Poland: the record-low unemployment

Poznan, Poland (Sakuto, CC BY-NC)

Ukraine: Naftogaz launches another battle against Gazprom

Bulgaria: Azeri gas to cover 30 per cent of the country’s needs

Poland

The Polish Radio quotes Mrs. Elżbieta Rafalska, the Minister for Family, Labor and Social Policy, who said that the rate was 5.7 per cent in October 2018. According to Statistics Poland, the rate hasn’t changed since September 2018. It’s the 28-year record level. In August it was 5.8 per cent.

Also the data from Eurostat shows that Poland is a country with the second-lowest unemployment rate in European Union. According to Eurostat, the unemployment was 3.4 per cent in August 2018.

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Ukraine

The claims of Naftogaz Ukrainy against Russia’s Gazprom have already exceeded USD12bn — the Interfax reports quoting Yuriy Vitrenko, the CEO of the Ukrainian state-owned company. This is under new lawsuits.

In June, 2018 Naftogaz filed a new lawsuit before the Stockholm arbitration with the request to “review the gas transit tariff under the contract with PJSC Gazprom”. Now, the Ukrainian company requires the revision of the tariffs from March 2018.

Naftogaz has already won with Gazprom before the Stockholm arbitration. In February 2018, the court decided that Gazprom has to pay Naftogaz USD2.56bn.

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Bulgaria

Natural gas from Azerbaijan is becoming an important imports for Bulgaria. Novinite.com reports that Bulgarian government wants Azeri gas to cover 30 per cent of the country’s needs, starting from 2020. Bulgarian Minister of Energy, Temenuzhka Petkova confirmed her cabinet’s aim is to reduce the country’s „almost total dependence from Russian gas”.

Bulgaria has „a contract with Azeri state company SOCAR to import 1 billion cubic meter of gas a year from the Shah Deniz II field”. Ms. Petkova explained that „these supplies will meet about 30 per cent of Bulgarian consumption, which is a major share and will significantly increase the country’s energy security”.

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What’s up in indexes

BET (of Bucharest) increased from 8,573.48 index points Monday, November 5th to 8,619.96 index points Tuesday, November 6th. It’s up 0.54 per cent d/d and up 10.74 per cent y/y.

BUX (of Budapest) decreased from 37,794.87 index points Monday, November 5th to 37,666.00 index points Tuesday, November 6th. It’s down 0.34 per cent d/d and down 6.11 per cent y/y.

CROBEX (of Zagreb) increased from 1,771.45 index points Monday, November 5th to 1,776.39 index points Tuesday, November 6th. It’s up 0.28 per cent d/d and down 0.06 per cent y/y.

OMXR (of Riga) decreased from 952.33 index points Monday, November 5th to 950.69 index points Tuesday, November 6th.  It’s down 0.17 per cent d/d and down 7.22 per cent y/y.

OMXT (of Tallinn) decreased from 1,192.41 index points Monday, November 5th to 1,189.81 index points Tuesday, November 6th. It’s down 0.22 per cent d/d and down 2.88 per cent y/y.

OMXV (of Vilnius) decreased from 658.66 index points Monday, November 5th to 654.25 index points Tuesday, November 6th.  It’s down 0.67 per cent d/d and down 1.22 per cent y/y.

PX (of Prague) decreased from 1,072.44 index points Monday, November 5th to 1,066.15 index points Tuesday, November 6th. It’s down 0.59 per cent d/d up 1.00 per cent y/y.

SAX (of Bratislava) decreased from 332.33 index points Monday, November 5th to 331.90 index points Tuesday, November 6th. It’s down 0.13 per cent d/d and up 3.07 per cent y/y.

SOFIX (of Sofia) decreased from 596.67 index points Monday, November 5th to 594.29 index points Tuesday, November 6th.  It’s down 0.40 per cent d/d and down 11.67 per cent y/y.

UX (of Kyiv) increased from 1,753.17 index points Monday, November 5th to 1,779.31 index points Tuesday, November 6th. It’s up 1.49 per cent d/d and up 42.76 per cent y/y.

WIG20 (of Warsaw) decreased from 2,233.74 index points Monday, November 5th to 2,230.34 index points Tuesday, November 6th. It’s down 0.15 per cent d/d and down 11.33 per cent y/y.

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