COP24: the UN Secretary-General proposes 4 guidelines

Poland’s President Andrzej Duda and the UN Secretary-General António Guterres (Jakub Szymczuk, KPRP, Public domain)

Latvia: freight transportation up 8.6 per cent in 9 months

Czech CEZ wants to sell its Bulgarian assets to India Power

Poland

During the opening of the UN COP24 Climate Change Conference, that takes place in Katowice (southern Poland), the UN Secretary-General António Guterres said that the world is “in deep trouble”. Mr. Guterres outlined four guidelines according to which the climate problem should be tackled. The UN Secretary-General said that the following things are vital:

  1. More action and more ambition. He asked the international community to work to “ensure that by 2030 emissions of CO2 must decline by 45 per cent from the 2010 levels, and to 0 per cent by 2050”;
  2. Building trust among nations by implementing guidelines, and to implement as quickly as possible the Paris Agreement;
  3. Enough funding for climate actions with focus on five key economic areas: energy, cities, land use, water and industry;
  4. Understanding that climate action makes social and economic sense.

The World Bank CEO, Kristalina Georgiewa informed that the World Bank would double the commitment to climate action after 2020 by allocating USD100bn.

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Latvia

Over the first 9 month of 2018 the volume of freights increased by 7.6 million tons or 8.6 per cent y/y — the Baltic Course informs after the agency LETA. At the same time the freight turnover grew by 5.4 per cent.

The Baltic Course also adds that in the period mentioned freight transported to and from Latvian ports accounted for 48.7 million tons (up 2.1 per cent y/y). Freight turnover at the port of Riga constituted 26.7 million tons (up 4.8 per cent y/y), at the port of Ventspils — 15.1 million tons (down 7 per cent), at the port of Liepaja — 5.5 million tons (up 16.2 per cent), and at minor ports –1.4 million tons (up 12.8 per cent). Riga International Airport received and shipped 18,900 tons of cargo (up 14.8 per cent y/y).

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Czech Republic and Bulgaria

Czech energy giant, CEZ, considers selling its Bulgarian assets to India Power — the SEE News Corporate Wire informs. The company informed that it wants to “start parallel negotiations” with India Power although “its agreement with Inercom remains valid”.

The assets include: CEZ Bulgaria — a company that manages the operations of the other units; power distributor CEZ Razpredelenie; power supplier CEZ Electro Bulgaria; licensed electricity trader CEZ Trade Bulgaria; CEZ ICT Bulgaria — an IT service company; Free Energy Project Oreshetz — a solar park; and Bara Group — a biomass-fired power plant. The value of the transaction may reach EUR326m.

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What’s up in indexes

BET (of Bucharest) increased from 8,578.29 index points Thursday, November 29th to 8,747.93 index points Monday, December 3rd. It’s up 0.95 per cent d/d and up 12.41 per cent y/y.

BUX (of Budapest) increased from 40,109.00 index points Friday, November 30th to 40,579.82 index points Monday, December 3rd. It’s up 1.17 per cent d/d and up 7.34 per cent y/y.

CROBEX (of Zagreb) increased from 1,729,38 index points Friday, November 30th to 1,732.12 index points Monday, December 3rd. It’s up 0.16 per cent d/d and down 5.00 per cent y/y.

OMXR (of Riga) increased from 955.74 index points Friday, November 30th to 958.20 index points Monday, December 3rd. It’s up 0.26 per cent d/d and down 7.74 per cent y/y.

OMXT (of Tallinn) decreased from 1,226.97 index points Friday, November 30th to 1,217.14 index points Monday, December 3rd. It’s down 0.80 per cent d/d and down 0.91 per cent y/y.

OMXV (of Vilnius) decreased from 642.98 index points Friday, November 30th to 642.76 index points Monday, December 3rd. It’s down 0.03 per cent d/d and down 2.76 per cent y/y.

PX (of Prague) increased from 1,068.65 index points Friday, November 30th to 1,073.65 index points Monday, December 3rd. It’s up 0.47 per cent d/d up 0.59 per cent y/y.

SAX (of Bratislava) increased from 329.99 index points Friday, November 30th to 331.00 index points Monday, December 3rd. It’s up 0.31 per cent d/d and up 3.26 per cent y/y.

SOFIX (of Sofia) increased from 592.10 index points Friday, November 30th to 599.10 index points Monday, December 3rd. It’s up 1.18 per cent d/d and down 10.52 per cent y/y.

UX (of Kyiv) closed at 1,748.31 index points Monday, December 3rd. It’s the same result as Friday’s. It’s 0 per cent change d/d and up 36.46 per cent y/y.

WIG20 (of Warsaw) increased from 2,291.08 index points Friday, November 30th to 2,329.37 index points Monday, December 3rd. It’s up 1.67 per cent d/d and down 2.53 per cent y/y.

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