Polish investment agency with offices in major world’s regions

Warsaw, Poland (Poland’s MFA, CC BY-NC)

Moldova: President-elect Dodon re-introduces the Economic Council

The Czech Republic may get a lot of rum from Cuba

Poland

The Polish Radio reports the Polish Information and Foreign Investment Agency (PAIiIZ) has targeted six regions in which it plans to open trade offices. Recently the offices have been opened in Shanghai (China), Singapore, Vietnam, Nairobi (Kenya) and Teheran (Iran).

According to the Agency’s Chairman Tomasz Pisula the Agency plans to have a total of 60 such offices worldwide which would help Polish entrepreneurs find and expand into new markets.

In 2016 PAIiIZ assisted in investments amounting to EUR1.3bn and helped create 12,000 jobs in Poland. There are 190 investments planned for the upcoming years with the value of around EUR4.2bn.

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Moldova

Igor Dodon, the newly elected President of the Republic of Moldova, has just announced beginning of works on the Presidential program for the economy. He informed that the Economic Council will be set up at the beginning of next year.

As Mr. Dodon informed on Accent TV: "For the first time in many years the President, on my initiative, will have an economic council. It will include representatives of the business community of the Republic of Moldova, our entrepreneurs and foreign investors association. I think that this institute will appear immediately after the New Year.”

Igor Dodon underlined he “did not intend to delay the decision of the primary tasks and immediately after the inauguration he was going to approve the team of the head of state, and then before the New Year a series of working meetings with representatives of government and the National Bank of Moldova will be held.”

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Czech Republic

Cuba offered to pay back EUR264m of Cold War-era debt to the Czech Republic in rum. The credit was lent to the Caribbean island by the communist Czechoslovakia. The Czech Finance Ministry says Cuban authorities have proposed to pay it back in instalments of the spirit but Michal Zurovec, spokesman for the Czech Finance Ministry, said his country would rather has the debt paid at least partly in cash. The Telegraph writes that, according to the Czech Statistics Office, the Czechs – a nation of beer drinkers – imported rum from Cuba worth over EUR1.9m last year.

If that proposal becomes reality, the Czechs would have enough Cuban rum for over a century.

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What’s up in indexes

BUX (of Budapest) increased from 31374.28 index points Wednesday, December 14th to 31636.19 index points Thursday, December 15th. So it’s up 0.83 per cent d/d. From year-end it’s up 32.25 per cent.

BET (of Bucharest Stock Exchange) dropped by 0.16 per cent – falling from 7009.51 index points Wednesday, December 14th to 6988.56 index points Thursday, December 15th. From year-end it dropped by 0.05 per cent.

PX (of Prague) increased from 903.02 index points Wednesday, December 14th to 911.98 index points Thursday, December 15th. It’s up 0.99 per cent d/d. From year-end it dropped by 4.64 per cent.

WIG20 (of Warsaw) dropped by 1.23 per cent d/d. It decreased from 1934.87 index points Wednesday, December 14th to 1911.16 index points Thursday, December 15th. From year-end it’s up 2.80 per cent.

OMXT (of Tallinn) increased from 1045.26 index points Wednesday, December 14th to 1050.35 index points Thursday, December 15th. So it’s up 0.49 per cent d/d and up 16.84 per cent from year-end.

OMXR (of Riga) dropped by 0.38 per cent d/d – falling from 733.15 index points Wednesday, December 14th to 730.35 index points Thursday, December 15th. From year-end it’s up 22.88 per cent.

OMXV (of Vilnius) dropped by 0.89 per cent d/d – falling from 558.92 index points Wednesday, December 14th to 553.95 index points Thursday, December 15th. From year-end it’s up 13.98 per cent.

SAX (of Bratislava) increased from 313.01 index points Wednesday, December 14th to 317.14 index points Thursday, December 15th. So it’s up 1.32 per cent d/d. From year-end it’s up 8.48 per cent.

SOFIX (of Sofia) dropped by 0.87 per cent – falling from 582.97 index points Wednesday, December 14th to 577.90 index points Thursday, December 15th. From year-end it’s up 25.39 per cent.

UX (of Kyiv) dropped by 0.98 per cent – falling from 777.63 index points Wednesday, December 14th to 770.00 index points Thursday, December 15th. From year-end it’s up 12.27 per cent.

CROBEX (of Zagreb) dropped by 1.12 per cent – falling from 1985.74 index points Wednesday, December 14th to 1963.53 index points Thursday, December 15th. From year-end it’s up 16.21 per cent.

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