Balticconnector’s offshore pipeline is ready

(Baltic Connector Oy, Public domain)

Hungary set to start talks on joining Eurasian Development Bank

Aeroflot reports revenue increase 12.4 per cent y/y

Estonia

The final phase of the Balticconnector pipeline has been completed and filled with natural gas, as a result of which, for the first time in history, Finish and Estonian gas networks are linked and the two-way transport of gas between them made possible, Estonian state news agency ERR informed. “Balticconnector will be in commercial use in January 2020,” Tom Främling, Project Director of Baltic Connector Oy announced.

The Estonian-Finnish gas pipeline, together with the strengthening of the Estonian-Latvian pipeline, will cost some EUR300m, more than EUR200m of which is being co-financed by the European Union.

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Hungary

“Budapest is expected to join the Eurasian Development Bank (EDB) in 2020 and is ready to discuss its entry procedures with the bank’s member states,” Hungarian Finance Minister Mihaly Varga said, following a meeting with the EDB management. “Hungary is confident that joining EDB will open new opportunities for cooperation. This is especially important, given the fact that we are talking about two particularly intensively developing regions, first of all, Eurasian and Central-Eastern European,” Mr. Varga added.

The EDB was established by Russia and Kazakhstan in 2006 “to promote economic growth in its member states, extend trade and economic ties among them, and support integration in Eurasia through investment.”

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Russia

Russian national airline, Aeroflot reported improving Q3’19 results and announced that it had won two awards, the so-called travel industry Oscars, for the best airline brand and the best business class service, the company informed. Aeroflot Group has reported that its revenues have increased by 12.4 per cent y/y to RUB524m (EUR7m) for the first nine months of 2019.

“These results were achieved through the development of our revenue and expense management initiatives, launching new services to improve passenger comfort and maintaining strict cost control,” Andrey Chikhanchin, PJSC Aeroflot Deputy CEO for Commerce and Finance commented.

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What’s up in indexes

BET (of Bucharest) increased from 9864.86 index points Thursday, November 28th to 9886.93 index points Friday, November 29th. It’s up 0.18 per cent d/d and up 14.1 per cent y/y.

BUX (of Budapest) decreased from 43800.00 index points Thursday, November 28th to 43704.85 index points Friday, November 29th. It’s down 0.22 per cent d/d and up 9.64 per cent y/y.

OMXR (of Riga) increased from 1031.75 index points Thursday, November 28th to 1044.95 index points Friday, November 29th. It’s up 1.28 per cent d/d and up 11.0 per cent y/y.

OMXT (of Tallinn) decreased from 1265.27 index points Thursday, November 28th to 1264.98 index points Friday, November 29th. It’s down 0.02 per cent d/d and up 4.39 per cent y/y.

OMXV (of Vilnius) increased from 709.40 index points Thursday, November 28th to 709.59 index points Friday, November 29th. It’s up 0.03 per cent d/d and up 11.2 per cent y/y.

PX (of Prague) decreased from 1083.82 index points Thursday, November 28th to 1080.75 index points Friday, November 29th. It’s down 0.28 per cent d/d and up 1.41 per cent y/y.

RTS (of Moscow) decreased from 1439.18 index points Thursday, November 28th to 1438.45 index points Friday, November 29th. It’s down 0.05 per cent d/d and up 26.0 per cent y/y.

SAX (of Bratislava) closed at 343.48 index points Friday, November 29th. It’s the same result as Thursday’s. It’s 0 per cent change d/d and up 4.21 per cent y/y.

SOFIX (of Sofia) increased from 543.30 index points Thursday, November 28th to 546.57 index points Friday, November 29th. It’s up 0.59 per cent d/d and down 7.63 per cent y/y.

UX (of Kyiv) increased from 1485.23 index points Thursday, November 28th to 1492.59 index points Friday, November 29th. It’s up 0.50 per cent d/d and down 14.13 per cent y/y.

WIG20 (of Warsaw) decreased from 2169.09 index points Thursday, November 28th to 2158.94 index points Friday, November 29th. It’s down 0.47 per cent d/d and down 6.27 per cent y/y.

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