Estonia: Money laundering is Scandinavian banks’ fault

(TaxRebate.org.uk, CC BY)

Poland plans to end gas supply deal with Russian Gazprom

Czech Republic approves construction of a new NPP

 

Estonia

Estonian Finance Minister Martin Helme said that money laundering in Estonia, as well as the other two Baltic States, are the problem of the affected banks in the Nordic countries, BNS news agency informed. “The management of these banks and the fundamental decisions on business strategy were made at their headquarters, in the Scandinavian countries, and not in Estonia. Yet we are the victims,” Mr. Helme added.

According to Mr. Helme, money laundering scandals have disrupted the normal operation of banking system in Estonian and damaged the country’s economic environment and reputation, as well as the price and availability of credit.

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Poland

Poland’s state-owned oil&gas company, PGNiG notified Russian Gazprom that it will not renew the long-term deal on gas supplies after 2022, when the agreement expires. “The option of sending such a notification is allowed by the contract,” Gazprom representatives said, adding that company supplies Poland accordingly to its contractual obligations.

PGNiG said in a statement that LNG supplies and acquisitions of gas deposits in the North Sea would guarantee energy security after 2022.

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Czech Republic

The Czech Republic approved the construction of Dukovany II NPP, and has set a target date for completion of 2036, Prime Minister Andrej Babis announced. According to the Czech parliamentary committee for the construction of new nuclear resources, this is an important step to maintain the self-sufficiency of the country.

Czech media reported that Russian Rosatom, French EDF, South Korean KHNP, Chinese China General Nuclear Power, American Westinghouse and a joint venture of Areva and Mitsubishi Atmea might place bids for the unit which will cost up to USD7bn.

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What’s up in indexes

BET (of Bucharest) increased from 9692.86 index points Thursday, November 14th to 9692.51 index points Friday, November 15th. It’s up 0.01 per cent d/d and up 13.0 per cent y/y.

BUX (of Budapest) increased from 43218.00 index points Thursday, November 14th to 43384.63 index points Friday, November 15th. It’s up 0.38 per cent d/d and up 11.0 per cent y/y.

OMXR (of Riga) increased from 1028.30 index points Thursday, November 14th to 1033.21 index points Friday, November 15th. It’s up 0.48 per cent d/d and up 11. 0 per cent y/y.

OMXT (of Tallinn) decreased from 1257.84 index points Thursday, November 14th to 1256.99 index points Friday, November 15th. It’s down 0.07 per cent d/d and up 5.81 per cent y/y.

OMXV (of Vilnius) decreased from 713.14 index points Thursday, November 14th to 712.59 index points Friday, November 15th. It’s down 0.08 per cent d/d and up 11.4 per cent y/y.

PX (of Prague) increased from 1079.39 index points Thursday, November 14th to 1083.11 index points Friday, November 15th. It’s up 0.34 per cent d/d and up 0.19 per cent y/y.

RTS (of Moscow) increased from 1436.98 index points Thursday, November 14th to 1449.42 index points Friday, November 15th. It’s up 0.87 per cent d/d and up 28.1 per cent y/y.

SAX (of Bratislava) increased from 341.12 index points Thursday, November 14th to 342.55 index points Friday, November 15th. It’s up 0.42 per cent d/d and up 3.46 per cent y/y.

SOFIX (of Sofia) decreased from 558.00 index points Thursday, November 14th to 553.88 index points Friday, November 15th. It’s down 0.88 per cent d/d and down 7.03 per cent y/y.

UX (of Kyiv) closed at 1487.46 index points Friday, November 15th. It’s the same result as Thursday’s. It’s 0 per cent change d/d and down 17.20 per cent y/y.

WIG20 (of Warsaw) increased from 2226.15 index points Thursday, November 14th to 2233.87 index points Friday, November 15th. It’s up 0.35 per cent d/d and up 1.41 per cent y/y.

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