Poland not to renew contract with Gazprom

Moscow, Russia (ruben van eijk, CC BY)

Majority of Latvian banks’ clients are from the EU

Almost 200,000 Ukrainians with residence permit in Poland

Poland

Piotr Naimski, the member of Polish government responsible for energy strategy, said that “Poland will not extend the contract with Gazprom [the major Polish supplier of natural gas] that expires in 2022”. Mr. Naimski stressed: “New opportunities will emerge related to the completion of this year’s investment of the Baltic Pipe, a gas pipeline that will connect the North Sea deposits through Denmark and the Baltic Sea with Poland.”

Poland will also seek to diversify natural gas supplies by signing new contracts for the liquefied natural gas (LNG) from the United States and Qatar. The Polish government assures that this decision is a consequence of the EU policy to increase competition, integrate gas markets, increase security of supplies, as well as the implement sustainable development principles.

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Latvia

In the banks operating in Latvia deposits by Latvian and European Union clients dominate, as 91 per cent of total deposits are owned by local and EU clients, according to the findings of the Latvian The Financial and Capital Market Commission (FCMC). The Commission reported that the total volume of deposits in banks in Latvia has been increasing for the past years reaching EUR213bn.

“Now, we can look at the dominance of local deposits, i.e. the EUR ones, in our banking market with satisfaction, in that sense this is a completely different business environment than in the past 25 years. The transformation process of Latvian banking sector is now in a closing phase,” FCMC Chairman Peters Putnins said.

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Ukraine and Poland

In 2018, almost 34,000 Ukrainian got a residence permit in Poland. Therefore, the number of the citizens of Ukraine with this status increased to 179,000, according to Jakub Dudziak, the Press Secretary of the Polish Department on Foreigners.

Last year, the number of foreigners with a residence permit in Poland went up by 47,000 people, which is by 12,000 less than in 2017 and by 6,000 less than in 2016. Among those who obtain the residence permit are Ukrainians, Belarusians, Indians and Georgians

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What’s up in indexes

BET (of Bucharest) increased from 7394.31 index points Tuesday, February 5th to 7445.89 index points Wednesday, February 6th. It’s up 0.53 per cent d/d and down 7.01 per cent y/y.

BUX (of Budapest) increased from 40474.00 index points Tuesday, February 5th to 40597.00 index points Wednesday, February 6th. It’s up 0.30 per cent d/d and up 4.61 per cent y/y.

CROBEX (of Zagreb) decreased from 1,769.76 index points Tuesday, February 5th to 1,766.10 index points Wednesday, February 6th. It’s down 0.21 per cent d/d and down 1.82 per cent y/y.

OMXR (of Riga) decreased from 1002.51 index points Tuesday, February 5th to 1002.08 index points Wednesday, February 6th. It’s down 0.04 per cent d/d and up 0.01 per cent y/y.

OMXT (of Tallinn) decreased from 1232.86 index points Tuesday, February 5th to 1230.26 index points Wednesday, February 6th. It’s down 0.21 per cent d/d and down 2.00 per cent y/y.

OMXV (of Vilnius) decreased from 646.36 index points Tuesday, February 5th to 639.06 index points Wednesday, February 6th. It’s down 1.13 per cent d/d and down 2.92 per cent y/y.

PX (of Prague) increased from 1060.03 index points Tuesday, February 5th to 1063.02 index points Wednesday, February 6th. It’s up 0.28 per cent d/d and down 3.24 per cent y/y.

SAX (of Bratislava) closed at 335.58 index points Wednesday, February 6th. It’s the same result as Tuesday’s. It’s 0 per cent change d/d and down 3.73 per cent y/y.

SOFIX (of Sofia) decreased from 579.00 index points Tuesday, February 5th to 574.20 index points Wednesday, February 6th. It’s down 0.84 per cent d/d and down 16.85 per cent y/y.

UX (of Kyiv) closed at 1,710.65 index points Wednesday, February 6th. It’s the same result as Tuesday’s. It’s 0 per cent change d/d and up 17.90 per cent y/y.

WIG20 (of Warsaw) increased from 2409.32 index points Tuesday, February 5th to 2414.41 index points Wednesday, February 6th. It’s up 0.21 per cent d/d and up 0.10 per cent y/y.

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