Ukraine will test a new cargo train to Iran

Cargo terminal, Odessa, Ukraine (Dmytrok, CC BY-ND)

Poland’s GTC with EUR64m credit for an investment in Serbia

Germans will help reforming Moldova

Ukraine

Interfax reports Ukraine will launch a test train to transport agricultural products to Iran. It is supposed to start operating this summer and should establish a good cooperation between two countries. The other goal for the railway is to become “a reliable transit” between the European and Asian countries.

Furthermore establishing the train connection between Ukraine and Iran would allow transportation of Iranian oil to Ukraine.

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Poland and Serbia

Ada Mall will be a 34,400 sqm retail space in Belgrade, situated in Cukarica, just in front of Ada Ciganlija, island on the Danube river. It will be the first Polish retail investment done by a real estate developer Globe Trade Centre (GTC) in Serbia. The opening is scheduled for autumn 2018.

SEENews Corporate Wire reports GTC, which is also present in Croatia, Romania and Bulgaria, wants to offer an exceptional retail space. The portal quotes Thomas Kurzmann, the CEO of GTC, saying: “Ada Mall was designed to provide its visitors with a unique Belgradian shopping experience”.

As reported, the company got financing of EUR64m for the project from three banks: Banca Intesa Beograd, Vseobecna uverova banka (VUB) and Privredna banka Zagreb (PBZ).

GTC has already completed construction of five office buildings in Belgrade.

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Moldova

IPN.md about German-Moldovan cooperation in the field of labor migration, labor legislation, fiscal policy and industrialization. German officials will also try to boost foreign investment in Moldova. Those are conclusions after the meeting of Moldovan Minister of Economy Octavian Calmac with the representatives of the Germany Embassy and German Agency for International Cooperation (GIZ).

The Ministry of Economy announced that according to the German side, the FDI is increasing. 1,900 new jobs were created in 2016 and 2017, and another 4,000 will be created.

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What’s up in indexes

BET (of Bucharest) increased from 8,196.11 index points Wednesday, April 19th to 8,209.66 index points Thursday, April 20th. It’s up 0.14 per cent d/d and up 24.73 per cent y/y.

BUX (of Budapest) increased from 32,688.09 index points Wednesday, April 19th to 32,995.02 index points Thursday, April 20th. It’s up 0.82 per cent d/d and up 21.19 per cent y/y.

CROBEX (of Zagreb) decreased from 1,962.10 index points Wednesday, April 19th to 1,949.77 index points Thursday, April 20th. It’s down 0.63 per cent d/d and up 18.20 per cent y/y.

OMXR (of Riga) increased from 801.23 index points Wednesday, April 19th to 802.84 index points Thursday, April 20th. It’s up 0.20 per cent d/d and up 27.64 per cent y/y.

OMXT (of Tallinn) increased from 1,115.38 index points Wednesday, April 19th to 1,116.25 index points Thursday, April 20th. It’s up 0.08 per cent d/d and up 14.95 per cent y/y.

OMXV (of Vilnius) increased from 575.52 index points Wednesday, April 19th to 575.47 index points Thursday, April 20th. It’s down 0.01 per cent d/d and up 14.56 per cent y/y.

PX (of Prague) increased from 967.54 index points Wednesday, April 19th to 975.19 index points Thursday, April 20th. It’s up 0.79 per cent d/d and up 6.35 per cent from year-end.

SAX (of Bratislava) increased from 304.84 index points Wednesday, April 19th to 308.44 index points Thursday, April 20th. It’s up 1.18 per cent d/d and down 5.76 per cent y/y.

SOFIX (of Sofia) decreased from 658.61 index points Wednesday, April 19th to 653.62 index points Thursday, April 20th. It’s down 0.76 per cent d/d and up 50.87 per cent y/y.

UX (of Kyiv) decreased from 1,046.47 index points Wednesday, April 19th to 1,036.86 index points Thursday, April 20th. It’s up 0.92 per cent d/d and up 69.97 per cent y/y.

WIG20 (of Warsaw) increased from 2,274.69 index points Wednesday, April 19th to 2,285.82 index points Thursday, April 20th. So it’s up 0.49 per cent d/d and up 16.45 per cent y/y.

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