Poland and the Baltics improved its positions in the World Bank’s Doing Business

(©World Bank)

Latvian hydropower plants increased production

Škoda Transportation lost a contract for trains’ manufacturing

Central and Southeast Europe

In the 2017 World Bank’s report which measures a series of indicators across 190 countries concerning the way businesses are conducted, Poland improved its results. It’s on the 24th place, one place higher than the previous year.  

The Polish Radio quotes the World Bank’s representative in Poland, Emilia Skrok, saying: “Poland is advancing in the Doing Business rankings thanks to reforms introduced by successive governments.”

The Polish Radio points out that the World Bank cited „several improvements made by Poland over the last year which contributed to advancing one place, including easier access to construction permits and new restructuring mechanisms for firms”.

The top 5 countries in Doing Business 2017 are New Zealand, Singapore, Denmark, Hong Kong and Korea Rep.

The leaders in CSE are Estonia and Latvia. Estonia improved its ranking by four places compared with the previous report – climbing to place 12th. Latvia jumped from 22nd place to 14th:

  • Estonia: 12th place
  • Latvia: 14th place
  • Lithuania: 21st place
  • Poland: 24th place
  • Czech Republic: 27th place
  • Slovenia: 30th place
  • Slovak Republic: 33th place
  • Romania: 36th place
  • Belarus: 37th place
  • Bulgaria: 39th place
  • Russian Federation: 40th place
  • Hungary: 41st place
  • Croatia: 43rd place
  • Moldova: 44th place
  • Serbia: 48th place

>>More

The full report

Latvia

The Central Statistical Bureau of Latvia informed that in the first nine months of 2016 the country’s hydropower plants generated 1.861bn kWh of electric power. It’s up 13.3 per cent y/y. In the same period of 2015 it generated 1.643bn kWh.

As the Baltic Course reports, the highest amount - 385m  kWh - was generated in April, while the smallest amount - 77 mln  kWh - was generated in January.

The portal writes: „Combined heat and power generation (cogeneration) plants generated 2.33bn kWh of electric power in the first nine months of 2016, up 9.1 per cent from January-September 2015 when the cogeneration plants generated 2.135bn kWh of electric power. The highest amount – 586m kWh - was generated in January, and the smallest amount – 178m kWh - in August.”

>>More

Czech Republic

The Prague Daily Monitor reports that Škoda Transportation has lost a contract for the delivery of 39 trains for National Express Rail (NER) worth CZK10bn (EUR370m).

NER decided to abandon the infrastructural project. The carrier originally planned to buy the trains for suburban transport in Nuremberg, Germany. ŠkodaKODA Transportation is currently analyzing the decision’s consequences.

>>More

What’s up in indexes

BUX (of Budapest) was up 0.46 per cent d/d and up 24.81 per cent from year-end. It increased from 29719.36 index points Tuesday, October 25th to 29854.68 index points Wednesday, October 26th. From year-end it’s up 24.81 per cent.

BET (of Bucharest Stock Exchange) dropped by 0.13 per cent d/d and by 3.11 per cent from year-end. It decreased from 6793.04 index points Tuesday, October 25th to 6784.09 index points Wednesday, October 26th.

PX (of Prague) dropped by 1.59 per cent d/d and by 3.88 per cent from year-end. It decreased from 934.05 index points Tuesday, October 25th to 919.18 index points Wednesday, October 26th.

WIG20 (of Warsaw) dropped by 0.33 per cent d/d and by 4.27 per cent from year-end. It decreased from 1785.59 index points Tuesday, October 25th to 1779.73 index points Wednesday, October 26th.

OMXT (of Tallinn) dropped by 0.30 per cent – falling from 1029.95 index points Tuesday, October 25th to 1026.84 index points Wednesday, October 26th. From year-end it’s up 14.22 per cent.

OMXR (of Riga) was up 1.59 per cent d/d and up 21.38 per cent from year-end. It increased from 710.18 index points Tuesday, October 25th to 721.44 index points Wednesday, October 26th.

OMXV (of Vilnius) was up 0.25 per cent d/d and up 14.00 per cent from year-end. It increased from 552.67 index points Tuesday, October 25th to 554.03 index points Wednesday, October 26th.

SAX (of Bratislava) was up 0.77 per cent d/d and up 8.05 per cent from year-end. It increased from 313.49 index points Tuesday, October 25th to index points Wednesday, October 26th.

SOFIX (of Sofia) was up 0.09 per cent d/d and up 12.40 per cent from year-end. It increased from 517.58 index points Tuesday, October 25th to index points Wednesday, October 26th.

UX (of Kyiv) dropped by 1.43 per cent d/d, falling from 837.30 index points Tuesday, October 25th to 825.35 index points Wednesday, October 26th. From year-end it’s up 20.34 per cent.

CROBEX (of Zagreb) increased from 1966.10 index points Tuesday, October 25th to 1969.94 index points Wednesday, October 26th. So it’s up 0.20 per cent d/d.

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