Cooperation between Poland and Hungary worth EUR8bn

Witold Waszczykowski and Peter Szijjártó (Poland’s MFA, CC BY-NC)

Ukraine reforms its energy market

Traffic in the port of Riga up 38.6 per cent Jan-May’17

Poland and Hungary

Witold Waszczykowski, Poland’s Foreign Minister met with Peter Szijjártó, Hungary’s Minister of Foreign Affairs and Trade. They discussed current European agenda and security issues, as well as economic cooperation between the two countries. Both diplomats declared their countries will be heading into deeper economic cooperation.

The current exchange of goods between Hungary and Poland amounts to EUR8bn. The top 10 Hungarian imports from Poland are electronic equipment, machinery, vehicles, furniture, plastics, copper, rubber, iron and steel, aluminium and cosmetics.

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Ukraine

In two years Ukraine is supposed to have a modern and competitive electricity market. The new law, signed by President Petro Poroshenko on June 8th, came into force on June 11th.

The law, which was supposed to be adopted in the spring 2016, introduces new market model with a number of segments, like a “day-ahead” market, the intraday market, the market of bilateral contracts, and so on. Interfax reports the new rules will be implemented during a two-year transition period.

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Latvia

271,637 people arrived and departed Latvia via the port of Riga in the period January – May 2017. It means the traffic in the largest Latvian port increased by 38.6 per cent y/y. As reported, in 2016 the number of passengers was 581,601 and it was up 10.5 per cent compared to 2015.

The Baltic Course informs that as much as 255,400 passengers were served on the Tallink ferry (Riga-Stockholm). About 16,225 were cruise ship passengers.

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What’s up in indexes

BET (of Bucharest) decreased from 8,521.11 index points Friday, June 9th to 8,459.64 index points Monday, June 12th. It’s down 0.65 per cent d/d and up 31.87 per cent y/y.

BUX (of Budapest) decreased from 35,411.01 index points Friday, June 9th to 35,334.48 index points Monday, June 12th. It’s down 0.22 per cent d/d and up 36.79 per cent y/y.

CROBEX (of Zagreb) increased from 1,839.81 index points Friday, June 9th to 1,841.10 index points Monday, June 12th. It’s up 0.07 per cent d/d and up 12.12 per cent y/y.

OMXR (of Riga) decreased from 850.73 index points Friday, June 9th to 848.19 index points Monday, June 12th. It’s down 0.30 per cent d/d and up 33.44 per cent y/y.

OMXT (of Tallinn) decreased from 1,133.78 index points Friday, June 9th to 1,131.37 index points Monday, June 12th. It’s down 0.21 per cent d/d and up 13.34 per cent y/y.

OMXV (of Vilnius) increased from 593.75 index points Friday, June 9th to 594.95 index points Monday, June 12th. It’s up 0.20 per cent d/d and up 16.47 per cent y/y.

PX (of Prague) decreased from 1,008.16 index points Friday, June 9th to 1,004.46 index points Monday, June 12th. It’s down 0.37 per cent d/d and up 22.74 per cent y/y.

SAX (of Bratislava) increased from 312.35 index points Friday, June 9th to 313.25 index points Monday, June 12th. It’s up 0.29 per cent d/d and down 2.01 per cent y/y.

SOFIX (of Sofia) increased from 675.83 index points Friday, June 9th to 681.39 index points Monday, June 12th. It’s up 0.82 per cent d/d and up 52.01 per cent y/y.

UX (of Kyiv) increased from 1,020.89 index points Friday, June 9th to 1,025.58 index points Monday, June 12th. It’s up 0.46 per cent d/d and up 54.98 per cent y/y.

WIG20 (of Warsaw) decreased from 2,330.72 index points Friday, June 9th to 2,295.01 index points Monday, June 12th. It’s down 1.53 per cent d/d and up 28.79 per cent y/y.

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