Ukrainian Naftogaz imports gas through its Swiss subsidiary

(Naftogaz of Ukraine, Public domain)

Hungarian central bank’s international reserves dropped

Bulgarian municipalities with overdue liabilities of BGN160m

Ukraine

The Interfax informs that in July 2017 Naftogaz Ukrainy – the national oil and gas company –  started importing gas through its Swiss subsidiary. The volume of gas delivered through Naftogaz Trading Europe S.A. amounted to 7 million cubic meters in mid-July. Naftogaz plans to import in this way 1.7 billion cubic meters of gas (20 per cent of the total plan in 2017)

As the Interfax reports, the company wants to “enter European gas hubs and exchanges, attract trade financing from European banks, optimize its portfolio of contracts and assets in the European gas market”.

>>More

Hungary

According to preliminary data from the National Bank of Hungary (MNB), in July 2017 its international reserves dropped by EUR1.54bn (from the end of June) down to EUR22.3bn.

In details – currency reserves (currency, deposits and securities) were down EUR1.143bn, while other reserve assets (financial derivates, receivables on repo transactions and loans to non-bank non-residents) dropped by EUR3.8m. Gold reserves stood at EUR107m (down EUR1.1m m/m).

Budapest Business Journal reports that the reserves fell because Hungary repaid EUR1bn sovereign bond issued in 2007 and maturing in July 2017.

>>More

Bulgaria

Novinite.com reports on Bulgarian municipalities’ overdue liabilities. As of June 30th, 2017 it amounted to BGN160m (EUR81.5m), and 142 municipalities (53.6 per cent of the total number of municipalities) were responsible for that. More than 46 per cent (123 municipalities) closed Q2’2017 without overdue budget commitments. The total budget of Bulgarian municipalities is BGN149.5m.

According to the Ministry of Finance the data “shows a relatively constant level of the average share of revenues in total revenues for the country – 43.52 per cent compared with 44.52 per cent for the same period last year and 40.07 per cent at the end of 2016”.

>>More

What’s up in indexes

BET (of Bucharest) increased from 8,326.29 index points Friday, August 4th to 8,373.74 index points Monday, August 7th. It’s up 0.54 per cent d/d and up 22.31 per cent y/y.

BUX (of Budapest) increased from 36,416.07 index points Thursday, August 3rd to 36,678.22 index points Friday, August 4th. It’s up 0.72 per cent d/d and up 33.02 per cent y/y.

CROBEX (of Zagreb) decreased from 1,892.97 index points Friday, August 4th to 1,887.56 index points Monday, August 7th. It’s down 0.29 per cent and up 6.63 per cent y/y.

OMXR (of Riga) increased from 1,003.01 index points Friday, August 4th to 1,003.98 index points Monday, August 7th. It’s up 0.10 per cent d/d and up 57.77 per cent y/y.

OMXT (of Tallinn) increased from 1,238.84 index points Friday, August 4th to 1,241.54 index points Monday, August 7th. It’s up 0.22 per cent d/d and up 22.95 per cent y/y.

OMXV (of Vilnius) increased from 632.50 index points Friday, August 4th to 634.33 index points Monday, August 7th. It’s up 0.29 per cent d/d and up 18.29 per cent y/y.

PX (of Prague) increased from 1,026.21 index points Friday, August 4th to 1,033.11 index points Monday, August 7th. It’s up 0.67 per cent d/d and up 19.80 per cent y/y.

SAX (of Bratislava) decreased from 341.07 index points Friday, August 4th to 340.61 index points Monday, August 7th. It’s down 0.13 per cent d/d and up 7.79 per cent y/y.

SOFIX (of Sofia) increased from 720.06 index points Friday, August 4th to 724.21 index points Monday, August 7th. It’s up 0.58 per cent d/d and up 58.71 per cent y/y.

UX (of Kyiv) increased from 1,139.51 index points Friday, August 4th to 1,141.29 index points Monday, August 7th. It’s up 0.16 per cent d/d and up 62.81 per cent y/y.

WIG20 (of Warsaw) increased from 2,380.16 index points Friday, August 4th to 2,388.21 index points Monday, August 7th. It’s up 0.34 per cent d/d and up 30.83 per cent y/y.