New fuel charge will be introduced in Poland

(Mike Mozart, CC BY)

Lithuanians consume less

An American company takes over Romanian wine producer

Poland

Polish government will introduce new fuel charge – probably this Autumn. A special bill has already passed its first hurdle in the parliament, the Polish Radio Reports. According to the bill, a kind of “road charge” of PLN0.2 per liter of petrol, diesel, biofuels and LNG will be introduced (paid by fuel producers and importers) and the Local Roads Fund will be established. The fund will finance building and upgrading Polish roads.

As Bogdan Rzońca from the ruling party Law and Justice (PiS) comments: „There would not be a visible price hike at the petrol pump”.

The fuel prices in Poland are quite low. It is approx. EUR1.02 for Super95, while the EU average is EUR1.17.

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If you are going on holiday by car get more information about fuel prices in the EU.

Baltic States

Baltic Course publishes data on average household’s spending in Lithuania, Latvia and Estonia. It shows Lithuanian households’ spending on food, drinks, non-food products, tobacco, medical products, entertainment and fuel decreased by 2.2 per cent m/m in June 2017. At the same time Estonians’ spending on consumer goods increased by 2.01 per cent and Latvians’ increased by 2.23 per cent.

The average sum spent per store visit reached EUR11.73 (up 2.9 per cent) in Lithuania, EUR10.52 (up 4.66 per cent) in Latvia and EUR15.5 (up 4.71 per cent) in Estonia.

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Romania

American company VinDacia Holding has acquired Romanian Cramele Husi (Husi wine cellars) – one of the largest wine producers in Romania’s Moldova region. The company, established in 1954, has 3 wineries, hires about 110 people and produces 20 wine varieties. It’s most famous brands are: Busuioaca de Bohotin, Dealurile Husilor and Inima de Haiduc.

VinDacia was set up in the U.S. with the goal to take over a part of the winery industry in Romania, or to conclude a partnership .  

Romania is a renowned European producer of world-class quality wines. It is known for its sophisticated wine culture.

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What’s up in indexes

BET (of Bucharest) decreased from 8,162.60 index points Wednesday, July 12th to 8,160.99 index points Thursday, July 13th. It’s down 0.13 per cent d/d and up 24.07 per cent y/y.

BUX (of Budapest) increased from 35,872.73 index points Wednesday, July 12th to 36,143.37 index points Thursday, July 13th. It’s up 0.76 per cent d/d and up 32.92 per cent y/y.

CROBEX (of Zagreb) decreased from 1861.56 index points Wednesday, July 12th to 1854,76 index points Thursday, July 13th. It’s down 0.37 per cent and up 11.41 per cent y/y.

OMXR (of Riga) decreased from 982.00 index points Wednesday, July 12th to 979.71 index points Thursday, July 13th. It’s down 0.23 per cent d/d and up 56.33 per cent y/y.

OMXT (of Tallinn) increased from 1,182.83 index points Wednesday, July 12th to 1,190.69 index points Thursday, July 13th. It’s up 0.66 per cent d/d and up 20.46 per cent y/y.

OMXV (of Vilnius) decreased from 611.71 index points Wednesday, July 12th to 611.04 index points Thursday, July 13th. It’s down 0.11 per cent d/d and up 15.96 per cent y/y.

PX (of Prague) increased from 999.21 index points Wednesday, July 12th to 1,002.92 index points Thursday, July 13th. It’s up 0.17 per cent d/d and up 21.15 per cent y/y.

SAX (of Bratislava) closed at 334.51 index points Thursday, July 13th. It’s 0 per cent change d/d and up 8.33 per cent y/y.   

SOFIX (of Sofia) decreased from 711.17 index points Wednesday, July 12th to 709.48 index points Thursday, July 13th. It’s down 0.24 per cent d/d and up 56.46 per cent y/y.

UX (of Kyiv) decreased from 1,054.20 index points Wednesday, July 12th to 1,044.77 index points Thursday, July 13th. It’s down 0.89 per cent d/d and up 46.12 per cent y/y.

WIG20 (of Warsaw) increased from 2,341.54 index points Wednesday, July 12th to 2,350.83 index points Thursday, July 13th. It’s up 0.40 per cent d/d and up 34.78 per cent y/y.

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