Page 7 - bne_newspaper_November_09_2018

The Regions This Week
November 9, 2018 www.intellinews.com I Page 7
Central Europe
German automotive giant Volkswagen plans
to build a new plant for its Czech Skoda brand outside the Czech Republic due to staffing prob- lems, reported German daily Handelsblatt. The company named Bulgaria and Turkey as possible locations for the new plant.
Warsaw mayor Hanna Gronkiewicz-Waltz banned a planned nationalist groups’ march to celebrate Poland’s Independence Day, due on November 11, citing safety concerns and the need to stand up to fascism. Poland’s President Andrzej Duda and Prime Minister Mateusz Morawiecki im- mediately announced that they would lead a new march on the day to which they invited “all Poles.”
Hungarian no-frills airline Wizz Air reduced its H1 profit guidance from €310mn-340mn to €270mn- 310mn due to the surge in fuel prices. Higher fuel costs would have an impact of about €80mn on full-year earnings, CEO Jozsef Varadi said.
Slovak’s electric hybrid flying car premiered
in China. AeroMobil´s electric hybrid vehicle 4.0 STOL is on display at the China International Im- port Export fair in Shanghai.
Latvia is expected to post the fastest growth
in the Baltics this and next year, according to
the latest EBRD forecast. The Latvian economy will expand 3.9% in 2018 and 3.5% in 2019, while Lithuania and Estonia are expected to grow slight- ly more slowly.
Recognising same sex marriages is “impos- sible” in Lithuania, the chair of the parliament’s legal affairs committee said after the issue was raised by Interior Minister Eimutis Misiunas. Committee chair Agne Širinskiene said the con- stitution would have to be changed as it currently states that marriage is between a man and a woman.
The European Commission ordered Estonia to fully transpose the fourth anti-money launder- ing directive into national law. The order was also given to Denmark, and the two states were given two months to respond.
The Energetic and Industrial Holding Group of
Czech billionaire Daniel Kretinsky is interested in buying two of the last coal-fired power plants in France, French Daily Le Monde reported. Kre- tinsky is reportedly interested in assets of the German group Uniper operating coal-fired power stations in Gardanne and Saint-Avold.
Hungary’s booming residential property market is set to slow. The number of home building per- mits issued in Hungary fell 6.2% y/y to 26,655 in the first nine months of 2018, the Central Statis- tics Office (KSH) said.
€259mn was earmarked to buy new electric passenger trains in Latvia by the country’s out- going government. Passenger carrier Pasazieru Vilciems will be able to spend the money until 2024, the transport ministry said.
Trading volumes fell on the Warsaw Stock Exchange in October. Trading on the WSE’s main equities market totalled PLN16.5bn (€3.8bn) during the month, falling 22.6% y/y, the bourse said.
Lithuania’s international reserves fell 20.3% m/m to just under €3.9bn in October after grow- ing in the preceding month, the Bank of Lithu- ania said. Reserves of the other two Baltic states Latvia and Estonia grew.
Tourist visits to Estonia fell 2% y/y to 276,000 in September, Statistics Estonia announced on October 5. The reading follows a growth of 3% in annual terms in August.