Lithuania: a new heat and power plant of Lietuvos Energija

Lietuvos energija headquarters, Vilnius, Lithuania ( Barzdonas, CC BY-SA)

Moldova: salary tax revenues up 14 per cent y/y in 2017

Ukraine: 1.5 per cent inflation in January 2018

Lithuania

Lithuanian state-owned energy holding Lietuvos energija builds a new combined heat and power plant (CHP) in Vilnius. This is the largest energy project in the country, according to the Baltic Course.

As reported, the plant will cost EUR350m and the funding is provided by Lietuvos energija and the European Union. The plant should be completed by the end of 2019. Its capacity will be 88 megawatts (electricity) and 227 megawatts (heating).

As the Baltic Course informs, “the power plant will allow Vilnius residents to pay EUR10m less for waste management every year, furthermore, will save up to EUR13m on heating annually, while the CPH heating would be EUR19-20 per megawatt-hour (MWh) or 35 per cent lower than the 2016 price (around EUR 30 per MWh)”.

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Moldova

In 2017, the nominal salary grew by 11 per cent. The salary tax revenues grew at almost the same pace, according to Ipn.md by 14 per cent. The portal quotes Corina Gaibu, from the Institute for Development and Social Initiative “Viitorul”, saying that “The average salary was about RON5,800 (EUR1,251), and in 2016 it was by 11 per cent lower. Normally, if the salary fund in 2017 increased, the taxes paid from this fund were higher.”

The National Confederation of Trade Unions points out that the reasons for which the collected salary tax reached RON3.5bn in 2017 were “changes made to the legislation and measures taken to fight the shadow economy”.

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Ukraine

In January 2018, inflation in Ukraine was 1.5 per cent. According to the data from the State Statistics Service, in annual terms the growth of consumer prices accelerated to 14.1 per cent y/y (from 12.6 per cent over the same period in 2017).

As reported by Interfax, prices for food and non-alcoholic beverages increased by 2 per cent compared with December 2017. Those of vegetables and fruits were up – respectively – 10.8 per cent and 7.6 per cent. Prices for eggs, milk, sour cream, bread, fish, butter and meat were up 3-1.1. per cent. The tariffs for housing, water, electricity, gas and other fuels increased by 0.4 per cent, and transport fares grew in general by 3 per cent.

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What’s up in indexes

BET (of Bucharest) increased from 7,990.71 index points Friday, February 9th to 8,115.54 index points Monday, February 12th. It’s up 1.56 per cent d/d and up 6.21 per cent y/y.

BUX (of Budapest) decreased from 38,320.32 index points Friday, February 9th to 38,287.00 index points Monday, February 12th. It’s down 0.09 per cent d/d and up 14.78 per cent y/y.

CROBEX (of Zagreb) increased from 1,864.48 index points Friday, February 9th to 1,868.50 index points Monday, February 12th. It’s up 0.22 per cent d/d and down 11.46 per cent y/y.

OMXR (of Riga) increased from 998.16 index points Friday, February 9th to 1,000.00 index points Monday, February 12th. It’s up 0.18 per cent d/d and up 34.66 per cent y/y.

OMXT (of Tallinn) increased from 1,273.61 index points Friday, February 9th to 1,275.84 index points Monday, February 12th. It’s up 0.18 per cent d/d and up 14.63 per cent y/y.

OMXV (of Vilnius) increased from 663.82 index points Friday, February 9th to 672.12 index points Monday, February 12th. It’s up 1.25 per cent d/d and up 20.38 per cent y/y.

PX (of Prague) increased from 1,106.06 index points Friday, February 9th to 1,110.49 index points Monday, February 12th. It’s up 0.40 per cent d/d and up 14.23 per cent y/y.

SAX (of Bratislava) decreased from 330.20 index points Friday, February 9th to 328.87 index points Monday, February 12th. It’s down 0.40 per cent d/d and up 7.12 per cent y/y.

SOFIX (of Sofia) increased from 693.87 index points Friday, February 9th to 696.71 index points Monday, February 12th. It’s up 0.41 per cent d/d and up 14.94 per cent y/y.

UX (of Kyiv) decreased from 1,450.85 index points Friday, February 9th to 1,448.42 index points Monday, February 12th. It’s down 0.17 per cent d/d and up 53.67 per cent y/y.

WIG20 (of Warsaw) increased from 2,382.79 index points Friday, February 9th to 2,414.41 index points Monday, February 12th. It’s up 1.33 per cent d/d and up 12.05 per cent y/y.

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