Lithaunia revised its energy strategy

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Poland and Israel’s start-ups cooperation

Naftogaz Ukrainy transferred EUR263,9m to Ukraine’s budget

Lithuania

The Baltic Course reports that Lithuania’s parliament (Seimas) adopted an updated National Energy Independence Strategy. As reported, “in the document, Lithuania sets a long-term goal to produce all power for country’s needs, with a particular focus put on the development of green energy”.

The strategy envisages that the share of power produced in the country would increase gradually. It will make 35 per cent of the whole energy consumed in Lithuania in 2020, and it would rise to 70 per cent by 2030, and 100 per cent in 2050. Also, Lithuania’s energy system will be integrated with the European Union (including the power system’s synchronization with continental Europe and the implementation of the Gas Interconnection Poland-Lithuania, GIPL).

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Poland and Israel

Israel and Poland have agreed to cooperate on creating a Silicon Valley of young, entrepreneurial companies – the Polish Press Agency (PAP) informs. As reported, the cooperation will be led by Israel’s Start-up Nation Central and Poland’s National Development Bank (BGK).

“The plan is to strengthen technological and entrepreneurial cooperation between Israel and Poland, to grant Polish companies entry into the Israeli market and to make it easier for Israeli companies to enter the Polish market,” the PAP reports.

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Ukraine

The Interfax informs that a state-owned oil and gas company, Naftogaz Ukrainy has transferred UAH8bn (EUR263,9m) of dividends for 2017 to Ukraine’s budget. According to the government by the end of June 2018, the company should transfer UAH11.8bn or 30 per cent of net profit received last year.

The agency reminds that in 2017 Naftogaz paid UAH13.3bn in dividends for 2016 to the state and “became the most profitable enterprise among all companies owned by the state”.

Since the beginning of 2018 Naftogaz enterprises have already paid over UAH60bn in taxes and dividends to the national budget.

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What’s up in indexes

BET (of Bucharest) decreased from 8,135.47 index points Wednesday, June 20th to 8,107.27 index points Thursday, June 21st. It’s down 0.35 per cent d/d and down 3.19 per cent y/y.

BUX (of Budapest) decreased from 35,383.57 index points Wednesday, June 20th to 35,050.00 index points Thursday, June 21st. It’s down 0.94 per cent d/d and down 2.49 per cent y/y.

CROBEX (of Zagreb) increased from 1,831.82 index points Wednesday, June 20th to 1,838.51 index points Thursday, June 21th. It’s up 0.37 per cent d/d and up 0.97 per cent y/y.

OMXR (of Riga) increased from 1,049.80 index points Wednesday, June 20th to 1,056.93 index points Thursday, June 21th. It’s up 0.68 per cent change d/d and up 12.21 per cent y/y.

OMXT (of Tallinn) increased from 1,266.12 index points Wednesday, June 20th to 1,267.11 index points Thursday, June 21th. It’s up 0.08 per cent d/d and up 11.55 per cent y/y.

OMXV (of Vilnius) decreased from 712.11 index points Wednesday, June 20th to 711.65 index points Thursday, June 21th. It’s down 0.06 per cent change d/d and up 20.21 per cent y/y.

PX (of Prague) decreased from 1,070.03 index points Wednesday, June 20th to 1,064.44 index points Thursday, June 21th. It’s down 0.52 per cent d/d and up 6.98 per cent y/y.

SAX (of Bratislava) decreased from 326.52 index points Wednesday, June 20th to 326.03 index points Thursday, June 21th. It’s down 0.15 per cent d/d and up 5.60 per cent y/y.

SOFIX (of Sofia) decreased from 632.27 index points Wednesday, June 20th to 631.43 index points Thursday, June 21th. It’s down 0.13 per cent d/d and down 7.99 per cent y/y.

UX (of Kyiv) decreased from 1,591.92 index points Wednesday, June 20th to 1,586.95 index points Thursday, June 21th. It’s down 0.31 per cent d/d and up 52.55 per cent y/y.

WIG20 (of Warsaw) decreased from 2,154.18 index points Wednesday, June 20th to 2,150.91 index points Thursday, June 21th. It’s down 0.15 per cent d/d and down 7.25 per cent y/y.

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