Will Romania join Schengen area before its presidency?

Jean-Claude Juncker, the European Commission President (European Council, CC BY NC ND )

Ukraine: Cabinet boosts housing for youth

Moldovans seek to deepen their cooperation with Czechs

Romania

Romania Insider reports that the European Commission President Jean-Claude Juncker expressed his will to welcome Romania in the Schengen area before the country’s presidency of the EU. Juncker said so during Europe’s Day in Cotroceni Palace in Bucharest, Romania. He visited Romania and met with President Klaus Iohannis, Prime Minister Sorin Grindeanu and members of the Parliament.

EC’s President said he’d like the Mechanism for Cooperation and Verification (MCV, imposed on Romania before entering the EU) to be lifted. Romania Insider quotes Juncker saying: “Romania has fulfilled all the criteria, we will have to admit this and grant it the statue of Schengen member state. I do not want, as the moment comes to do this thing, that we add new criteria and new conditions to the already exiting ones like it happened a few years ago.”

Romania became a member of the European Union in 2007. The country was not ready to implement commitments undertaken duiing the accession talks in the following fields: freedom, security, justice. That’s why the MCV was invoked.

Romanian presidency of the European Council is scheduled for H1’2019.

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Ukraine

The government of Volodymyr Groysman decided to increased funding of the State Fund for the Promotion of Youth Housing Construction. Interfax reports that additional UAH28m (EUR969.000) will be injected into the Funds, so its charter capital will be now UAH301.4m.

The Fund provides long-term concessional loans for housing construction for young families. It was established in 1995. As reported, it is also “engaged in raising additional extra-budgetary resources to finance state programs of affordable housing, partial compensation and cheapening the cost of mortgage loans.”

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Czech Republic

Radio Praha informs about the visit of the Moldovan Prime Minister Pavel Filip and the Regional Development Minister Vasile Bitca in Prague. The future of business cooperation between the Czech Republic and the Republic of Moldova was discussed. As reported, Moldovans, who get Czech’s support with development aid for targeted areas, would like to deepen the relations.

Radio Praha reports that the Czech Republic is among Moldovan’s top 10 trade partners among EU countries. It became Czech’s priority target in 2010. Czech Republic provides development aid aimed at developing, among others, state institutions, social services, and environmental care. It also helps growing small and mid-sized businesses.

Moldova would like to cooperate with Czechs in the automotive and wine sector (agriculture). Radio Praha quotes Gheorge Arpentin from the Moldovan National Office for Vine and Wine: “Around 200,000 people are involved in this industry and most of those are in the countryside. We, Moldova, are the sixth biggest wine producer in Europe. After 2006 and the Russian embargo, we began to diversify and develop our market and now Moldavia has four priorities on the market and one of those is the Czech Republic. The Czech Republic is, according to the statistics, the second market for Moldovan wine in terms of volume and the third most important market in terms of total value”.

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What’s up in indexes

BET (of Bucharest) increased from 8,319.66 index points Wednesday, May 10th to 8,365.02 index points Thursday, May 11th. It’s up 0.44 per cent d/d and up 29.51 per cent y/y.

BUX (of Budapest) increased from 33,666.00 index points Wednesday, May 10th to 33,858.88 index points Thursday, May 11th. It’s up 0.57 per cent d/d and up 26.13 per cent y/y.

CROBEX (of Zagreb) decreased from 1,897.07 index points Wednesday, May 10th to 1,886.49 index points Thursday, May 11th. It’s down 0.56 per cent d/d and up 14.73 per cent y/y.

OMXR (of Riga) decreased from 831.89 index points Wednesday, May 10th to 831.58 index points Thursday, May 11th. It’s down 0.04 per cent d/d and up 30.55 per cent y/y.

OMXT (of Tallinn) decreased from 1,128.02 index points Thursday, May 11th to 1,128.02 index points Thursday, May 11th. It’s down 0.35 per cent d/d and up 13.93 per cent y/y.

OMXV (of Vilnius) increased from 586.99 index points Wednesday, May 10th to 589.35 index points Thursday, May 11th. It’s up 0.40 per cent d/d and up 15.23 per cent y/y.

PX (of Prague) increased from 1,010.02 index points Wednesday, May 10th to 1,012.81 index points Thursday, May 11th. It’s up 0.28 per cent d/d and up 16.83 per cent y/y.

The bourse of Bratislava was closed Thursday, May 11th. SAX (of Bratislava) closed at 308.16 index points Wednesday, May 10th. It’s down 5.25 percent y/y.

SOFIX (of Sofia) decreased from 658.06 index points Wednesday, May 10th to 654.25 index points Thursday, May 11th. It’s down 0.58 per cent d/d and up 48.03 per cent y/y.

UX (of Kyiv) decreased from 1,008.54 index points Wednesday, May 10th to 999.71 index points Thursday, May 11th. It’s down 0.88 per cent y/y and up 55.81 index points y/y.

WIG20 (of Warsaw) decreased from 2,380.25 index points Wednesday, May 10th to 2,364.93 index points Thursday, May 11th. It’s down 0.64 per cent d/d and up 30.08 per cent y/y.

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