Eurostat: Estonia is the least energy dependent country in the EU

Emergency reserve power plant, Kiisa, Estonia (Raimo Papper, CC BY-NC)

Latvia: tax debts total EUR1.255bn

Czech Republic: beer consumption drops

Estonia

Estonia, Denmark and Romania are the least dependent on energy imports in the European Union (EU), the Eurostat informed. According to the 2016 data Estonia imported only 6.8 per cent of the energy it consumed. The figures are 13.9 per cent for Denmark and 22.3 per cent for Romania. The other Central and Southeast European countries (CSE) in the top 10 are Poland (ranks 4, with the ratio 30.3 per cent), Czech Republic (ranks 6, with the ratio 32.8 per cent) and Bulgaria (ranks 8, with the ratio of just below 40 per cent). The most dependent are: Malta (slightly over 100 per cent), Cyprus (96.2 per cent) and Luxembourg (96.1 per cent).

The SEE News Corporate Wire emphasises that Croatia and Slovenia „posted shares of just below the EU average”. At the same time the portal reminds that „despite the relatively low share of energy imports, Bulgaria is heavily dependent on Russian gas supplies. The country imports almost all the gas it needs to cover its domestic needs via a pipeline from Ukraine through Romania”.

Over half of the EU’s energy consumption is imported. In 2016 the EU imported 53.6 per cent of the energy it consumed. Eurostat reminds that the energy dependency above 50 per cent has been observed since 2004.

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Latvia

The Baltic Course informs that tax debts in Latvia totalled EUR1.255bn in early April 2018. It’s down 3.2 per cent m/m. As reported, this includes current and suspended debts, as well as debts with extended payment deadlines. The sum includes uncollectible debts of the companies under liquidation, slightly exceeding EUR10m.

In March 2018 the total tax debt was EUR1.296bn.

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Czech Republic

Radio Praha reports that Czechs’ change their habits. In 2017, an average Czech drank 138 litres of beer, 10 litres less than in 2016. The Radio comments that it’s “the lowest (observed) consumption in 50 years”. The result comes after “a seven-year period of relative stagnation”. In 1992 an average Czech drank 162 litres of the beverage.

“One reason is that consumers, more and more, are opting to drink at home than at restaurants or pubs,” writes Radio Praha. Fewer Czechs were going to pubs in 2017 due to introduction of electronic cash registers and anti-smoking legislation.

In 2017, the amount of the alcoholic beverages consumed from bottles or cans was 62 per cent, and consumed from the tap was 38 per cent.

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What’s up in indexes

BET (of Bucharest) decreased from 8,952.47 index points Thursday, April 19th to 8,920.49 index points Friday, April 20th. It’s down 0.31 per cent d/d and up 8.66 per cent y/y.

BUX (of Budapest) decreased from 38,663.10 index points Thursday, April 19th to 38,122.87 index points Friday, April 20th. It’s down 1.40 per cent d/d and up 15.68 per cent y/y.

CROBEX (of Zagreb) decreased from 1,793.83 index points Thursday, April 19th to 1,788.72 index points Friday, April 20th. It’s down 0.28 per cent d/d and down 5.70 per cent y/y.

OMXR (of Riga) decreased from 1,051.70 index points Thursday, April 19th to 1,051.53 index points Friday, April 20th. It’s down 0.02 per cent d/d and up 30.98 per cent y/y.

OMXT (of Tallinn) increased from 1,256.48 index points Thursday, April 19th to 1,258.98 index points Friday, April 20th. It’s up 0.20 per cent d/d and up 12.79 per cent y/y.

OMXV (of Vilnius) increased from 706.05 index points Thursday, April 19th to 706.20 index points Friday, April 20th. It’s up 0.02 per cent d/d and up 22.72 per cent y/y.

PX (of Prague) decreased from 1,128.10 index points Thursday, April 19th to 1,121.26 index points Friday, April 20th. It’s down 0.61 per cent d/d and up 14.98 per cent y/y.

SAX (of Bratislava) closed at 337.04 index points Friday, April 20th. It’s the same result as Thursday’s. It’s 0 per cent change d/d and up 9.27 per cent y/y.

SOFIX (of Sofia) decreased from 662.79 index points Thursday, April 19th to 658.44 index points Friday, April 20th. It’s down 0.66 per cent d/d and up 0.74 per cent y/y.

UX (of Kyiv) increased from 1,817.20 index points Thursday, April 19th to 1,818.75 index points Friday, April 20th. It’s up 0.09 per cent d/d and up 75.41 per cent y/y.

WIG20 (of Warsaw) decreased from 2,324.73 index points Thursday, April 19th to 2,298.20 index points Friday, April 20th. It’s down 1.14 per cent d/d and up 0.54 per cent y/y.

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