Lietuvos Energija changes name due to international expansion

Ignitis Group headquarters, Vilnius, Lithuania (Barzdonas, CC BY-SA 4.0)

Škoda to produce electric components for Volkswagen

Ukraine’s gas imports from EU reached historic high

Lithuania

Lithuania state-run energy group Lietuvos Energija has changed its brand to Ignitis Group, having set eyes on international expansion. The group said the change was determined by a goal to use funds more effectively and to consolidate more than 14 brands into one brand, which is easily understandable in Lithuania and abroad.

“We are being reborn as an international energy company this time but with very clear goals — Ignitis Group plans to have almost half of its activity abroad in the upcoming 12 years,” Darius Maikstenas, the group’s CEO announced.

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Czech Republic

Czech car manufacturer Škoda will produce high-voltage traction batteries for the Volkswagen Group’s plug-in hybrids at its main plant in Mladá Boleslav, the company informed. “This is an important step in our switch to electromobility,” Christian Bleiel, head of component production at Škoda Auto said.

Amongst other models, the battery packs will be used in the Škoda Superb iV, the manufacturer’s first hybrid, production of which begins this month at the  Kvasiny plant.

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Ukraine

“Gas imports by Ukraine from the EU has reached 69.1 million cubic meters a day. This is a new historic high,” director general of Operator of Ukraine’s GTS Serhiy Makohon said according to Interfax news agency.

The gas transmission operator JSC Ukrtransgaz said this level was achieved due to a seasonal increase in the capacity of the Polish route from 4.3 million cubic meters to 6.443 million cubic meters with the simultaneous use of Slovak and Hungarian supplies.

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What’s up in indexes

BET (of Bucharest) increased from 9245.30 index points Friday, September 6th to 9249.53 index points Monday, September 9th. It’s up 0.14 per cent d/d and up 11.0 per cent y/y.

BUX (of Budapest) increased from 403012.46 index points Friday, September 6th to 40485.00 index points Monday, September 9th. It’s up 0.43 per cent d/d and up 8.82 per cent y/y.

OMXR (of Riga) increased from 1013.90 index points Friday, September 6th to 1021.13 index points Monday, September 9th. It’s up 0.71 per cent d/d and up 7.24 per cent y/y.

OMXT (of Tallinn) decreased from 1233.57 index points Friday, September 6th to 1231.25 index points Monday, September 9th. It’s down 0.19 per cent d/d and up 0.31 per cent y/y.

OMXV (of Vilnius) decreased from 687.52 index points Friday, September 6th to 685.10 index points Monday, September 9th. It’s down 0.35 per cent d/d and down 1.27 per cent y/y.

PX (of Prague) increased from 1032.06 index points Friday, September 6th to 1033.49 index points Monday, September 9th. It’s up 0.14 per cent d/d and down 4.56 per cent y/y.

RTS (of Moscow) decreased from 1340.52 index points Friday, September 6th to 1340.14 index points Monday, September 9th. It’s down 0.03 per cent d/d and up 28.4 per cent y/y.

SAX (of Bratislava) closed at 345.09 index points Monday, September 9th. It’s the same result as Friday’s. It’s 0 per cent change d/d and up 3.05 per cent y/y.

SOFIX (of Sofia) decreased from 574.52 index points Thursday, September 5th to 573.00 index points Monday, September 9th. It’s down 0.20 per cent d/d and down 8.87 per cent y/y.

UX (of Kyiv) decreased from 1549.70 index points Friday, September 6th to 1545.01 index points Monday, September 9th. It’s down 0.30 per cent d/d and down 5.08 per cent y/y.

WIG20 (of Warsaw) increased from 2122.60 index points Friday, September 6th to 2174.41 index points Monday, September 9th. It’s up 2.44 per cent d/d and down 4.25 per cent y/y.

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