Croatia will accelerate developing the LNG terminal

Planned LNG port, Krk, Croatia (LNG Hrvatska, Public domain)

PKN Orlen will invest more in its Lithuanian subsidiary

Uber temporarily unavailable in Slovakia

Croatia

Croatia will speed up the construction of its LNG terminal, Total Croatia informs. The portal quotes Croatia’s President Kolinda Grabar-Kitarović saying that gaining energy independence is a crucial goal for her country.

The terminal will be constructed on the Krk island. Mrs. Grabar-Kitarović said that this should be a combined project – at first, a floating terminal should be developed, and later a stationary terminal with a larger capacity should be built.

The portal quotes Croatia’s President: “This is extremely important for Croatia’s energy independence, because at some point we might become hostages to some geopolitical crisis which might not be in our neighborhood but might obstruct the energy supply or put us in a situation where both citizens and the industry would suffer”.

Croatia produces about 2.5 bcm of gas, more than half of its gas consumption.

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Lithuania

Lithuanian government has signed an agreement with the Polish state-owned oil giant PKN Orlen, owner of Orlen Lietuva. According to the agreement, the Polish company will invest more in the Mažeikiai oil refinery and the cabinet of Saulius Skvernelis will “reconsider Public Service Obligation (PSO) tariffs for the company”. According to Orlen’s CEO Daniel Obajtek the idea of building a pipeline to Klaipeda will be examined.

Lithuanian Prime Minister commented that “the declaration envisages further directions of cooperation between the government and Orlen, as well as modernization of the Mažeikiai oil refinery in an effort to keep it competitive on global markets”.

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Slovakia

Sharing economy has a difficult time in Slovakia. The Slovak Spectator informs that Uber, providing e-commerce services for car hire, suspends its operations in the country. As reported, the decision is called “temporary”.

“The decision follows the ruling of the district court in Bratislava, which ordered Uber to switch off the application,” writes Slovak Spectator. The Slovak Transport Ministry plans to change the rules for taxi drivers although the details haven’t yet been disclosed.

Uber’s representatives confirm that they know the decision but so far haven’t officially received it.

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What’s up in indexes

BET (of Bucharest) increased from 8,712.03 index points Monday, March 26th to 8,740.63 index points Tuesday, March 27th. It’s up 0.20 per cent d/d and up 9.79 per cent y/y.

BUX (of Budapest) increased from 37,188 index points Monday, March 26th to 37,300.96 index points Tuesday, March 27th. It’s up 0.58 per cent d/d and up 17.02 per cent y/y.

CROBEX (of Zagreb) increased from 1,817.36 index points Monday, March 26th to 1,826.92 index points Tuesday, March 27th. It’s up 0.53 per cent d/d and down 9.85 per cent y/y.

OMXR (of Riga) decreased from 1,040.42 index points Monday, March 26th to 1,040.34 index points Tuesday, March 27th. It’s down 0.01 per cent d/d and up 35.03 per cent y/y.

OMXT (of Tallinn) increased from 1,267.97 index points Monday, March 26th to 1,271.66 index points Tuesday, March 27th. It’s up 0.29 per cent d/d and up 12.92 per cent y/y.

OMXV (of Vilnius) increased from 688.23 index points Monday, March 26th to 692.06 index points Tuesday, March 27th. It’s up 0.56 per cent d/d and up 23.13 per cent y/y.

PX (of Prague) increased from 1,107.72 index points Friday, March 23rd to 1,115.06 index points Tuesday, March 27th. It’s up 0.42 per cent d/d and up 13.85 per cent y/y.

SAX (of Bratislava) increased from 332.60 index points Monday, March 26th to 339.31 index points Tuesday, March 27th. It’s up 2.02 per cent d/d and up 10.49 per cent y/y.

SOFIX (of Sofia) increased from 653.82 index points Monday, March 26th to 655.25 index points Tuesday, March 27th. It’s up 0.22 per cent d/d and up 2.65 per cent y/y.

UX (of Kyiv) increased from 1,673.08 index points Monday, March 26th to 1,684.46 index points Tuesday, March 27th. It’s up 0.68 per cent d/d and up 73.03 per cent y/y.

WIG20 (of Warsaw) increased from 2,240.65 index points Monday, March 26th to 2,246.32 index points Tuesday, March 27th. It’s up 0.25 per cent d/d and up 2.02 per cent y/y.

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