Wizz Air as the best low-cost airline in the CSE region

(Bruno Geiger, CC BY-NC)

Ukraine imposes new sanctions on Russia

Chinese company acquires Serbian bus manufacturer

Hungary

Hungary’s Wizz Air, one of Europe’s fastest growing low-cost airline, was named “2018 The Best Low-Cost Airline of the Year in the CSE region”. The CESAAR awards are among the most prestigious prizes of the aviation industry in the Central and Southeast Europe. Wizz Air won the award because of its excellent performance, service and strong network expansion, the company informed on its website.

Also the founder and CEO of Wizz Air, Jozsef Varadi, was named “The CEO of the Year in the CSE” by jury of industry experts and media representatives. The ceremony took place in Poznan, Poland.

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Ukraine

Ukraine has imposed sanctions on hundreds of individuals and entities for their role in the conflict between Ukraine and Russia over the Crimea region and the war in eastern Ukraine, Ukrinform News Agency informed.

President Petro Poroshenko signed sanctions imposed on 294 legal entities and 848 individuals, among them Oleksandr Yanukovych’s MAKO Holding, EN+ Group and a number of companies linked to Oleg Deripaska. The sanctions also target the Ukrainian subsidiaries of the Russian state banks Sberbank, VEB and VTB.

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Serbia

In June 2019, Chinese bus manufacturer, Yin Long Group is expected to acquire 51 per cent of stake of Serbian bus maker, Ikarbus, and plans to start manufacturing electric buses there. 26 per cent will remain state-owned and the rest will be in hands of minority shareholders, Tanjug News Agency reported.

“Yinlong will retain the existing product range and extend it to electric vehicles, which it first plans to offer to southeast European countries and then to the rest of Europe,” Ikarbus CEO Aleksandar Vicentic informed.

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What’s up in indexes

BET (of Bucharest) decreased from 8070.48 index points Thursday, March 21st to 8031.50 index points Friday, March 22nd. It’s down 0.20 per cent d/d and down 7.08 per cent y/y.

BUX (of Budapest) decreased from 41956.00 index points Thursday, March 21st to 41931.67 index points Friday, March 22nd. It’s down 0.06 per cent d/d and up 12.3 per cent y/y.

CROBEX (of Zagreb) increased from 1,774.12 index points Thursday, March 21st to 1,775.12 index points Friday, March 22nd. It’s up 0.34 per cent d/d and down 0.95 per cent y/y.

OMXR (of Riga) decreased from 978.17 index points Thursday, March 21st to 977.73 index points Friday, March 22nd. It’s down 0.04 per cent d/d and down 5.84 per cent y/y.

OMXT (of Tallinn) increased from 1236.32 index points Thursday, March 21st to 1237.21 index points Friday, March 22nd. It’s up 0.07 per cent d/d and down 5.82 per cent y/y.

OMXV (of Vilnius) increased from 658.33 index points Thursday, March 21st to 658.64 index points Friday, March 22nd. It’s up 0.05 per cent d/d and down 5.29 per cent y/y.

PX (of Prague) increased from 1078.39 index points Thursday, March 21st to 1079.35 index points Friday, March 22nd. It’s up 0.09 per cent d/d and down 3.52 per cent y/y.

SAX (of Bratislava) increased from 345.32 index points Thursday, March 21st to 347.22 index points Friday, March 22nd. It’s up 0.55 per cent d/d and up 1.99 per cent y/y.

SOFIX (of Sofia) decreased from 585.90 index points Thursday, March 21st to 582.34 index points Friday, March 22nd. It’s down 0.62 per cent d/d and down 12.78 per cent y/y.

UX (of Kyiv) increased from 1701.29 index points Thursday, March 21st to 1707.17 index points Friday, March 22nd. It’s up 0.35 per cent d/d and up 2.96 per cent y/y.

WIG20 (of Warsaw) decreased from 2359.02 index points Thursday, March 21st to 2319.10 index points Friday, March 22nd. It’s down 1.69 per cent d/d and up 1.98 per cent y/y.

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