EBRD hub to be open in Poland

EBRD headquarters, London, UK (EBRD, Public domain)

Bosnia with the Framework Energy Strategy

Hungary will start buying gas from Croatia in 2019

Poland

The European Bank for Reconstruction and Development (EBRD) plans to launch a Central European hub in Warsaw – The First News informs after the daily Puls Biznesu. The goal is to support the competitiveness of companies, green economy and capital markets in Poland. EBRD wants to strengthen the Warsaw team, that’s why the offices located in Lithuania, Latvia, Estonia, Slovakia, Hungary and Slovenia will report to Warsaw hub.

“All these countries face similar challenges, we see the possibility of improving our work,” said Grzegorz Zieliński, EBRD General Director for Poland and Central Europe.

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Bosnia and Herzegovina

Bosnia has its own energy strategy. The SEE News Corporate Wire reports that after 10 years of talks between the Serb Republic and the Federation, the government has finally adopted a Framework Energy Strategy until 2035.

The Foreign Investment Promotion Agency (FIPA) commented: “The adoption of this strategic document defines the path of the Bosnian energy sector development until 2035, which will have a positive impact on investments, as well as on market and regulatory reforms in all segments of the energy sector”.

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Hungary

Hungary could start buying gas from Croatia by the end of 2019 – the Budapest Business Journal informs after the country’s Ministry of Foreign Affairs and Trade. The establishment of an interconnector with reverse-flow capability will allow such purchases. Hungary’s Foreign Minister Péter Szijjártó met with Croatiaʼs Minister of Environment and Energy, Tomislav Ćorić. “Talks have started on the price of gas to be pumped from the liquefied natural gas (LNG) terminal in Krk,” Mr. Szijjártó said. The Croatian side plans to finish the construction of the terminal by the second half of 2020.

By the end of 2020 a long-term contract on gas deliveries from Russia to Hungary expires. “It serves Hungaryʼs economic and national security interests to get as many sources of gas as possible to satisfy the needs of the economy and households,” Mr. Szijjártó commented.

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What’s up in indexes

BET (of Bucharest) increased from 8,301.20 index points Friday, August 31st to 8,303.43 index points Monday, September 3rd. It’s up 0.03 per cent d/d and up 3.42 per cent y/y.

BUX (of Budapest) decreased from 37,233.40 index points Friday, August 31st to 36,972.00 index points Monday, September 3rd. It’s down 0.70 per cent d/d and down 1.32 per cent y/y.

CROBEX (of Zagreb) decreased from 1,822.24 index points Friday, August 31st to 1,821.18 index points Monday, September 3rd. It’s down 0.06 per cent d/d and down 1.71 per cent y/y.

OMXR (of Riga) decreased from 979.01 index points Friday, August 31st to 973.43 index points Monday, September 3rd. It’s down 0.57 per cent d/d and down 2.39 per cent y/y.

OMXT (of Tallinn) increased from 1,224.13 index points Friday, August 31st to 1,225.52 index points Monday, September 3rd. It’s up 0.11 per cent d/d and down 2.43 per cent y/y.

OMXV (of Vilnius) decreased from 700.30 index points Friday, August 31st to 698.07 index points Monday, September 3rd. It’s down 0.32 per cent d/d and up 6.67 per cent y/y.

PX (of Prague) increased from 1,072.88 index points Friday, August 31st to 1,073.10 index points Monday, September 3rd. It’s up 0.02 per cent d/d and up 4.57 per cent y/y.

SAX (of Bratislava) decreased from 359.79 index points Friday, August 31st to 357.65 index points Monday, September 3rd. It’s down 0.59 per cent d/d and up 7.03 per cent y/y.

SOFIX (of Sofia) decreased from 631.83 index points Friday, August 31st to 630.07 index points Monday, September 3rd. It’s down 0.28 per cent d/d and down 10.72 per cent y/y.

UX (of Kyiv) increased from 1,629.67 index points Friday, August 31st to 1,631.36 index points Monday, September 3rd. It’s up 0.10 per cent d/d and up 43.91 per cent y/y.

WIG20 (of Warsaw) increased from 2,337.96 index points Friday, August 31st to 2,355.67 index points Monday, September 3rd. It’s up 0.76 per cent d/d and down 6.50 per cent y/y.

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