, CC BY-NC-ND)

Belarus increases tariffs for oil transit

In 2016 car market in Ukraine was up 39 per cent

IMF might reevaluate the finance program for Moldova

Poland

Rafał Antczak, an economist, was appointed as the new CEO of the Warsaw Stock Exchange.

Antczak graduated from the Department of Economic Sciences of the University of Warsaw and the Comprehensive Course in Market Economics at the Joint Vienna Institute (1997). Since October 2008, he worked with Deloitte Consulting S.A. as the Management Board Member responsible for research, micro and macroeconomic projections, strategic and business consulting.

The WSE company is more than 50 per cent controlled by the state. There are 384 companies listed on the main market which capitalization is EUR 253.9m.

>>More

Belarus

Belarus increases tariffs for the oil transit via its territory as of February 1st, announced the Belarusian Ministry of Antimonopoly Regulation and Trade. According to the statement, tariffs for the oil transit via the pipelines of JSC “Gomeltransneft Druzhba” from Unecha to Adamova Zastava will be raised from USD4.43 per net ton to USD4.77.

>>More

Ukraine

The sales of new passenger cars in Ukraine in 2016 increased by 39 per cent y/y, to 64.478 units, AUTO-Consulting informed. In December 2016 car sales rose by 33 per cent y/y and it was a new record for the past three years.

According to AUTO-Consulting, the leader of the new car market with a market share of 11.76 per cent was Toyota, which managed to increase sales by 58 per cent, to 7,583 units. The second was Renault followed by Volkswagen and Skoda.

>>More

Moldova

Armine Khachatryan, the representative of the International Monetary Fund in Moldova, said that if payment to National Bank for unpaid loans is canceled then IMF might reevaluate the finance program.

Moldova’s President Igor Dodon proposed to cancel the law on the state obligations issued in November 2014 and April 2015 for the payment to the National Bank of Moldova of loans unpaid back by the three failed banks, Banca de Economii, Banca Socială, Unibank.

According to Moldova.org Khachatryan says the law on the conversion of government bonds issued to the National Bank of Moldova in 2014-2015 into state debt was one of the preliminary actions necessary for the IMF’s finance program. The main goal was to recover the financial assets of the Moldovan National Bank. He added that “In case some engagements, that are linked to ensuring the objectives in the program, are canceled, we will have to reevaluate if the major objectives of the program can be achieved.”

The IMF and Moldova have been struggling to agree on a USD178,7m finance program which has started in November 2016.

>>More

What’s up in indexes

BUX (of Budapest) increased from 32,099 32169.13 index points Tuesday, January 3rd to 32,649.04 index points Wednesday, January 4th. It was up 1.49 per cent d/d and 36.83 per cent y/y.

BET (of Bucharest) increased from 7,164.35 index points Tuesday, January 3rd to 7,215.49 index points Wednesday, January 4th. It was up 0.17 per cent d/d and 5.07 per cent y/y.

PX (of Prague) increased from 932.86 index points Tuesday, January 3rd to 934.21 index points Wednesday, January 4th. It was up 0.14 per cent d/d and down 0.73 per cent y/y.

WIG20 (of Warsaw) increased from 1,989.64 index points Tuesday, January 3rd to 1,999.93 index points Wednesday, January 4th. It was up 0.52 per cent d/d and up 11.60 per cent y/y.

OMXT (of Tallinn) increased from 1,081.77 index points Tuesday, January 3rd to 1,083.62 index points Wednesday, January 4th. It was up 0.17 per cent d/d and up 21.52 per cent y/y.

OMXR (of Riga) increased from 731.04 index points Tuesday, January 3rd to 736.53 index points Wednesday, January 4th. It was up 0.75 per cent d/d and 23.62 per cent y/y.

OMXV (of Vilnius) increased from 563.11 index points Tuesday, January 3rd to 565.80 index points Wednesday, January 4th. It was up 0.48 per cent d/d and up 16.55 per cent y/y.

SAX (of Bratislava) has not changed and was 318.63 index points Wednesday, January 4th. It was up 10.00 per cent y/y.

SOFIX (of Sofia) increased from 587.10 index points Tuesday, January 3rd to 588.99 index points Wednesday, January 4th. It was up 0.32 per cent d/d and 28.78 per cent y/y.

UX (of Kiev) increased from 795.84 index points Friday, December 30th to 797.22 index points Wednesday, January 4th. It was up 0.17 per cent d/d and 16.84 per cent y/y/

CROBEX (of Zagreb) decreased from 2,025.19 index points Tuesday, January 3rd to 2,022.98 index points Wednesday, January 4th. It was down 0.11 per cent d/d and up 21.74 per cent y/y

Share this post

TOP