Gazprom with increased exports to Serbia and Bulgaria

(Aamanatullah, CC BY)

PMI shows Hungarian economy slows

Latvian gas market liberalized

Russia

Russian Gazprom increased its sales to Balkan countries like Serbia and Bulgaria. The company informed that its supplies to foreign clients grew by 3.3 per cent y/y. Novinite.com reports that export to Serbia grew by 37.6 per cent y/y and to Bulgaria by 19.4 per cent y/y. According to the portal both countries are potential clients of the Turkish Stream project.

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Hungary

Portfolio.hu reports that the PMI dropped from 59.4 points in February 2017 to 56.0 points in March 2017. The portal also informs the new orders index, the production volume and employment indices fell (still expanded but at lower pace), and delivery times were longer. Only purchased inventories increased.

The Purchasing Managers Index (PMI) is released every first business day of the month. It’s an index that sets the tone in the economy for upcoming month. It consists of five sub-indicators like production level, new orders, supplier deliveries, inventories and employment level.

The base number for the index is 50. A reading higher than 50 means that the industry is expanding. If the reading is between 42 and 50 – it shows the strength of economic expansion. If it’s under 42 – it shows the recession is coming.

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Latvia

The new law that liberalize Latvian gas market took effect on April 3rd. 15 companies had registered as the country’s gas suppliers. Those are Latvian Latvijas Gaze, Latvenergo, Enefit, AJ Power Gas, ESK Sistemas, Euro Energo Company, Frenzo, GEG, Latvijas Propana Gaze, Rigas Gaze, Scener, Daugavpils Siltumtikli and WIN Balitc, and Lithuanian Lietuvos Duju Tiekimas and Litgas.

As Leta.lv reports, according to new rules Latvian commercial clients will have to pick their natural gas supplier by June 15th, 2017. Households are not required to do so. Those continuing cooperation with the national Latvijas Gaze will receive gas at a price that will be determined by the regulator until 2019.

Letva.lv quotes Latvian Economics Ministry saying “the liberalization of the gas market is intended to make the sale and distribution of natural gas as simple and easy as possible”.

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What’s up in indexes

BET (of Bucharest) increased from 8,069.34 index points Friday, March 31st to 8,155.65 index points Monday, April 3rd. It was up 1.07 per cent d/d and up 21.07 per cent y/y.

BUX (of Budapest) increased from 31,634.26 index points Friday, March 31st to 31788.40 index points Monday, April 3rd. It was up 0.49 per cent d/d and up 20.36 per cent y/y.

CROBEX (of Zagreb) increased from 1,989.27 index points Friday, March 31st to 2,035.31 index points Monday, April 3rd. It was up 2.31 per cent d/d and up 25.27 per cent y/y.

OMXR (of Riga) increased from 770.32 index points Friday, March 31st to 777.61 index points Monday, April 3rd. It was up 0.95 per cent d/d and up 26.48 per cent y/y.

OMXT (of Tallinn) increased from 1,122.20 index points Friday, March 31st to 1,122.32 index points Monday, April 3rd. It was up 0.01 per cent d/d and up 15.66 per cent y/y.

OMXV (of Vilnius) increased from 565.13 index points Friday, March 31st to 565.40 index points Monday, April 3rd. It was up 0.05 per cent d/d and up 13.69 per cent y/y.

PX (of Prague) increased from 981.15 index points Friday, March 31st to 985.20 index points Monday, April 3rd. It was up 0.41 per cent d/d and up 9.85 per cent y/y.

SAX (of Bratislava) increased from 304.91 index points Friday, March 31st to 306.71 index points Monday, April 3rd. It was up 0.59 per cent d/d and down 6.04 per cent y/y.

SOFIX (of Sofia) decreased from 633.99 index points Friday, March 31st to 633.13 index points Monday, April 3rd. It was down 0.14 per cent d/d and up 41.69 per cent y/y.

UX (of Kyiv) increased from 1,042.06 index points Friday, March 31st to 1,065.88 index points Monday, April 3rd. It was up 2.29 per cent d/d and up 91.10 per cent y/y.

WIG20 (of Warsaw) increased from 2,175.96 index points Friday, March 31st to 2,219.88 index points Monday, April 3rd. It was up 2.02 per cent d/d and up 11.77 per cent y/y.

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