ECONOMIC BRIEFS

Slovak companies join CESI index

Eight Slovak companies will join the Central European Stock Index (CESI), a daily service provided by the Budapest Stock Exchange, on October 31. CESI currently lists companies from the Czech Republic, Poland and Hungary, but that will be expanded to include ten Slovenian corporations and the following Slovak firms: Slovnaft, VSŽ Košice, VÚB, Nafta Gbely, IRB, Chemolak Smolenice, Biotika Slovenská Ľupča and Plastika Nitra. Altogether, 73 joint stock companies will make up CESI index's base, which held 76 percent of the total market capitalization of CEFTA capital markets as of September 31. Total market capitalization of Slovak companies in the index is $1.369 billion, or 6.3 percent of the index's total market capitalization. Here's a breakdown of all countries' market capitalization:

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