New energy strategy for the EU

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USA: 155 types of Ukrainian goods banned from duty-free import

Czech seniors more often go abroad

Russia and the EU

The Baltic Course publishes an article by Nikos Tsafos from the Center for Strategic and International Studies in Washington D.C. The expert deals with the issue of why is the EU afraid of Russian gas. According to him Russia is very often named an “energy superpower”. As it is a major oil and gas producer and exporter, its strategy and activity attract great interest. But at the same time – as Mr Tsafos claims – “the energy is not a central character in the broader story of the bilateral relationship”.

Mr Tsafos argues that a political pressure has ever succeeded in altering or curtailing the urge to trade between Russia and the West. He says that the US and Europe present different approaches to “economic coercion versus cooperation”. He also proposes 4 steps that need to be taken to reinvent EU strategy towards Russia:

  • Having more honest debates with the fundamental question referring to history, namely: “Is Russia a threat or not?”.
  • Countering Russian influence overseas
  • Putting more clarity into Europe’s gas trajectory
  • Completing the internal energy market

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Ukraine

Ukrainian Ministry of Economic Development and Trade informed that the US cancelled duty-free import of 155 types of Ukrainian goods due to “copyright infringement”. As reported, the goods that fell under restrictions are food products, woodwork, engineering and electrical appliances”.

The Economic Development and Trade Ministry has been in constant dialogue with the US government and is working to resolve the problem. At the same time, the lifting of the restrictions largely depends on the adoption of a bill on the organization of collective management.

Under the Generalized System of Preferences duty-free import of more than 3,500 types of goods from Ukraine to the US is allowed.

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Czech Republic

Czech seniors like travelling abroad. Radio Praha reports that the number of people over 55 yo, travel agencies’ clients, has been constantly growing. Two travel offices revealed the figures. Fischer Travel observed a 15 per cent growth y/y and Invia noted a 11 per cent growth.

The portal quotes Jan Papež, the Association of Czech Travel Agents, commenting: “I think that this is going if this trend continues. We see that people older than 50, 55, 60 are active and even more active than the young generation.”

As reported, Czech seniors like to travel to the Mediterranean, but they also chose destinations like Zanzibar, Kenya or Thailand.

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What’s up in indexes

BET (of Bucharest) decreased from 8,851.40 index points Monday, May 7th to 8,762.92 index points Tuesday, May 8th. It’s down 1.00 per cent d/d and up 5.61 per cent y/y.

BUX (of Budapest) decreased from 37,541.33 index points Monday, May 7th to 37,164.55 index points Tuesday, May 8th. It’s down 1.00 per cent d/d and up 13.15 per cent y/y.

CROBEX (of Zagreb) decreased from 1,830.57 index points Monday, May 7th to 1,824.75 index points Tuesday, May 8th. It’s down 0.32 per cent d/d and down 1.62 per cent y/y.

OMXR (of Riga) increased from 1,036.31 index points Monday, May 7th to 1,046.69 index points Tuesday, May 8th. It’s up 1.00 per cent d/d and up 26.93 per cent y/y.

OMXT (of Tallinn) decreased from 1,245.38 index points Monday, May 7th to 1,244.64 index points Tuesday, May 8th. It’s down 0.06 per cent d/d and up 10.05 per cent y/y.

OMXV (of Vilnius) decreased from 708.28 index points Monday, May 7th to 707.67 index points Tuesday, May 8th. It’s down 0.09 per cent d/d and up 21.14 per cent y/y.

Tuesday, May 8th was a non-trading day at Prague Stock Exchange. PX (of Prague) closed at 1,109.04 index points Monday, May 7th.

Tuesday, May 8th was a non-trading day at Bratislava Stock Exchange. SAX (of Bratislava) closed at 330.66 index points Monday, May 7th.

SOFIX (of Sofia) increased from 652.88 index points Friday, May 4th to 653.01 index points Tuesday, May 8th. It’s up 0.02 per cent d/d and down 1.04 per cent y/y.

UX (of Kyiv) increased from 1,803.63 index points Monday, May 7th to 1,809.43 index points Tuesday, May 8th. It’s up 0.32 per cent d/d and up 79.41 per cent y/y.

WIG20 (of Warsaw) increased from 2,214.36 index points Monday, May 7th to 2,236.40 index points Tuesday, May 8th. It’s up 1.00 per cent d/d and down 5.81 per cent y/y.

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