Poland partially restores Russian oil supplies

Part of the "Druzhba" pipeline, Rozhirche, Ukraine (Водник, CC BY-SA 3.0)

The first trip of Ukrainian president

Bulgaria’s minimum wage the lowest in EU

Poland

As of June 10th, Poland will partially restore oil transportation through “Druzhba” pipeline from Russia, Poland’s energy ministry said. “Moscow’s meeting of the producers, distributors and consumers of oil, which is being transported through “Druzhba” pipeline to Poland and Germany, is over. The parties have agreed on the procedure of considerating claims of refineries, which receive polluted raw materials from Russia. Moreover, restoration of oil supply through “Druzhba” pipeline was confirmed,” PERN Group, Polish company responsible for crude oil logistics, informed in a press release.

“Transneft”, Russian state-owned transport monopoly confirmed readiness to pay compensation for the transportation of polluted oil and it is cleaning polluted parts of the pipeline.

Poland suspended oil imports via this pipeline in April due to quality concerns. Since then Polish refiners have imported crude oil by sea tankers and used its strategic reserves.

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Ukraine

Ukrainian President Volodymyr Zelenskiy chose Brussels as the destination for his first trip abroad as head of state, and reaffirmed Ukraine’s commitment to Europe, its desire to join NATO and his determination to end the war with Russia, Interfax News Agency informed.

“The strategic direction of Ukraine to get the full-fledged membership in NATO, is evidenced in the Constitution, and remains unchanged; it is a priority of our foreign policy. Ukraine aims to achieve high living standards of Ukrainians, root out corruption and modernize the state…We’re ready to negotiate with Russia. We are ready to implement the Minsk agreements,” Zelensky said.

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Bulgaria

Bulgaria has the lowest minimum wage in the EU, according to the annual review published by Eurofound, a foundation focused on living and working conditions in Europe. The monthly minimum wage in Bulgaria was EUR286 in January 2019, a nominal increase of 9.81 per cent y/y.

The highest minimum wage among the CSE countries was in Slovenia with EUR886, a nominal increase of 5.2 per cent y/y. The highest increase of minimal wage across the 22 EU countries that have a statutory minimum wage was in Lithuania with 38.75 per cent y/y.

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What’s up in indexes

BET (of Bucharest) increased from 8495.51 index points Tuesday, June 4th to 8570.18 index points Wednesday, June 5th. It’s up 1.20 per cent d/d and up 3.88 per cent y/y.

BUX (of Budapest) decreased from 41157.00 index points Tuesday, June 4th to 41074.00 index points Wednesday, June 5th. It’s down 0.20 per cent d/d and up 12.0 per cent y/y.

OMXR (of Riga) decreased from 1065.47 index points Tuesday, June 4th to 1064.41 index points Wednesday, June 5th. It’s down 0.73 per cent d/d and up 1.86 per cent y/y.

OMXT (of Tallinn) decreased from 1253.87 index points Tuesday, June 4th to 1251.27 index points Wednesday, June 5th. It’s down 0.39 per cent d/d and up 0.24 per cent y/y.

OMXV (of Vilnius) decreased from 677.82 index points Tuesday, June 4th to 675.22 index points Wednesday, June 5th. It’s down 0.27 per cent d/d and down 4.77 per cent y/y.

PX (of Prague) decreased from 1053.83 index points Tuesday, June 4th to 1052.68 index points Wednesday, June 5th. It’s down 0.11 per cent d/d and down 1.92 per cent y/y.

RTS (of Moscow) decreased from 1307.55 index points Tuesday, June 4th to 1303.35 index points Wednesday, June 5th. It’s down 0.32 per cent d/d and up 11.1 per cent y/y.

SAX (of Bratislava) decreased from 346.25 index points Tuesday, June 4th to 345.46 index points Wednesday, June 5th. It’s down 0.23 per cent d/d and up 3.36 per cent y/y.

SOFIX (of Sofia) decreased from 580.10 index points Tuesday, June 4th to 577.60 index points Wednesday, June 5th. It’ down 0.43 per cent d/d and down 8.86 per cent y/y.

UX (of Kyiv) closed at 1731.75  index points Wednesday, June 5th. It’s the same result as Tuesday’s. It’s 0 per cent change d/d and up 4.83 per cent y/y.

WIG20 (of Warsaw) decreased from 2233.75 index points Tuesday, June 4th to 2223.27 index points Wednesday, June 5th. It’s down 0.47 per cent d/d and down 1.45 per cent y/y.

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