Poland with a new long-term strategy for energy sector

(Vattenfall, CC BY-ND)

Serbia will improve navigation on the inland waterways

Nord Stream 2: 250 km of the pipeline constructed

Poland

The Polish Radio reports that the government has just announced its new long-term energy plan — in a bid to reduce CO2 emissions. Among its goals is reducing coal energy to 30 per cent of the energy mix by 2040 (currently it’s 80 per cent of the country’s gross energy consumption), start Poland’s nuclear energy by 2033, as well as investing in an offshore wind farms program.

The Polish Radio points out that Poland’s Energy Ministry wants renewables to become 21 per cent of the country’s energy mix by 2030.

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Serbia

Serbia will improve navigation on the inland waterways along Danube and Sava rivers using funds provided by the European Investment Bank (EIB) — the SEE News Corporate Wire informs. The EIB will lend Serbian government EUR100m. “The project will improve services to the local and regional industries, as well as the agricultural sector, support economic growth and create jobs, enhancing connections between European countries,” the portal quotes EIB’s press release. In total, EUR200m will be invested into a number of projects, starting 2019.

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Nord Stream 2

About 250 km of the Nord Stream 2 pipeline has already been laid by mid-November — the Baltic Course reports. As the consortium Nord Stream 2 AG informs, “at the beginning of November, the offshore installation barge “Castoro 10” (C10) completed its work on a 30 km long section of the pipeline (two lines for a total of 60 km of pipes laid) in the coastal waters in the Bay of Greifswald near the German landfall”. Once completed, the pipeline will link the Russian Northern Gas Corridor to Europe.

Poland, Lithuania, Estonia, Latvia and some other countries oppose the construction of Nord Stream 2, because it circumvents them. Also the American President Donald Trump expressed his deep concerns about it.

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What’s up in indexes

BET (of Bucharest) increased from 8,514.96 index points Thursday, November 22nd to 8,522.78 index points Friday, November 23rd. It’s up 0.16 per cent d/d and up 9.57 per cent y/y.

BUX (of Budapest) decreased from 39,489.38 index points Thursday, November 22nd to 39,379.78 index points Friday, November 23rd. It’s down 0.28 per cent d/d and down 1.46 per cent y/y.

CROBEX (of Zagreb) increased from 1,722.34 index points Thursday, November 22nd to 1,729.34 index points Friday, November 23rd. It’s up 0.41 per cent d/d and down 4.75 per cent y/y.

OMXR (of Riga) decreased from 953.46 index points Thursday, November 22nd to 953.33 index points Friday, November 23rd. It’s down 0.01 per cent d/d and down 8.40 per cent y/y.

OMXT (of Tallinn) increased from 1,195.01 index points Thursday, November 22nd to 1,198.48 index points Friday, November 23rd. It’s up 0.29 per cent d/d and down 2.79 per cent y/y.

OMXV (of Vilnius) increased from 633.36 index points Thursday, November 22nd to 634.31 index points Friday, November 23rd. It’s up 0.15 per cent d/d and down 3.57 per cent y/y.

PX (of Prague) decreased from 1,065.54 index points Thursday, November 22nd to 1,062.42 index points Friday, November 23rd. It’s down 0.30 per cent d/d up 1.57 per cent y/y.

SAX (of Bratislava) closed at 331.01 index points Friday, November 23rd. It’s the same result as Thursday’s. It’s 0 per cent change d/d and up 2.26 per cent y/y.

SOFIX (of Sofia) increased from 587.87 index points Thursday, November 22nd to 588.93 index points Friday, November 23rd. It’s up 0.18 per cent d/d and down 11.82 per cent y/y.

UX (of Kyiv) closed at 1,765.24 index points Friday, November 23rd. It’s the same result as Thursday’s. It’s 0 per cent change d/d and up 38.68 per cent y/y.

WIG20 (of Warsaw) decreased from 2,236.35 index points Thursday, November 22nd to 2,225.39 index points Friday, November 23rd. It’s down 0.49 per cent d/d and down 11.12 per cent y/y.

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