Electricity in Bulgaria is more expensive than in Germany

(Boris Rumenov Balabanov/World Bank, CC BY-NC-ND)

Construction of the Nord Stream 2 in Germany has just started

Serbia awaits Chinese investments in energy and infrastructure

Bulgaria

The figures from the European Commission’s Directorate-General for Energy shows that the richest EU nations pay less for wholesale electricity than the poorer, southern states. As reported, in Q4’17 the lowest electricity prices were in Scandinavian countries and in Germany. The highest prices were in Italy, Greece and Portugal.

Novinite.com informs that Bulgaria is in the middle of the list. While in Denmark, Sweden and Finland average wholesale prices ranging EUR30-33, in Bulgaria, it’s EUR40.7 per MWh. In Germany it is EUR33.9.

The reasons for the high electricity prices in Bulgaria are: “underdeveloped market, the lack of real competition and the connectivity of the energy systems”.

>>More

Russia and Germany

The Polish Radio informs that construction of the German part of the Nord Stream 2 has just started. As reported, “builders have started digging up the ground and laying foundations for a terminal” in the German town of Lubmin (on the Baltic Coast).

The Radio recalls that Poland and other CEE countries oppose the construction of the Nord Stream 2. In mid-February 2018, Poland’s Prime Minister Mateusz Morawiecki said it’s “unnecessary, detrimental and divisive”.

The pipeline would supply annually around 55 bcm of natural gas from Russia to Germany, under the Baltic Sea, circumventing Poland, the Baltic States and Ukraine.

>>More

Serbia

SEE News Corporate Wire informs that Serbia wants Chinese companies to participate in infrastructure and energy projects. As reported, Serbian Finance Minister, Dusan Vujovic invited Chinese investors to cooperate under the One Belt One Road initiative. “Serbia wishes to complete the infrastructure projects started under the initiative, in order to make its economy more competitive and increase exports to Western Europe,” Mr Vujovic informed.

The portal also informs that Serbia also offers Chinese investors the opportunity to invest in energy sector. .

>>More

What’s up in indexes

BET (of Bucharest) decreased from 8,746.49 index points Wednesday, May 2nd to 8,701.45 index points Thursday, May 3rd. It’s down 0.34 per cent d/d and up 5.99 per cent y/y.

BUX (of Budapest) decreased from 37,970.00 index points Wednesday, May 2nd to 37,660.99 index points Thursday, May 3rd. It’s down 0.81 per cent d/d and up 17.41 per cent y/y.

CROBEX (of Zagreb) increased from 1,828.32 index points Wednesday, May 2nd to 1,840.08 index points Thursday, May 3rd. It’s up 0.64 per cent d/d and down 0.57 per cent y/y.

OMXR (of Riga) decreased from 1,118.04 index points Wednesday, May 2nd to 1,031.00 index points Thursday, May 3rd. It’s down 7.79 per cent d/d and up 26.11 per cent y/y.

OMXT (of Tallinn) increased from 1,245.18 index points Wednesday, May 2nd to 1,249.28 index points Thursday, May 3rd. It’s up 0.33 per cent d/d and up 10.89 per cent y/y.

OMXV (of Vilnius) increased from 705.20 index points Wednesday, May 2nd to 706.79 index points Thursday, May 3rd. It’s up 0.23 per cent d/d and up 22.00 per cent y/y.

PX (of Prague) decreased from 1,116.87 index points Wednesday, May 2nd to 1,113.35 index points Thursday, May 3rd. It’s down 0.32 per cent d/d and up 11.75 per cent y/y.

SAX (of Bratislava) decreased from 332.84 index points Wednesday, May 2nd to 326.33 index points Thursday, May 3rd. It’s down 1.96 per cent d/d and up 4.27 per cent y/y.

SOFIX (of Sofia) increased from 654.28 index points Wednesday, May 2nd to 658.81 index points Thursday, May 3rd. It’s up 0.69 per cent d/d and down 0.89 per cent y/y.

UX (of Kyiv) increased from 1,751.62 index points Wednesday, May 2nd to 1,780.70 index points Thursday, May 3rd. It’s up 1.66 per cent d/d and up 74.31 per cent y/y.

Thursday was a non-trading day at Warsaw Stock Exchange. WIG20 (of Warsaw) closed at 2,291.92 index points Wednesday, May 2nd. It’s up 0 per cent d/d and down 4.19 per cent y/y.

Share this post

TOP